Director Andrew Briggs files intent to sell $414,600 in shares
FMAO sits 22% above its 52-week low of $22.587 on light trading volume (0.1× avg).
Summary
Director Andrew Briggs plans to sell an additional $414,600 worth of shares, continuing a pattern of insider selling that has seen him dispose of nearly $1 million in stock over the last three months.
Key Events · Ownership and Investor Activity · FMAO
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Director Files Intent to Sell
Director Andrew Briggs filed a Form 144 to sell 15,000 shares of common stock, valued at approximately $414,600.
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Continued Insider Selling Pattern
This proposed sale adds to a recent trend, with Briggs having already sold 36,000 shares for gross proceeds of $977,550 over the past three months.
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Ongoing Insider Distribution
The company has seen a net insider distribution of over $1 million in open-market sales over the last 90 days, indicating a sustained selling trend.
Analysis · FMAO · Finance
Director Andrew Briggs has filed a Form 144 indicating an intent to sell an additional $414,600 worth of common stock. This follows a pattern of significant insider selling, with Briggs having already sold $977,550 in shares over the past three months. This continued disposition by a director could be interpreted as a lack of confidence or a move for personal liquidity, adding to the existing insider distribution trend.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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 $27.65 on NASDAQ in the Finance sector, with a market capitalization of approximately $380.7M. The 52-week trading range was $22.59 to $29.83. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.