The insider sales are routine in size relative to market cap and follow a strong earnings report, making them unlikely to signal fundamental deterioration. Monitor for any follow-on insider buying or further sales in the next 30 days; the bullish earnings catalyst and $5.0B buyback authorization remain the dominant narrative for CAH.
Price Chart
Executive Summary
A cluster of 7 Cardinal Health insiders, including CEO Jason Hollar and CFO Aaron Alt, sold a total of $10.82M in open-market transactions over 7 days, occurring just 10 days after the company reported strong Q4 FY2026 earnings and announced a $5.0B buyback. While the dollar amount is modest relative to the $54.6B market cap (0.02%), the breadth of C-suite participation and the timing so close to a positive earnings release is notable, though insider sales are generally weak predictive signals per academic literature and this cluster does not outweigh the bullish fundamentals from the earnings report.
Key Financial Metrics
Key Facts
- 7 insiders sold a total of $10.82M in open-market transactions from Aug 12-19, 2026
- CEO Jason Hollar sold ~$27.4M across multiple trades, CFO Aaron Alt sold $3.08M
- Total sales represent ~0.02% of CAH's $54.6B market cap — well below the 0.1% materiality threshold
- Cluster occurred 10 days after a strong Q4 FY2026 earnings beat and $5.0B buyback announcement
- All sales were open-market (code S); no 10b5-1 plan designation was noted in the filing
Financial Impact
Total insider sales of $10.82M, or 0.02% of market cap
Risk Factors
- Insider sales could accelerate if the stock continues to rise post-earnings
- No insider buying to confirm management's confidence in the raised FY2027 guidance
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-1787292820436 |
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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