The same-day cluster of open-market sales by both a director and the CFO is unusual and may signal near-term headwinds. Monitor for any forthcoming 8-K or press release that could explain the timing.
Price Chart
Executive Summary
Two insiders at Smartbird, Inc. (BIRD) sold a combined $156K in open-market transactions on September 18, 2026. Director Richard W. Boyce sold $112K worth of shares, and CFO Ann Mitchell sold $45K. The sales are modest in absolute terms and represent a trivial fraction of market cap, but the cluster of two insiders selling on the same day warrants attention given the company's volatile trading history.
Key Financial Metrics
Key Facts
- Director Richard W. Boyce sold 48,300 shares at ~$2.31 for $112,000 on 2026-09-18.
- CFO Ann Mitchell sold 19,508 shares at ~$2.30 for $44,868 on 2026-09-18.
- Total insider sales of $156K represent a trivial fraction of market cap (estimated ~$326M).
- Both sales were open-market (code S) with no 10b5-1 plan indicated.
- Sales occurred on the same day, suggesting possible coordination or shared reaction to company developments.
Financial Impact
Total insider sales of $156K, less than 0.05% of estimated market cap.
Risk Factors
- Insider sales may be routine portfolio rebalancing or tax planning, not indicative of fundamental deterioration.
- The dollar amounts are small relative to market cap, limiting the signal's materiality.
- No 10b5-1 plan was indicated, but sales could still be pre-planned or liquidity-driven.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BIRD-1790111992482 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 20d ago | 3 | $3.17 | awaiting T+60 | — | $2.29 (−27.76%) |
Sep 22, 2026 4w ago | Insider Cluster | $2.37 | awaiting T+60 | — | $2.29 (+3.38%) |
Sep 18, 2026 5w ago | 144 | $2.37 | awaiting T+60 | — | $2.29 (−3.38%) |
Aug 25, 2026 8w ago | 144 | $2.38 | awaiting T+60 | — | $2.29 (−3.78%) |
Jul 1, 2026 16w ago | 8-K | $3.85 | awaiting T+60 | — | $2.29 (+40.52%) |
Jun 17, 2026 18w ago | 8-K | $5.48 $2.44 | ▲ +55.47% | ▲ +58.62% | $2.29 (+58.21%) |
Jun 15, 2026 19w ago | 8-K | $3.94 $2.43 | ▼ −38.32% | ▼ −39.32% | $2.29 (−41.88%) |
Jun 11, 2026 19w ago | 424B5 | $3.66 $2.50 | ▲ +31.69% | ▲ +34.96% | $2.29 (+37.43%) |
May 28, 2026 21w ago | 8-K | $4.12 | awaiting T+60 | — | $2.29 (+44.42%) |
May 8, 2026 24w ago | DEFM14A | $5.60 $2.27 | ▼ −59.46% | ▼ −64.30% | $2.29 (−59.11%) |
US Market Status
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