The insider sales are modest in proportion to market cap and typical of post-vesting diversification. No immediate bearish signal is warranted. Monitor the next 8-K or earnings release for any material developments that may have prompted the CEO's larger-than-usual sale.
Price Chart
Executive Summary
CareDx (CDNA) CEO John Hanna and Director Hannah Valantine sold a combined ~$5.5M in open-market shares on July 16, 2026, following option exercises. The total sales represent 0.26% of the $2.1B market cap, a modest amount that is not unusual for post-vesting diversification. Insider sales are weak predictors of future returns, and the dollar value relative to company size does not signal material deterioration.
Key Financial Metrics
Key Facts
- CEO John Hanna sold 118,000 shares open-market for ~$4.46M at $36.11–$39.01 per share.
- Director Hannah Valantine sold 28,779 shares open-market for ~$1.04M at $36.14–$36.55.
- Total insider sales of ~$5.5M equal 0.26% of the $2.1B market cap.
- Both insiders exercised options immediately before selling, consistent with routine tax/vesting-related transactions.
- No 10b5-1 plan or other context indicates the sales were pre-planned or reactive to a specific event.
Financial Impact
Insider sales of ~$5.5M, or 0.26% of market cap, represent modest insider unloading.
Risk Factors
- CEO selling a meaningful portion of his holdings (118K shares) could indicate personal diversification or a lack of conviction, but the amount is not alarming.
- If additional insider sales emerge in the next 30 days, the cluster would become more concerning.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CDNA-1784354538852 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Insider Cluster | $44.81 $47.38 | ▲ +5.74% | ▲ +4.52% | $67.15 (+49.85%) |
Aug 4, 2026 8w ago | 144 | $45.50 $47.31 | ▲ +3.98% | ▲ +3.63% | $67.15 (+47.58%) |
Jul 17, 2026 11w ago | Insider Cluster | $39.73 $37.61 | ▼ −5.34% | ▼ −4.65% | $67.15 (+69.02%) |
Jun 16, 2026 15w ago | Insider Cluster | $23.48 $27.13 | ▲ +15.55% | ▲ +16.59% | $67.15 (+185.99%) |
Jun 5, 2026 17w ago | DEFA14A | $21.95 $24.08 | ▲ +9.70% | ▲ +7.59% | $67.15 (+205.92%) |
Apr 28, 2026 22w ago | S-3ASR | $20.80 $20.70 | ▼ −0.48% | ▼ −3.59% | $67.15 (+222.84%) |
Apr 16, 2026 24w ago | 8-K | $22.42 $20.06 | ▼ −10.53% | ▼ −11.51% | $67.15 (+199.51%) |
Feb 25, 2026 31w ago | 8-K/A | $18.46 $19.06 | ▲ +3.25% | ▲ +4.35% | $67.15 (+263.76%) |
Feb 24, 2026 31w ago | 8-K | $18.46 $19.06 | ▲ +3.25% | ▲ +4.35% | $67.15 (+263.76%) |
US Market Status
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