Charles F. Willis IV, Executive Chairman of WLFC, has filed 61 Form 4 transactions, all in a single company. The pattern is one-sided: zero open-market purchases and 24 recent open-market sales, with total sell value of $23,032,419.97 against $8,289,685.84 in acquired value, the latter almost entirely from compensation grants and option exercises rather than cash buys.
The recent activity clusters in late August 2026. Between August 17 and August 31, Willis executed 19 sales, ranging from small lots like $6,333.65 on August 25 to larger blocks such as $921,014.35 on August 17 and $873,567 on August 20. The daily volume is heavy: August 24 alone saw two sales totaling $920,430.89, and August 18 produced three sales worth $1,580,855.42. The August 26 sale of $859,776.84 is the second largest single transaction in the window. Prior to that, on April 1, 2026, a Form 4 showed $7,542,879 in shares withheld to cover tax obligations, an automatic code F event tied to vesting, not a discretionary trade.
The March 2026 filings show a similar sell cadence: five sales on March 30 and 31, with values from $55,603.70 to $220,378.21. Across the entire filing history, Willis has not recorded a single code P purchase. The direction is unambiguous: consistent monetization of WLFC equity through open-market sales, with no corresponding buy-side activity. The dollar figures are material, and the frequency suggests an ongoing program rather than a one-off liquidation.
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