{
  "id": 5228904,
  "title": "Ethan Allen CEO M. Farooq Kathwari sells $597,804 in stock",
  "url": "https://urgent.news/2026/09/03/ethan-allen-ceo-m-farooq-kathwari-sells-597-804-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T02:47:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ethan-allen-ceo-m-farooq-kathwari-sells-597804-in-stock-93CH-4886948"
  },
  "original_language": "en",
  "account": "On September 2, 2026, M. Farooq Kathwari, CEO of Ethan Allen Interiors Inc., sold a total of $597,804 worth of common stock. He sold 22,811 shares directly at a price of $25.04 per share. Furthermore, multiple trusts managed by Mr. Kathwari also sold shares: 266 shares each from the 2020 Trust FBO Kolhai Gibran Kathwari, 2020 Trust FBO Zavier Irfan Kathwari, 2020 Trust FBO Samantha Maxime Van Puyenbroeck-Kathwari, and 2020 Trust FBO Gabriel Alexander Van Puyenbroeck-Kathwari, for a combined total of 1,066 shares. All sales were executed under a Rule 10b5-1 stock selling plan established by Mr. Kathwari on June 10, 2025, with an effective date of September 15, 2025. This disclosure was made in Ethan Allen's Annual Report on Form 10-K filed on August 22, 2025. Additionally, on the same day, the Irfan Kathwari Foundation sold 16,726 shares of Ethan Allen common stock under the same plan. After these transactions, Mr. Kathwari directly holds 1,465,530 shares of the company's common stock. Indirect holdings comprise 15,364 shares for his spouse and 8,549 shares in a 401(k) plan. Various trusts indirectly hold shares for Mr. Kathwari as well, including 22,081 shares each in the 2020 Trust FBOs for Kolhai Gibran Kathwari, Zavier Irfan Kathwari, Samantha Maxime Van Puyenbroeck-Kathwari, and Gabriel Alexander Van Puyenbroeck-Kathwari. Ethan Allen Interiors Inc. recently reported fiscal fourth-quarter results that fell short of investor expectations, with adjusted earnings of $0.36 per share and revenue of $146.75 million, below the forecasted $0.47 per share and $156.65 million in revenue. The company also announced a $3.00 per share special cash dividend, totaling approximately $76 million, reaffirming its debt-free financial status. Ethan Allen is currently facing a proxy challenge from activist investor Douglas Bergeron, who aims to replace the entire board of directors with individuals skilled in retail technology and digital marketplaces. CEO Kathwari defended the company's focus on long-term retail sales and showroom experiences, contrasting it with digital sales. Following weak order intake in the fourth quarter, investment firm Telsey lowered its price target for Ethan Allen from $24 to $22, retaining a Market Perform rating. The firm also highlighted potential impacts on operating margins due to higher fuel costs. These developments illustrate the ongoing strategic challenges and decisions facing Ethan Allen as it competes in the retail sector.",
  "summary": null,
  "key_points": [
    "M. Farooq Kathwari, Ethan Allen CEO, sold $597,804 in stock on September 2, 2026",
    "Kathwari's sales executed under Rule 10b5-1 plan since June 2025",
    "Irfan Kathwari Foundation sold 16,726 shares under same plan on same day"
  ],
  "editors_take": "CEO M. Farooq Kathwari's sale of $597,804 worth of Ethan Allen stock under a pre-established plan may be seen as a strategic move amid activist investor pressure and weak quarterly results.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Tela Bio CEO Heather Getz buys $8,311 in company stock",
        "url": "https://urgent.news/2026/09/03/tela-bio-ceo-heather-getz-buys-8-311-in-company-stock",
        "published": "2026-09-03T00:15:53.000Z"
      }
    ]
  },
  "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."
}