The scale of insider selling (~0.5% of market cap) by multiple executives and a major shareholder raises concerns about confidence in near-term prospects. Monitor for follow-up filings or downward revisions in guidance that could confirm negative sentiment.
Price Chart
Executive Summary
Four insiders, including executives and a 10% owner, sold $2.52M in shares over a 7-day period, with open-market sales averaging $6.41–$6.43 per share. The activity follows a prior cluster involving derivative exercises and a small open-market sale by the same insider.
Key Financial Metrics
Key Facts
- Insider cluster involves $2.52M in total open-market sales over 7 days
- Sellers include executives Jason R. Kelly and Reshma P. Shetty, plus 10% owner Barry Canton
- Average sale price: ~$6.41–$6.43, totaling 392.2K shares sold
- All transactions are open-market sales (S code), not non-cash events
- Total value represents ~0.51% of $497M market cap — modest but notable
Financial Impact
$2.52 million in open-market sales by insiders
Risk Factors
- Insider selling may signal lack of confidence in current valuation or upcoming results
- Potential for increased selling pressure if other holders follow suit
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DNA-1776718985742 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 144 | $6.99 $7.88 | ▲ +12.73% | ▲ +11.91% | $12.10 (+73.18%) |
Apr 9, 2026 25w ago | Insider Cluster | $6.43 $7.95 | ▼ −23.64% | ▼ −20.45% | $12.10 (−88.26%) |
Apr 9, 2026 25w ago | Insider Cluster | $6.43 $7.95 | ▼ −23.64% | ▼ −20.45% | $12.10 (−88.26%) |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access