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In a recent transaction filed with the Securities and Exchange Commission, Mike Willis, the Chief Financial Officer of Karman Holdings Inc. (NASDAQ:KRMN), sold a significant portion of his holdings in the company. The sale involved 72,727 shares of common stock at a price of $22 per share, totaling approximately $1.6 million. The stock currently trades at $31, with an average daily volume of 4.32 million shares and has moved within a 52-week range of $28.02 to $32.39. InvestingPro subscribers can access detailed insider trading patterns and executive compensation data for deeper insights.
This transaction was part of the company’s initial public offering, which concluded on February 14, 2025. Following the sale, Willis retains ownership of 1,074,709 shares through the Sundowner Trust, where he is the primary beneficiary. The stock has shown resilience since its IPO, delivering a 3.16% return year-to-date.
In other recent news, Karman Holdings’ initial public offering (IPO) opened at $30, surpassing its initial pricing of $22. The company offered 23 million shares, which exceeded the anticipated range of $18 to $20. Karman Holdings, also known as Karman Space and Defense, provided 8,421,053 shares of common stock, while selling stockholders contributed an additional 12,631,579 shares. This total was 1.9 million more shares than initially expected. The company is now listed on the New York Stock Exchange. Citi, Evercore ISI, RBC Capital Markets, William Blair, and Baird served as joint bookrunners for this IPO. These developments mark significant activity for Karman Holdings in the financial markets.
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