{
  "id": 14343484,
  "title": "Ocugen CEO Shankar Musunuri sells $499,691 of company stock",
  "url": "https://urgent.news/2026/10/14/ocugen-ceo-shankar-musunuri-sells-499-691-of-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T01:31:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ocugen-ceo-shankar-musunuri-sells-499691-of-company-stock-93CH-4947848"
  },
  "original_language": "en",
  "account": "Ocugen's CEO Shankar Musunuri sold 525,991 shares of company stock, totaling approximately $499,691. The shares were sold at prices between $0.90 and $0.99, with a weighted average price of $0.95 per share. Musunuri personally disposed of 468,727 shares, bringing his direct ownership down to 4,018,470 shares. Following the transaction, the stock price dropped to $0.89, trading 2% above its 52-week low of $0.87, a 11% decline over the past week. Another 57,264 shares were sold indirectly through KVM Holdings, LLC, of which Musunuri is a member and officer, now owning 1,030,771 shares. These sales were made under a Rule 10b5-1 trading plan, adopted by Musunuri on June 5, 2026. Ocugen reported stronger-than-expected revenue of $1.48 million in Q2 2026, beating expectations of $833,290, but posted a wider-than-anticipated adjusted loss of $0.07 per share. H.C. Wainwright adjusted its price target for Ocugen's stock from $9.50 to $10.00 after the Bahamas approved Ocugen's gene therapy, OCU400, for retinitis pigmentosa. The company held a virtual Special Meeting of Stockholders to extend voting time for an amendment to increase authorized shares by 250 million.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}