Insider Selling Hot‑Spot: Seaport Global’s Recent Divestiture
Seaport Global Asset Management LLC (SGAM), managed through its Seaport Group SIBS LLC subsidiary, sold 70,000 shares of Scantech AI Systems Inc. on February 10, 2026 at $0.49 per share, leaving the firm with 731,867 shares. The sale came at a time when the company’s stock has slipped to a Nasdaq 52‑week low of $0.18, a 99.5 % annual decline that has triggered a delisting notice. SGAM’s divestiture is the latest in a string of sales that have steadily reduced its holdings from a peak of 16.7 million shares in October 2025 to just over 732 thousand shares today.
What the Sale Signals for Investors
The timing of SGAM’s exit is notable. After a series of aggressive purchases earlier in 2025—most prominently a 5.35 million‑share buy in mid‑April—the firm began a systematic sell‑off starting in late October. The recent February sale aligns with a broader trend of insider selling that has intensified since the Nasdaq delisting notice, suggesting that the firm is possibly capitalising on a temporary price dip or preparing to liquidate its position before a potential trading suspension. For investors, the sell‑off may be a warning sign that the firm’s confidence in Scantech’s near‑term prospects has weakened. However, the price at which SGAM sold (nearly three times the current market price) indicates that the firm may have viewed the shares as undervalued relative to its earlier purchase price, perhaps anticipating a rebound once the regulatory review concludes.
SGAM’s Historical Transaction Pattern
SGAM’s trading history reveals a “buy‑and‑hold” strategy that gradually transitioned to a “sell‑and‑hold” approach once the company’s valuation plateaued. Between February and April 2025, SGAM accumulated over 15 million shares, buying at as low as $0.01 per share and later adding 5.35 million shares at $0.01 again. The firm also engaged in convertible note and warrant transactions, indicating a willingness to diversify its exposure. Once the share price climbed above $0.70 in October, SGAM began liquidating large blocks—133,628 shares at $0.69 and 125,000 shares at $0.73—followed by a 10,000‑share sale at $0.66. This pattern suggests that SGAM is comfortable selling when the stock trades above its average cost but holds onto the shares once they fall below that threshold.
Implications for Scantech’s Future
Scantech’s market cap of just $1.84 million and its status as a potential delist candidate pose significant risks to long‑term investors. The delisting notice could trigger a liquidity crunch, further depressing the stock price and limiting the company’s ability to raise capital or pursue strategic partnerships. SGAM’s recent divestment, coupled with the broader insider selling, may erode confidence in the company’s management and technology. Nonetheless, the firm’s core technology—advanced security‑inspection systems for critical infrastructure—remains highly relevant, and a favorable regulatory outcome could revive investor sentiment.
Bottom Line
For investors eyeing Scantech AI Systems Inc., the latest insider sale by SGAM is a red flag that should be weighed against the company’s underlying business potential. The firm’s historic buying and selling patterns suggest a cautious but opportunistic approach, and the current market environment may be primed for a swift reversal should the Nasdaq delisting decision be overturned. Until then, the stock’s precarious liquidity and steep decline render it a high‑risk proposition for both new and existing shareholders.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-10 | SEAPORT GLOBAL ASSET MANAGEMENT LLC () | Sell | 70,000.00 | 0.49 | Common Stock, par value $0.0001 per share |
