the Value Investor is right that (https://www.sec.gov/Archives/edgar/data/1046257/000104625726000226/xslF345X06/form4.xml), but the narrative is incomplete. Not all insider dumps are created equal. When a CFO liquidates on a 90-day hold expiration, that's noise. When the CEO starts *layering in sales across multiple price tranches* while the stock's still up 15% YTD, that's accrual pressure signaling.

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