Insider selling by both the CEO and CFO in the same week is a signal worth monitoring but remains mechanically small relative to CLBT's $4.1B market cap. The prior 30-day sell total of $2.3M extends the pattern. Watch for any upcoming earnings release or material corporate event (e.g., M&A, guidance change) that could explain the timing.
Price Chart
Executive Summary
CEO and CFO sold a combined $2.31M in open-market sales over a one-week window. The CFO's sale at $16.38 appears to be a discretionary liquidation — not a routine 10b5-1 sale given the irregular size. The CEO sold over $1.6M at $15.76. While these amounts represent ~0.06% of CLBT's $4.1B market cap and fall below the 0.1% materiality threshold, the fact that both the CEO and CFO are selling concurrently is notable. The cluster net direction is heavily toward selling, and the C-suite weighting elevates the signal — but cluster sells have weak predictive power per the literature, and the dollar magnitude is mechanically trivial at this market cap.
Key Financial Metrics
Key Facts
- Both CEO (Thomas Hogan) and CFO (David Barter) sold shares in the same 7-day window totaling $2.31M
- CFO sold 41,734 shares at ~$16.38 on 2026-07-08 worth $683K
- CEO sold 103,200 shares at ~$15.76 on 2026-07-02 worth ~$1.63M
- Total sales represent ~0.06% of CLBT's $4.1B market cap — below the 0.1% materiality threshold for most insider clusters
- Prior 30-day insider activity shows an additional $2.3M in sells, amplifying the pattern of sustained insider selling
Financial Impact
No direct financial impact from the sales themselves. The $2.31M in combined cash proceeds accrues to the insiders, not the company.
Risk Factors
- CEO and CFO selling concurrently — potential adverse private information before an upcoming event
- Sustained insider selling pattern (30-day $2.3M prior + this cluster) could signal peaking confidence in the stock's valuation
- Cluster sells are historically weak predictors on average, so this alone does not confirm a negative catalyst
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CLBT-1783670715313 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | SC 13G | $11.44 $11.15 | ▼ −2.58% | ▼ −1.09% | $11.93 (+4.28%) |
Oct 7, 2026 20d ago | 144 | $11.23 $10.83 | ▼ −3.52% | ▼ −2.54% | $11.93 (+6.28%) |
Aug 27, 2026 8w ago | Insider Cluster | $11.99 $11.45 | ▼ −4.50% | ▼ −4.61% | $11.93 (−0.50%) |
Aug 27, 2026 8w ago | Insider Cluster | $11.99 $11.45 | ▲ +4.50% | ▲ +4.61% | $11.93 (+0.50%) |
Aug 25, 2026 9w ago | Insider Cluster | $11.62 $11.62 | · 0.00% | ▲ +0.12% | $11.93 (+2.67%) |
Aug 24, 2026 9w ago | Insider Cluster | $11.29 $11.85 | ▲ +4.96% | ▲ +5.50% | $11.93 (+5.67%) |
Aug 19, 2026 9w ago | 144 | $11.24 $11.62 | ▲ +3.38% | ▲ +3.77% | $11.93 (+6.14%) |
Aug 13, 2026 10w ago | Insider Cluster | $11.14 $11.05 | ▼ −0.81% | ▲ +0.56% | $11.93 (+7.09%) |
Aug 13, 2026 10w ago | 6-K | $11.14 $11.05 | ▼ −0.81% | ▲ +0.56% | $11.93 (+7.09%) |
Aug 13, 2026 10w ago | 6-K | $10.80 $11.31 | ▼ −4.72% | ▼ −6.69% | $11.93 (−10.46%) |
US Market Status
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