Ashish Arora 4

What Happened

• Ashish Arora, CEO of Cricut, sold a total of 120,000 common shares in two open-market transactions (S = sale). He sold 60,000 shares on 2026-05-20 and another 60,000 shares on 2026-05-21. Each lot is reported at a weighted-average price of $3.95, with proceeds of $236,964 and $237,186 respectively (total ≈ $474,150). These were sales (not purchases), which are commonly routine disposition of holdings.

Key Details

• Transaction dates & amounts:
  • 2026-05-20: 60,000 shares sold, weighted avg price $3.95; proceeds $236,964. (Prices in that lot ranged $3.8950–$3.9950 per footnote.)
  • 2026-05-21: 60,000 shares sold, weighted avg price $3.95; proceeds $237,186. (Prices in that lot ranged $3.8600–$4.0300 per footnote.)
• Total shares sold: 120,000; total proceeds: ≈ $474,150.
• Shares owned after the transactions: Not disclosed in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Notable footnotes:
  • F1: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by Arora on August 20, 2025 (pre-scheduled trades).
  • F2 & F3: Reported prices are weighted averages; actual trades occurred across price ranges noted above. The filer will provide a breakdown on request.
• Filing timeliness: Form 4 filed on 2026-05-21; appears to be filed promptly (within the usual two-business-day reporting window).

Context

• These were scheduled open-market sales under a 10b5‑1 plan, which allows insiders to sell according to a preset plan and is commonly used to avoid the appearance of trading on material nonpublic information. Sales do not necessarily indicate negative views on the company; without post-sale holdings it’s not possible to gauge the size of the disposition relative to Arora’s total stake. For full detail, including exact per-trade prices and share totals after the sale, consult the complete Form 4 filing (Accession: 0001851564-26-000019).