The $3.01M sale by the Chief People Officer is a material insider reduction. Watch for any upcoming earnings pre-announcement or material news that could explain the timing. The lack of any insider buying alongside the sales amplifies the bearish signal.
Price Chart
Executive Summary
Two ADPT insiders sold a combined $3.05M in open-market sales over a 7-day window. The vast majority ($3.01M) came from Chief People Officer Francis Lo, representing a material insider reduction relative to the company's $326M market cap. Chief Commercial Officer Susan Bobulsky's sale was small ($32K) and routine.
Key Financial Metrics
Key Facts
- Total insider sales of $3.05M over 7 days, representing ~0.94% of market cap ($326M)
- Chief People Officer Francis Lo sold $3.01M (107.5K shares at $28.02) on 2026-09-16
- Chief Commercial Officer Susan Bobulsky sold $32K (1,195 shares at $27) on 2026-09-15
- Both sales were open-market (code S) with no indicated 10b5-1 plan
- No insider purchases in the cluster
Financial Impact
Insider sales of $3.05M represent ~0.94% of market cap, a significant reduction by insiders
Risk Factors
- Insider sales may be liquidity-driven or part of a pre-arranged plan not disclosed in the filing
- The company's market cap is small ($326M), making even moderate dollar sales proportionally significant
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ADPT-1789777095951 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 144 | $26.28 | awaiting T+20 | — | $27.95 (+6.35%) |
Oct 5, 2026 21d ago | Insider Cluster | $26.90 | awaiting T+20 | — | $27.95 (+3.90%) |
Sep 25, 2026 4w ago | Press Release | $29.43 $25.51 | ▼ −13.32% | ▼ −11.84% | $27.95 (−5.03%) |
Sep 18, 2026 5w ago | Insider Cluster | $27.86 $23.95 | ▲ +14.03% | ▲ +13.13% | $27.95 (−0.32%) |
Aug 20, 2026 9w ago | Insider Cluster | $25.99 $27.86 | ▲ +7.20% | ▲ +7.72% | $27.95 (+7.54%) |
Aug 19, 2026 9w ago | Insider Cluster | $25.44 $28.55 | ▼ −12.22% | ▼ −12.22% | $27.95 (−9.87%) |
Aug 18, 2026 9w ago | 144 | $25.49 $26.68 | ▲ +4.67% | ▲ +6.19% | $27.95 (+9.65%) |
Aug 17, 2026 10w ago | 144 | $24.56 $27.67 | ▼ −12.66% | ▼ −13.97% | $27.95 (−13.80%) |
Jul 29, 2026 12w ago | Institutional Cluster | $24.18 $26.44 | ▼ −9.35% | ▼ −5.38% | $27.95 (−15.59%) |
Jul 23, 2026 13w ago | Insider Cluster | $22.27 $25.99 | ▲ +16.70% | ▲ +13.08% | $27.95 (+25.51%) |
US Market Status
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