CEO-led sell cluster without 10b5-1 plan is a bearish signal, though modest in size. Monitor for any upcoming 8-K or press release that could explain the timing — the uniform $11.16 price across all trades suggests a coordinated window. Historical insider buy signals at this company have been highly predictive of upside, but sells have not been tested; treat this as a cautionary data point.
Price Chart
Executive Summary
Four Artiva insiders, including CEO Fred Aslan, sold a total of $912K in shares on September 3, 2026, all at $11.16. The CEO's $690K sale dominates the cluster, representing 0.21% of the company's $326M market cap — a modest but notable insider sell signal.
Key Financial Metrics
Key Facts
- Four insiders sold shares on September 3, 2026, totaling $912K at $11.16 per share.
- CEO Fred Aslan sold 61.9K shares worth $690K, the largest trade in the cluster.
- COO/CLO Jennifer Bush sold 8.4K shares ($94K), CTO Christopher Horan sold 10.4K shares ($116K), CMO Subhashis Banerjee sold 1.1K shares ($12K).
- Total sales represent approximately 0.21% of Artiva's $326M market cap.
- All sales were open-market (code S) with no 10b5-1 plan indicated in the filing.
Financial Impact
$912K in insider sales, 0.21% of market cap
Risk Factors
- CEO selling 0.21% of market cap in open market without a plan could signal lack of confidence in near-term prospects.
- Uniform price and date across all four insiders raises the possibility of a blackout-window opening or other structural timing, which may dilute the informational content.
- Biotech sector volatility could amplify any negative sentiment from insider selling.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ARTV-1788904554210 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 19d ago | 144 | $7.00 | awaiting T+20 | — | $6.04 (−13.71%) |
Sep 11, 2026 6w ago | 8-K | $10.14 $6.77 | ▼ −33.23% | ▼ −35.50% | $6.04 (−40.43%) |
Sep 9, 2026 6w ago | Insider Cluster | $10.42 $6.80 | ▼ −34.74% | ▼ −37.12% | $6.04 (−42.03%) |
Sep 9, 2026 6w ago | Insider Cluster | $10.42 $6.80 | ▼ −34.74% | ▼ −37.12% | $6.04 (−42.03%) |
Sep 9, 2026 6w ago | Insider Cluster | $10.42 $6.80 | ▼ −34.74% | ▼ −37.12% | $6.04 (−42.03%) |
Sep 9, 2026 6w ago | Insider Cluster | $10.42 $6.80 | ▼ −34.74% | ▼ −37.12% | $6.04 (−42.03%) |
Sep 9, 2026 6w ago | Insider Cluster | $10.42 $6.80 | ▲ +34.74% | ▲ +37.12% | $6.04 (+42.03%) |
Sep 4, 2026 7w ago | Insider Cluster | $10.88 $7.27 | ▼ −33.18% | ▼ −35.15% | $6.04 (−44.49%) |
Sep 4, 2026 7w ago | Insider Cluster | $10.88 $7.27 | ▲ +33.18% | ▲ +34.89% | $6.04 (+44.49%) |
Aug 15, 2026 10w ago | Institutional Cluster | $11.74 $8.91 | ▼ −24.11% | ▼ −22.13% | $6.04 (−48.55%) |
US Market Status
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