Data I/O (DAIO) — non-binding LOI for IAR IP; director tripled stake; Q2 on Jul 23

**This smells fishy**

From filings and press: on Jul 10, 2026 Data I/O (DAIO) entered a non‑binding letter of intent to acquire embedded software security IP from IAR. The company says Q2 results will be reported on Jul 23, 2026. Per the most recent Form 4, director Steven M. Waszak traded has roughly tripled his stake.

Thoughts?