Nonko Eugene has filed 201 Form 4 trades, and every one of them is a sale. The total sell value is $16,585,467.84, with no purchases, no grants, and no option exercises recorded. The activity is concentrated in a single company, ticker MAX, which makes the pattern easy to read: a consistent, one-directional liquidation of a position.
The recent trades confirm the bias. Between September 9 and October 21, 2026, Eugene filed 25 open-market sales, all in MAX. The daily pattern is striking: most days carry two sales, one large and one small. On October 21, the sales were $84,564.63 and $22,570.54. On October 20, they were $85,267.20 and $22,538.53. The same pairing appears on October 19, October 14, and back through September, with the larger sale typically in the $67,000 to $93,000 range and the smaller one between $10,800 and $32,000. The largest single sale in the recent window was $93,005.44 on September 14, paired with a $32,094.68 sale that same day.
The selling has not slowed. The most recent filing dates, October 19 through October 21, show values consistent with the earlier September trades, and the cadence of roughly two sales per trading day has held. Eugene has not bought a single share of MAX in the entire filing history. The record shows a steady reduction of a large position, with no indication of accumulation or rebalancing into other holdings.
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