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Cricut CEO Ashish Arora Sells 180K Shares Amid Earnings Report
ByAinvest
Wednesday, May 14, 2025 6:12 pm ET1min read
Cricut, Inc. (NASDAQ: CRCT) disclosed that Director, 10% Owner, and Chief Executive Officer Ashish Arora sold 60,000 shares at $6.19 per share on May 12, 2023. Subsequently, on May 13, 2023, he sold an additional 60,000 shares at $6.23 per share, and on May 14, 2023, he sold yet another 60,000 shares at $6.22 per share.
Cricut, Inc. (NASDAQ: CRCT), a leading provider of digital cutting machines and accessories, has disclosed that its Chief Executive Officer and 10% owner, Ashish Arora, sold 180,000 shares of Class A Common Stock over three days in May 2025. The sales were executed under a Rule 10b5-1 trading plan adopted on August 19, 2024 [1].The transactions took place from May 12 to May 14, 2025. Arora sold 60,000 shares on each of the three days at weighted average prices ranging from $6.1150 to $6.4150. Following these sales, Arora directly owns 3,879,329 shares of the company [1].
The SEC filing, Form 4, outlines the details of the transactions, including the dates, amounts, and prices of the shares sold. The sales were executed in compliance with the Rule 10b5-1 trading plan, which allows executives to sell shares without being accused of insider trading [1].
This news comes amidst a period of increased activity in the stock market, with various insider transactions being reported. Other notable transactions include Kevin J. Knopp, the President and CEO of 908 Devices Inc., purchasing 15,000 shares of 908 Devices Inc. on May 14, 2025, at an average price of $4.3192 per share [2].
Investors should monitor the company's financial health and upcoming earnings reports to understand the implications of these transactions. Cricut, Inc. is expected to announce its third-quarter 2024 financial results on November 5, 2024 [3].
References:
[1] https://www.tradingview.com/news/tradingview:eaf7d7a6573bd:0-cricut-ceo-ashish-arora-sells-180-000-shares/
[2] https://quantisnow.com/insight/president-and-ceo-knopp-kevin-j-bought-64788-worth-of-shares-15000-units-at-6039302
[3] https://www.marketbeat.com/stocks/NASDAQ/CRCT/news/
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