The dollar value is too small to signal a bearish view by directors. Monitor the next Form 4 filings for any C-suite open-market activity, particularly around the Neogenyx Fuels transaction closing or upcoming quarterly earnings. No immediate trading action warranted.
Price Chart
Executive Summary
Two directors, Nickolas Stavropoulos and Jennifer L. Miller, sold a combined ~$292K in AMRC shares on May 15 and May 18, respectively. Miller's sale ($246K) came just after the expiration of her derivative exercises (20,000 shares at $0 and $4.74), and both sales follow the company's entry into an amended LLC agreement for its Neogenyx Fuels subsidiary (filed May 12). The total sales represent ~0.018% of AMRC's $1.6B market cap — well below the 0.1% materiality threshold — and the trades are consistent with routine post-exercise diversification. The cross-filing context (material agreement 7 days prior) is an actuarial amplifier historically, but the absolute dollar amount is too small to reclassify as material.
Key Financial Metrics
Key Facts
- Jennifer L. Miller (Director) sold 7,642 shares at $32.13 for ~$245,537 on May 18, 2026, following derivative exercises of 20,000 shares (10,000 at $0, 10,000 at $4.74).
- Nickolas Stavropoulos (Director) sold 1,355 shares at $34.00 for ~$46,070 on May 15, 2026, following a derivative exercise of 1,355 shares at $0.
- Total open-market sales: ~$291,607, or ~0.018% of AMRC's $1.6B market cap.
- Sales follow the May 12, 2026 filing of an amended LLC agreement for Neogenyx Fuels, a subsidiary — not a direct parent-level event.
- No C-suite officers (CEO, CFO, COO) participated in the sell cluster; both sellers are independent directors.
Financial Impact
Total insider sales of ~$292K, or ~0.018% of market cap — economically trivial.
Risk Factors
- Upcoming quarterly results may disappoint if the Neogenyx deal distracts from core operations.
- Contracted analyst consensus is 72% bullish — if sentiment shifts, the stock could see outsized downside given the tilted buy-side expectations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AMRC-1779232203576 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 12d ago | SC 13G/A | $20.11 $20.09 | ▲ +0.10% | ▲ +0.38% | $18.32 (+8.90%) |
Oct 8, 2026 18d ago | SC 13G | $21.01 $21.33 | ▲ +1.52% | ▲ +0.92% | $18.32 (−12.80%) |
Sep 10, 2026 6w ago | 8-K | $23.78 $22.68 | ▼ −4.63% | ▼ −4.18% | $18.32 (−22.96%) |
Sep 3, 2026 7w ago | GOVT-CONTRACT | $23.15 $23.93 | ▲ +3.37% | ▲ +3.92% | $18.32 (−20.86%) |
Sep 1, 2026 7w ago | Insider Cluster | $22.60 $21.82 | ▼ −3.45% | ▼ −3.90% | $18.32 (−18.94%) |
Aug 27, 2026 8w ago | Insider Cluster | $21.99 $22.12 | ▲ +0.59% | ▲ +0.89% | $18.32 (−16.69%) |
Aug 26, 2026 8w ago | Insider Cluster | $22.91 $21.99 | ▼ −4.02% | ▼ −3.79% | $18.32 (−20.03%) |
Aug 25, 2026 8w ago | Institutional Cluster | $22.07 $22.16 | ▲ +0.41% | ▲ +0.39% | $18.32 (−16.99%) |
Aug 25, 2026 8w ago | GOVT-CONTRACT | $22.16 $22.91 | ▲ +3.38% | ▲ +2.73% | $18.32 (−17.33%) |
Aug 11, 2026 10w ago | Insider Cluster | $27.61 $27.79 | ▲ +0.65% | ▼ −0.05% | $18.32 (−33.65%) |
US Market Status
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