Directors exercising options and immediately selling is a common pattern for tax/planning purposes, and the dollar amount is immaterial relative to market cap. However, the proximity to the Neogenyx Fuels deal filing means these insiders were informed of the transaction before selling. With no C-suite participation and the deal filing already public, this cluster does not signal deterioration. Monitor the next earnings call for Neogenyx Fuels financial impact; if the deal triggers a capital raise or restructuring, re-evaluate.
Price Chart
Executive Summary
Three directors exercised and immediately sold shares totaling $595K in open-market sales (net direction SELL) within days of Ameresco signing a material agreement for Neogenyx Fuels LLC on May 12. The sales follow a pattern of option exercises and same-day disposals; while the dollar amount is modest relative to the $1.6B market cap (~0.04%), the timing near a newly signed LLC deal warrants attention. The cluster is rated neutral given the small scale and lack of C-suite selling.
Key Financial Metrics
Key Facts
- Three directors (Wisneski, Miller, Stavropoulos) sold an aggregate 18,997 shares for total proceeds of ~$595K in open-market sales between May 15 and May 19, 2026.
- All three directors exercised stock options (non-cash events) immediately before their sales, indicating routine option exercise-and-sell transactions rather than pure open-market disposition.
- Total sales represent ~0.04% of Ameresco's $1.6B market cap — trivial in proportionality terms.
- Sales occurred within 7 days of Ameresco's May 12, 2026 filing of an amended LLC agreement for Neogenyx Fuels, a material agreement (8-K Items 1.01, 2.01, 9.01).
- No C-suite executives (CEO, CFO, COO) participated in selling during this cluster.
- The 8-K material agreement (Neogenyx Fuels LLC) was filed on May 12, and director sales began May 15 — insiders were aware of the deal before selling.
Financial Impact
~$595K in director-level sales, 0.04% of $1.6B market cap
Risk Factors
- Insider cluster within 7 days of material agreement (Neogenyx Fuels LLC) insiders were informed of — timing risk if deal terms were adverse and directors de-risked personal holdings.
- Low confidence because actual 8-K agreement text was truncated — material terms, deal size, and financial impact of Neogenyx Fuels are unknown from this filing.
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-1779368447095 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d 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 9w 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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