The CEO and President both sold large blocks at ~$12.68-$13.00, near recent highs. With no 10b5-1 plan disclosed, these are discretionary sales by insiders with the deepest knowledge of the business. Watch for the next quarterly filing (10-Q) or any pre-announcement — this cluster often precedes negative news or a guidance revision.
Price Chart
Executive Summary
CEO John Kao and President Dawn Maroney sold a combined ~$8.68M in open-market ALHC shares over a 5-day window (Sep 10-14, 2026). The CEO's two sales total ~$7.12M, and the President's single sale is ~$1.56M. These are material, non-plan open-market sales by top executives, representing ~0.6% of ALHC's ~$1.3B market cap — a significant insider cluster that typically signals bearish conviction.
Key Financial Metrics
Key Facts
- CEO John Kao sold 557,870 shares total across two open-market sales on Sep 10 and Sep 11, netting ~$7.12M
- President Dawn Maroney sold 122,707 shares open-market on Sep 11, netting ~$1.56M
- Total insider selling of ~$8.68M represents ~0.6% of ALHC's market cap — above the 0.5% materiality threshold
- No 10b5-1 plan indication on any of the three trades — these are discretionary open-market sales
- Cluster is concentrated in the two most senior executives (CEO and President), amplifying the bearish signal
Financial Impact
~$8.68M in insider selling, ~0.6% of market cap
Risk Factors
- Insiders may be selling for personal diversification or tax planning, not due to fundamental concerns
- ALHC's stock has been volatile (down ~32% in 20 days per prior neutral report) — selling could be locking in gains after a bounce
- No concurrent Form 4 filings for buys by other insiders to offset the bearish signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ALHC-1789595910147 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $8.44 $8.43 | ▼ −0.12% | ▲ +1.06% | $7.84 (−7.17%) |
Oct 19, 2026 8d ago | Press Release | $8.40 $8.51 | ▲ +1.31% | ▲ +0.97% | $7.84 (−6.73%) |
Oct 8, 2026 18d ago | 8-K | $7.55 $8.09 | ▼ −7.22% | ▼ −7.28% | $7.84 (−3.84%) |
Oct 5, 2026 22d ago | SC 13G/A | $8.50 $8.37 | ▼ −1.53% | ▼ −2.08% | $7.84 (−7.82%) |
Sep 18, 2026 5w ago | Insider Cluster | $8.33 $7.99 | ▲ +4.08% | ▲ +4.07% | $7.84 (+5.94%) |
Sep 16, 2026 5w ago | Insider Cluster | $8.70 $8.35 | ▲ +4.02% | ▲ +3.90% | $7.84 (+9.94%) |
Sep 16, 2026 5w ago | 144 | $8.70 $8.35 | ▼ −4.02% | ▼ −3.90% | $7.84 (−9.94%) |
Sep 11, 2026 6w ago | Insider Cluster | $12.94 $10.37 | ▲ +19.86% | ▲ +19.40% | $7.84 (+39.45%) |
Sep 9, 2026 6w ago | 144 | $12.76 $12.61 | ▼ −1.18% | ▼ −2.03% | $7.84 (−38.60%) |
Aug 5, 2026 11w ago | Institutional Cluster | $13.38 $14.37 | ▲ +7.40% | ▲ +6.79% | $7.84 (−41.44%) |
US Market Status
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