10% Owner Ugwumba Chidozie sells 257,795 shares over 12 days for $1,725,734.59; stock down 29.4% in 30 days, 47.7% revenue decline, unprofitable.
Ugwumba Chidozie, a 10% owner of Clene Inc., executed 12 separate sales totaling 257,795 shares for $1,725,734.59 between December 3–18, 2025, reducing his stake by 39.6% from 650,945 shares to 393,150 shares. The sales span a declining price ladder from $7.86 to $5.70 (low) and back to $6.33, with a blended average of $6.69 against a current price of $6.04. The timing is significant: the stock has fallen 29.4% in the 30 days preceding and during this filing window and trades 51.7% below its 52-week high of $12.50. Clene's fundamentals are deteriorating—revenue dropped 47.7% year-over-year to only $15,000.00 in the latest quarter, the company posted a net loss of $8,777,000.00, and it remains unprofitable on a full-year basis. While Chidozie's cross-ticker track record shows strong prior returns (90d win rate 100%, avg 90d return +1397.5%), his one prior trade at CLNN (a buy on June 16, 2023) returned +1900.2% over 90 days—a pattern that does not apply here, as he is now selling into a declining equity amid material operational challenges. The scale of this position reduction and the compressed timeframe warrant close attention to whether further insider activity or company guidance changes follow.