Artivion Inc. reported a non-discretionary insider sale this week when Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer Lance A. Berry sold 5,178 shares of common stock on March 2, 2026. The shares traded at $38.0249 apiece, producing gross proceeds of $196,892, according to the company filing.
A footnote in the related SEC filing states the transaction was conducted to cover tax withholding obligations resulting from the vesting of restricted stock units and was not a discretionary trade. Following the sale, Berry is recorded as the direct owner of 176,269 shares of Artivion common stock.
The insider sale occurred while Artivion shares were quoted at $38.62, a price that represents a 54% gain over the past 12 months. Market metrics cited in the filing indicate a market capitalization of $1.85 billion and, on InvestingPro's Fair Value analysis, the stock is trading at a price-to-earnings ratio of 182, a level the analysis characterizes as suggesting the shares appear overvalued.
Operationally, Artivion reported a solid fourth quarter for 2025. The company exceeded consensus earnings expectations with an adjusted earnings per share of $0.17, compared with a forecast of $0.06. On revenue, Artivion posted adjusted revenues of $118.3 million, representing an 18.5% year-over-year increase on a constant currency basis after excluding a one-time payment to the Italian government.
That revenue result outpaced both Canaccord Genuity's estimate of $115.6 million and the consensus projection of $116.5 million. Canaccord Genuity retained a Buy rating on the stock but lowered its price target to $48 from $51, pointing to compression in multiples among comparable groups attributed to a recent market sell-off. The firm also noted Artivion's strong performance in key product areas and progress on strategic growth initiatives, even as the filing references that the company slightly missed certain revenue forecasts.
From the perspective of ownership and trading context, the SEC footnote makes clear the insider disposition was tied to tax obligations associated with equity compensation and was not described as a discretionary investment choice. The company-level disclosure paired with the external valuation indicators provides investors with both the immediate mechanics of the sale and a snapshot of recent operating results and market positioning.
Key figures at a glance:
- Shares sold by Lance A. Berry: 5,178
- Sale price per share: $38.0249
- Total proceeds: $196,892
- Shares owned after sale: 176,269
- Recent share price: $38.62
- 12-month return: 54%
- Market cap cited: $1.85 billion
- Reported adjusted Q4 2025 EPS: $0.17 vs. forecast $0.06
- Adjusted Q4 2025 revenues: $118.3 million (18.5% YoY on a constant currency basis, excluding a one-time Italian government payment)
This disclosure offers investors a clear account of an insider transaction tied to equity compensation tax obligations and situates that activity alongside the company’s most recent quarterly performance and outside valuation commentary.