The sales are routine and liquidity-driven, not a bearish signal. Monitor for any material news (earnings, guidance, M&A) that could explain a larger pattern, but standalone this cluster has no actionable trading implication.
Price Chart
Executive Summary
Two AAON insiders sold a combined $3.39M in open-market shares on May 26, 2026, with Director Fields executing a same-day derivative exercise and sale. The sales represent ~0.03% of AAON's $11.5B market cap, a trivial amount. Both sales coincided with option exercises, suggesting liquidity-driven diversification rather than a bearish signal. The cluster is amplified by cross-filing context (cluster-insider-trades + cluster-press-context), but the dollar magnitude is immaterial relative to company size.
Key Financial Metrics
Key Facts
- Director Fields sold 21,173 shares at $140.34 for $2.97M, simultaneously exercising options at $48.91
- EVP Wichman sold 3,000 shares at $140.39 for $421K, simultaneously exercising options at $27.58
- Total open-market sales of $3.39M represent ~0.03% of AAON's $11.5B market cap
- Both sales were same-day derivative exercises, consistent with tax-efficient diversification
- No open-market purchases occurred in the cluster window
Financial Impact
Total insider sales of $3.39M, immaterial relative to $11.5B market cap
Risk Factors
- If additional insiders begin selling without option exercises, could signal deteriorating fundamentals
- The cross-filing amplifier suggests insider trades combined with press context have historically been more informative, but the dollar amount here is too small to act on
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AAON-1780353204071 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | 8-K | $75.87 $79.40 | ▲ +4.65% | ▲ +4.54% | $84.43 (+11.28%) |
Aug 13, 2026 7w ago | Press Release | $87.67 $80.84 | ▼ −7.79% | ▼ −5.83% | $84.43 (−3.70%) |
Aug 10, 2026 7w ago | 8-K | $89.24 $88.09 | ▼ −1.29% | ▼ −1.24% | $84.43 (−5.39%) |
Jul 31, 2026 9w ago | Institutional Cluster | $89.06 $94.83 | ▲ +6.48% | ▲ +2.97% | $84.43 (−5.20%) |
Jul 30, 2026 9w ago | 8-K | $87.59 $90.28 | ▲ +3.07% | ▼ −0.55% | $84.43 (−3.61%) |
Jul 23, 2026 10w ago | ANALYST-UPGRADE | $107.68 $87.59 | ▼ −18.66% | ▼ −19.13% | $84.43 (−21.59%) |
Jun 8, 2026 16w ago | 8-K | $132.05 $131.26 | ▼ −0.60% | ▼ −2.71% | $84.43 (−36.06%) |
Jun 5, 2026 17w ago | Insider Cluster | $132.62 $127.19 | ▼ −4.09% | ▼ −4.66% | $84.43 (−36.34%) |
May 27, 2026 18w ago | Insider Cluster | $139.54 $143.50 | ▲ +2.84% | ▲ +1.63% | $84.43 (−39.49%) |
May 27, 2026 18w ago | Insider Cluster | $139.54 $143.50 | ▲ +2.84% | ▲ +1.63% | $84.43 (−39.49%) |
US Market Status
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