Insider Cluster (1 insider) ·Filed Mar 3, 2026

COLL

COLLEGIUM PHARMACEUTICAL, INC
NEUTRAL
Impact 4/10
Horizondays Processed6mo ago
Insider cluster: 2 insiders, $2.1M total
Actionable Insight • Neutral

Monitor for additional insider selling or commentary around earnings; while this sale is modest in absolute terms and represents 0.02% of market cap, the cumulative volume over 30 days may signal reduced confidence among executives.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
COLL ▼ -15.78% at T+60d
NEUTRAL call ✗ call lost -15.78% · α vs SPY -26.10% · entry $39.99 → $33.68
Entry anchored
Mar 2, 03:59 PM ET
via exchange tick
T+1d
-0.95%
call -0.95% · α -1.71%
$39.61
settled 7mo ago
T+5d
-8.45%
call -8.45% · α -7.97%
$36.61
settled 7mo ago
T+20d
-17.30%
call -17.30% · α -12.90%
$33.07
settled 6mo ago
T+60d
-15.78%
call -15.78% · α -26.10%
$33.68
settled 4mo ago

Price Chart

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Executive Summary

EVP & General Counsel Dieter David sold 6,224 shares in an open-market transaction for approximately $228,110. This is part of a broader pattern of insider selling, with $2.1 million in total sales over the past 30 days.

Key Financial Metrics

Direction
selling
Total Value
$228.1K
Insiders
1

Key Facts

  • Dieter David (EVP & General Counsel) sold 6,224 shares at $36.65 per share
  • Total transaction value: $228,109.60
  • All transactions were open-market sales (code 'S')
  • Total insider selling at COLL over the past 30 days: $2.1 million

Financial Impact

$228,110 in open-market sales by one executive, part of $2.1M in total insider selling over 30 days

insider ownershipmarket sentiment

Risk Factors

  • Sustained insider selling could indicate lack of confidence in near-term prospects
  • Concentration of sales among senior executives increases signal relevance

Market Snapshot

Exchange
Nasdaq

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (1 trades, 7d window)cluster-COLL-1773259879442
12 reports for COLL
Performance horizon
25% Hit rate 1 of 4 directional calls best @ T+1▲ +0.28%Aug 13, 2026
Filters
Rows
Reports for COLL — sortable, filterable
TypeNow
Aug 19, 2026
6w ago
Court Ruling
MIXED ★ 5/10
$28.74 $22.38▼ −22.13%▼ −20.18%$22.07 (−23.21%)
Aug 13, 2026
7w ago
8-K
BULLISH ★ 5/10
$28.15 $22.75▼ −19.18%▼ −17.44%$22.07 (−21.60%)
Aug 6, 2026
8w ago
8-K
MIXED ★ 6/10
$29.11 $23.70▼ −18.58%▼ −19.18%$22.07 (−24.18%)
May 15, 2026
19w ago
Insider Cluster
NEUTRAL ★ 3/10
$33.65 $34.65▲ +2.97%▲ +1.39%$22.07 (−34.41%)
May 12, 2026
20w ago
Press Release
BULLISH ★ 7/10
$35.69 $34.80▼ −2.49%▼ −0.77%$22.07 (−38.16%)
May 11, 2026
20w ago
144
NEUTRAL ★ 2/10
$35.81 $34.40▼ −3.94%▼ −3.63%$22.07 (−38.37%)
Apr 23, 2026
23w ago
Press Release
NEUTRAL ★ 2/10
$32.28 $34.22▲ +6.01%▲ +1.38%$22.07 (−31.63%)
Apr 7, 2026
25w ago
8-K
NEUTRAL ★ 3/10
$33.43 $35.32▲ +5.65%▼ −2.89%$22.07 (−33.98%)
Mar 19, 2026
28w ago
Press Release
BULLISH ★ 8/10
$36.30 $34.41▼ −5.21%▼ −12.83%$22.07 (−39.20%)
Mar 3, 2026
30w ago
Press Release
NEUTRAL ★ 3/10
$39.99 $33.07▼ −17.30%▼ −12.90%$22.07 (−44.81%)
Showing 10 of 12

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Report published Mar 11, 2026