Former Co-Founder & Director Files Intent to Sell $1.77M in Shares

summarizeSummary

A former co-founder and director, who recently resigned due to an indictment, plans to sell $1.77 million in company stock, adding to over $4.3 million in sales in the last three months.

check_boxKey Events

• Intent to Sell Shares

  Yih-Shyan Liaw, a former director, filed a Form 144 to sell 54,670 shares, valued at approximately $1.77 million.

• Ongoing Share Liquidation

  This proposed sale follows previous sales of 137,879 shares totaling $4.35 million by Liaw in the past three months, indicating a pattern of divesting holdings.

• Filer's Background

  Yih-Shyan Liaw, a co-founder, resigned from the board in March 2026 following an indictment for alleged export-control violations, which led to a significant stock plunge and class-action lawsuits against the company.

auto_awesomeAnalysis

Yih-Shyan Liaw, a former co-founder and director who resigned following an indictment, has filed a Form 144 indicating intent to sell an additional $1.77 million worth of shares. This follows over $4.3 million in sales by Liaw in the past three months, signaling a continued liquidation of his holdings amidst ongoing legal issues for the company. This ongoing divestment by a key former executive, especially given the circumstances of his departure, adds to the negative sentiment surrounding the company.