The insider sales are routine and non-informative given the small proportion of market cap and the post-earnings timing. Monitor for any Form 4 filings with 10b5-1 plan designations or unusual single-day concentration; absent those, no bearish read-through is warranted.
Price Chart
Executive Summary
Six C-suite insiders at Cardinal Health, including the CEO, CFO, and three other top executives, sold a total of $8.99M in open-market sales over a 7-day window ending 9 days after the company reported strong Q4 FY2026 earnings and announced a $5.0B buyback authorization. The cluster is large in absolute dollar terms but represents only ~0.016% of the $54.6B market cap, falling well below the 0.1% materiality threshold, and the sales follow a typical post-earnings blackout window opening pattern, making them routine and non-informative.
Key Financial Metrics
Key Facts
- 6 C-suite insiders sold a total of $8.99M in open-market sales over 7 days (Aug 11-18, 2026)
- CEO Jason Hollar sold $5.02M, CFO Aaron Alt sold $731K, Chief Legal Officer Jessica Mayer sold $1.05M, and three other executives sold smaller amounts
- Total sales represent ~0.016% of CAH's $54.6B market cap, well below the 0.1% materiality threshold
- Sales occurred 9 days after CAH reported strong Q4 FY2026 earnings (revenue $63.7B, +6% YoY; non-GAAP EPS $2.91, +40% YoY) and announced a $5.0B incremental buyback authorization
- No 10b5-1 plan disclosures were provided, but the timing and multi-executive pattern are consistent with post-earnings blackout window opening
Financial Impact
Total insider sales of $8.99M, or ~0.016% of market cap — immaterial relative to company size
Risk Factors
- Insider sales could be misinterpreted as a bearish signal by the market despite their routine nature
- If future filings reveal undisclosed negative developments (e.g., guidance revision, regulatory action), the sales could be viewed as opportunistic in hindsight
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CAH-1787227851823 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $228.46 $225.38 | ▼ −1.35% | ▼ −1.35% | $230.09 (+0.71%) |
Aug 20, 2026 6w ago | Insider Cluster | $228.46 $225.38 | ▼ −1.35% | ▼ −1.35% | $230.09 (+0.71%) |
Aug 20, 2026 6w ago | Insider Cluster | $228.46 $225.38 | ▼ −1.35% | ▼ −1.35% | $230.09 (+0.71%) |
Aug 11, 2026 7w ago | 8-K | $240.26 $239.92 | ▼ −0.14% | ▲ +0.92% | $230.09 (−4.23%) |
Aug 11, 2026 7w ago | 8-K | $240.26 $239.92 | ▼ −0.14% | ▲ +0.92% | $230.09 (−4.23%) |
Aug 5, 2026 8w ago | 8-K | $239.23 $245.49 | ▲ +2.62% | ▲ +3.22% | $230.09 (−3.82%) |
Jul 20, 2026 10w ago | Press Release | $227.09 $234.98 | ▲ +3.47% | ▲ +0.91% | $230.09 (+1.32%) |
Mar 5, 2026 30w ago | 8-K | $215.96 $214.02 | ▼ −0.90% | ▲ +2.89% | $230.09 (+6.54%) |
US Market Status
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