The dollar amounts are too small to signal material bearish conviction. Monitor for any larger insider sales or a pattern of sustained C-suite selling in the next 30 days. The CEO's sale at $507.48 is near the stock's current level, but without 10b5-1 plan context, this is likely routine portfolio diversification.
Price Chart
Executive Summary
Two AXON insiders, CEO Patrick Smith and CLO Isaiah Fields, sold a combined $869K in open-market sales over a one-week window. While the dollar amount is trivial relative to AXON's $38.9B market cap (0.002%), the involvement of the CEO in a cluster sale warrants attention, though insider sales are generally weak predictive signals per academic literature. The historical calibration shows past neutral reports on AXON have had mixed T+20 outcomes (60% win rate but high variance), and the proportionality check confirms this cluster is too small to be material.
Key Financial Metrics
Key Facts
- CEO Patrick W. Smith sold 749 shares at $507.48 for $380K on 2026-09-08
- CLO Isaiah Fields sold 1,017 shares at $480.45 for $489K on 2026-09-11
- Total cluster value of $869K represents ~0.002% of AXON's $38.9B market cap
- Both transactions are open-market sales (code S), not tax-withholding or option exercises
- No 10b5-1 plan information available to assess routine pattern
Financial Impact
$869K in insider sales, immaterial relative to $38.9B market cap
Risk Factors
- Insider sales could accelerate if management sees headwinds
- CEO selling at current levels may dampen retail sentiment despite trivial size
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AXON-1789448555069 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 424B5 / 8-K | $442.08 $459.32 | ▲ +3.90% | ▲ +3.08% | $411.50 (−6.92%) |
Sep 14, 2026 18d ago | Insider Cluster | $490.18 $452.06 | ▼ −7.78% | ▼ −9.44% | $411.50 (−16.05%) |
Sep 8, 2026 23d ago | 144 | $490.00 $466.88 | ▼ −4.72% | ▼ −4.38% | $411.50 (−16.02%) |
Jul 15, 2026 11w ago | Institutional Cluster | $541.12 $491.49 | ▼ −9.17% | ▼ −8.19% | $411.50 (−23.95%) |
Jun 8, 2026 16w ago | Insider Cluster | $452.51 $443.21 | ▼ −2.06% | ▼ −4.47% | $411.50 (−9.06%) |
Jun 2, 2026 17w ago | Insider Cluster | $481.48 $447.59 | ▼ −7.04% | ▼ −3.22% | $411.50 (−14.53%) |
Apr 16, 2026 24w ago | DEFA14A | $402.85 $397.12 | ▼ −1.42% | ▼ −1.98% | $411.50 (+2.15%) |
Apr 10, 2026 24w ago | 8-K | $359.63 $403.75 | ▲ +12.27% | ▲ +8.97% | $411.50 (+14.42%) |
Mar 17, 2026 28w ago | Insider Cluster | $506.57 $456.60 | ▼ −9.86% | ▼ −7.21% | $411.50 (−18.77%) |
Mar 11, 2026 29w ago | 8-K | $499.40 $502.18 | ▲ +0.56% | ▲ +1.54% | $411.50 (−17.60%) |
US Market Status
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