Insider sales are trivial in size and involve only directors, not C-suite. Per academic literature, cluster sales are not informative signals. No tradeable edge here — ignore this filing.
Price Chart
Executive Summary
Two ACTG directors sold a combined $196K in open-market sales over a 7-day window, representing 0.04% of the $444M market cap. The dollar amount is trivial relative to company size, making this a routine liquidity-driven event with no material information content.
Key Financial Metrics
Key Facts
- Director Maureen O'Connell sold 10,000 shares at $4.60 for $46K on 2026-08-19
- Director Isaac T. Kohlberg sold 32,200 shares at $4.67 for $150K on 2026-08-12
- Total cluster value of $196K equals 0.04% of ACTG's $444M market cap
- Both transactions are open-market sales by directors, not C-suite executives
- No insider purchases occurred in the cluster window
Financial Impact
$196K total insider sales, 0.04% of market cap
Risk Factors
- None from this filing — activity is immaterial
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ACTG-1787268228788 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $4.51 $4.36 | ▼ −3.33% | ▼ −2.80% | $4.34 (−3.77%) |
Aug 5, 2026 8w ago | 8-K | $4.54 $4.63 | ▲ +1.98% | ▲ +2.58% | $4.34 (−4.41%) |
May 7, 2026 21w ago | 8-K | $4.71 $4.64 | ▲ +1.49% | ▲ +4.62% | $4.34 (+7.86%) |
US Market Status
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