The cluster of large sales by a director and a 10% owner, alongside the CEO's sale, is a bearish signal. Traders should monitor for any upcoming negative news or earnings pre-announcement.
Price Chart
Executive Summary
A significant insider selling cluster at Byline Bancorp saw four insiders, including the CEO, a director, a 10% owner, and the CHRO, sell a total of $24.33M in shares over a week. The sales by the director and 10% owner are particularly large at $11.73M each, representing a material 1.3% of the company's $1.8B market cap, which is a notable bearish signal.
Key Financial Metrics
Key Facts
- Total insider selling of $24.33M over 7 days, representing ~1.35% of BY's $1.8B market cap.
- CEO Roberto Herencia sold $774K worth of shares on 2026-08-13.
- Director and 10% owner Antonio Del Valle Perochena sold $11.73M on 2026-08-07.
- 10% owner MBG Investors I, L.P. sold $11.73M on 2026-08-07.
- CHRO Dana Rose sold $94K on 2026-08-12.
- The two largest sales ($23.46M combined) were by a director/10% owner and a separate 10% owner, not C-suite executives, which slightly reduces the informational signal but the absolute size is still material.
Financial Impact
$24.33M in insider sales, or 1.35% of market cap, concentrated in a 7-day window.
Risk Factors
- Insider sales may be for personal liquidity or diversification, not a signal of company distress.
- The CEO's sale is relatively small ($774K) and could be part of a 10b5-1 plan, reducing its negative signal.
- The stock may already price in this selling activity if it was pre-announced or expected.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BY-1786744877358 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $38.40 | awaiting T+20 | — | $38.40 (+0.00%) |
Oct 8, 2026 18d ago | 8-K | $36.32 | awaiting T+20 | — | $38.40 (+5.73%) |
Oct 6, 2026 20d ago | 8-K | $36.57 | awaiting T+20 | — | $38.40 (+5.00%) |
Aug 20, 2026 9w ago | Insider Cluster | $38.33 $37.52 | ▼ −2.11% | ▼ −2.11% | $38.40 (+0.18%) |
Aug 15, 2026 10w ago | Institutional Cluster | $39.15 $38.43 | ▼ −1.84% | ▼ −0.31% | $38.40 (−1.92%) |
Aug 14, 2026 10w ago | Insider Cluster | $39.15 $38.43 | ▲ +1.84% | ▲ +0.31% | $38.40 (+1.92%) |
Aug 12, 2026 10w ago | Insider Cluster | $39.26 $38.67 | ▲ +1.50% | ▼ −0.24% | $38.40 (+2.19%) |
Aug 11, 2026 10w ago | Insider Cluster | $39.23 $38.38 | ▲ +2.17% | ▲ +0.27% | $38.40 (+2.12%) |
Aug 3, 2026 12w ago | 144 | $39.64 $37.92 | ▼ −4.34% | ▼ −5.58% | $38.40 (−3.13%) |
May 22, 2026 22w ago | 8-K | $33.40 $36.50 | ▲ +9.28% | ▲ +11.23% | $38.40 (+14.97%) |
US Market Status
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