The $3.97M insider selling is trivial relative to AAOI's $9.2B market cap and lacks the concentration or C-suite breadth to signal material concern. Monitor for any upcoming 8-K or earnings pre-announcement, but this cluster alone does not warrant a trading response.
Price Chart
Executive Summary
Two AAOI insiders, including CFO Stefan Murry and director Fred Chang, sold a combined $3.97M in open-market sales over a 7-day window. The CFO's sale at $105.33 is below the cluster average, and the total represents ~0.04% of the $9.2B market cap — well below the 0.1% materiality threshold. Per academic literature, cluster sales are not reliably informative, and the dollar amount is trivial relative to company size, making this a routine liquidity event.
Key Financial Metrics
Key Facts
- CFO Stefan Murry sold 4,000 shares at $105.33 for $421,320 on 2026-09-10
- Director Fred Chang sold 32,172 shares at $110.21 for $3.55M on 2026-09-08
- Total cluster value of $3.97M is ~0.04% of AAOI's $9.2B market cap
- Both sales are open-market (code S) — no 10b5-1 plan indicated in the data
- No insider purchases in the cluster to offset the selling
Financial Impact
Total insider sales of $3.97M represent ~0.04% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if the stock continues its recent run
- No purchases to offset the selling leaves a one-sided signal, albeit a weak one
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AAOI-1789107022127 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Insider Cluster | $103.29 $98.06 | ▼ −5.06% | ▼ −4.56% | $114.82 (+11.16%) |
Aug 12, 2026 7w ago | Insider Cluster | $130.08 $129.10 | ▼ −0.75% | ▲ +1.21% | $114.82 (−11.73%) |
Aug 2, 2026 8w ago | Institutional Cluster | $110.21 $132.81 | ▲ +20.51% | ▲ +18.48% | $114.82 (+4.18%) |
Jun 16, 2026 15w ago | 8-K | $167.34 $146.97 | ▼ −12.17% | ▼ −11.13% | $114.82 (−31.39%) |
Jun 16, 2026 15w ago | Insider Cluster | $167.34 $146.97 | ▼ −12.17% | ▼ −11.13% | $114.82 (−31.39%) |
Jun 8, 2026 16w ago | Insider Cluster | $162.88 $191.55 | ▼ −17.60% | ▼ −15.19% | $114.82 (+29.51%) |
Jun 8, 2026 16w ago | Insider Cluster | $162.88 $191.55 | ▲ +17.60% | ▲ +15.19% | $114.82 (−29.51%) |
Jun 5, 2026 16w ago | 8-K | $196.64 $191.55 | ▼ −2.59% | ▼ −4.70% | $114.82 (−41.61%) |
May 19, 2026 19w ago | Insider Cluster | $165.26 $179.83 | ▼ −8.82% | ▼ −7.58% | $114.82 (+30.52%) |
May 8, 2026 21w ago | DEFA14A | $148.94 $203.57 | ▲ +36.68% | ▲ +35.22% | $114.82 (−22.91%) |
US Market Status
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