The coordinated sale by the entire C-suite on the same day at the same price suggests a pre-arranged 10b5-1 plan or tax-related event rather than a bearish signal. Given the trivial size relative to market cap, no material price impact is expected. Monitor for any subsequent Form 4 filings that might reveal the plan's adoption date.
Price Chart
Executive Summary
A cluster of insider sales at Clover Health, totaling ~$439K, was executed by the CEO, Interim CFO, Chief Legal Officer, and two subsidiary CEOs on July 15, 2026. While the dollar amount is modest relative to the $2.3B market cap (~0.02%), the participation of the top executive suite in a single-day coordinated sale is notable. Historical calibration for this ticker shows poor T+20 performance for prior reports, and the sales are small relative to market cap, suggesting a routine liquidity event rather than a bearish signal.
Key Financial Metrics
Key Facts
- CEO Andrew Toy sold 62,711 shares for ~$293K
- Interim CFO Joseph Thornton sold 4,630 shares for ~$22K
- Chief Legal Officer Karen Soares sold 10,519 shares for ~$49K
- CEO of Medicare Advantage Jamie Reynoso sold 13,119 shares for ~$61K
- CEO of Counterpart Health Conrad Wai sold 24,215 shares for ~$113K
- Total cluster value of ~$439K represents ~0.02% of $2.3B market cap
- All sales occurred on July 15, 2026, at $4.67/share
Financial Impact
Total insider sales of ~$439K, representing ~0.02% of market cap
Risk Factors
- Insider sales could signal management's lack of confidence if they accelerate
- Historical T+20 performance for CLOV reports has been poor, with a -2.56% average return
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CLOV-1784279440771 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $4.56 $4.57 | ▲ +0.22% | ▼ −2.34% | $4.41 (−3.40%) |
Aug 17, 2026 6w ago | Insider Cluster | $4.23 $4.13 | ▲ +2.36% | ▲ +2.16% | $4.41 (−4.14%) |
Aug 11, 2026 7w ago | Court Ruling | $4.39 $4.23 | ▼ −3.64% | ▼ −3.24% | $4.41 (+0.34%) |
Jul 20, 2026 10w ago | Insider Cluster | $4.79 $4.27 | ▼ −10.86% | ▼ −9.63% | $4.41 (−8.04%) |
Jul 17, 2026 11w ago | Insider Cluster | $4.62 $4.55 | ▼ −1.52% | ▼ −0.83% | $4.41 (−4.65%) |
Jul 16, 2026 11w ago | Insider Cluster | $4.62 $4.55 | ▼ −1.52% | ▼ −0.83% | $4.41 (−4.65%) |
Jul 16, 2026 11w ago | Insider Cluster | $4.62 $4.55 | ▼ −1.52% | ▼ −0.83% | $4.41 (−4.65%) |
Jul 9, 2026 12w ago | Insider Cluster | $4.68 $4.40 | ▼ −5.98% | ▼ −5.85% | $4.41 (−5.88%) |
Jul 6, 2026 12w ago | Insider Cluster | $5.00 $4.82 | ▼ −3.60% | ▼ −4.15% | $4.41 (−11.90%) |
Jun 17, 2026 15w ago | Insider Cluster | $4.80 $5.21 | ▲ +8.54% | ▲ +9.58% | $4.41 (−8.23%) |
US Market Status
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