SiCPower, LLC sold 986,238 shares for $6,628,166.32; stock now at $5.10, -21.5% from 52-week high
SiCPower, LLC, a 10% owner, executed 4 separate sales totaling 986,238 shares for $6,628,166.32 at an average price of $6.72 across May 28–29, 2025. The shares sold represent a -3.9% reduction in the filer's pre-transaction stake (from 25,376,280 to 24,390,042 shares), with post-transaction holdings remaining substantial at 24.39M shares. The stock has since declined to $5.10 (current price), trading -21.5% from its 52-week high of $6.50, indicating the transactions occurred near a local peak; the 30-day performance shows +164.2% gain and 90-day shows +109.0%, suggesting the stock recovered sharply after the sales period. Navitas remains unprofitable (net income $-16,829,000.00 in the latest quarter; full-year net income was negative) despite modest 4.8% annual revenue growth, creating a backdrop of operational stress even as the equity has rallied dramatically in recent weeks.