CEO Guus Franke Sells 819,359 CIRC Shares for $341,752 Under Automatic Plan
CIRC is trading near its 52-week low of $0.22 (2.2% above the low) on light trading volume (0.2× avg).
Summary
Circle8 CEO Guus Franke sold 819,359 shares for roughly $341,752 in three automatic open-market trades between September 15 and October 13, leaving him with 11,387,928 shares. The sales came as the company faces going-concern doubt and a Nasdaq delisting notice.
Key Events · Ownership and Investor Activity · CIRC
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CEO Trims Stake in Three Trades
Guus Franke sold 819,359 shares for $341,752.50 between 2026-09-15 and 2026-10-13, at average prices of $0.50, $0.42 and $0.38.
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Sales Were Automatic, Not Discretionary
The filing states the shares were sold pursuant to an automatic sale and do not represent a discretionary transaction by the reporting person.
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Remaining Stake Still Large
Post-transaction direct holdings are 11,387,928 shares, so this is a partial reduction rather than an exit.
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Distress Backdrop
The sales occurred after the 2026-08-13 Nasdaq delisting notice and the 2026-08-19 10-Q disclosing going-concern doubt, and before the 2026-10-23 subsidiary default notice.
Analysis · CIRC · Trade & Services
Between September 15 and October 13, the CEO sold 819,359 shares for about $341,752 in three open-market trades, with prices sliding from $0.50 to $0.38. The filing characterizes these as automatic sales rather than discretionary trades, which softens the read. Still, the direction is notable: the top executive's stake is shrinking while the company carries going-concern doubt, a Nasdaq delisting notice and a fresh subsidiary default notice. He retains 11,387,928 shares directly, so this is a partial trim rather than an exit.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 30.9% of the 1649 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CIRC was trading at $0.23 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $26.7M. The 52-week trading range was $0.22 to $4.56. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.