CNM General Counsel Whittenburg sells 50,000 shares for $3.0M at $60.03; holds 9.7K post-transaction after derivative conversion.
Whittenburg executed 2 separate sales totaling 50,000 shares (50.0K shares) for $3,001,255.09 ($3.0M) at $60.03 on June 6 and June 9, reducing his shareholding from 59.7K shares to 9.7K shares post-transaction (a reduction of -83.8%). This filing involves a derivative-conversion transaction, so the Table I holdings shown do not represent his total economic position; derivative holdings remain in Table II and are not yet available in our database. At CNM specifically, Whittenburg's 5 prior sales all showed negative 90-day returns, meaning he has sold at opportune moments before subsequent declines—a 100% well-timed rate at this ticker. The stock has gained 12.5% over the prior 30 days and 22.2% over 90 days, currently trading at $58.10, near its 52-week high of $59.68. CNM's fundamentals show stable strength: $1.9B quarterly revenue, $100.0M quarterly net income, and 11.0% annual revenue growth, with a P/E of 27.15. The material scale of this sale and the insider's consistent pattern of well-timed exits at this specific ticker merit investor attention, though the derivative-conversion nature of the filing means the full economic picture cannot be assessed without Table II data.