Insider Trading February 6, 2026

Glenbrook Capital Increases SenesTech Stake with $15,479 Purchase

Minor open-market buys lift Glenbrook's holdings as SenesTech posts Q3 revenue gain and secures New Zealand approval for Evolve

By Derek Hwang SNES
Glenbrook Capital Increases SenesTech Stake with $15,479 Purchase
SNES

Glenbrook Capital Management, already a roughly 10% holder of SenesTech, Inc. (NASDAQ: SNES), acquired 8,569 additional shares in two open-market transactions valued at $15,479, according to a Form 4 filing. The purchases were split between February 4 and February 5, 2026. Separately, SenesTech reported a 43% rise in revenue for the third quarter of 2025, driven by sales of its rodent fertility control product, and obtained regulatory approval to market Evolve in New Zealand. The company also announced that President and CEO Joel Fruendt will retire once a successor is selected or by June 30, 2026.

Key Points

  • Glenbrook Capital purchased 8,569 SenesTech shares across two trades (Feb 4-5, 2026) totaling $15,479 and now holds 602,354 shares.
  • SenesTech recorded a 43% year-over-year revenue increase in Q3 2025 to $690,000, largely driven by sales of its rodent fertility control product.
  • The Evolve fertility control solution for rodents received regulatory approval in New Zealand with an initial shipment to distributor Evicom, while CEO Joel Fruendt has announced retirement plans effective upon successor appointment or by June 30, 2026.

Glenbrook Capital Management, which owns roughly ten percent of SenesTech, Inc. (NASDAQ: SNES), has modestly raised its equity stake in the pest-control technology company, according to a Form 4 filed with regulators.

The filing shows Glenbrook purchased a total of 8,569 shares of SenesTech common stock across two transactions totaling $15,479. On February 4, 2026, the firm acquired 5,685 shares at $1.8247 per share. On February 5, 2026, Glenbrook added 2,884 shares at $1.7705 per share. After these trades, Glenbrook Capital Management holds 602,354 shares of SenesTech.


Those moves come amid positive operating updates from SenesTech. The company reported a 43% increase in revenue for the third quarter of 2025, with total revenue reaching $690,000. Management attributed that rise primarily to meaningful sales of its rodent birth control product.

Regulatory progress accompanied the revenue gain. SenesTech's Evolve fertility control solution for rodents received approval for use in New Zealand from the Ministry for Primary Industries. Following that authorization, the company shipped an initial order to its distribution partner, Evicom, marking the first commercial entry of Evolve into the New Zealand market.


On the corporate leadership front, SenesTech announced that President and CEO Joel Fruendt plans to retire. Fruendt will remain in his position until a successor has been named or until June 30, 2026, whichever comes first. The company noted that during Fruendt's tenure he oversaw the rollout of Evolve across multiple channels.

Taken together, the insider purchasing activity, quarterly revenue growth, regulatory approval in New Zealand, and the planned CEO transition represent a cluster of developments that could shape near-term company execution. The Glenbrook purchases were small in dollar terms but occurred while SenesTech reported improving top-line results and expanded its geographic reach for Evolve.

Details on future sales trends, distribution progress beyond the initial New Zealand order, and the timeline for appointing a new CEO were not disclosed in the filings and company statements referenced above.


Summary of the factual items reported:

  • Glenbrook Capital Management bought 8,569 shares of SenesTech common stock in two transactions on February 4 and February 5, 2026, totaling $15,479.
  • After the purchases, Glenbrook owns 602,354 shares of SenesTech.
  • SenesTech reported Q3 2025 revenue of $690,000, a 43% increase attributed mainly to rodent birth control product sales.
  • The Evolve product received New Zealand approval from the Ministry for Primary Industries and an initial order was sent to distributor Evicom.
  • President and CEO Joel Fruendt announced plans to retire and will remain in his role until a successor is named or until June 30, 2026.

Risks

  • Leadership transition - The scheduled retirement of President and CEO Joel Fruendt introduces timing and execution uncertainty until a successor is appointed, which could affect corporate strategy and product rollout.
  • Market expansion uncertainty - While Evolve received approval for New Zealand and an initial order was shipped to Evicom, broader commercial traction and distribution outcomes in new markets remain to be demonstrated.
  • Revenue concentration - The recent revenue increase was attributed chiefly to sales of the rodent birth control product, indicating potential sensitivity of near-term results to the performance of a single product line.

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