Virtuix 10-K/A Reveals CEO and COO Sold Shares Under 10b5-1 Plans Amid 52-Week Low
VTIX is trading near its 52-week low of $1.47 (2.0% above the low).
Summary
Virtuix's 10-K/A discloses CEO Jan Goetgeluk sold all his Class A shares and COO David Allan sold over 220,000 shares under 10b5-1 plans, adding to a pattern of insider selling while the stock languishes near all-time lows.
Key Events · Executive and Board Changes · VTIX
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CEO Sold All Class A Shares
Jan Goetgeluk sold 500,000 Class A shares between April 6 and May 6, 2026 under a 10b5-1 plan, reducing his Class A holdings to zero. He retains 4,000,000 Class B shares with 72.82% voting power.
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COO Sold 220,821 Shares
David Allan sold 220,821 shares on July 28, 2026 at an average price of $1.79 under a 10b5-1 plan, as disclosed in the ownership table footnotes.
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Insider Selling Pattern Continues
These sales add to $578,229 in net insider selling over the past 90 days with zero open-market purchases, signaling distribution by executives.
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Stock Near 52-Week Low
The sales occurred with the stock trading near its 52-week low of $1.47, down from a high of $92.74, raising concerns about management's outlook.
Analysis · VTIX · Technology
The amendment discloses that CEO Jan Goetgeluk sold 500,000 Class A shares between April and May 2026, exiting his Class A position entirely, while COO David Allan sold 220,821 shares on July 28 at $1.79. These sales, executed under pre-established 10b5-1 trading plans, come as the stock trades near its 52-week low of $1.47. The filing also confirms the CEO controls 72.82% of voting power through Class B shares, maintaining control despite the sales. The insider selling adds to an existing distribution signal — insiders have sold $578,229 in the past 90 days with zero open-market purchases — and raises questions about management's confidence at depressed price levels.
How filings like this one have moved
In the 30 days to Sep 18, 2026, 29.1% of the 1692 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.38%. 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, VTIX was trading at $1.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $49.7M. The 52-week trading range was $1.47 to $92.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.