This insider cluster is routine and non-informative — the sales follow option exercises and are small relative to market cap. No trading signal. Monitor for any material corporate development (spectrum license catalyst, earnings, or partnership) that would drive the stock independently of this insider activity.
Price Chart
Executive Summary
Two Anterix insiders — the Chief Regulatory & Communications Officer and a Director — sold a combined $890K in open-market shares over a 2-day window. The C-suite officer's sales follow a derivative exercise pattern (cashless exercise-and-sell), which is a routine liquidity event, not a bearish signal. The Director's sales are smaller and also follow option exercises. At $1.9B market cap, the total open-market sales represent ~0.05% of market cap, well below the 0.1% materiality threshold, making this cluster trivial in economic terms.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $890K in open-market shares over 2 days
- Chief Regulatory & Communications Officer sold $503K after exercising 40,000 options at $34.72
- Director sold $387K after exercising 10,000 options at $33.62
- Total open-market sales represent ~0.05% of $1.9B market cap — below materiality threshold
- Tax withholding of 16,561 shares ($1.5M) is a non-cash event, not a directional sale
- No C-suite cluster buy signal — the officer's sales are liquidity-driven from option exercises
Financial Impact
Total open-market sales of $890K represent ~0.05% of $1.9B market cap — economically trivial
Risk Factors
- Insider sales could accelerate if the stock continues to rise near $90-$94 range
- No C-suite open-market buying to offset the selling pattern
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-1787900730145 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 144 | $84.96 | awaiting T+20 | — | $79.64 (−6.26%) |
Sep 18, 2026 5w ago | 8-K | $83.62 $77.87 | ▼ −6.88% | ▼ −5.97% | $79.64 (−4.76%) |
Sep 11, 2026 6w ago | Insider Cluster | $77.59 $84.96 | ▲ +9.50% | ▲ +6.98% | $79.64 (+2.64%) |
Aug 27, 2026 8w ago | Insider Cluster | $92.33 $81.75 | ▼ −11.46% | ▼ −11.22% | $79.64 (−13.74%) |
Aug 26, 2026 8w ago | Insider Cluster | $94.67 $81.42 | ▲ +14.00% | ▲ +14.28% | $79.64 (+15.88%) |
Aug 18, 2026 9w ago | Insider Cluster | $88.68 $77.42 | ▲ +12.70% | ▲ +11.86% | $79.64 (+10.19%) |
Aug 18, 2026 9w ago | Insider Cluster | $88.68 $77.42 | ▲ +12.70% | ▲ +11.86% | $79.64 (+10.19%) |
Aug 14, 2026 10w ago | Insider Cluster | $91.53 $77.59 | ▼ −15.23% | ▼ −13.24% | $79.64 (−12.99%) |
Jul 29, 2026 12w ago | Press Release | $93.58 | awaiting T+20 | — | $79.64 (−14.90%) |
Jul 17, 2026 14w ago | DEFA14A | $100.35 $91.53 | ▼ −8.79% | ▼ −13.24% | $79.64 (−20.64%) |
US Market Status
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