Director Sun Kang of Amprius Technologies (NASDAQ: AMPX) disposed of 217,869 shares of common stock on March 23, 2026, across two separate trades, for an aggregate value of approximately $4.1 million.
The sales were executed at weighted average prices spanning $17.89 to $19.36 per share. The first transaction accounted for 152,823 shares sold at an average price of $18.6863. The second transaction involved 65,046 shares sold at an average price of $19.0589. The reported volume and pricing place the combined proceeds near $4.1 million.
Following these transactions, Sun Kang continues to hold equity positions in Amprius both directly and indirectly. Indirect holdings include 177,858 shares held through the KANG & CECILLIA SUN FAMILY REVOCABLE TRUST. Direct holdings total 1,342,400 shares, which include 1,159,385 restricted stock units.
The reported trades were carried out under a pre-arranged Rule 10b5-1 trading plan that the director adopted on August 18, 2025.
These insider sales come as Amprius shares have experienced significant appreciation over the past year, delivering a 438% return year-over-year, though the stock has eased by about 8% in the past week from its 52-week high of $19.76.
On the operational and financial front, Amprius disclosed fourth-quarter 2025 results that outperformed analyst expectations. The company posted an earnings per share (EPS) of negative $0.01, which was better than the forecasted negative $0.05. Revenue for the quarter reached a record $25.2 million, topping the anticipated $24.5 million.
Market participants and research firms responded to the quarterly results with upward revisions to price targets. Craig-Hallum lifted its price target on Amprius from $17 to $21 and maintained a Buy rating. Cantor Fitzgerald raised its price target from $16 to $20, citing strong execution against growing demand.
Amprius also reported commercial and government wins in recent periods. The company said it added more than 100 new customers and secured a material contract with Nokia Drone Networks. In the government arena, Amprius expanded its Defense Innovation Unit contract from $10.5 million to $14.8 million.
Separately, Kensington Capital Acquisition Corp. VI completed its $230 million initial public offering on the New York Stock Exchange.
The combination of notable insider selling, a highly volatile share performance over the prior year, and recent operational progress sets a mixed backdrop for investors evaluating Amprius. The company has reported improved results and contract wins, while an ongoing negative EPS and short-term price pullback reflect continuing transition dynamics for the business.