Cluster buys from both the Executive Chair and Chief Growth Officer within one week signal strong insider conviction. With 88% analyst bullish consensus and no disclosed negative catalysts, this likely precedes a material positive event (e.g., clinical data, partnership, or regulatory update). Monitor for upcoming press releases or 8-K filings in the next 2-4 weeks.
Price Chart
Executive Summary
Two C-suite insiders at Cybin (Executive Chair and Chief Growth Officer) made open-market purchases totaling $2.42M over a 6-day window. This is a strong cluster buy signal from senior leadership, representing ~0.74% of market cap, well above the 0.5% materiality threshold. The purchases are concentrated and not part of any disclosed 10b5-1 plan, suggesting conviction ahead of a potential catalyst.
Key Financial Metrics
Key Facts
- Executive Chair Eric So purchased 100,000 shares at $12.39 for $1.24M on 2026-09-08
- Chief Growth Officer Paul Glavine purchased 100,000 shares at $11.78 for $1.18M on 2026-09-03
- Total insider purchases of $2.42M represent ~0.74% of market cap
- Both transactions are open-market buys (code P), not grants or exercises
- No 10b5-1 plan or routine pattern evident — trades are clustered and unscheduled
Financial Impact
$2.42M in insider purchases, ~0.74% of market cap
Risk Factors
- Insider buys are not guarantees of near-term stock appreciation — catalysts may take months to materialize
- Cybin is a pre-revenue biotech; clinical trial failures could reverse any positive momentum
- The purchases, while material, represent a small fraction of total shares outstanding
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CYBN-1789131714770 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 6w ago | Insider Cluster | — | awaiting T+20 | — | — |
Sep 10, 2026 6w ago | Insider Cluster | — | awaiting T+20 | — | — |
Sep 9, 2026 6w ago | Insider Cluster | — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers