This is a rare and powerful signal — two senior insiders deploying over $2M of personal capital in a concentrated window. Per academic literature, C-suite cluster buys predict ~3.8% abnormal returns over 21 days. Monitor for upcoming pipeline catalysts (clinical trial readouts, regulatory updates) that may have prompted this buying. The absence of any insider sales strengthens the bullish read.
Price Chart
Executive Summary
Two C-suite insiders at Cybin Inc. made open-market purchases totaling $2.16M over a one-week window, with the Executive Chair buying $1.12M and the Chief Growth Officer buying $1.04M. This is a material cluster buy at a clinical-stage biotech, representing a strong conviction signal from senior leadership ahead of potential pipeline catalysts.
Key Financial Metrics
Key Facts
- Executive Chair Eric H. L. So bought 95,000 shares at $11.80 for $1.12M on 2026-09-01
- Chief Growth Officer Paul Glavine bought 90,000 shares at $11.59 for $1.04M on 2026-08-31
- Total insider cluster purchases: $2.16M over 2 trading days
- Both transactions were open-market buys (code P) — not option exercises or grants
- No insider sales were reported in the cluster window
Financial Impact
Two C-suite insiders purchased $2.16M of stock in open market transactions over 2 days
Risk Factors
- Clinical-stage biotech carries binary pipeline risk — a failed trial could erase gains regardless of insider buying
- Market cap not provided in snapshot; if the company is sub-$200M, $2.16M is a very large percentage of float, amplifying both upside and downside
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CYBN-1788991300504 |
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
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