Insider Cluster (2 insiders) ·Filed Mar 17, 2026
Insider cluster: 2 insiders, $177K total
Actionable Insight • Neutral
Monitor for additional sales or any C-suite participation; current activity is consistent with routine portfolio management by board members and not indicative of material concern.
Final — all horizons settled through T+60d
AXON ▼ -10.67% at T+60d
NEUTRAL call -10.67% · α vs SPY -20.53% · entry $506.57 → $452.51
T+1d
+0.36%
call +0.36% · α +1.76%
$508.41
settled 7mo ago
T+5d
-9.86%
call -9.86% · α -7.21%
$456.60
settled 7mo ago
T+20d
-20.61%
call -20.61% · α -24.91%
$402.18
settled 7mo ago
T+60d
-10.67%
call -10.67% · α -20.53%
$452.51
settled 5mo ago
Price Chart
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Executive Summary
Two non-executive directors at Axon Enterprise sold shares in a coordinated open-market transaction totaling approximately $177,233. The sales occurred within the same day and represent a routine divestiture by board members.
Key Financial Metrics
Direction
selling
Total Value
$177.2K
Insiders
2
Key Facts
- Director Jeri Williams sold 157 shares at $490 for $76,930 in open-market transaction.
- Director Erika Nardini sold 198 shares at $506.579 for $100,302.64 in open-market transaction.
- Total value of insider sales cluster: $177,232.64 over a 7-day window.
- Both insiders are directors, not C-suite executives; no executive-level participation in the cluster.
Financial Impact
$177,233 in total open-market sales by two directors
insider ownershipshare count
Risk Factors
- Minimal risk — transaction size is small relative to Axon's $40.9B market cap (0.00043%).
- No C-suite involvement reduces signal strength of the cluster.
Market Snapshot
Exchange
Nasdaq
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-AXON-1773950740214 |
15 reports for AXON
67% Hit rate @ T+20 Went positive at some point 3 of 3 best @ T+60▲ +23.40%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $417.19 | awaiting T+20 | — | $425.87 (+2.08%) |
Sep 21, 2026 5w ago | 8-K | $452.06 $383.09 | ▼ −15.26% | ▼ −14.35% | $425.87 (−5.79%) |
Sep 15, 2026 6w ago | 424B5 / 8-K | $442.08 $413.35 | ▼ −6.50% | ▼ −9.48% | $425.87 (−3.67%) |
Sep 14, 2026 6w ago | Insider Cluster | $442.08 $413.35 | ▼ −6.50% | ▼ −9.22% | $425.87 (−3.67%) |
Sep 8, 2026 7w ago | 144 | $490.00 $406.00 | ▼ −17.14% | ▼ −19.34% | $425.87 (−13.09%) |
Jul 14, 2026 14w ago | Institutional Cluster | $541.12 $599.78 | ▲ +10.84% | ▲ +8.50% | $425.87 (−21.30%) |
Jun 8, 2026 20w ago | Insider Cluster | $452.51 $640.46 | ▲ +41.53% | ▲ +40.09% | $425.87 (−5.89%) |
Jun 2, 2026 21w ago | Insider Cluster | $481.48 $597.04 | ▲ +24.00% | ▲ +25.00% | $425.87 (−11.55%) |
Apr 16, 2026 27w ago | DEFA14A | $402.85 $388.19 | ▼ −3.64% | ▼ −9.01% | $425.87 (+5.71%) |
Apr 10, 2026 28w ago | 8-K | $359.63 $394.36 | ▲ +9.66% | ▲ +1.93% | $425.87 (+18.42%) |
Showing 10 of 15
US Market Status
Market Closed — Opens Wed (< 1m)
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