Director Andrew Briggs Files Another Form 144 to Sell $460K in Shares, Continuing Recent Selling Trend
FMAO sits 34% above its 52-week low of $22.77 on light trading volume (0.1× avg).
Summary
Director Andrew Briggs plans to sell an additional $460,050 in company shares, extending a pattern of significant insider selling that has totaled over $3 million in the last three months.
Key Events · Ownership and Investor Activity · FMAO
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Proposed Share Sale
Director Andrew Briggs has filed a Form 144 to sell 15,000 shares of common stock, valued at approximately $460,050.00.
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Continuation of Selling Pattern
This proposed sale extends a recent pattern of significant insider selling by Director Briggs, who has already sold 108,000 shares for gross proceeds of $3,052,920.00 in the past three months.
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Stock Trading Near Highs
The intent to sell comes as the company's stock is trading near its 52-week high, potentially indicating the director is taking profits.
Analysis · FMAO · Finance
Director Andrew Briggs has filed another Form 144, indicating an intent to sell an additional $460,050 worth of shares. This continues a pattern of significant insider selling by Briggs, who has already sold over $3 million in shares in the past three months. The sustained selling by a director, especially while the stock is trading near its 52-week high, suggests a lack of conviction and could be perceived negatively by investors.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. 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, FMAO was trading at $30.54 on NASDAQ in the Finance sector, with a market capitalization of approximately $420.4M. The 52-week trading range was $22.77 to $32.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.