Insider Cluster (6 insiders) ·Filed Mar 3, 2026

ANIP

ANI PHARMACEUTICALS INC
NEUTRAL
Impact 5/10
Horizondays Processed6mo ago
Insider cluster: 3 insiders, $0.7M total
Actionable Insight • Neutral

The activity is largely driven by routine tax settlements following equity vesting, which is common and not necessarily indicative of negative sentiment. However, the size of the open-market sales by two executives warrants monitoring for potential follow-up transactions or commentary around corporate performance.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
ANIP ▲ +7.44% at T+60d
NEUTRAL call ✓ call won +7.44% · α vs SPY -2.88% · entry $76.10 → $81.76
Entry anchored
Mar 2, 03:59 PM ET
via exchange tick
T+1d
+0.56%
call +0.56% · α -0.20%
$76.53
settled 7mo ago
T+5d
-0.18%
call -0.18% · α +0.29%
$75.96
settled 7mo ago
T+20d
+1.05%
call +1.05% · α +5.45%
$76.90
settled 6mo ago
T+60d
+7.44%
call +7.44% · α -2.88%
$81.76
settled 4mo ago

Price Chart

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Executive Summary

Multiple executives at ANI Pharmaceuticals, including the CEO, CFO, and other senior leaders, engaged in tax-related share withholdings and open-market sales over the past week. The total value of transactions exceeds $2.6 million, with $913,092 in open-market sales and $1.7 million in tax withholding dispositions.

Key Financial Metrics

Direction
selling
Total Value
$2.7M
Insiders
6

Key Facts

  • CEO Nikhil Lalwani surrendered 17,060 shares ($1.26M) for tax withholding.
  • CFO Stephen Carey and other SVPs also surrendered shares for tax purposes, totaling $1.7M across four executives.
  • Two executives, Christopher Mutz and Krista Davis, conducted open-market sales totaling $913,092.
  • All open-market sales occurred at prices between $74.13 and $75.00.
  • No purchases or positive transactions were reported.

Financial Impact

$2.6M total insider activity over 7 days, including $913K in open-market sales and $1.7M in tax-related share dispositions

insider ownershipshare count

Risk Factors

  • Perception of insider selling could weigh on investor sentiment, especially given the high dollar volume.
  • Absence of any insider buying may signal lack of near-term confidence, though not conclusive.

Market Snapshot

Exchange
Nasdaq

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (8 trades, 7d window)cluster-ANIP-1773173388948
21 reports for ANIP
Performance horizon
43% Hit rate 3 of 7 directional calls best @ T+60▲ +8.88%Apr 8, 2026
Filters
Rows
Reports for ANIP — sortable, filterable
TypeNow
Sep 15, 2026
17d ago
Insider Cluster
NEUTRAL ★ 2/10
$72.11 $77.91▲ +8.04%▲ +7.23%$71.97 (−0.19%)
Sep 1, 2026
4w ago
Insider Cluster
NEUTRAL ★ 3/10
$73.06 $71.46▼ −2.19%▼ −1.23%$71.97 (−1.49%)
Aug 24, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$74.17 $73.25▼ −1.24%▼ −1.71%$71.97 (−2.97%)
Aug 13, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$74.77 $77.32▲ +3.41%▲ +5.37%$71.97 (−3.74%)
Aug 7, 2026
8w ago
8-K
BULLISH ★ 6/10
$78.25 $76.54▼ −2.19%▼ −2.58%$71.97 (−8.03%)
Jul 16, 2026
11w ago
Court Ruling
NEUTRAL ★ 2/10
$81.92 $78.53▼ −4.14%▼ −2.47%$71.97 (−12.15%)
Jul 13, 2026
11w ago
Press Release
BULLISH ★ 6/10
$81.08 $79.20▼ −2.32%▼ −1.53%$71.97 (−11.24%)
Jun 15, 2026
15w ago
Insider Cluster
NEUTRAL ★ 2/10
$83.00 $82.94▼ −0.07%▲ +2.16%$71.97 (−13.29%)
Jun 11, 2026
16w ago
Insider Cluster
NEUTRAL ★ 3/10
$81.65 $80.52▼ −1.38%▼ −1.82%$71.97 (−11.86%)
May 21, 2026
19w ago
8-K
NEUTRAL ★ 3/10
$82.72 $76.71▼ −7.27%▼ −8.92%$71.97 (−13.00%)
Showing 10 of 21

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Report published Mar 10, 2026