Ugwumba Chidozie 4

What Happened Ugwumba Chidozie, identified as a 10% owner of Clene Inc. (CLNN), sold a total of 18,221 shares in two open‑market transactions. On 2026-01-22 he sold 12,665 shares at $5.32 each for $67,378, and on 2026-01-23 he sold 5,556 shares at $5.27 each for $29,280 — total proceeds ≈ $96,658. These were outright sales (transaction code S), which are generally liquidity events rather than clear bullish signals.

Key Details

• Transaction dates and prices:
  • 2026-01-22: 12,665 shares @ $5.32 = $67,378
  • 2026-01-23: 5,556 shares @ $5.27 = $29,280
• Total shares sold: 18,221; total proceeds ≈ $96,658.
• Shares owned after transaction: Not specified in the supplied filing summary — see the full Form 4 for post‑transaction beneficial ownership.
• Filing: Form 4 filed 2026-01-23 reporting the Jan 22–23 transactions; no late filing flag indicated in the provided data.
• Notable notes: Insider is a 10% beneficial owner. No 10b5-1 plan, tax‑withholding, or other special footnotes were provided in the summary given.

Context As a 10% owner, Chidozie is a large shareholder rather than necessarily an operating executive; sales by significant owners can be for many reasons (liquidity, portfolio rebalancing, etc.) and do not by themselves indicate company outlook. Retail investors typically weigh insider purchases more heavily as a bullish signal; sales are common and should be interpreted alongside other filings and company news. For full details, review the complete Form 4 filing (Accession: 0001835544-26-000007).