The broad C-suite and director selling, combined with a recent director sale at higher prices, suggests insiders may be reducing exposure ahead of a potential negative catalyst or see limited near-term upside. Monitor for any upcoming 8-K filings, earnings pre-announcements, or regulatory developments. The cluster's modest size relative to market cap limits the bearish signal's magnitude, but the breadth of participants warrants attention.
Price Chart
Executive Summary
A cluster of 7 Anterix insiders, including the CEO, CFO, and Chief Regulatory Officer, sold a total of $3.41M in open-market shares over an 8-day window in mid-June 2026. While the dollar amount is modest relative to the $1.8B market cap (~0.19%), the participation of the entire C-suite and multiple directors in a coordinated selling pattern is notable.
Key Financial Metrics
Key Facts
- 7 insiders sold $3.41M in open-market shares from June 11-18, 2026.
- Participants include CEO Lang Scott A., CFO Marquez Elena, and Chief Regulatory Officer Guttman-McCabe Christopher.
- Total sales represent ~0.19% of the $1.8B market cap, a modest but notable proportion.
- Director Thomas Kuhn also sold $888K in open-market shares on Aug 24, 2026, extending the selling pattern.
Financial Impact
Total insider sales of $3.41M represent ~0.19% of market cap, with the largest single sale being $1.73M by the Chief Regulatory Officer.
Risk Factors
- Insider sales may be driven by routine portfolio diversification or 10b5-1 plans, reducing the bearish signal.
- The company has strong analyst consensus (80% bullish) and a history of positive stock performance, which could offset selling pressure.
- The cluster's dollar value is small relative to market cap, limiting its predictive power.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ATEX-1787810612850 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $79.27 | awaiting T+20 | — | $85.62 (+8.01%) |
Oct 9, 2026 18d ago | 144 | $84.96 | awaiting T+20 | — | $85.62 (+0.78%) |
Sep 18, 2026 5w ago | 8-K | $83.62 $77.87 | ▼ −6.88% | ▼ −5.97% | $85.62 (+2.39%) |
Sep 11, 2026 6w ago | Insider Cluster | $77.59 $84.96 | ▲ +9.50% | ▲ +6.98% | $85.62 (+10.35%) |
Aug 27, 2026 8w ago | Insider Cluster | $92.33 $81.75 | ▼ −11.46% | ▼ −11.22% | $85.62 (−7.27%) |
Aug 26, 2026 8w ago | Insider Cluster | $94.67 $81.42 | ▲ +14.00% | ▲ +14.28% | $85.62 (+9.56%) |
Aug 18, 2026 10w ago | Insider Cluster | $88.68 $77.42 | ▲ +12.70% | ▲ +11.86% | $85.62 (+3.45%) |
Aug 18, 2026 10w ago | Insider Cluster | $88.68 $77.42 | ▲ +12.70% | ▲ +11.86% | $85.62 (+3.45%) |
Aug 14, 2026 10w ago | Insider Cluster | $91.53 $77.59 | ▼ −15.23% | ▼ −13.24% | $85.62 (−6.46%) |
Jul 29, 2026 12w ago | Press Release | $93.58 | awaiting T+20 | — | $85.62 (−8.51%) |
US Market Status
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