Director Slettemoen sold 760,455 shares over 2 days (Sept 22-23) for $1,479,291.05 as stock near 52-week high
Director Tore Ivar Slettemoen executed two separate sales totaling 760,455 shares for $1,479,291.05 on September 22-23, 2025, at an average price of $1.95 per share. The sales reduced his holdings by 15.6%, from 4.87M to 4.11M shares. The timing occurs as TE stock trades at $2.20, at the top of its 52-week range and up 35.8% over the prior 30 days and 69.2% over 90 days. Despite the recent strength, the company remains unprofitable with a net loss of $31.9M in the latest quarter. Slettemoen's prior cross-ticker transaction history shows a 0.00% well-timed rate on sells, indicating his past sales have coincided with subsequent stock appreciation rather than declines. The magnitude and timing of this liquidation warrant monitoring in the context of the company's ongoing negative earnings and the stock's recent rally to its 52-week ceiling.