Sanjit Biswas, chief executive officer of IOT, has filed 255 Form 4 disclosures, and the pattern is one-directional. Across his entire filing history, he has reported zero open-market purchases and zero acquisitions by grant or award. The total value of his reported sales is $219,622,723.66, all in IOT stock. Every one of his 255 trades is a sale, and the recent activity confirms the bias: his last 25 filings, spanning October 13 through October 29, 2026, are all open-market sales with no buys.
The recent trades cluster in late October, with the largest individual transactions occurring on October 27 and October 28. On October 27, he filed eight separate sales, including two large ones at $3,265,454.09 and $1,090,131.19, alongside smaller amounts like $4,483 and $9,000. The next day, October 28, brought four sales, the biggest being $3,463,304.32. October 29 shows two more sales, at $982,609.44 and $716,649.80. Earlier in the month, on October 14 and October 15, he also sold in size, with a $2,461,481.68 transaction on October 14 and a $2,371,018.79 sale on October 15.
The dollar values vary widely, from a few thousand to over three million per filing, but the direction never changes. There are no gifts, no option exercises, no shares withheld for tax, and no conversions. The filings show a chief executive who has consistently sold IOT stock over time, with the most recent two weeks containing 25 separate sale events totaling roughly $19 million in disclosed value.
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