Ashish Arora 4

What Happened

• Ashish Arora, CEO of Cricut, sold a total of 180,000 shares in three open-market transactions (code S) on Feb 19, Feb 20 and Feb 23, 2026. The individual trades were: 60,000 shares on 2026-02-19 at a weighted average price of $4.65 (proceeds $279,162); 60,000 shares on 2026-02-20 at $4.62 (proceeds $277,410); and 60,000 shares on 2026-02-23 at $4.42 (proceeds $265,092). Total reported proceeds across the three sales: $821,664. These were sales (not purchases or option exercises).

Key Details

• Transaction dates & prices (weighted averages and reported ranges):
  • 2026-02-19: 60,000 shares @ $4.65 (range $4.6100–$4.7050) — see footnote F2
  • 2026-02-20: 60,000 shares @ $4.62 (range $4.5400–$4.6900) — see footnote F3
  • 2026-02-23: 60,000 shares @ $4.42 (range $4.3600–$4.6150) — see footnote F4
• Shares owned after transaction: Not reported in the excerpt provided; check the full Form 4 for post-transaction holdings.
• Notable footnotes: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Arora on Aug 20, 2025 (footnote F1). The reported prices are weighted averages from multiple executions; the filer offers to provide the per-price breakdown on request.
• Filing timeliness: Form 4 was filed on 2026-02-23; based on the trade dates provided, the filing appears to be timely.

Context

• These trades were executed under a 10b5-1 plan, which typically means the sales were pre-arranged and scheduled rather than ad hoc decisions based on current company information. Sales are common for executives for liquidity or diversification and do not by themselves indicate information about company prospects; purchases generally carry more weight as a positive signal.