Karman Holdings’ chief growth officer Stephanie Sawhill sells $1.6 million in stock

Stephanie Sawhill, the Chief Growth Officer of Karman Holdings Inc. (NASDAQ:KRMN), recently sold a significant portion of her shares in the company. According to a recent SEC filing, Sawhill disposed of 72,727 shares of common stock at a price of $22 per share, notably below the current trading price of $31. The stock has been trading in a 52-week range of $28.02 to $32.39. This transaction, which took place on February 14, 2025, was part of the company’s initial public offering, which closed on the same day. The total value of the sale amounted to approximately $1.6 million. Following this transaction, Sawhill retains ownership of 628,939 shares in Karman Holdings. The stock has shown positive momentum with a YTD return of 3.16%, while maintaining robust trading activity with an average daily volume of 4.32 million shares. For deeper insights into insider transactions and comprehensive financial analysis, check out InvestingPro.

In other recent news, Karman Holdings made a notable debut on the New York Stock Exchange with its initial public offering (IPO) opening at $30, significantly above the initial pricing of $22. The company offered 23 million shares, surpassing the expected range of $18 to $20. Additionally, selling stockholders contributed 12,631,579 shares, which was 1.9 million more than initially anticipated. Citi, Evercore ISI, RBC Capital Markets, William Blair, and Baird acted as joint bookrunners for the IPO. These developments have garnered attention from investors, marking a strong market entry for Karman Holdings. The company’s IPO performance reflects robust investor interest in its mission-critical systems for defense and space programs. This recent activity highlights the company’s strategic positioning in the defense and space sectors.

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