BRANDON DAVID

David Brandon's 669-transaction Form 4 file splits cleanly into two phases that the most recent filings make explicit. Across 441 DPZ transactions between 2005 and April 2026 he recorded 127,000 shares of option-exercise buys against 4.33 million shares sold — a thirty-four-to-one sell-to-buy ratio that makes his Domino's Pizza relationship one of the larger single-company net liquidations on file. Smaller but still material exits in TJX (89,000 shares), KDN (52,000), DTE Energy (17,000), BKC (25,000), and NWA (18,000) closed those positions by 2013, leaving only DPZ and DTE as active relationships. What distinguishes the most recent filings is not that the old pattern is reversing but that it has already ended: his last twenty-four disclosures contain zero open-market or derivative-driven sells, only Code A award receipts and Code F tax-withholding events. DTE delivered Code A awards in May 2025 (1,180 shares), May 2026 (1,230 shares), and July 2026 (240 shares), while DPZ awarded 515 shares in April 2026 and 392 in April 2025. The 2005-to-2013 liquidation phase is the file's only informative historical arc; everything since reads as calendar-driven vesting mechanics from a long-tenured director whose conviction trades are well in the past.