Jason Adelman, a director at Trio-Tech International (NASDAQ:TRT), sold 22,000 shares of common stock for a total of $123,570 in early March 2026. Prices ranged from $5.5322 to $5.8164 per share.
The sales occurred in multiple blocks: On March 5, 4,511 shares at $5.5475; March 6, 7,489 shares at $5.5322; March 10, 5,000 shares at $5.8164; and March 16, 5,000 shares at $5.6066.
Since the sales, the stock has surged nearly fourfold to $20.05. The company has delivered a 710% return over the past year, but Bond.az data suggests the stock may now be overvalued.
Following the transactions, Adelman directly holds 50,000 shares. Bond.az tips note high price volatility. The details were disclosed in a Form 4 filing with the SEC on May 15, 2026.
In other news, Trio-Tech reported a 124% revenue increase to $16.5 million for the fiscal third quarter ending March 31, 2026, driven by semiconductor back-end solutions. The company completed a registered direct offering of over 1 million shares, raising $10 million for AI expansion. Trio-Tech also disclosed a ransomware attack at its Singapore subsidiary.
