Simon Frederic

Simon Frederic, an insider at the company trading under the ticker FROG, has been an active seller over the past year, with 77 total trades recorded and zero purchases. The aggregate value of his sell transactions reached $92,163,379.95, while his buy-side activity totaled $0. His most recent 25 trades, all coded as "S" for open-market sales, occurred between June 1, 2026, and September 1, 2026, with no acquisitions in that window. The selling pattern is consistent and heavy, with individual transaction values ranging from a low of $129,626 on July 1, 2026, to a high of $5,796,676.92 on September 1, 2026. On that final date alone, Frederic executed multiple sales, including one for $1,253,322.70, another for $1,154,801.19, and a third for $860,582.70, suggesting a deliberate liquidation of a substantial position. The concentration of sales in the late summer of 2026 is notable. On August 13, 2026, Frederic filed a series of sales totaling over $10 million, with individual transactions including $2,819,356.80, $2,321,892.16, and $2,019,213.08. The June 1, 2026 filings show three separate sales worth $3,364,899.84, $1,965,842.32, and $1,417,303.30, respectively. Across all reported trades, the average sale value is roughly $1.2 million, but the distribution is skewed toward larger blocks in the most recent months. There is no evidence of any "P" (purchase), "M" (option exercise), or "G" (gift) activity in the data, meaning Frederic has not added to his holdings or diversified via non-market transactions during this period. The insider's behavior is unambiguously bearish from a cash-flow perspective: he has converted a significant portion of his equity stake into cash, with no corresponding buys to signal confidence in the stock’s valuation. The lack of any "F" (tax withholding) or "D" (sale back to issuer) codes further indicates these are discretionary open-market sales rather than mandatory or administrative transactions. Over the three-month span from June to September 2026, Frederic sold on at least 25 separate occasions, with the largest single-day total occurring on September 1, when his combined sales exceeded $9.9 million. This sustained, high-volume selling, absent any offsetting purchases, points to a deliberate reduction of his position in FROG.