Insider Trading April 21, 2026 02:10 PM

Kopin CEO Disposes $291,368 of Shares, Sells Final Lots Under 10b5-1 Plan

Michael Murray offloads 96,800 shares amid recent revenue shortfall and pronounced stock volatility

By Priya Menon KOPN
Kopin CEO Disposes $291,368 of Shares, Sells Final Lots Under 10b5-1 Plan
KOPN

Kopin Corp CEO Michael Andrew Murray sold 96,800 shares of Kopin common stock on April 17, 2026, generating proceeds of $291,368. The shares were sold under a Rule 10b5-1 trading plan adopted on November 24, 2025, and represent the final transactions under that plan. The sales occurred at prices between $3.00 and $3.06 per share, with a weighted average price of $3.01. Kopin's stock has shown marked volatility recently and is trading below Murray's sale price. The company reported a Q4 2025 revenue miss attributed in part to delays from a U.S. government shutdown, while Craig-Hallum maintained a Buy rating and a $6.00 price target based on expected growth from partnerships and defense spending.

Key Points

  • Kopin CEO Michael Andrew Murray sold 96,800 shares on April 17, 2026, raising $291,368 at a weighted average price of $3.01 under a Rule 10b5-1 plan; these were the final sales under that plan.
  • Kopin reported Q4 2025 revenue of $8.4 million, missing the $13.05 million expectation, with the shortfall attributed largely to delays tied to a U.S. government shutdown - developments that have relevance for government-contracting and defense-related suppliers.
  • Analyst and market signals are mixed: InvestingPro flags a 30% six-month decline and indicates the stock trades above Fair Value, while Craig-Hallum reiterates a Buy rating with a $6.00 target based on expanded partnerships and increased defense spending.

Michael Andrew Murray, who serves as both chief executive officer and a director at Kopin Corporation (NASDAQ: KOPN), completed the sale of 96,800 shares of the company’s common stock on April 17, 2026. The aggregate value of the transactions was $291,368.

The shares changed hands at prices ranging from $3.00 to $3.06 per share, yielding a weighted average price of $3.01. These disposals were executed pursuant to a Rule 10b5-1 trading arrangement that Murray established on November 24, 2025. The company and the filing indicate these trades constitute the final sales under that specific plan.

At the time of the sale, Kopin’s market price has been uneven. Shares are currently quoted at $2.88, which is below the prices at which Murray sold the stock. Market-data analysis from InvestingPro cited in company-related disclosures shows that Kopin’s shares are down about 30% over the past six months, despite posting a 205% gain over the trailing year. InvestingPro data further indicates the stock is trading above its Fair Value and notes that a Pro Research Report is available for further examination.

Following the April 17 transactions, Murray retains direct ownership of 2,771,122 shares of Kopin common stock.

Separately, Kopin released its Q4 2025 financial results, reporting revenue of $8.4 million. That figure fell short of analyst expectations of $13.05 million. Company statements attributed a significant part of the shortfall to delays associated with a U.S. government shutdown. The revenue miss and the timing of the insider sales contribute to a nuanced picture for investors.

On the research front, Craig-Hallum reiterated a Buy rating on Kopin and set a $6.00 price target. The firm’s assessment rests on anticipated growth driven by expanded partnerships and an increase in defense spending. Craig-Hallum specifically highlighted potential revenue streams tied to collaborations with Theon International, Unusual Machines, and Ondas, and suggested that 2026 could be an important year for the company as these engagements and product offerings develop.

Taken together, the insider transaction, the quarterly revenue shortfall, the appraisal from InvestingPro, and the analyst reaffirmation from Craig-Hallum present a mixed outlook for Kopin. The developments create immediate questions around near-term revenue conversion and valuation, while also pointing to possible upside if the cited partnerships and defense-related demand materialize as anticipated.


Note: The information above reflects the disclosed insider transaction, company-reported financials, market-data references, and analyst commentary as stated in company and market disclosures.

Risks

  • Market volatility and recent share-price decline - Kopin’s stock is trading below the levels at which the CEO sold shares and has recorded a 30% decline over six months, which can affect investor sentiment across small-cap technology and defense suppliers.
  • Revenue execution and timing risk - Q4 2025 revenue fell short of expectations, with company statements pointing to delays caused by a U.S. government shutdown, underscoring program-timing and government-contracting risks.
  • Valuation concerns indicated by InvestingPro - the stock is reported as trading above its Fair Value, introducing potential downside if revenue growth or partnership outcomes do not materialize as anticipated.

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