The CEO's large open-market sale without a disclosed trading plan is a strong bearish signal, especially given the cluster with the CFO. Monitor for upcoming earnings or material news that may have prompted the sales; the next 10-Q filing will clarify if fundamentals are deteriorating.
Price Chart
Executive Summary
Two AAOI insiders, including CEO Chang Hung-Lun (Fred) and CFO Stefan J. Murry, sold a combined $3.97M in open-market sales over a one-week window. The CEO's $3.55M sale is the dominant transaction, representing approximately 1.2% of the company's $326M market cap — a material insider sell signal. CFO's $421K sale adds to the bearish cluster, with no indication of 10b5-1 plan use.
Key Financial Metrics
Key Facts
- CEO Chang Hung-Lun (Fred) sold 32,200 shares at $110.21 for $3.55M on 2026-09-08
- CFO Stefan J. Murry sold 4,000 shares at $105.33 for $421K on 2026-09-10
- Total insider sales of $3.97M represent ~1.2% of AAOI's $326M market cap
- Both sales are open-market (code S) with no 10b5-1 plan indicated
- CEO sale alone is 0.9% of market cap — above the 0.5% materiality threshold
Financial Impact
Total insider sales of $3.97M, or ~1.2% of market cap, concentrated in CEO and CFO
Risk Factors
- CEO selling a material stake may signal lack of confidence in near-term prospects
- Cluster sales by top executives increase risk of negative news or earnings miss
- Stock may face selling pressure as market interprets insider activity
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AAOI-1789708654123 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $68.07 | awaiting T+20 | — | $71.94 (+5.69%) |
Oct 15, 2026 11d ago | Press Release | $75.57 | awaiting T+20 | — | $71.94 (−4.80%) |
Sep 10, 2026 6w ago | Insider Cluster | $105.36 $109.64 | ▲ +4.06% | ▲ +2.19% | $71.94 (−31.72%) |
Sep 10, 2026 6w ago | Insider Cluster | $105.36 $109.64 | ▼ −4.06% | ▼ −1.94% | $71.94 (+31.72%) |
Aug 12, 2026 10w ago | Insider Cluster | $130.08 $105.36 | ▼ −19.00% | ▼ −17.26% | $71.94 (−44.70%) |
Aug 1, 2026 12w ago | Institutional Cluster | $110.21 $107.69 | ▼ −2.29% | ▼ −3.52% | $71.94 (−34.72%) |
Jun 16, 2026 18w ago | 8-K | $167.34 $100.24 | ▼ −40.10% | ▼ −41.42% | $71.94 (−57.01%) |
Jun 16, 2026 18w ago | Insider Cluster | $167.34 $100.24 | ▼ −40.10% | ▼ −41.42% | $71.94 (−57.01%) |
Jun 8, 2026 20w ago | Insider Cluster | $162.88 $114.41 | ▲ +29.76% | ▲ +31.20% | $71.94 (+55.83%) |
Jun 8, 2026 20w ago | Insider Cluster | $162.88 $114.41 | ▼ −29.76% | ▼ −31.20% | $71.94 (−55.83%) |
US Market Status
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