Jaitly Sachin Chand 4

What Happened
Director Sachin Jaitly reported two open-market sales on March 11, 2026, disposing of 35,713 shares at a weighted average near $8.81 (range $8.80–$8.89) for about $314,696, and 3,995 shares at a weighted average near $9.91 (range $9.90–$9.93) for about $39,610. Both transactions are sales (S) and together total approximately $354,306. Sales are generally routine insider activity and do not by themselves indicate company performance.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (appears timely).
• Prices: 35,713 shares at weighted avg ~$8.81 (range $8.80–$8.89); 3,995 shares at weighted avg ~$9.91 (range $9.90–$9.93).
• Total proceeds reported: ≈ $314,696 and $39,610 (≈ $354,306 combined).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 and F4 note the reported prices are weighted averages across multiple trades and the filer will provide breakdowns on request. F2/F3 disclose a relationship with Tessera Venture Capital Fund II (the filer is a managing partner of the GP) and an ethical wall that limits information-sharing and decision-making; the Tessera Fund sold shares and now holds zero Class A shares.
• Transaction code: S = Sale.

Context

• These entries are simple open-market sales (no option exercises, gifts, or awards involved).
• Note the filing discloses an institutional connection (Tessera Venture Capital Fund II) but the reporting person disclaims beneficial ownership of the Tessera Fund’s shares due to an ethical wall; that fund’s post-transaction holding is reported as zero.
• For retail investors: purchases by insiders tend to be more directly informative; routine sales like these are common and should be considered alongside other data (company news, financials, and multiple insider transactions) before drawing conclusions.