CFO Sells $6.9M in Open Market Shares After Exercising Options
Summary
Digi International's CFO, James J. Loch, sold $6.9 million worth of common stock in open market transactions after exercising options, reducing his direct holdings.
Key Events
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CFO Sells Shares
James J. Loch, SR VP, CFO AND TREASURER, sold $6,944,342 worth of common stock in open market transactions on June 2, 2026.
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Option Exercise Precedes Sale
The sale followed the exercise of options to acquire 208,042 shares for $3,393,053 on the same date.
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Tax Withholding
An additional $4,707,978 worth of shares were disposed of for mandatory tax withholding purposes.
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Reduced Holdings
Post-transaction, the CFO's direct holdings decreased to 335,535 shares.
Analysis
The CFO's significant open market sale of $6.9 million, following the exercise of options, represents a notable reduction in his direct ownership. This transaction, which follows a Form 144 filing on June 2, 2026 indicating an intent to sell, occurs while the stock is trading near its 52-week high, potentially indicating profit-taking by a key executive.
At the time of this filing, DGII was trading at $69.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $30.69 to $70.79. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.