The insider activity is routine and non-informative. Director Ottinger's sale is a same-day cashless exercise-and-sell (derivative exercise at $35.95, immediate sale at $53.50) — a standard tax-covering transaction. SVP/CMO Rogers' sale is small ($164K) and not C-suite. The cluster of non-cash grants to five directors on the same date suggests a regular board compensation event. No bearish signal. Monitor next quarterly earnings for any fundamental change.
Price Chart
Executive Summary
Two BJRI insiders sold a total of $314K in open-market sales over a 7-day window, representing ~0.03% of market cap. Director Ottinger sold $149K in a same-day cashless exercise-and-sell transaction (derivative exercise at $35.95, immediate sale at $53.50), while SVP/CMO Rogers sold $164K. The dollar amount is trivial relative to the $1.1B market cap and well below the 0.1% materiality threshold. No C-suite executives sold. The cluster is non-informative per the asymmetry rule — multiple directors also received non-cash grants on the same date, consistent with a blackout-window opening or routine vesting event.
Key Financial Metrics
Key Facts
- Total open-market sales: $314K (0.03% of $1.1B market cap)
- Two insiders sold: Director Ottinger (same-day cashless exercise-and-sell) and SVP/CMO Rogers
- Five directors received non-cash grants (A) on 2026-06-18 — no economic value
- No C-suite (CEO/CFO/COO) sold; no open-market purchases
- Ottinger's sale is a same-day derivative exercise at $35.95, sale at $53.50 — a routine tax/vesting transaction
Financial Impact
Trivial — $314K total sales vs $1.1B market cap
Risk Factors
- No material insider signal detected — routine vesting/compensation activity
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-1782176044838 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $59.38 | awaiting T+5 | — | $57.91 (−2.48%) |
Oct 8, 2026 19d 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 18w 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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