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AirJoule Technologies Corp. (NASDAQ:AIRJ), currently trading at $4.26 and showing signs of being overvalued according to InvestingPro analysis, saw its CEO Matthew B. Jore recently execute a stock transaction involving the sale of shares valued at approximately $16,350. The company’s stock has declined over 57% in the past year, despite maintaining strong liquidity with a current ratio of 14.75. According to a recent SEC filing, Jore sold 3,865 shares of Class A Common Stock on June 9, 2025, at a weighted average price of $4.23 per share, with prices ranging from $4.05 to $4.50.
This sale was part of a mandatory "sell to cover" transaction, which was necessary to cover tax withholding obligations related to the vesting of a restricted stock unit award. The transaction did not represent a discretionary trade by Jore.
In addition to the sale, Jore acquired 12,500 shares through the vesting of restricted stock units on June 6, 2025. These shares were acquired at no cost and are part of a vesting schedule that will continue annually in equal installments. Following these transactions, Jore directly owns 7,699,931 shares of AirJoule Technologies. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full InvestingPro Research Report, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, AirJoule Technologies Corporation reported a net income of $14.9 million for the first quarter of 2025, largely due to non-cash gains. The company is expanding its manufacturing capabilities and pursuing water certifications, with strategic partnerships with GE Vernova and Carrier enhancing its competitive position. AirJoule plans to deliver up to three pilot projects in the latter half of 2025, with commercial product delivery anticipated in 2026. Additionally, AirJoule Technologies is set to be included in the Russell 3000 Index, effective after the US market opens on June 30, 2025. This inclusion is based on the company’s market capitalization and is part of the annual reconstitution of the index. CEO Matt Jore stated that this milestone reflects the company’s progress in advancing its AirJoule technology. The company continues to face challenges related to joint venture losses, reporting a $2.2 million loss from its joint venture investment. The joint venture budget for 2025 is set between $13 million and $15 million, focusing on scaling operations. These developments highlight AirJoule’s ongoing efforts to address global water scarcity and energy efficiency challenges.
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