Insider selling is trivial relative to market cap and likely reflects routine portfolio diversification or tax planning. No bearish signal. Monitor for any material change in insider buying patterns or a significant increase in selling volume above 0.1% of market cap.
Price Chart
Executive Summary
Two DVN insiders (EVP & Chief Corp Dev Officer and SVP & General Counsel) sold a combined $4.42M in open-market sales over a 4-day window. A director also made a large gift and tax-withholding transaction (non-cash). The total open-market sales represent ~0.014% of DVN's $30.9B market cap, which is trivial and routine. No insider buying occurred.
Key Financial Metrics
Key Facts
- EVP & Chief Corp Dev Officer Jeffrey Ritenour sold 70,000 shares at $46.66 for $3.27M on 2026-05-11.
- SVP & General Counsel Adam Vela sold 24,342 shares at $47.21 for $1.15M on 2026-05-14.
- Director Thomas Jorden made a gift of 315,892 shares ($0) and tax-withholding surrender of 52,806 shares ($2.61M) on 2026-05-15 — both non-cash events.
- Total open-market sales of $4.42M represent ~0.014% of DVN's $30.9B market cap — well below the 0.1% materiality threshold.
- No insider open-market purchases were reported in the cluster.
Financial Impact
Open-market insider sales of $4.42M, or ~0.014% of market cap — immaterial.
Risk Factors
- No material risk identified from this cluster alone.
- If broader insider selling accelerates above 0.5% of market cap, it could signal management concern about near-term fundamentals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DVN-1779226257009 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $49.73 $47.59 | ▼ −4.30% | ▼ −5.96% | $47.35 (−4.79%) |
Jul 13, 2026 11w ago | Institutional Cluster | $43.73 $43.83 | ▲ +0.23% | ▲ +1.01% | $47.35 (+8.28%) |
Jun 25, 2026 14w ago | 8-K | $42.21 $40.47 | ▼ −4.12% | ▼ −6.29% | $47.35 (+12.18%) |
Jun 9, 2026 16w ago | Press Release | $46.60 $42.89 | ▼ −7.96% | ▼ −11.39% | $47.35 (+1.61%) |
Jun 5, 2026 16w ago | 8-K | $45.08 $43.53 | ▼ −3.44% | ▼ −5.55% | $47.35 (+5.04%) |
May 22, 2026 19w ago | 8-K | $47.29 $46.31 | ▼ −2.07% | ▼ −3.73% | $47.35 (+0.13%) |
May 21, 2026 19w ago | 8-K | $47.09 $44.50 | ▼ −5.50% | ▼ −7.35% | $47.35 (+0.56%) |
May 21, 2026 19w ago | Press Release | $47.09 $44.50 | ▼ −5.50% | ▼ −7.35% | $47.35 (+0.56%) |
May 15, 2026 19w ago | Insider Cluster | $49.67 $45.14 | ▼ −9.12% | ▼ −10.74% | $47.35 (−4.66%) |
May 15, 2026 19w ago | Insider Cluster | $49.67 $45.14 | ▼ −9.12% | ▼ −10.74% | $47.35 (−4.66%) |
US Market Status
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