On May 22, 2026, Ashish Arora, who serves as both Chief Executive Officer and Director of Cricut, Inc. (NASDAQ:CRCT) and holds a 10% ownership stake in the company, completed a sale of corporate stock valued at $238,710.
Specifically, Mr. Arora divested 60,000 shares of the company’s Class A Common Stock through multiple transactions. The weighted average price realized across these sales was determined to be $3.9785 per share. The individual sale prices varied within a defined range, falling between $3.9400 and $4.0050, inclusive.
It is important to note that this stock disposition was not an immediate or ad-hoc action; rather, it was executed pursuant to a Rule 10b5-1 trading plan. Mr. Arora formally adopted this specific trading plan on August 20, 2025, providing a structured framework for the sales.
The insider selling news comes alongside recent financial disclosures from Cricut Inc., which reported its earnings for the first quarter of 2026. The company’s performance data revealed that while revenue experienced a slight downturn, profitability was successfully maintained. For Q1 2026, Cricut generated total revenue amounting to $159.5 million. This figure marks a two percent decrease when compared directly to the revenue recorded during the same quarter of the previous year.
Despite the documented reduction in overall sales, Cricut reported achieving a diluted earnings per share (EPS) of $0.10. Market activity following these reports suggested relative stability for the company's stock, with minimal shifts observed in its closing price. Collectively, these recent corporate developments point to an operational ability within Cricut to sustain profitability even when confronted with declining top-line revenue figures.
Following the sale, Mr. Arora’s reported direct ownership of Cricut, Inc.'s common stock stood at 4,341,592 shares.