Nonko Eugene has filed 173 Form 4 transactions, all in a single company, and every one of them is an open-market sale. The total sell value is $15,209,132.27. There are no purchases, no option exercises, and no grants in the record. The pattern is one-directional: Eugene has been a consistent seller, with 25 sales in the most recent stretch alone.
The ticker is MAX. The recent trades cluster in August and early September 2026, with two sales on most days. Each sale is modest in size, typically between $32,000 and $111,000. For example, on September 2, 2026, Eugene sold $95,241.61 and $32,580.87. On August 10, the two sales were $111,329.54 and $43,666.03. The cadence is steady, roughly two transactions per week, and the dollar amounts are similar across the period, suggesting a routine disposal of shares rather than a single large liquidation.
The absence of any buy-side activity is the defining feature. Over 173 filings, Eugene has never acquired shares through an open-market purchase, and the total acquired value is zero. The selling is not clustered at a peak; it is spread across weeks at consistent values. That makes the direction clear: Eugene is reducing a position in MAX, and the recent filings show no change in that approach.
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