Nash Sarah E

Insider trading profile for Nash Sarah E across Blackbaud (BLKB), Bath & Body Works (BBWI), Knoll (KNL), L Brands (LB), Merrimack (MACK), Pathmark (PTMK): (1) BBWI (Bath & Body Works): the most active recent holding. A-code acquisitions: 2026-06-11 (13,284 shares), 2025-06-05 (9,402), 2024-06-27 (6,406), 2025-03-10 (A-code via M-code 127,288 shares). M-code (vesting) events: 2025-03-10 (127,288 shares) and 2024-03-10 (123,544) -- large option exercises. F-code (fee) events: 2025-03-10 (16,776 at $30.46); 2024-03-10 (25,300 at $44.76); 2023-03-10 (56,915 at $37.28); 2023-08-20 (607 at $36.52). S-code sells: 2025-11-24 (10,000 at $15.58 -- P-code buy, not sell; this is actually a DISCRETIONARY BUY), 2024-06-18 (48,000 at $41.50), 2024-09-03 (50,000 at $33.32), 2025-01-10 (54K + 1K at $42-$46), 2025-09-16 cluster (23K at $71-$74), 2025-09-22 (12.6K at $72-$73). (2) BLKB (Blackbaud): sells at $76-$84: 2024-11-19 (1,600 at $83.46), 2024-11-08 (3,100 at $83.98), 2024-08-08 (3,220 at $76.18), 2023-11-27 (4,113 at $75.72), 2023-05-30 (2,050 at $72.00). A-code: 2024-08-01 (3,066) and 2023-08-01 (3,220). (3) LB (L Brands): 34 tx, 16K sells, 10K buys (from earlier period). (4) KNL (Knoll): 39 tx, 77K sells, 10K buys. (5) MACK (Merrimack): 31 tx, 62K buys, 0 sells -- pre-acquisition accumulation. KEY SIGNAL: The BBWI 2025-11-24 P-code (open-market purchase) of 10,000 shares at $15.58 is a meaningful discretionary buy at what was near BBWI's post-split/low point. This is the most bullish single transaction in the profile. However, the broader BBWI pattern shows large S-code sells at progressively higher prices ($33 → $42 → $73) -- the insider has been selling into strength. The 2023 M-code exercises (127K shares) generated substantial F-code fees ($56K at $37.28), confirming tax-based liquidation. The BLKB sells at $76-$84 are consistent profit-taking. Mixed read: The BBWI P-code buy at $15.58 shows opportunistic accumulation at weakness, but the larger pattern shows selling into every subsequent rally ($33, $42, $73). The BLKB all-sell at $76-$84 is mild bearish. The cross-company pattern suggests this insider rotates through retail/consumer names with a bias toward selling into rallies rather than building long-term concentrated positions.