CEO Toby Z. Rice sells 98,714 shares for $5.4M under pre-arranged 10b5-1 plan; holds 2.33M shares post-sale.
Toby Z. Rice executed three separate sales totaling 98,714 shares for $5,356,619.37 at blended average price $54.26, reducing his holdings from 2.43M to 2.33M shares (-4.1%). The transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2026-03-06, meaning it was scheduled rather than discretionary. Stock price has declined -22.8% from its 52-week high of $68.24 to the current $52.69, and has fallen -17.4% over the past 90 days. Fundamentals remain solid with $3.4B latest-quarter revenue, net income of $1.5B, annual revenue growth of +63.9%, and a P/E of 10.04. The scheduled nature of the sales under the 10b5-1 plan precludes timing-based interpretation; however, the execution occurs amid notable recent price weakness and within the context of strong operational performance.