Miller Lee, a ten percent owner of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently sold a significant portion of common stock, according to a recent SEC filing. The sale comes as the stock trades near its 52-week low of $0.15, down about 72% year-to-date, according to InvestingPro data. The transactions, dated December 2, 2024, involved the sale of 32,541 shares for a total of $34,868. The shares were sold at prices ranging from $0.00 to $1.25 per share. Following these transactions, Lee holds 74,643,519 shares indirectly through The Lee Miller Trust. The sales were made under an offering statement qualified under Regulation A, with a portion sold as Bonus Shares. Despite the insider selling, StartEngine maintains strong revenue growth of 90% and a healthy gross profit margin of 48%, with liquid assets exceeding short-term obligations as indicated by a current ratio of 1.21.
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