The cluster is too small to carry a directional signal. Per the cross-filing amplifiers, no contextual filings (earnings, offering, restatement) were present within the lookback windows that would elevate the signal weight. Expect no stock impact from this cluster. Focus on BJRI's next quarterly results, as the company is covered by a broadly neutral analyst consensus (47% bullish, 36% hold).
Price Chart
Executive Summary
Two senior executives at BJ's Restaurants — the EVP & General Counsel and the SVP & Chief Marketing Officer — sold a combined $525K in open-market shares over a three-day window. All sales followed the exercise of stock options, consistent with routine tax-motive or diversification selling; the dollar figure is well below 0.1% of the company's $1.1B market cap, making this cluster quantitatively trivial for shareholders despite the C-suite involvement.
Key Financial Metrics
Key Facts
- Two insiders sold $525K total in open-market sales (Miller $360K, Rogers $164K)
- Sales represent ~0.048% of BJRI's $1.1B market cap, below the 0.1% materiality threshold
- All sales were preceded by option exercises at $0 or $35.95 per share, creating an accommodative tax cost
- No insider purchases occurred in the cluster; the net direction is selling
Financial Impact
Total insider sales of $525K represent less than 0.05% of market cap — immaterial
Risk Factors
- Insiders could continue selling after the blackout window closes, potentially ahead of a soft quarter
- The 30-day trailing insider activity ($718K in 3 sells) shows persistent, albeit small, selling by management
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-1781555434951 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $59.38 | awaiting T+5 | — | $57.91 (−2.48%) |
Oct 8, 2026 18d ago | SC 13G/A | $59.54 $60.22 | ▲ +1.14% | ▲ +1.42% | $57.91 (−2.74%) |
Aug 12, 2026 10w ago | Insider Cluster | $66.67 $64.23 | ▲ +3.66% | ▲ +1.70% | $57.91 (+13.14%) |
Aug 7, 2026 11w ago | Insider Cluster | $68.65 $66.27 | ▲ +3.47% | ▲ +3.42% | $57.91 (+15.64%) |
Aug 7, 2026 11w ago | Insider Cluster | $68.65 $66.27 | ▼ −3.47% | ▼ −3.42% | $57.91 (−15.64%) |
Jul 30, 2026 12w ago | Press Release | $67.61 $69.55 | ▲ +2.87% | ▼ −0.64% | $57.91 (−14.35%) |
Jun 23, 2026 17w ago | 8-K | $54.62 $60.69 | ▲ +11.11% | ▲ +9.41% | $57.91 (+6.02%) |
Jun 22, 2026 18w ago | Insider Cluster | $53.16 $59.38 | ▲ +11.70% | ▲ +10.69% | $57.91 (+8.94%) |
Jun 15, 2026 19w ago | Insider Cluster | $51.78 $53.16 | ▲ +2.67% | ▲ +4.90% | $57.91 (+11.84%) |
Jun 1, 2026 21w ago | Insider Cluster | $44.35 $45.63 | ▲ +2.89% | ▲ +5.85% | $57.91 (+30.57%) |
US Market Status
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