Director Thomas Ragy sold 3,000,000 shares of CXM at $8.37 on 2025-07-02, reducing holdings by 79.7% to 766,217 shares; stock now trades at $8.76.
Thomas Ragy sold 3,000,000 shares (3.00M shares) at $8.37, generating $25,110,000.00 ($25.1M) in proceeds and reducing his stake by 79.7% from 3.77M to 766.2K shares. This large-scale sale is notable given CXM's 52-week range of $6.88–$10.05, placing the transaction sale price well within range but below current trading at $8.76. The company shows mixed fundamentals with positive annual revenue growth of +8.7% and latest quarterly revenue of $205,500,000.00 ($205.5M), though net income sits at $-1,568,000.00 ($-1.6M). Ragy executed three prior sales at CXM within a compressed window (2025-06-16, 2025-06-18, 2025-06-27), establishing a consistent selling pattern; however, measurable outcomes for these trades are not yet available. The FLAG in this filing indicates derivative-conversion activity, meaning the director's real position may extend beyond the post-transaction holdings shown in Table I — this sale represents a partial liquidation of a specific batch rather than an exit from the entire position.