This cluster is non-actionable. The dollar amount is immaterial relative to market cap, and the CEO's pattern of two identical daily sales strongly suggests a pre-arranged 10b5-1 plan. Per academic literature, insider sales clusters are not predictive of future returns. Monitor for any Form 4 filings that disclose a 10b5-1 plan adoption, but no trading action is warranted.
Price Chart
Executive Summary
CEO Randall Stuewe and EVP Nicholas Kemphaus sold a combined $740,563 in open-market sales over a 3-day window, with the CEO executing two consecutive daily sales of 5,000 shares each. At a $10.4B market cap, the total represents just 0.007% of market cap — trivial in scale. The CEO's pattern of two identical daily sales suggests a pre-arranged 10b5-1 plan or routine diversification, not opportunistic selling on negative information. The cluster is not actionable given the proportionality and the weak predictive power of insider sales per academic literature.
Key Financial Metrics
Key Facts
- CEO Randall Stuewe sold 10,000 shares total ($640,250) on Aug 12-13, 2026 at $63.26-$64.79
- EVP Nicholas Kemphaus sold 1,591 shares ($100,313) on Aug 10, 2026 at $63.05
- Total insider sales of $740,563 represent 0.007% of DAR's $10.4B market cap
- No insider buying in the cluster; all three trades are open-market sales
- The CEO's back-to-back identical-size sales suggest a 10b5-1 plan rather than opportunistic selling
Financial Impact
Trivial — $740,563 in sales equals 0.007% of $10.4B market cap
Risk Factors
- CEO selling could be misinterpreted by retail as a negative signal despite the trivial scale
- If the CEO's sales are NOT under a 10b5-1 plan, it would be unusual for a $10B company CEO to sell only $640K — suggesting routine portfolio rebalancing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DAR-1786738792066 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Insider Cluster | $68.34 $65.56 | ▼ −4.07% | ▼ −2.76% | $62.94 (−7.90%) |
Aug 14, 2026 6w ago | Insider Cluster | $67.67 $66.54 | ▲ +1.67% | ▼ −0.31% | $62.94 (+6.99%) |
Aug 14, 2026 7w ago | Insider Cluster | $67.67 $66.54 | ▼ −1.67% | ▲ +0.31% | $62.94 (−6.99%) |
Jul 30, 2026 9w ago | 8-K | $61.00 $61.39 | ▲ +0.64% | ▼ −3.33% | $62.94 (+3.18%) |
Jun 12, 2026 16w ago | Institutional Cluster | $56.99 $60.83 | ▲ +6.74% | ▲ +4.96% | $62.94 (+10.44%) |
Jun 11, 2026 16w ago | Institutional Cluster | $57.00 $60.19 | ▲ +5.60% | ▲ +3.71% | $62.94 (+10.42%) |
Apr 30, 2026 22w ago | 8-K | $64.23 $59.10 | ▼ −7.99% | ▼ −13.21% | $62.94 (−2.01%) |
Mar 19, 2026 28w ago | DEFA14A | $55.14 $59.08 | ▲ +7.15% | ▼ −2.17% | $62.94 (+14.15%) |
Feb 25, 2026 31w ago | 8-K | $52.95 $58.98 | ▲ +11.39% | ▲ +17.79% | $62.94 (+18.87%) |
US Market Status
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