Streamex Corp (OTC:STEX) disclosed a sale of company stock by Chief Executive Officer Karl Henry Michael McPhie on April 14, 2026. McPhie sold 30,611 shares of common stock at $1.07 per share, generating $32,753 in proceeds.
The company said the disposition followed a January 8, 2026 grant of 1,000,000 restricted stock units (RSUs), portions of which vested. Streamex reported that the shares were sold specifically to satisfy tax obligations that arose from the vesting of those RSUs.
After the transaction, McPhie is recorded as directly owning 969,389 shares of Streamex common stock, which represents roughly 5.7% of the company’s $18.96 million market capitalization.
Streamex's share price has been volatile. The stock currently trades at $1.11 and carries a beta of 1.9. InvestingPro data cited by the company shows a six-month decline of 78.69%, while the stock remains up 91.38% on a year-over-year basis. InvestingPro subscribers have access to additional tips on STEX, including analysis related to profitability and cash flow measures.
In a separate set of corporate developments, Streamex closed an underwritten public offering that raised $40.25 million at a $3.00 per share offering price. The underwriters fully exercised their over-allotment option, bringing the total to approximately $50 million in cash on the company's balance sheet. Management indicated the proceeds were used to eliminate all outstanding debt.
The company also addressed and refuted alleged misinformation regarding lock-up agreements, clarifying that its executive officers and directors did not hold securities subject to such agreements.
On the leadership front, Streamex named Christine Plummer as Chief Financial Officer; Plummer's background includes prior roles at Coinbase, Morgan Stanley, and MSCI Inc. The company additionally added Shawn Matthews, former CEO of Cantor Fitzgerald & Co., to its Board of Directors as an independent director.
These transactions and corporate moves mark notable shifts in Streamex's financial and governance profile: a tax-driven insider share sale, a sizable equity raise that removed debt and left material cash reserves, and two senior appointments to finance and board leadership.