Yeti has announced a secondary offering of 15 million shares by the Seiders family and some of its shareholders. It’s the third time that insiders have sold large batches of shares since the American maker of camping coolers and drinkware went public in 2018. The latest offering came after Yeti’s share price rebounded after the publication of excellent results in the first quarter. Sales went up by 12 percent to $174.4 million, with a rise of 29 percent in the direct-to-consumer channel, and the gross margin expanded by 3.7 percentage points to 53.0 percent. The adjusted Ebitda margin grew to 13.7 percent from 12.5 percent. The second quarter will not be as good. Wholesale revenues were down by 43 percent in the last two weeks of the quarter and Yeti closed all its retail stores in the U.S. because of Covid-19, but the company said it did not suffer any disruption in the supply chain.