Monitor for any pattern of increasing insider selling in future filings; currently, this cluster is consistent with routine portfolio management by executives and not indicative of material concern.
Price Chart
Executive Summary
Five executive officers at Annexon, Inc. (ANNX) sold shares in a coordinated open-market transaction on March 2, 2026, realizing a combined total of approximately $147,454 in proceeds. All sales were conducted at or near $5.42 per share, representing routine divestitures by C-suite executives. The total value represents less than 0.03% of the company's $650M market cap, indicating minimal economic impact.
Key Financial Metrics
Key Facts
- Five C-suite executives sold shares on the same day (March 2, 2026).
- Total proceeds from sales: $147,454.32 across 27,184 shares.
- Sales were open-market transactions (Form 4 code 'S').
- Average sale price: ~$5.42 per share.
- Total value represents less than 0.03% of ANNX's $650M market capitalization.
Financial Impact
$147,454 in insider selling, representing minimal dilution or financial impact.
Risk Factors
- Potential perception of lack of confidence if selling continues ahead of key catalysts.
- Concentration of timing across multiple executives could raise questions, though not unusual around option vesting or pre-earnings quiet periods.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (5 trades, 7d window) | cluster-ANNX-1772659908673 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | ANALYST-UPGRADE | $5.26 $5.18 | ▼ −1.52% | ▲ +0.44% | $3.75 (−28.71%) |
Aug 12, 2026 10w ago | 8-K | $5.33 $5.50 | ▲ +3.19% | ▲ +3.63% | $3.75 (−29.64%) |
Aug 12, 2026 10w ago | Press Release | $5.33 $5.50 | ▲ +3.19% | ▲ +3.63% | $3.75 (−29.64%) |
Aug 10, 2026 11w ago | 8-K | $5.34 $5.28 | ▼ −1.12% | ▼ −0.72% | $3.75 (−29.78%) |
Aug 7, 2026 11w ago | Institutional Cluster | $5.41 $5.29 | ▼ −2.22% | ▼ −2.62% | $3.75 (−30.68%) |
Aug 6, 2026 11w ago | Press Release | $5.60 $5.26 | ▼ −6.07% | ▼ −7.28% | $3.75 (−33.04%) |
Jul 21, 2026 13w ago | ANALYST-UPGRADE | $5.39 $5.13 | ▼ −4.82% | ▼ −3.60% | $3.75 (−30.43%) |
Jul 14, 2026 14w ago | 144 | $5.55 $5.57 | ▲ +0.36% | ▲ +1.66% | $3.75 (−32.43%) |
Jun 11, 2026 19w ago | Institutional Cluster | $4.70 $4.94 | ▲ +5.11% | ▲ +4.67% | $3.75 (−20.21%) |
May 12, 2026 23w ago | ANALYST-UPGRADE | $5.44 $4.96 | ▲ +8.82% | ▲ +8.90% | $3.75 (+31.07%) |
US Market Status
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