Fukushima Ryan, Chief Operating Officer of TEM, has demonstrated a consistent pattern of selling activity in the company’s stock, with no recorded purchases across 45 reported transactions. Since August 2025, Ryan has executed 21 sales totaling approximately $9.56 million, with the largest single transaction occurring on August 19, 2025, when shares worth $1.27 million were sold. The sales have been frequent and methodical, often clustered around specific dates—such as September 2, 2025, when six separate sales amounted to over $756,000, and November 3, 2025, when three transactions combined for nearly $446,000 in proceeds.
Recent filings show the selling trend continuing into 2026, with a $566,408 sale on February 19 followed by an automatic transaction (coded "A") the next day. The absence of any buys suggests Ryan has been steadily reducing their stake in TEM, with sales occurring roughly every one to two months. The transactions vary in size, ranging from smaller dispositions like $21,819 on September 2, 2025, to six-figure sums exceeding $200,000. While the reasons for the sales are undisclosed, the data reflects a clear and sustained divestment strategy focused solely on TEM shares over the past seven months.
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