Bizily Scott, Chief Legal Officer, has demonstrated a clear selling bias in recent transactions involving FDMT, with no recent purchases recorded in SEC filings. Over 28 reported trades, Scott has sold approximately $663,771 worth of FDMT shares while acquiring $307,697 in stock, primarily through derivative transactions marked as "M" (likely option exercises or awards). The most significant disposals occurred in early 2024, including a $204,410 sale on March 27 alongside derivative transactions totaling $151,541, followed by multiple six-figure sales in February 2024 ($80,190 on February 8 and $57,270 on February 27). The selling pattern continued through late 2025, with consistent disposals ranging from $17,314 to $32,136 per transaction, often accompanied by smaller derivative transactions.
Scott's most recent activity shows an acceleration in disposals, with 12 sales recorded since March 2024 and none in 2026 beyond a single transaction marked as "A" (likely an award) on March 25. The sales are methodical, typically occurring monthly or quarterly, suggesting a structured divestment plan rather than opportunistic trading. While derivative transactions indicate ongoing equity compensation, the consistent selling—particularly the absence of any open-market purchases—reflects a net reduction in Scott's FDMT position. The transactions span nearly two years, with the highest concentration of sales occurring in Q1 2024 and Q4 2025.
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