10% owner Mel Williams sold 200,000 shares ($2.4M) across 3 trades at $12.07–$12.14 on May 12–14, 2025
Mel Williams, a 10% owner, executed 3 separate sales totaling 200,000 shares for $2,417,602.45 at a blended average price of $12.09 across May 12–14. The sales reduced his holdings from 4.29M shares to 4.09M shares, a -4.7% reduction in his stake. The company showed strong recent fundamentals: quarterly revenue of $67.7M, net income of $4.5M, and annual revenue growth of +22.6%. However, the P/E ratio of 71.29 is elevated relative to profitability, and the stock is trading 14.5% below its 52-week high of $14.17 despite a +12.0% move in the 30-day window. The filing does not provide disclosure of plan or scheduling flags, so the timing and motivation of these sales remain unspecified by the data.