Ignore this cluster — the dollar amounts are trivial relative to market cap and consistent with routine portfolio diversification. No insider buying to offset the sales. Monitor upcoming Phase 2/3 readouts for the real catalysts; insider trading patterns here are noise.
Price Chart
Executive Summary
Three Denali insiders (COFO, Director, CMO) sold a total of ~$349K in open-market sales over a 5-day window. The aggregate dollar value is ~0.01% of the $3.5B market cap, well below the 0.1% materiality threshold. These are routine, small-dollar sales by a mix of C-suite and board members — no single insider sold more than $250K. The cluster carries no informational signal and does not change the fundamental outlook for the stock.
Key Financial Metrics
Key Facts
- Three insiders sold shares totaling ~$349K over 5 days
- Total sales represent ~0.01% of $3.5B market cap — trivial
- Sales were open-market (code S), not tax-withholding or derivative exercises
- Largest single sale was Director Thornberry's $247K; COFO Schuth sold $65K; CMO Chin sold $37K
- No insider bought shares in the cluster window
Financial Impact
~$349K in insider sales, ~0.01% of market cap — immaterial
Risk Factors
- Small insider sales could precede a broader sell-off if negative data emerges, but the amounts here are too small to signal informed selling
- No insider buying to signal conviction ahead of catalysts
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-1789027737969 |
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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