Bauer Jonathan S.

Bauer Jonathan S., Chief Investment Officer, has demonstrated a consistent pattern of selling shares in Progressive Corp. (PGR) over the past two years, with no recorded purchases in SEC filings. His 40 reported transactions exclusively involve PGR, with total sales exceeding $6.47 million. The most recent activity includes a $476,895 sale on July 27, 2026, following a $409,602 transaction on July 24, 2026. Earlier in 2026, Bauer executed larger disposals, including a $634,506 sale in January and a $460,111 transaction in February. The selling pattern appears systematic, with multiple mid-six-figure transactions occurring quarterly—such as the $595,932 sale in July 2025 and two March 2025 sales totaling $824,178. Notably, many filings with zero-dollar values (coded "A," "G," or "M") suggest these represent awards, gifts, or other non-sale adjustments rather than market transactions. The absence of any buy transactions and the recurring timing of sales—often clustered in late January, February, and July—indicate a disciplined divestment approach rather than opportunistic trading. While the reasons for these sales are undisclosed, the data reflects a clear directional bias: Bauer has exclusively reduced his PGR holdings, with recent activity continuing this trend through mid-2026. The consistency in both frequency and magnitude suggests these transactions may relate to prearranged plans or portfolio rebalancing.