Starboard Value's large proposed sale signals potential loss of activist support or negative outlook. Monitor for actual sale execution and any subsequent Form 4 filings. The stock may face selling pressure given the size relative to average volume.
Price Chart
Executive Summary
Starboard Value LP, an affiliate of a former director, filed a Form 144 on May 8, 2026, indicating intent to sell 3,800,000 shares of Bloomin' Brands common stock, valued at approximately $30.9 million. This represents a significant portion of the company's $678 million market cap (about 4.6%) and signals a potential exit by a major activist investor.
Key Facts
- Starboard Value LP, an activist investor and affiliate of a former director, filed to sell 3,800,000 shares.
- Estimated sale value is approximately $30.9 million based on filing data.
- Shares were acquired via open market purchases between September 2022 and September 2023.
- The proposed sale represents roughly 4.6% of BLMN's $678 million market cap.
- Filing date is May 8, 2026; the sale is planned on Nasdaq.
Financial Impact
Approximately $30.9 million in shares to be sold, representing ~4.6% of market cap.
Risk Factors
- Large insider sale could depress stock price if executed quickly.
- Loss of activist investor may reduce pressure for operational improvements.
- Sale may signal lack of confidence in near-term prospects.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0000921895-26-001207 |
| Document: 0000921895-26-001207-index.html | 0000921895-26-001207 |
| Document: 0000921895-26-001207.txt | 0000921895-26-001207 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $11.85 $9.93 | ▼ −16.20% | ▼ −15.60% | $8.48 (−28.44%) |
Jul 1, 2026 13w ago | 8-K | $8.91 $8.81 | ▼ −1.12% | ▲ +1.06% | $8.48 (−4.83%) |
May 9, 2026 20w ago | 144 | $8.37 $7.43 | ▲ +11.23% | ▲ +10.93% | $8.48 (−1.31%) |
May 6, 2026 21w ago | 8-K | $8.12 $7.49 | ▼ −7.76% | ▼ −10.54% | $8.48 (+4.43%) |
Mar 3, 2026 30w ago | DEFA14A | $6.35 $5.40 | ▼ −14.96% | ▼ −10.56% | $8.48 (+33.54%) |
Feb 25, 2026 31w ago | 8-K | $5.71 $5.62 | ▼ −1.58% | ▲ +3.66% | $8.48 (+48.51%) |
US Market Status
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