10% Holder Jill Foss Watson Living Trust Files Intent to Sell $6.25M in Stock

summarizeSummary

A 10% holder and trustee, Jill Foss Watson Living Trust, filed a Form 144 to sell $6.25 million in stock, part of a larger aggregated intent to sell up to $31.78 million from related trusts, contributing to a trend of insider selling near 52-week highs.

check_boxKey Events · Ownership and Investor Activity · CACC

• Intent to Sell $6.25 Million in Stock

  Jill Foss Watson Living Trust, a 10% holder and trustee, filed a Form 144 indicating intent to sell 10,000 shares of common stock, valued at approximately $6.25 million.

• Part of Larger Aggregated Sale

  This specific sale is part of an aggregated intent to sell up to 50,000 shares from related trusts, which would total approximately $31.78 million based on current prices.

• Ongoing Insider Distribution

  The filing contributes to a broader pattern of significant insider selling, with over $58 million in net sales by insiders over the last 90 days.

• Sale Near 52-Week Highs

  The proposed sale occurs while the company's stock is trading near its 52-week high, suggesting potential profit-taking by a major shareholder.

auto_awesomeAnalysis · CACC · Finance

A 10% holder and trustee, Jill Foss Watson Living Trust, has filed a Form 144 indicating intent to sell approximately $6.25 million worth of company stock. This specific filing is part of a larger aggregated plan to sell up to 50,000 shares from related trusts, totaling around $31.78 million. This significant intent to sell from a major shareholder, especially while the stock is trading near its 52-week high, adds to the ongoing pattern of insider distribution observed over the past 90 days, which has seen over $58 million in net insider sales.