The uniform selling by the CEO and subsidiary CEOs on the same day at the same price suggests a coordinated or blackout-window-driven event. Monitor for any upcoming earnings release, material agreement, or operational update that may have prompted this concentrated insider selling. The lack of any insider buying alongside this selling reinforces the bearish read.
Price Chart
Executive Summary
Five CLOV insiders, including CEO Andrew Toy and the CEOs of two key subsidiaries, sold a total of ~$577K in open-market shares on October 15 and 19, 2026. The cluster is 100% selling, with the CEO alone accounting for over half the dollar value, and no 10b5-1 plan indication is noted. This concentrated insider selling at a single price point ($4.68) by the most senior executives is a bearish signal, though the dollar amount is modest relative to the company's market cap.
Key Financial Metrics
Key Facts
- CEO Andrew Toy sold 62,176 shares for ~$291K on October 15.
- CEO of Medicare Advantage Jamie L. Reynoso sold 18,273 shares for ~$86K on October 15 and an additional 4,100 shares for ~$18K on October 19.
- CEO of Counterpart Health Conrad Wai sold 23,627 shares for ~$111K on October 15.
- Chief Legal Officer Karen Soares sold 14,673 shares for ~$69K on October 15.
- Interim CFO Joseph Clay Thornton sold 4,591 shares for ~$21K on October 15.
- Total insider selling in the cluster is approximately $577K, all open-market sales with no disclosed 10b5-1 plan.
- The cluster is 100% selling; no insider purchases were reported.
Financial Impact
Total insider sales of ~$577K, representing approximately 0.18% of CLOV's market cap (based on ~$326M market cap).
Risk Factors
- Insider sales may be pre-planned under a 10b5-1 trading plan, which would reduce the signal's bearishness.
- The dollar amount is modest relative to market cap, so the stock may not react strongly to this cluster alone.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CLOV-1792529044632 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Insider Cluster | $4.78 $4.73 | ▲ +1.05% | ▼ −0.13% | $4.61 (+3.45%) |
Oct 19, 2026 7d ago | 144 | $4.80 $4.78 | ▼ −0.42% | ▼ −0.94% | $4.61 (−3.85%) |
Oct 19, 2026 8d ago | Insider Cluster | $4.80 $4.78 | ▼ −0.42% | ▼ −0.94% | $4.61 (−3.85%) |
Oct 8, 2026 18d ago | 8-K | $4.79 $4.78 | ▼ −0.21% | ▼ −0.15% | $4.61 (−3.65%) |
Oct 7, 2026 19d ago | 144 | $4.58 $4.79 | ▲ +4.59% | ▲ +3.99% | $4.61 (+0.76%) |
Oct 5, 2026 21d ago | Insider Cluster | $4.60 $4.56 | ▲ +0.87% | ▲ +0.63% | $4.61 (−0.33%) |
Oct 1, 2026 25d ago | 3 | $4.38 $4.68 | ▲ +6.85% | ▲ +6.17% | $4.61 (+5.37%) |
Sep 24, 2026 4w ago | 8-K | $4.49 $4.33 | ▼ −3.56% | ▼ −2.82% | $4.61 (+2.78%) |
Sep 18, 2026 5w ago | Insider Cluster | $4.54 $4.67 | ▼ −2.86% | ▼ −2.88% | $4.61 (−1.65%) |
Sep 17, 2026 5w ago | Insider Cluster | $4.46 $4.54 | ▼ −1.79% | ▼ −0.24% | $4.61 (−3.48%) |
US Market Status
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