John Steven Emerson, identified as a 10% owner of Coda Octopus Group, Inc. (NASDAQ: CODA), completed a series of stock dispositions on March 11, 2026, according to a regulatory filing. The filing shows Mr. Emerson sold a total of 86,254 shares of common stock, with sale prices ranging from $14.45 to $14.99 per share, producing aggregate proceeds of approximately $1.29 million. The transactions were carried out indirectly through several entities, including the Emerson 1993 Family Trust, Emerson Partners, Jill Meadows IRA, and Alleghany Meadows IRA.
In addition to those sales, Mr. Emerson also transferred 100,000 shares via a gift on the same date. That gift was held indirectly by the Emerson 1993 Family Trust, as reported in the filing.
Holdings after transactions
Following the March 11 moves, Mr. Emerson and related accounts retained significant indirect holdings across multiple accounts. The filing lists the following balances:
- 217,081 shares in the Steven Emerson IRA R/O II
- 350,000 shares in the J. Steven Emerson Roth IRA
- 49,328 shares in the Brian Emerson IRA
- 144,073 shares in the Emerson Family Foundation
- 33,996 shares remaining in the Emerson 1993 Family Trust
- 309,928 shares in Emerson Partners
- 5,286 shares in the Jill Meadows IRA
- 5,286 shares in the Alleghany Meadows IRA
Market context and valuation signals
The insider activity comes against a recent backdrop of strong share performance: CODA shares have returned 106% over the past year. Despite that run, the stock was trading at $12.59 at the time of the filing and carries a price-to-earnings ratio of 34.3. An InvestingPro analysis cited in the filing indicates the shares appear overvalued relative to their Fair Value and notes the company among considerations for the Most Overvalued stocks list. The filing also references a comprehensive Pro Research Report covering CODA and more than 1,400 other U.S. equities for investors seeking additional analysis.
Latest financial results
Separately, Coda Octopus Group, Inc. released financial results for the first quarter of fiscal 2026 that exceeded consensus analyst estimates. The company reported earnings per share of $0.08, beating the expected $0.06, a 33.33% upside versus estimates. Revenue for the quarter reached $6.71 million, ahead of the $6.23 million forecast, representing a 7.7% surprise.
Analysts had forecast lower earnings and revenue, and the reported results show the company outperformed those expectations in the quarter cited. The filing and reported results together provide stakeholders with both transactional transparency and recent operating performance data.
What the record shows
The documentation filed on March 11, 2026, records the sales, the gift, and the updated holdings across the various trusts and retirement accounts tied to Mr. Emerson. It highlights that, despite the dispositions, Mr. Emerson and related entities continue to hold material positions in Coda Octopus through multiple indirect accounts.
Note: The information above is drawn from the filing and the company’s reported results as presented in the referenced documents.