Entities tied to Digimarc Corp (NASDAQ:DMRC) Chief Executive Officer Riley McCormack have executed a series of common stock sales totaling approximately $1.197 million over a three-day period from June 16 to June 18, 2026. The transactions were conducted at share prices ranging from $9.4622 to $10.9602.
These sales coincide with a period of market weakness for the stock, which has declined 15% over the past week according to InvestingPro data. Shares are currently trading at $9.58. Market data indicates that the stock generally exhibits high price volatility, reflected in a beta of 2.19. Despite this recent weakness, InvestingPro analysis suggests the stock remains undervalued based on its Fair Value assessment.
On June 16, TCM Strategic L.P., an investment manager founded and solely owned by Mr. McCormack, disposed of 69,363 shares. The weighted average price for these shares was $10.8337, with individual trades occurring between $10.50 and $11.355. On the same day, TCM Strategic GP LLC, of which Mr. McCormack serves as the sole manager, sold 3,512 shares at a weighted average price of $10.9602. Trades for this entity ranged from $10.72 to $11.345.
Further sales by TCM Strategic L.P. included 15,003 shares on June 17 at a weighted average price of $10.0464, with trades between $9.85 and $10.79. On June 18, the entity sold its remaining 27,071 shares at a weighted average price of $9.4622, with trades ranging from $9.30 to $9.755.
Separately, on June 16, TCM Strategic Partners L.P. made an in-kind distribution of 2,275,737 shares to its limited partners and general partner for no consideration. The fund also transferred an additional 79,356 shares to TCM Strategic L.P.
Following these transactions, Riley McCormack directly holds 64,659 shares of Digimarc Corp common stock.
In other developments, Digimarc Corporation announced the integration of its AI security tools with major enterprise platforms such as LangChain, Salesforce Agentforce, and Microsoft Copilot Studio. This integration aims to enhance content authenticity verification and compliance processes. Additionally, Digimarc has appointed Paul Carreiro as the new CEO, effective July 6, 2026. Carreiro brings over 25 years of experience in enterprise software, having previously led Elemica and held significant roles at Kinaxis and SAP Industries North America.
The company has also completed a corporate reorganization, resulting in Digimarc Parent, Inc. becoming the publicly traded entity on the Nasdaq Stock Market. This reorganization included a one-for-one exchange of common and preferred stock shares. In a related development, Digimarc Parent, Inc. has officially changed its corporate name to Digimarc Corporation, effective last Thursday. Despite the name change, the company’s trading symbol "DMRC" remains unchanged.
The stock closed at $9.58, up $0.06 or 0.63%. After-hours trading showed a slight decline to $9.55, down $0.03 or 0.31%.