The cluster is economically trivial and mechanically consistent with equity compensation management. No actionable signal for traders; monitor upcoming earnings (likely next 10-Q) for any fundamental change, but this filing provides no incremental information.
Price Chart
Executive Summary
Two BJRI insiders engaged in a cluster of sales, including a director selling ~$194K in open-market shares on May 29 and an EVP selling a smaller amount on May 28. Both sales were preceded by derivative exercises at a steep discount, characteristic of cashless exercise-and-sell patterns. The total open-market sale value of ~$210K represents ~0.02% of market cap — a trivial amount with no material directional signal.
Key Financial Metrics
Key Facts
- Director Noah A. Elbogen sold 4,049 shares at $47.85 on May 29 for net proceeds of ~$194K, preceded by derivative exercises at $0 and $39.33.
- EVP/CIO Brian S. Krakower sold 341 shares at $46.83 on May 28 for ~$16K, preceded by derivative exercises at $0 and $31.34.
- Total open-market sales: ~$210K, representing approximately 0.02% of BJRI's $989M market cap.
- All trades are consistent with routine cashless exercise-and-sell patterns for tax/compensation purposes, not information-driven selling.
Financial Impact
$210K in aggregate open-market sales, all from derivative exercises; trivial relative to $989M market cap
Risk Factors
- Information leakage risk is negligible — dollar amounts are well below any materiality threshold
- If forthcoming earnings miss, these sales could be retrospectively interpreted as informed, but the pattern and size argue strongly against that reading
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BJRI-1780345875576 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 10d ago | Press Release | $59.38 | awaiting T+5 | — | $57.41 (−3.32%) |
Oct 8, 2026 17d ago | SC 13G/A | $59.54 $60.22 | ▲ +1.14% | ▲ +1.42% | $57.41 (−3.58%) |
Aug 12, 2026 10w ago | Insider Cluster | $66.67 $64.23 | ▲ +3.66% | ▲ +1.70% | $57.41 (+13.89%) |
Aug 7, 2026 11w ago | Insider Cluster | $68.65 $66.27 | ▲ +3.47% | ▲ +3.42% | $57.41 (+16.37%) |
Aug 7, 2026 11w ago | Insider Cluster | $68.65 $66.27 | ▼ −3.47% | ▼ −3.42% | $57.41 (−16.37%) |
Jul 30, 2026 12w ago | Press Release | $67.61 $69.55 | ▲ +2.87% | ▼ −0.64% | $57.41 (−15.09%) |
Jun 23, 2026 17w ago | 8-K | $54.62 $60.69 | ▲ +11.11% | ▲ +9.41% | $57.41 (+5.11%) |
Jun 22, 2026 17w ago | Insider Cluster | $53.16 $59.38 | ▲ +11.70% | ▲ +10.69% | $57.41 (+7.99%) |
Jun 15, 2026 18w ago | Insider Cluster | $51.78 $53.16 | ▲ +2.67% | ▲ +4.90% | $57.41 (+10.87%) |
Jun 1, 2026 20w ago | Insider Cluster | $44.35 $45.63 | ▲ +2.89% | ▲ +5.85% | $57.41 (+29.45%) |
US Market Status
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