Dollar amounts are too small to signal any material bearish view from executives. The debt-covenant amendment allowing higher leverage is credit-relevant for bondholders but routine for equity. No actionable trade signal — ignore this cluster.
Price Chart
Executive Summary
CFO and VP of Network Strategy sold a combined $122K of CCOI stock in open-market sales over two days, the day after a debt-covenant amendment was filed (8-K, Item 1.01) that increases the secured leverage ratio from 4.00x to 4.75x. The total dollar value is ~0.015% of CCOI's $824M market cap, well below the 0.1% threshold for materiality, and both sales are likely liquidity-driven given the small absolute size and absence of any pre-filing earnings or offering.
Key Financial Metrics
Key Facts
- CFO Thaddeus Weed sold 4,850 shares for $81,434 on 6/16 at ~$16.79
- VP Henry Kilmer sold 2,400 shares for $40,824 on 6/15 at ~$17.01
- Total cluster value $122K = 0.015% of $824M market cap — trivial
- Sales occurred 1 day after 8-K filed amending debt covenants (leverage ratio increased to 4.75x)
Financial Impact
$122K insider sales, negligible relative to $824M market cap
Risk Factors
- The 8-K amendment increased the secured leverage ratio from 4.00x to 4.75x, which could lead to higher leverage over time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CCOI-1781641688780 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Press Release | $7.72 | awaiting T+20 | — | $7.70 (−0.19%) |
Oct 5, 2026 22d ago | SC 13G/A | $8.88 | awaiting T+20 | — | $7.70 (−13.23%) |
Aug 6, 2026 11w ago | 8-K | $10.91 $9.98 | ▲ +8.52% | ▲ +9.12% | $7.70 (+29.38%) |
Jun 29, 2026 17w ago | 8-K | $13.88 $12.22 | ▼ −11.96% | ▼ −10.93% | $7.70 (−44.49%) |
Jun 16, 2026 18w ago | Insider Cluster | $14.61 $11.71 | ▼ −19.85% | ▼ −21.17% | $7.70 (−47.26%) |
Jun 15, 2026 19w ago | 8-K | $16.05 $12.25 | ▼ −23.68% | ▼ −23.88% | $7.70 (−51.99%) |
May 28, 2026 21w ago | 144 | $19.82 $13.41 | ▼ −32.34% | ▼ −29.20% | $7.70 (−61.13%) |
May 4, 2026 25w ago | 8-K | $16.37 $17.69 | ▲ +8.06% | ▲ +2.42% | $7.70 (−52.93%) |
May 4, 2026 25w ago | 8-K | $16.37 $17.69 | ▼ −8.06% | ▼ −2.42% | $7.70 (+52.93%) |
Mar 5, 2026 33w ago | Insider Cluster | $23.07 $19.22 | ▼ −16.69% | ▼ −14.69% | $7.70 (−66.60%) |
US Market Status
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