Jay O. Wright, General Counsel and Secretary, has demonstrated a consistent pattern of selling shares in Castellum, Inc. (CTM) over recent months, with no recorded purchases in any company. According to SEC Form 4 filings, Wright executed 25 sales between August and December 2025, totaling approximately $2.1 million in proceeds. The transactions varied in size, ranging from smaller dispositions like $6,618 on December 15, 2025, to larger sales such as $280,254 on September 8, 2025. Notably, the selling activity intensified toward year-end, with multiple transactions occurring in December, including a $153,289 sale on December 10 and a $31,500 disposition on December 19.
Wright’s sales were concentrated exclusively in CTM, with no diversification across other holdings. The transactions suggest a steady divestment strategy, as sales occurred frequently—often multiple times per week—without any offsetting buys. The largest single sale took place in early September, accounting for over 13% of the total value sold during the period. While the filings do not indicate the reasons behind the disposals, the data reflects a clear directional bias toward reducing exposure to CTM shares throughout late 2025. The absence of any buying activity further underscores this trend.
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