The insider selling is too small in dollar terms to signal a bearish view. Monitor for any larger insider sales or changes in fundamentals (e.g., upcoming pipeline readouts or earnings) that could drive price action. No immediate trading action warranted.
Price Chart
Executive Summary
Two Denali Therapeutics insiders (COFO/Secretary Schuth and Director Thornberry) sold a combined $312K in open-market transactions over a 2-day window. The total value represents only ~0.009% of the company's $3.6B market cap — a trivial amount that does not convey material negative information.
Key Financial Metrics
Key Facts
- Total insider sales: $312K across 2 insiders (Schuth $65K, Thornberry $247K)
- Sales represent ~0.009% of DNLI's $3.6B market cap — well below the 0.1% materiality threshold
- Both transactions were open-market sells; no 10b5-1 plan indicated
- No insider purchases in the cluster to offset the selling
Financial Impact
Trivial — $312K in sales is immaterial relative to $3.6B market cap
Risk Factors
- Insider selling could accelerate if management becomes more bearish on upcoming catalysts
- DNLI's historical T+20 win rate on prior reports is low (22%), suggesting limited predictive power from insider activity alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DNLI-1788555777764 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | Insider Cluster | $21.57 $20.06 | ▼ −7.00% | ▼ −6.34% | $20.00 (−7.28%) |
Sep 4, 2026 27d ago | Insider Cluster | $22.08 $20.38 | ▼ −7.70% | ▼ −6.58% | $20.00 (−9.42%) |
Aug 6, 2026 8w ago | 8-K | $24.83 $24.40 | ▼ −1.73% | ▼ −2.13% | $20.00 (−19.45%) |
Jul 27, 2026 9w ago | Press Release | $24.05 $23.15 | ▲ +3.74% | ▲ +6.01% | $20.00 (+16.84%) |
Jun 18, 2026 15w ago | 8-K | $23.31 $24.73 | ▲ +6.09% | ▲ +7.76% | $20.00 (−14.20%) |
Jun 18, 2026 15w ago | Press Release | $23.31 $24.73 | ▲ +6.09% | ▲ +7.76% | $20.00 (−14.20%) |
Jun 11, 2026 16w ago | Institutional Cluster | $21.02 $23.49 | ▲ +11.75% | ▲ +11.32% | $20.00 (−4.85%) |
May 21, 2026 19w ago | Press Release | $18.64 $20.41 | ▼ −9.50% | ▼ −7.84% | $20.00 (−7.30%) |
May 7, 2026 21w ago | Press Release | $19.62 $19.39 | ▼ −1.17% | ▼ −2.64% | $20.00 (+1.94%) |
Apr 3, 2026 26w ago | 8-K | $19.38 $19.42 | ▲ +0.21% | ▼ −3.93% | $20.00 (+3.20%) |
US Market Status
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