Two directors combined for $7M on Aug 20 — a genuine 2-insider cluster and a huge absolute size in a $270M micro-cap water utility with 72% gross margins and 25% revenue growth. But it's director-only (no C-suite), only 5% ΔOwn, and the setup is bad: RSI 80 overbought, 43% off the 52w low after a 28% 20-day run, in a sector lagging SPY by 6.4%. Small watchlist-grade position only — the money is real but you're chasing an extended chart.
Watch: No C-suite (directors only); RSI 80.2 overbought, extended 43% off 52w low; negative FCF, thin cash vs $142M debt; sector lagging SPY.