Ullem Scott B.

The company totals show why the distinction matters. EW has 266 transactions, 0 buy shares and 837,165 sell shares. BMS has 27 transactions, 0 buy shares and 16,296 sell shares. That cross-issuer contrast means the headline count of 325 transactions can exaggerate intent unless awards, exercises, purchases, and sales are separated.

The sharp read is that transaction volume is mostly equity-plan plumbing, not a clean discretionary buy or sell campaign. Recent entries coded as A, F, M should not be treated as interchangeable: a sale, an open-market purchase, and an award all say different things about share flow. The notable pattern here is the way EW compares with BMS inside the same reporter record.