Co-CEO Michael Gross Buys Nearly $500K in Stock, Continuing Insider Accumulation Near 52-Week Lows

summarizeSummary

Co-CEO, President, and Chairman Michael S. Gross purchased an additional $493,104 worth of company stock, reinforcing a pattern of insider accumulation while shares trade near 52-week lows.

check_boxKey Events

• Key Executive Stock Purchase

  Co-CEO, President, and Chairman Michael S. Gross acquired 35,452 shares of common stock for $493,104 through open market transactions between March 13 and March 16, 2026.

• Continued Insider Accumulation

  This purchase adds to a recent trend of significant insider buying, including a $1.5 million purchase by Mr. Gross and another by Co-CEO Bruce J. Spohler earlier in March, signaling sustained confidence from leadership.

• Stock Trading Near 52-Week Lows

  The insider buying occurs while the company's stock is trading near its 52-week low, indicating conviction at current valuation levels.

• RSU Settlements and Grants

  The filing also reported the settlement of 354,511 Restricted Stock Units (RSUs) in cash and the grant of 466,378 new RSUs, which are administrative compensation-related events and not direct open market stock purchases by the insider.

auto_awesomeAnalysis

This Form 4 filing indicates a significant open market purchase by Michael S. Gross, a key executive and Chairman. While the filing also details administrative RSU settlements and grants, the direct stock purchase of nearly half a million dollars is a strong signal of confidence. This transaction follows previous substantial insider purchases by both Mr. Gross and Co-CEO Bruce J. Spohler earlier this month, suggesting a continued bullish outlook from leadership. The timing, with the stock trading near its 52-week low, further amplifies the positive sentiment, as insiders are buying when the market is less optimistic.