This cluster is a structural vesting/sale pattern, not an informed trade signal. Ignore for trading — no edge. Watch for any upcoming ENTG 8-K earnings (2.02) or guidance release; if that arrives in the next 7-10 days with commentary, that filing would carry the real signal. The 0.013% of cap sold is below the noise floor for a $19.4B company.
Price Chart
Executive Summary
Four ENTG senior executives (SVP-level in Finance, HR, APS Division, Strategy, and Legal) sold shares in a tight cluster from May 14–15, 2026. Total open-market sales were ~$2.59M at an average price near $140–$145, or ~0.013% of the $19.4B market cap. Every sale followed the exercise of stock-settled derivatives at zero strike or low exercise prices — this is a classic vesting-and-sell pattern, not a discretionary bearish exit. There is no C-suite (CEO/CFO) participation beyond the CFO's non-cash grant. The dollar amount is negligible relative to company size, and the sales are structurally tied to option exercises, making the signal statutorily non-informative per academic literature.
Key Financial Metrics
Key Facts
- Total open-market sales: ~$2.59M across 4 SVP-level insiders
- Sales represent ~0.013% of ENTG's $19.4B market cap — trivial by any materiality standard
- Every sale was preceded by a same-day or near-day derivative exercise (M at $0/$55.72/$80.71/$98.11), consistent with cashless vesting and tax liability management
- No CEO, no CFO (the CFO received a non-cash grant only), no Board member sold; all sellers are functional SVPs
- Share prices of $133–$145 sit well above the option exercise prices, creating a mechanical incentive to sell regardless of forward view
- Other recent filings/context not provided; no earnings, restructuring, or late-filing escalation present in this cluster data
Financial Impact
$2.59M in gross proceeds, zero net capital flow (all sales funded option exercise costs on a dollar-neutral or near-dollar-neutral basis for cashless exercises)
Risk Factors
- The cluster is too small in dollar terms to move the stock even if sentiment were negative
- No executive chairman, CEO, or CFO sold — the most senior decision-makers are absent from the sell side
- All sales are mechanically linked to option exercises at deep in-the-money strikes, making them liquidity/vesting events, not discretionary bearish signals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ENTG-1779216705832 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Insider Cluster | $163.09 $129.64 | ▼ −20.51% | ▼ −18.53% | $166.47 (+2.07%) |
Aug 17, 2026 6w ago | Insider Cluster | $163.09 $129.64 | ▼ −20.51% | ▼ −18.53% | $166.47 (+2.07%) |
Aug 14, 2026 7w ago | Insider Cluster | $161.76 $128.52 | ▼ −20.55% | ▼ −18.56% | $166.47 (+2.91%) |
Jul 29, 2026 9w ago | 8-K | $117.11 $145.31 | ▲ +24.08% | ▲ +20.11% | $166.47 (+42.15%) |
Jul 15, 2026 11w ago | 8-K | $138.69 $161.08 | ▲ +16.14% | ▲ +13.80% | $166.47 (+20.03%) |
Jun 12, 2026 16w ago | Institutional Cluster | $150.52 $145.35 | ▼ −3.43% | ▼ −5.21% | $166.47 (+10.60%) |
Jun 4, 2026 17w ago | Insider Cluster | $139.22 $146.66 | ▲ +5.34% | ▲ +6.97% | $166.47 (+19.57%) |
May 18, 2026 19w ago | Insider Cluster | $127.23 $162.89 | ▲ +28.02% | ▲ +25.83% | $166.47 (+30.84%) |
May 18, 2026 19w ago | Insider Cluster | $127.23 $162.89 | ▲ +28.02% | ▲ +25.83% | $166.47 (+30.84%) |
May 18, 2026 19w ago | Insider Cluster | $127.23 $162.89 | ▲ +28.02% | ▲ +25.83% | $166.47 (+30.84%) |
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