This cluster is routine and non-informative. The CLO's sale is a cashless exercise pattern (derivative exercise at $7.32, immediate sale at $44.34) — not a bearish signal. The CAO's $144K sale is trivial relative to market cap. No actionable trading signal from insider activity alone. Monitor next earnings for fundamental trends.
Price Chart
Executive Summary
Two CART insiders sold a total of $959K in shares over a 7-day window, with the Chief Legal Officer's sale ($815K) following a same-day derivative exercise at a fraction of the market price. The total value is ~0.01% of the $10B market cap, well below the 0.1% materiality threshold, making this a routine liquidity-driven cluster. The CLO's sale is a classic cashless exercise pattern (sell-to-cover plus open-market sale of the same shares), not a bearish signal.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $959K in shares over 7 days
- Chief Legal Officer Fong Morgan sold 18,390 shares at $44.34 after exercising derivatives at $7.32/share
- Chief Accounting Officer Blackwood-Kapral sold 3,000 shares at $47.64
- Total sales represent ~0.01% of CART's $10B market cap
- CLO's sale is a same-day cashless exercise pattern, not an open-market conviction sale
Financial Impact
$959K total insider sales, ~0.01% of $10B market cap — immaterial
Risk Factors
- Insider sales are liquidity-driven and not predictive of near-term stock movement
- No material 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-CART-1784952448410 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 4w ago | Insider Cluster | $50.52 $48.00 | ▼ −4.99% | ▼ −4.85% | $44.34 (−12.23%) |
Aug 26, 2026 5w ago | Insider Cluster | $50.77 $51.53 | ▲ +1.50% | ▲ +1.62% | $44.34 (−12.66%) |
Aug 21, 2026 6w ago | Insider Cluster | $49.83 $50.54 | ▲ +1.42% | ▲ +0.95% | $44.34 (−11.02%) |
Aug 17, 2026 6w ago | Insider Cluster | $48.86 $51.78 | ▲ +5.98% | ▲ +7.17% | $44.34 (−9.25%) |
Aug 6, 2026 8w ago | Press Release | $50.17 $48.88 | ▼ −2.57% | ▼ −2.97% | $44.34 (−11.62%) |
Jul 24, 2026 10w ago | Insider Cluster | $42.21 $44.75 | ▲ +6.02% | ▲ +5.64% | $44.34 (+5.05%) |
Jul 15, 2026 11w ago | Press Release | $47.61 $44.73 | ▼ −6.05% | ▼ −5.07% | $44.34 (−6.87%) |
Jun 4, 2026 17w ago | Insider Cluster | $41.26 $41.25 | ▼ −0.04% | ▼ −0.61% | $44.34 (+7.46%) |
May 6, 2026 21w ago | 8-K | $40.16 $39.06 | ▼ −2.74% | ▼ −3.87% | $44.34 (+10.41%) |
Mar 11, 2026 29w ago | Insider Cluster | $36.88 $37.79 | ▲ +2.47% | ▲ +4.66% | $44.34 (+20.23%) |
US Market Status
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