WOLVERINE ASSET MANAGEMENT LLC

10% owner Wolverine Asset Management executes 3 small buys (130 shares for $1.5K) then sells 1,000 shares for $11.7K in July-August 2025

Wolverine Asset Management (10% owner) filed 3 separate purchase transactions totaling 130 shares for $1,499.93 between July 11–28, followed by a single sale of 1,000 shares for $11,670.00 on August 14. The net effect reduced holdings by 870 shares (-0.5% vs pre-transaction holdings of 186.4K shares). The buys occurred at prices ranging $11.53–$11.57; the sale occurred at $11.67, approximately at the 52-week high of $11.72. Wolverine's cross-ticker track record shows 1 prior buy and 6 prior sells with a 90-day well-timed rate of 20.00% (well-timed sells yield negative 90-day returns after execution). The company reported net income of $-59.2K, indicating ongoing losses.

WOLVERINE ASSET MANAGEMENT LLC sells 195,241 shares of IRRX at $11.69 on 2024-11-21, exiting entirely from the position ($2.3M).

WOLVERINE ASSET MANAGEMENT LLC completely liquidated its stake in IRRX with a sale of 195,241 shares on 2024-11-21, reducing holdings from 195,241 shares to 0 shares. At the transaction price of $11.69, this represented a deliberate full exit after the stock has since declined to $10.01 current price. Examining same-ticker history: the insider's prior IRRX sale on 2024-02-12 showed a -0.4% 90-day return, and 1 of 1 prior IRRX sells were well-timed at the 90-day mark. The current sale timing relative to subsequent price action will be assessed against this pattern, though IRRX fundamentals show net income of $-1,040,084.00 and P/E of 27.81 on a market cap of $230,230,000.00, warranting close observation of whether the complete exit was driven by deteriorating operating performance or operational concerns.