Home / Restatements / PATHWARD FINANCIAL, INC.
Filed 2025-07-02 路 Form 8-K 路 Accession 0000907471-25-000071 small
Price before filing: $81.3 (2025-07-01 close, split/dividend-adjusted)
Market cap at flag: $1.88B (2025-07-02) 路 Latest: $1.58B (2026-10-16)
| Window | CASH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -8.3% | +0.7% | -8.9% | 2025-08-01 |
| 90 days | -9.2% | +8.2% | -17.3% | 2025-09-30 |
| 180 days | -10.3% | +12.0% | -22.3% | 2025-12-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 4 insiders sold $1.4M (4 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-25 | Hajek Douglas J. Director | Sale | 1,850 | $79.26 | $147K | no | Form 4 |
| 2025-04-25 | Pharr Brett L. Chief Executive Officer, Director | Sale | 10,365 | $78.07 | $809K | no | Form 4 |
| 2025-04-25 | Warren Jennifer W. SVP, Chief Accounting Officer | Sale | 1,667 | $77.97 | $130K | no | Form 4 |
| 2025-04-29 | Stork Kendall E Director | Sale | 4,000 | $79.33 | $317K | no | Form 4 |
| 2025-07-02: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-03 to 2025-08-01. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"("Pathward Financial" or the "Company"), after discussion with management and the Company's independent registered public accounting firm, Crowe LLP, concluded that the Company's audited consolidated financial statements as of the fiscal years ended September 30, 2024 and 2023, and for each year in the three fiscal year period ended September 30, 2024 contained in its Annual Reports on Form 10-K, and its unaudited..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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