Director William D. Waddill sells 9,000 PTGX shares at $117.94 under pre-arranged 10b5-1 plan; retains 7,825 shares.
Director William D. Waddill sold 9,000 shares at $117.94 on 2026-06-23 under a pre-arranged 10b5-1 trading plan adopted on 2026-02-27, reducing his non-derivative holdings by 53.5% to 7,825 shares. The trade is scheduled rather than discretionary, so it reflects plan mechanics rather than a real-time market judgment. Protagonist Therapeutics has experienced severe turbulence: annual revenue declined 89.4% year-over-year and the company was unprofitable over its most recent full fiscal year, though the latest quarter showed $56.4M revenue and $3.8M net income. The stock has recovered 22.6% over the past 30 days and 23.9% over 90 days, trading at $122.63 (2.9% below its 52-week high of $126.25). Investors should monitor whether further 10b5-1 execution or additional open-market sales emerge, as well as the company's ability to sustain recent profitability amid the prior year's sharp revenue decline.