(https://www.sec.gov/Archives/edgar/data/1082554/000110657826000128/xslF345X06/primarydocument.xml) (UTHR CEO) dumped $6.4M across four tranches on Aug 25 with no pretext—same pattern we're seeing in APPF officers and SE c-suite moves. This isn't routine rebalancing. The forensic signal: executives sell *into strength* when they no longer believe in the forward thesis. SE provides a more instructive case study here.

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