The CEO's purchase is a modest vote of confidence, but the Secretary's larger sale and the small size relative to market cap suggest no imminent catalyst. Monitor for any subsequent 10b5-1 plan disclosures or earnings-related filings that could clarify the divergence.
Price Chart
Executive Summary
CEO Brad Martz made an open-market purchase of $92K worth of ACIC shares at $9.15, while Secretary Brooke Adler sold $192K worth at $9.06. The CEO's buy is a modest bullish signal, but the larger sale by a non-C-suite insider offsets it, resulting in a mixed cluster with no clear directional edge.
Key Financial Metrics
Key Facts
- CEO Brad Martz purchased 10,000 shares at $9.15 for $91,500 on 2026-09-22 (open-market buy).
- Secretary Brooke Adler sold 21,200 shares at $9.06 for $192,000 on 2026-09-24 (open-market sale).
- Total cluster value: $284K; net direction is mixed with buys of $92K and sells of $192K.
- CEO open-market buy of $92K is below the $100K threshold for automatic bullish scoring but is still a positive signal from top leadership.
- Secretary's sale is larger in dollar value but carries less informational weight than a C-suite sale.
Financial Impact
Total insider activity of $284K is approximately 0.09% of market cap ($326M), falling below the 0.1% materiality threshold.
Risk Factors
- Secretary's sale could indicate non-public concerns, though her role is less central than C-suite.
- CEO's buy is small in absolute terms and may be a routine portfolio adjustment.
- Cluster value is below 0.1% of market cap, limiting materiality.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ACIC-1790367658834 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $11.10 | awaiting T+20 | — | $10.94 (−1.44%) |
Sep 25, 2026 4w ago | Insider Cluster | $9.26 $11.13 | ▲ +20.19% | ▲ +20.23% | $10.94 (+18.14%) |
Sep 24, 2026 4w ago | Insider Buy | $9.40 $11.08 | ▲ +17.87% | ▲ +19.35% | $10.94 (+16.38%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.45 $9.14 | ▲ +3.28% | ▲ +1.30% | $10.94 (−15.77%) |
Aug 5, 2026 11w ago | 8-K | $10.28 $9.54 | ▲ +7.20% | ▲ +7.80% | $10.94 (−6.42%) |
Jun 11, 2026 19w ago | Institutional Cluster | $10.45 $11.17 | ▲ +6.89% | ▲ +5.11% | $10.94 (+4.69%) |
May 15, 2026 23w ago | 8-K | $11.06 $10.56 | ▼ −4.52% | ▼ −6.10% | $10.94 (−1.08%) |
Apr 21, 2026 27w ago | Press Release | $11.68 $11.06 | ▼ −5.31% | ▼ −8.47% | $10.94 (−6.34%) |
Mar 17, 2026 32w ago | Press Release | $11.27 $11.80 | ▲ +4.70% | ▼ −1.34% | $10.94 (−2.93%) |
US Market Status
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