This insider cluster is too small to warrant a trading signal. The CFO's sales are likely liquidity/plan-driven. Monitor next earnings (Q2 2026) for any guidance changes, but this filing alone does not indicate insider concern.
Price Chart
Executive Summary
CFO Larry Madden and Director Max Valdes sold a combined $217K in open-market sales over two days (June 8-9), representing ~0.03% of DSP's $779M market cap. The CFO's sales ($406K total including June 5) are the most notable, but the dollar amount is trivial relative to company size. Non-cash grants and gifts by COO Vanderhook have no economic signal. The cluster is small and routine — no material directional read-through.
Key Financial Metrics
Key Facts
- CFO Larry Madden sold 14,670 shares at $12.10 on June 8 ($177K) and 18,663 shares at $12.24 on June 5 ($228K), totaling ~$406K in open-market sales.
- Director Max Valdes sold 3,300 shares at $12.10 on June 8 ($40K) and 3,386 shares at $11.97 on June 9 ($41K), totaling ~$81K.
- COO Christopher Vanderhook had non-cash grants and gifts of 52,096 shares each at $0 — no economic signal.
- Total open-market sales of ~$486K represent ~0.06% of DSP's $779M market cap — well below the 0.1% materiality threshold.
- The CFO's sales are the largest by dollar value but are routine in size relative to his likely holdings and compensation.
Financial Impact
Total open-market sales of ~$486K over the cluster window, representing ~0.06% of market cap. Immaterial.
Risk Factors
- CFO selling ~$406K over a short window could be interpreted as a modest negative signal if it deviates from historical patterns, but the dollar amount is trivial relative to market cap.
- No material risk identified from this cluster.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DSP-1781136004825 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | SC 13G/A | $13.81 | awaiting T+60 | — | $14.09 (+2.03%) |
Sep 17, 2026 5w ago | 8-K | $11.88 | awaiting T+60 | — | $14.09 (+18.60%) |
Sep 16, 2026 5w ago | 144 | $10.02 | awaiting T+60 | — | $14.09 (+40.62%) |
Sep 16, 2026 5w ago | 424B5 | $10.02 | awaiting T+60 | — | $14.09 (−40.62%) |
Aug 12, 2026 10w ago | 3 | $12.98 | awaiting T+60 | — | $14.09 (+8.55%) |
Aug 10, 2026 11w ago | 8-K | $13.19 | awaiting T+60 | — | $14.09 (+6.82%) |
Aug 10, 2026 11w ago | 8-K | $13.19 | awaiting T+60 | — | $14.09 (+6.82%) |
Jul 27, 2026 13w ago | Insider Cluster | $11.36 $13.54 | ▲ +19.19% | ▲ +14.84% | $14.09 (+24.03%) |
Jul 23, 2026 13w ago | Insider Cluster | $10.70 $12.80 | ▼ −19.63% | ▼ −15.90% | $14.09 (−31.68%) |
Jul 6, 2026 16w ago | 144 | $12.68 $12.31 | ▼ −2.92% | ▼ −4.91% | $14.09 (+11.12%) |
US Market Status
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