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The size and seniority of the seller make this worth monitoring as a bearish insider signal, but the disclosure alone does not establish the reason for the sale or a change in outlook.
What happened, with direct paths to the underlying reporting
Dines Daniel, identified as a director, 10% owner, CEO and Chairman, reported selling 1.25 million PATH shares for about $16.8 million.
Insider: Dines Daniel
Role: director, 10 percent owner, officer: CEO and Chairman
Transaction: S-Sale
Shares: 1,250,000
Price: $13.44
Value: $16,806,125
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