1.18M-share Mission Produce (NASDAQ: AVO) insider buy by 10% holder
Rhea-AI Filing Summary
Mission Produce, Inc. large shareholder Globalharvest Holdings Venture Ltd, a more than ten percent owner, reported open-market purchases of common stock on two consecutive days. On July 7, it bought 491,865 shares at a weighted average price of $13.40 per share. On July 8, it bought 687,222 shares at a weighted average price of $13.42 per share. After these transactions, Globalharvest directly held 12,370,439 shares of Mission Produce common stock.
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Insights
Large 10% holder increased its Mission Produce stake with open-market buys.
Globalharvest Holdings Venture Ltd, identified as a more than ten percent owner, executed two open-market purchases of Mission Produce common stock. It acquired a total of 1,179,087 shares across July 7 and July 8, at weighted average prices of $13.40 and $13.42 per share.
Following these transactions, Globalharvest’s direct holdings rose to 12,370,439 shares. The filing notes that each day’s price is a weighted average, with actual trades occurring within stated ranges, which is typical for larger orders spread across multiple executions.
The net result is a meaningful net-buy signal from a significant shareholder, though the broader impact depends on overall share count and future trading activity, which are not detailed here. Subsequent company filings may offer additional context on ownership concentration and any strategic intentions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 687,222 | $13.42 | $9.22M |
| Purchase | Common Stock | 491,865 | $13.40 | $6.59M |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.00 to $13.45, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.28 to $13.52, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.