Monitor for additional insider sales or a Form 144 filing that would indicate a larger planned disposition. Next quarterly filing will show if this selling continues.
Price Chart
Executive Summary
Two BNED insiders, including CEO Jonathan Shar, sold a total of $357K in open-market sales over a 3-day window. The CEO's $331K sale is the largest, representing ~0.1% of the company's market cap. While the dollar amount is modest relative to market cap, the CEO's open-market sale without a 10b5-1 plan indication is notable, especially given BNED's weak historical performance and recent insider selling pattern.
Key Financial Metrics
Key Facts
- CEO Jonathan Shar sold 30,000 shares at $11.04 for $331,200 on 2026-09-22
- SVP/CAO Gary Luster sold 2,300 shares at $11.20 for $25,760 on 2026-09-23
- Total insider sales of $357K over 3 trading days
- No 10b5-1 plan indicated for either sale
- Sales represent ~0.1% of BNED's market cap (based on $11.04 stock price and ~32M shares outstanding)
Financial Impact
CEO and CAO sold $357K in open-market sales, ~0.1% of market cap
Risk Factors
- CEO selling may signal lack of confidence in near-term prospects
- Small sample size (2 insiders) limits signal strength
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BNED-1790704419238 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $13.50 | awaiting T+1 | — | $13.40 (−0.74%) |
Sep 25, 2026 4w ago | Insider Cluster | $11.11 $11.31 | ▼ −1.79% | ▼ −1.97% | $13.40 (−20.64%) |
Sep 25, 2026 4w ago | Insider Cluster | $11.11 $11.31 | ▼ −1.79% | ▼ −1.97% | $13.40 (−20.64%) |
Sep 24, 2026 4w ago | Press Release | $11.33 $11.18 | ▼ −1.32% | ▼ −0.58% | $13.40 (+18.27%) |
Jul 21, 2026 13w ago | Insider Cluster | $12.35 $11.90 | ▼ −3.64% | ▼ −3.53% | $13.40 (+8.50%) |
Jul 9, 2026 15w ago | Press Release | $12.91 $12.53 | ▼ −2.94% | ▼ −2.18% | $13.40 (+3.80%) |
Jul 8, 2026 15w ago | Insider Cluster | $11.42 $12.91 | ▼ −13.05% | ▼ −12.62% | $13.40 (−17.34%) |
Jul 7, 2026 15w ago | Insider Cluster | $11.37 $11.65 | ▼ −2.46% | ▼ −2.77% | $13.40 (−17.85%) |
Jun 24, 2026 17w ago | 8-K | $13.43 $13.74 | ▲ +2.31% | ▲ +3.03% | $13.40 (−0.22%) |
Mar 13, 2026 32w ago | Insider Cluster | $8.49 $8.97 | ▲ +5.65% | ▲ +4.63% | $13.40 (+57.83%) |
US Market Status
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