Foroughi Arash Adam

The buy side is essentially a one-liner: 100,000 shares acquired at the start of the reporting period. That single acquisition is consistent with an insider receiving stock as part of an original employment grant or IPO-related liquidity event, not an open-market conviction buy. Everything after it has been sales — 8.46M shares across hundreds of individual transactions. The sell pattern shows no clustering around specific price thresholds or earnings dates; instead, the transactions appear at regular intervals, often multiple per day, at whatever the prevailing market price happens to be. That cadence is the signature of a 10b5-1 plan or similar pre-scheduled selling arrangement, where the insider has committed to liquidate shares on a fixed schedule regardless of price.

The recent window makes the trend visible in real time. In the 10 most recent transactions (late May to mid-June 2026), Foroughi sold 19,389 shares in total at prices between $493 and $499 — a descending price path within the selling window that looks like ordinary intra-period price movement rather than a triggered reaction to news. The single-transaction size ranges from 920 shares to 4,884 shares, consistent with regular-plan execution.