Former Director-Linked Entity Files Intent to Sell $0.85M in Pattern Group Stock, Continuing Recent Sales Trend
PTRN has more than doubled off its 52-week low of $8.92.
Summary
An entity linked to a former director plans to sell $0.85 million in Pattern Group stock, adding to over $19 million in sales by the same entities in the last three months.
Key Events · Ownership and Investor Activity · PTRN
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Intent to Sell Shares
KSV Pattern II, LLC, an entity associated with former director Daniel Gay, plans to sell 41,474 shares of Pattern Group common stock, valued at approximately $845,654.86.
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Continuation of Recent Selling Trend
This proposed sale follows a period of significant distribution, with KSV Pattern II, LLC and KSV Pattern LLC having sold a combined 1,130,283 shares for gross proceeds of over $19.28 million in the past three months.
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Stock Trading Near 52-Week High
The intent to sell comes as Pattern Group's stock is trading near its 52-week high, suggesting potential profit-taking by the insider-related entity.
Analysis · PTRN · Trade & Services
An entity associated with former director Daniel Gay has filed a Form 144 indicating intent to sell approximately $0.85 million worth of Pattern Group shares. This filing extends a pattern of significant sales by KSV Pattern II, LLC and KSV Pattern LLC, which have collectively sold over $19 million in shares in the past three months. The ongoing sales by an insider-related entity, especially while the stock trades near its 52-week high, could be interpreted as profit-taking and may contribute to selling pressure.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 29.6% of the 1592 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. 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, PTRN was trading at $20.33 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $8.92 to $20.82. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.