Insider Trading March 27, 2026

Kopin CEO Disposes of $77,234 in Shares as Company Wrestles with Revenue Shortfall

Michael Andrew Murray sold 33,334 Kopin shares under a 10b5-1 plan amid investor concern over a fourth-quarter revenue miss

By Leila Farooq KOPN
Kopin CEO Disposes of $77,234 in Shares as Company Wrestles with Revenue Shortfall
KOPN

Kopin Corporation CEO Michael Andrew Murray sold 33,334 shares on March 25, 2026, receiving roughly $77,234 under a Rule 10b5-1 trading arrangement. The transaction leaves Murray with 3,124,455 shares directly owned. The sale comes as Kopin reported a fourth-quarter 2025 revenue shortfall and as some analysts view the stock as overvalued relative to current trading levels.

Key Points

  • Kopin CEO Michael Andrew Murray sold 33,334 shares on March 25, 2026 for about $77,234 under a Rule 10b5-1 plan and now directly holds 3,124,455 shares.
  • Kopin reported Q4 2025 revenue of $8.4 million versus analyst expectations of $13.05 million; the company attributes the shortfall largely to an unexpected government shutdown.
  • InvestingPro characterizes the stock as appearing overvalued at current prices, with analyst price targets ranging from $3.25 to $6; the stock trades at $1.99 and has logged a 52% return over the past year despite recent volatility.

Kopin Corporation's chief executive, Michael Andrew Murray, executed a sale of common stock on March 25, 2026, disposing of 33,334 shares for an aggregate amount of about $77,234. The individual share prices in the trade ranged from $2.15 to $2.44. After the transaction, Murray still directly holds 3,124,455 shares in the company.

The trade was carried out pursuant to a Rule 10b5-1 trading plan that Murray adopted on November 24, 2025. That mechanism allows insiders to sell preplanned amounts at specified times under SEC rules when properly established.

At the time of the report, Kopin's stock was trading at $1.99 and the company carried a market capitalization of $349 million. Over the last 12 months the share price has returned 52 percent, a performance noted alongside references to recent volatility in the stock.

Market commentary captured by InvestingPro characterizes the stock as appearing overvalued at current trading levels. Analyst price targets referenced range from $3.25 up to $6. InvestingPro also notes the availability of broader Pro Research Reports that include coverage of KOPN among more than 1,400 U.S. equities.

Separately, Kopin's fourth-quarter 2025 financial results included a revenue figure of $8.4 million, which missed analyst expectations of $13.05 million. The company attributed the shortfall largely to an unexpected government shutdown, a factor cited as materially affecting the quarter's top-line performance. That revenue miss has been highlighted as a concern for investors given the stock's prior volatility.

The sequence of the insider sale, the evaluation from InvestingPro, and the quarterly revenue shortfall collectively form the immediate factual backdrop investors and market observers face when assessing Kopin's near-term position. The company's plans to address the revenue gap and navigate the operational impacts of the government shutdown were not detailed in the transaction notice.


What happened - Kopin CEO Michael Andrew Murray sold 33,334 shares on March 25, 2026 for approximately $77,234 under a Rule 10b5-1 plan. He retains direct ownership of 3,124,455 shares.

Financial context - Kopin reported $8.4 million in revenue for Q4 2025 versus analyst expectations of $13.05 million, with the company citing an unexpected government shutdown as the primary reason for the shortfall. The stock trades at $1.99 with a $349 million market cap and has returned 52 percent over the past year.

Market view - InvestingPro's analysis indicates the stock appears overvalued at current levels, with analyst price targets between $3.25 and $6.

Risks

  • Revenue risk: Kopin's Q4 2025 top line came in at $8.4 million versus a $13.05 million estimate, a shortfall that could pressure investor sentiment and the stock - this impacts equity investors and market participants tracking small-cap tech listings.
  • Operational disruption: The company cited an unexpected government shutdown as a material cause of the revenue miss, highlighting exposure to externally driven interruptions - this affects investors assessing operational and policy-related risks.
  • Valuation uncertainty: InvestingPro's analysis suggests the stock may be overvalued relative to current trading, with analyst targets varying between $3.25 and $6, creating a range of expectations that could affect investor positioning in the stock market.

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