The CEO's sale follows a non-cash grant and is small relative to his likely total holdings — typical post-vesting liquidity management. No open-market buying to offset the sales. Monitor next 10-Q for any operational deterioration that could explain a broader insider exit, but this cluster alone does not signal distress.
Price Chart
Executive Summary
Three Aviat Networks insiders, including the CEO, sold a total of ~$320K in open-market shares just days after the company reported a mixed Q4 FY2026 with a GAAP EPS miss of -$0.10 vs. $0.40 consensus. The CEO's $281K sale represents the bulk of the cluster and follows a non-cash grant of 23,357 shares on August 28, suggesting the sale is likely liquidity-driven after vesting rather than a negative signal on the business. The total dollar value is ~0.1% of the company's market cap, making it routine in size.
Key Financial Metrics
Key Facts
- CEO Pete A. Smith sold 14,264 shares at $19.69 for ~$281K on August 31, two days after receiving a grant of 23,357 shares at $0.
- VP Legal Affairs Erin Boase sold 1,347 shares at $19.69 for ~$27K on the same day, also following a grant of 3,826 shares.
- SVP Gary Croke sold 629 shares at $19.69 for ~$12K on August 31.
- Total open-market sales of ~$320K represent approximately 0.1% of Aviat's market cap, well below the 0.5% threshold for materiality.
- The sales occurred 4 days after the company reported Q4 FY2026 revenue of $120.9M (+4.8% YoY) but GAAP EPS of -$0.10 vs. consensus $0.40.
Financial Impact
Total insider sales of ~$320K, representing ~0.1% of market cap — routine and non-material.
Risk Factors
- GAAP EPS miss of -$0.10 vs. $0.40 consensus could weigh on sentiment if tax issues recur.
- No insider buying to signal confidence in the FY2027 guidance of $455-470M revenue.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AVNW-1788905969821 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | SC 13G/A | $20.40 $19.38 | ▲ +5.00% | ▲ +3.85% | $19.67 (+3.58%) |
Oct 8, 2026 18d ago | 3 | $20.77 $18.94 | ▼ −8.81% | ▼ −6.84% | $19.67 (−5.30%) |
Oct 6, 2026 20d ago | 8-K | $20.84 $19.44 | ▼ −6.72% | ▼ −5.74% | $19.67 (−5.61%) |
Oct 5, 2026 21d ago | 8-K | $21.10 $20.40 | ▼ −3.32% | ▼ −3.18% | $19.67 (−6.78%) |
Sep 1, 2026 7w ago | Insider Cluster | $19.25 $19.82 | ▲ +2.96% | ▲ +3.92% | $19.67 (+2.18%) |
Sep 1, 2026 7w ago | Insider Cluster | $19.25 $19.82 | ▼ −2.96% | ▼ −3.92% | $19.67 (−2.18%) |
Aug 27, 2026 8w ago | 8-K | $21.44 $19.32 | ▼ −9.89% | ▼ −10.16% | $19.67 (−8.26%) |
Aug 14, 2026 10w ago | Institutional Cluster | $22.04 $20.66 | ▼ −6.26% | ▼ −5.07% | $19.67 (−10.75%) |
May 4, 2026 25w ago | 8-K | $15.09 $15.86 | ▼ −5.10% | ▼ −3.12% | $19.67 (−30.35%) |
US Market Status
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