The insider sales are trivial in dollar terms and likely liquidity/vesting-driven (single CCO sale plus a small cluster) — no bearish read-through.
Price Chart
Executive Summary
Insider cluster at Aquestive (AQST) is dominated by a single open-market SELL from CCO Sherry Korczynski ($46K) plus a small $166K cluster of 2 sales in the last 30 days — both immaterial relative to the company's ~$326M market cap (~0.05% combined). The cluster is small, includes a C-suite officer, and shows no buying. Per the asymmetric calibration, insider sells are weak predictors (often liquidity/vesting-driven), and this cluster is too small to move the stock.
Key Financial Metrics
Key Facts
- CCO Sherry Korczynski sold 8.8K shares at $5.22 for ~$46K on 2026-09-09 (open-market sale, code S).
- Total insider activity in the last 30 days: 2 sells totaling ~$166K — under 0.1% of the ~$326M market cap, well below the materiality threshold.
- No insider purchases in the cluster; no C-suite buys to offset the sales.
- Analyst consensus is 93% bullish (4 Strong Buy, 10 Buy, 1 Hold), but insider activity shows no buying to confirm.
- Institutional 13F shows mixed positioning: 4 adds, 10 trims, 5 doubled, 1 near-exit — no clear accumulation signal.
Financial Impact
~$166K total insider sales over 30 days, ~0.05% of market cap — immaterial
Risk Factors
- Insider sales, though small, could precede a broader sell-off if the stock has run up — but no evidence of that here.
- No insider buying means management is not signaling conviction at current levels.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AQST-1789581676140 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $4.06 $4.13 | ▲ +1.72% | ▲ +2.74% | $3.97 (−2.22%) |
Oct 15, 2026 11d ago | Press Release | $4.06 $4.13 | ▲ +1.72% | ▲ +2.74% | $3.97 (−2.22%) |
Oct 14, 2026 12d ago | 8-K | $4.61 $4.08 | ▼ −11.50% | ▼ −11.95% | $3.97 (−13.88%) |
Oct 7, 2026 19d ago | SC 13G | $4.62 $4.61 | ▼ −0.22% | ▲ +0.76% | $3.97 (−14.07%) |
Oct 7, 2026 19d ago | SC 13G/A | $4.62 $4.61 | ▲ +0.22% | ▼ −0.76% | $3.97 (+14.07%) |
Sep 29, 2026 27d ago | 8-K | $4.67 $4.61 | ▼ −1.28% | ▼ −3.23% | $3.97 (−14.99%) |
Sep 25, 2026 4w ago | 8-K | $4.68 $4.55 | ▼ −2.78% | ▼ −2.56% | $3.97 (−15.17%) |
Sep 17, 2026 5w ago | 8-K | $4.66 $4.82 | ▲ +3.43% | ▲ +2.83% | $3.97 (−14.81%) |
Sep 16, 2026 5w ago | Insider Cluster | $4.82 $4.70 | ▼ −2.49% | ▼ −5.05% | $3.97 (−17.63%) |
Aug 15, 2026 10w ago | Institutional Cluster | $4.29 $4.80 | ▲ +11.89% | ▲ +13.08% | $3.97 (−7.46%) |
US Market Status
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