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Ricci S. Whitlow, Chief Operating Officer of MiMedx Group, Inc. (NASDAQ:MDXG), a $1.2 billion market cap regenerative medicine company, recently sold a significant portion of company stock, according to a regulatory filing. According to InvestingPro data, the company maintains a "GREAT" financial health score, with strong liquidity and moderate debt levels. On February 13, Whitlow sold 61,420 shares of MiMedx common stock at a price of $8.28 per share, totaling approximately $508,557. This transaction was conducted in connection with the vesting of a previously granted restricted stock unit award, with proceeds used to cover tax withholding liabilities. The stock, which currently trades above its InvestingPro Fair Value, has shown impressive momentum with a 34% gain over the past six months, while analysts maintain a strong buy rating with price targets ranging from $12 to $16. Following the sale, Whitlow retains ownership of 403,019 shares, including shares acquired through the MiMedx Employee Stock Purchase Plan. For deeper insights into insider transactions and comprehensive analysis, including 10+ additional ProTips and detailed valuation metrics, visit InvestingPro, where you’ll find the complete Pro Research Report for MDXG.
In other recent news, MiMedx Group, Inc. has made significant strides in securing its operational base and protecting its leadership. The company has extended its corporate headquarters lease in Marietta, Georgia, now set to expire on July 31, 2029, with options for two additional two-year extensions. This agreement also adjusts the rent and secures tenant improvement funds from the landlord, CPVF II West Oak LLC.
Simultaneously, the company’s Board of Directors approved an indemnification agreement for its directors and executive officers. This agreement offers protection against potential legal claims related to their service to the company, aligning with Florida law and outlining the procedures for indemnification.
Both of these recent developments underscore MiMedx’s commitment to its leadership and operational stability. The full details of these agreements are available in the exhibits attached to the Form 8-K filed with the SEC.
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