The cluster of two C-suite officers selling similar amounts within a week is notable but not alarming at 0.15% of market cap. Per academic literature, cluster sales are less informative than cluster buys. Monitor for any upcoming earnings release or material news that could explain the timing. The 30-day prior insider activity showed $954K in sales, suggesting a consistent pattern of insider liquidity rather than a one-off event.
Price Chart
Executive Summary
Two senior executives at Sierra Bancorp (EVP/CFO and EVP/Chief Credit Officer) each sold $382K of stock in open-market transactions within a week, totaling $764K. This represents ~0.15% of the company's $501M market cap, a modest but notable cluster of insider selling by two C-suite officers.
Key Financial Metrics
Key Facts
- EVP/CFO Christopher Treece sold 10,000 shares at $38.18 on 2026-05-22, proceeds $382K
- EVP/Chief Credit Officer Hugh Boyle sold 10,000 shares at $38.21 on 2026-05-29, proceeds $382K
- Total cluster value: $764K, representing ~0.15% of market cap
- Both sales were open-market transactions (code S), not tax-withholding or derivative exercises
- No insider purchases were reported in the cluster window
Financial Impact
Total insider selling of $764K, or ~0.15% of $501M market cap
Risk Factors
- Insider selling by two senior finance/credit officers could signal caution about near-term credit quality or earnings
- Cluster sales may be driven by shared blackout-window opening or 10b5-1 plans, reducing informational content
- No insider buying to offset the selling pattern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BSRR-1780094232320 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+60 | — | — |
Oct 23, 2026 3d ago | 8-K | $40.63 | awaiting T+60 | — | $43.01 (+5.87%) |
Jul 27, 2026 13w ago | 8-K | $41.16 $39.23 | ▲ +4.69% | ▲ +8.39% | $43.01 (−4.51%) |
Jul 27, 2026 13w ago | 8-K | $41.16 $39.23 | ▼ −4.69% | ▼ −8.39% | $43.01 (+4.51%) |
Jul 24, 2026 13w ago | 8-K | $41.88 $39.23 | ▼ −6.33% | ▼ −10.06% | $43.01 (+2.71%) |
May 29, 2026 21w ago | Insider Cluster | $37.68 $39.46 | ▲ +4.72% | ▲ +3.49% | $43.01 (+14.16%) |
May 22, 2026 22w ago | Insider Cluster | $38.44 $39.72 | ▲ +3.33% | ▲ +0.61% | $43.01 (+11.90%) |
May 4, 2026 25w ago | 8-K | $35.82 $41.05 | ▲ +14.60% | ▲ +12.74% | $43.01 (+20.09%) |
Apr 27, 2026 26w ago | 8-K | $36.82 $41.47 | ▲ +12.64% | ▲ +7.86% | $43.01 (+16.84%) |
Apr 24, 2026 26w ago | 8-K | $36.01 $41.86 | ▲ +16.24% | ▲ +11.16% | $43.01 (+19.45%) |
US Market Status
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