Robert William Bennett, who formerly served as chief executive officer and remains a director of Innovative Food Holdings INC (NASDAQ: IVFH), sold a total of 1,971,340 shares of the company's common stock over a two-week period in January 2026, according to transaction details filed for that period. The aggregate proceeds from those dispositions were approximately $703,363, with execution prices spanning $0.30 to $0.47 per share.
The largest single tranche occurred on January 6, when Bennett sold 1,500,000 shares at $0.30 per share. Over the subsequent trading days, from January 8 through January 21, he sold an additional 471,340 shares at weighted average prices ranging between $0.38 and $0.46.
The later sales are broken down by date and size as follows:
- January 8: 256,833 shares at $0.40 and 20,500 shares at $0.38
- January 9: 59,567 shares at $0.39 and 30,000 shares at $0.39
- January 12: 40,000 shares at $0.41
- January 13: 70,000 shares at $0.43 and 35,000 shares at $0.47
- January 14: 3,130 shares at $0.43
- January 15: 28,900 shares at $0.46
- January 16: 22,500 shares at $0.43 and 19,410 shares at $0.43
- January 20: 2,600 shares at $0.43
- January 21: 26,000 shares at $0.43
Following the completion of these transactions, Bennett is recorded as directly owning 377,571 shares of Innovative Food Holdings. The filings also state that his spouse owns 0 shares, and Bennett disclaims beneficial ownership of any such shares.
Separately, Innovative Food Holdings released its third-quarter 2025 financial results, which presented mixed signals about the business's near-term trajectory. Quarterly revenue totaled $16.4 million, an increase of 3.5% compared with the same period the prior year. Despite this top-line growth, adjusted EBITDA contracted to $321,000 from $1.0 million in the year-ago quarter. The company and observers cited the decline in adjusted EBITDA as evidence of difficulties in sustaining profitability.
Those financial dynamics were described against a backdrop of broader market conditions that are influencing the company’s performance. The juxtaposition of modest revenue expansion and a marked reduction in adjusted EBITDA frames a period of challenge for the company as it aims to stabilize margins in coming quarters. Investors and market participants are likely to monitor subsequent results and disclosures to assess whether the company can restore or improve profitability.
No additional statements or explanations for the insider sales or the quarterly results were provided in the information reviewed. The available filings document the share sales, the specific execution prices and dates, and the post-sale ownership position, along with the headline revenue and adjusted EBITDA figures for the third quarter of 2025.
Clear summary: Between January 6 and January 21, 2026, former CEO and director Robert William Bennett sold 1,971,340 shares of Innovative Food Holdings INC for roughly $703,363, at prices between $0.30 and $0.47 per share. After these transactions he owns 377,571 shares. The company reported Q3 2025 revenue of $16.4 million, up 3.5% year over year, while adjusted EBITDA declined to $321,000 from $1.0 million a year earlier, indicating pressure on profitability amid broader market conditions.
Key points:
- Bennett sold 1,971,340 shares between January 6 and January 21, 2026, receiving about $703,363 in gross proceeds.
- Prices for the sales ranged from $0.30 to $0.47 per share, with the largest block of 1,500,000 shares sold on January 6 at $0.30 each.
- Innovative Food Holdings reported Q3 2025 revenue of $16.4 million, a 3.5% increase year over year, while adjusted EBITDA fell to $321,000 from $1.0 million the prior year.
Risks and uncertainties:
- Post-sale ownership: Following the transactions, Bennett directly holds 377,571 shares; the reduction in his holdings is a factual change in insider ownership.
- Profitability pressure: The decline in adjusted EBITDA from $1.0 million to $321,000 signals challenges in maintaining profitability for the quarter reported.
- Market influences: The company’s financial dynamics were described as occurring amid broader market conditions, which may continue to affect results going forward.