🔴 Ondas Holdings falls 8.4% following disclosure of CEO's $32M stock sale

Ondas Holdings Inc. is trading 8.4% down at $12.44, with the decline following a new filing that disclosed a significant insider sale.

• According to a filing on June 3, CEO Eric A. Brock sold 2,378,245 shares on June 2 at an average price of $13.43, for a total transaction value of approximately $31.9 million.
• The filing stated the sale was made to cover tax withholding obligations related to the vesting of equity awards.
• This move to lock in gains comes after a sharp multi-day rally driven by major contract announcements, including securing over $30 million in new orders in May and a new $4.8 million U.S. Navy contract.