Monitor for additional insider selling; Tarbert's monetization may signal reduced conviction ahead of potential headwinds. Watch for Q1 earnings or strategic updates that could coincide with this timing.
Price Chart
Executive Summary
President Heath Tarbert exercised options and sold over $1.2M in shares, while Director Burns sold $1.18M. The cluster includes both open-market sales and derivative exercises, with total open-market proceeds of $2.48M. This represents insider selling coinciding with option monetization.
Key Financial Metrics
Key Facts
- President Heath Tarbert sold 11,240 shares in the open market for $1.29M at ~$115.12 per share.
- Tarbert also exercised 43,694 derivative securities at $25.09 and another batch at $0 (likely incentive options), indicating monetization of long-held equity.
- Director Michele Burns sold 10,519 shares for $1.18M at $112.64 per share.
- Total open-market sale value: $2.48M across two insiders.
- Cluster represents ~0.0087% of $28.5B market cap — modest in size but notable due to C-suite participation.
Financial Impact
$2.48M in open-market sales by C-suite and director; no cash inflow to company
Risk Factors
- Perception of insider profit-taking at elevated valuation
- Potential for follow-on selling by other executives
- Dilution from exercised options, though likely already factored into float
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (4 trades, 7d window) | cluster-CRCL-1773694934567 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $90.60 $91.78 | ▼ −1.30% | ▼ −1.64% | $81.95 (+9.55%) |
Sep 3, 2026 29d ago | Insider Cluster | $103.23 $90.60 | ▼ −12.23% | ▼ −11.09% | $81.95 (−20.61%) |
Sep 3, 2026 29d ago | Insider Cluster | $103.23 $90.60 | ▼ −12.23% | ▼ −11.09% | $81.95 (−20.61%) |
Sep 2, 2026 4w ago | 144 | $88.64 $90.32 | ▲ +1.90% | ▲ +2.85% | $81.95 (−7.55%) |
Sep 2, 2026 4w ago | 144 | $88.64 $90.32 | ▲ +1.90% | ▲ +2.85% | $81.95 (−7.55%) |
Sep 1, 2026 4w ago | 144 | $89.48 $92.99 | ▲ +3.92% | ▲ +3.84% | $81.95 (−8.42%) |
Aug 24, 2026 5w ago | Insider Cluster | $92.02 $89.48 | ▼ −2.76% | ▼ −2.22% | $81.95 (−10.94%) |
Aug 21, 2026 5w ago | Insider Cluster | $87.72 $95.55 | ▲ +8.93% | ▲ +8.46% | $81.95 (−6.58%) |
Aug 21, 2026 6w ago | 144 | $87.98 $87.14 | ▼ −0.95% | ▼ −1.43% | $81.95 (−6.85%) |
Aug 20, 2026 6w ago | 144 | $87.98 $87.14 | ▼ −0.95% | ▼ −1.43% | $81.95 (−6.85%) |
US Market Status
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