Insider Activity Spotlight: Freedman Lori’s Recent Moves at Organogenesis Holdings Inc.

On February 18, 2026, Chief Administrative and Legal Officer Lori Freedman executed a series of transactions that paint a nuanced picture of her confidence in the company’s near‑term outlook. She secured 203,125 restricted stock units (RSUs) under the 2018 Equity Incentive Plan—vesting over the next four years—while simultaneously purchasing 42,780 shares from a performance‑share award that had already vested. In contrast, Freedman sold 14,267 shares at $3.84 each, a price just below the close of $3.98. These actions suggest a strategic balancing act: rewarding herself for past performance, locking in future upside via RSUs, and trimming a small position at a price close to current market levels.

What Does This Mean for Investors?

Freedman’s RSU grant aligns with standard incentive plans designed to align executive incentives with shareholder value. The four‑year vesting schedule is a long‑term commitment that signals confidence in sustained growth or, at the very least, stability. The performance‑share award vesting indicates that the company has met certain milestones—likely related to clinical development or commercial expansion—and is willing to reward executives accordingly. The modest share sale could be routine portfolio management or a tactical move to diversify holdings without affecting market perception. Overall, the net effect is a net increase in Freedman’s long‑term exposure while reducing short‑term holdings, a pattern that tends to reinforce investor confidence.

Freedman Lori: A Profile of Insider Behavior

Analyzing Freedman’s historic filings shows a consistent pattern of selling shares in 2026‑02‑15 at $3.73 per share, totaling 65,360 shares across four transactions. This selling activity predates the current RSU grant, suggesting a systematic approach to liquidity management rather than a reaction to market volatility. The pattern—selling early in the week, buying later—mirrors a classic “buy low, sell high” strategy, albeit at a modest scale relative to her overall holdings (~800,000 shares post‑transaction). Compared to peers such as CFO Francisco David or CEO Gary Gillheeney, Freedman’s trading volume is lower, reinforcing her role as a steward rather than an aggressive trader.

Industry and Market Context

Organogenesis operates in the regenerative medicine niche, a sector that often experiences high volatility as clinical milestones are hit or missed. The company’s negative P/E ratio of –49.42 reflects current operating losses, yet its price‑to‑book ratio of 1.86 indicates a valuation modestly above its book value, suggesting that the market still sees upside potential. The stock’s recent 6.97% weekly gain and 25.47% yearly gain point to a rebound from a 52‑week low of $2.61 to $3.98, underscoring the importance of insider confidence as a barometer for future performance.

Investor Takeaway

Freedman’s combined RSU grant and share purchase, coupled with a modest sale, signals a long‑term commitment while maintaining liquidity. For investors, this pattern suggests that senior leadership is aligned with shareholder interests, especially in a company that remains loss‑making but has shown recent price appreciation. Watching Freedman’s future RSU vestings and any additional performance‑share awards will provide further clues about Organogenesis’s trajectory and the executive team’s confidence in achieving key developmental milestones.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-02-18Freedman Lori (Chief Admin. and Legal Officer)Buy203,125.00N/AClass A Common Stock
2026-02-18Freedman Lori (Chief Admin. and Legal Officer)Buy42,780.00N/AClass A Common Stock
2026-02-18Freedman Lori (Chief Admin. and Legal Officer)Sell14,267.003.84Class A Common Stock
2026-02-18Freedman Lori (Chief Admin. and Legal Officer)Buy115,812.00N/AStock Option (Right to Buy)
2026-02-18Francisco David (Chief Financial Officer)Buy195,312.00N/AClass A Common Stock
2026-02-18Francisco David (Chief Financial Officer)Buy43,602.00N/AClass A Common Stock
2026-02-18Francisco David (Chief Financial Officer)Sell14,541.003.84Class A Common Stock
2026-02-18Francisco David (Chief Financial Officer)Buy111,358.00N/AStock Option (Right to Buy)
2026-02-18Cavorsi Robert (Vice President, Strategy)Buy93,750.00N/AClass A Common Stock
2026-02-18Cavorsi Robert (Vice President, Strategy)Buy16,290.00N/AClass A Common Stock
2026-02-18Cavorsi Robert (Vice President, Strategy)Sell5,432.003.84Class A Common Stock
2026-02-18Cavorsi Robert (Vice President, Strategy)Buy53,452.00N/AStock Option (Right to Buy)
2026-02-18Grow Brian (Chief Commercial Officer)Buy234,375.00N/AClass A Common Stock
2026-02-18Grow Brian (Chief Commercial Officer)Buy48,330.00N/AClass A Common Stock
2026-02-18Grow Brian (Chief Commercial Officer)Sell11,768.003.84Class A Common Stock
2026-02-18Grow Brian (Chief Commercial Officer)Buy133,630.00N/AStock Option (Right to Buy)
2026-02-18Gillheeney Gary S. (President and CEO)Buy890,625.00N/AClass A Common Stock
2026-02-18Gillheeney Gary S. (President and CEO)Buy186,968.00N/AClass A Common Stock
2026-02-18Gillheeney Gary S. (President and CEO)Sell90,398.003.84Class A Common Stock
2026-02-18Gillheeney Gary S. (President and CEO)Buy507,795.00N/AStock Option (Right to Buy)
2026-02-18Bilbo Patrick (Chief Operating Officer)Buy210,937.00N/AClass A Common Stock
2026-02-18Bilbo Patrick (Chief Operating Officer)Buy48,612.00N/AClass A Common Stock
2026-02-18Bilbo Patrick (Chief Operating Officer)Sell16,212.003.84Class A Common Stock
2026-02-18Bilbo Patrick (Chief Operating Officer)Buy120,267.00N/AStock Option (Right to Buy)
2026-02-18Driscoll Michael Joseph ()Buy48,828.00N/AClass A Common Stock
2026-02-18Giacomin Jon L ()Buy48,828.00N/AClass A Common Stock
2026-02-18Leibowitz Arthur S ()Buy48,828.00N/AClass A Common Stock
2026-02-18Montecalvo Antonio S. (Vice President, Health Policy)Buy40,625.00N/AClass A Common Stock
2026-02-18Montecalvo Antonio S. (Vice President, Health Policy)Buy11,218.00N/AClass A Common Stock
2026-02-18Montecalvo Antonio S. (Vice President, Health Policy)Sell3,741.003.84Class A Common Stock
2026-02-18Montecalvo Antonio S. (Vice President, Health Policy)Buy23,162.00N/AStock Option (Right to Buy)
2026-02-18Quintero Gilberto ()Buy48,828.00N/AClass A Common Stock
2026-02-18Duraibabu Prathyusha ()Buy48,828.00N/AClass A Common Stock
2026-02-18Lustig Garrett ()Buy48,828.00N/AClass A Common Stock
2026-02-18Korfin Michele Ilene ()Buy48,828.00N/AClass A Common Stock