Datavault AI Faces Class Action Over Alleged Insider Stock Sales

The complaint alleges that Datavault AI executives misled shareholders by inflating the value of corporate partnerships and concealing minimal trading activity on the company's platform. Levi & Korsinsky, LLP represents the plaintiffs, asserting that senior leadership exercised control over public disclosures while simultaneously offloading significant personal holdings. According to the filing, insiders sold over 38 million shares for proceeds exceeding $73.8 million during the class period.

The litigation targets former CEO and current CFO Brett Moyer, former CEO Nathaniel T. Bradley, and former Chief Accounting Officer Gary Williams. Prosecutors claim these individuals failed to disclose critical risk factors, including the regulatory and criminal histories of company leadership, while certifying the accuracy of financial reports under the Sarbanes-Oxley Act. Following reports that questioned the legitimacy of partnerships with firms like Burke and Scilex, Datavault AI shares dropped 19.44% on October 31, 2025, closing at $2.03 per share.