HRT Financial LP cuts WORK Medical (WOK) holdings to zero after mixed trades
Rhea-AI Filing Summary
HRT Financial LP, a ten percent owner of WORK Medical Technology Group, reported mixed trades in the company’s common stock. On May 28, 2026, it made an open‑market purchase of 1,535,850 shares at $0.09 per share.
On May 29, 2026, HRT Financial then executed an open‑market sale of 2,619,607 shares at $0.10 per share, leaving reported direct holdings at 0 shares. Across both days, this represents a net sale of 1,083,757 shares of WORK Medical common stock.
Positive
- None.
Negative
- A ten percent owner, HRT Financial LP, executed a net sale of 1,083,757 shares of WORK Medical Technology Group common stock across May 28–29, 2026, reducing reported direct holdings from previously held levels to 0 shares.
Insights
Large shareholder’s net sale fully exits reported WOK position.
HRT Financial LP, identified as a ten percent owner, combined a sizeable open‑market purchase on May 28, 2026 with a larger sale on May 29, 2026. The purchase covered 1,535,850 common shares at $0.09 each, followed by a sale of 2,619,607 shares at $0.10.
After these transactions, reported direct holdings in WORK Medical common stock fell to 0 shares, implying a full exit of the visible position in this filing. The net effect is a 1,083,757‑share reduction in ownership. The filing does not discuss reasons or broader company fundamentals, so interpretation focuses strictly on this ownership change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,619,607 | $0.10 | $262K |
| Purchase | Common Stock | 1,535,850 | $0.09 | $138K |