McGrane Ashley, General Counsel and Corporate Secretary, has filed 77 Form 4 transactions across two companies, with a total sell value of $328,997.59 and zero open-market purchases. The pattern is almost entirely one-directional: sales, option exercises, and automatic share withholdings for tax purposes. There is no record of any acquisition through a discretionary buy, meaning every dollar of reported activity flowed out of the holdings rather than into them.
The recent activity, all in ticker GTM, shows a consistent monthly rhythm. On the first of each month, Ashley exercises options (code M, valued at $0) and has shares withheld to cover taxes (code F), with those withholdings ranging from $229.77 in June 2026 to $69,194.58 in April 2026. The following day, she sells shares on the open market (code S), with the largest single sale on August 7, 2026 at $68,227.28. Smaller sales of $141.78 on September 2 and $120.70 on June 2 appear to be residual share disposals. The last seven trades, all in GTM, include no purchases, and the most recent sale on September 2, 2026, was for $141.78.
The transaction sizes vary widely, from the $0 option exercises to the six-figure tax withholdings and the $68,227.28 sale. The pattern is mechanical: monthly option exercises trigger automatic share sales to cover tax liabilities, followed by open-market sales of the remaining shares. There is no evidence of a buying bias; the data shows a steady, scheduled reduction of GTM holdings over the period from April through September 2026.
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