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Insider Cluster (2 insiders) ·Filed Mar 17, 2026

EOLS

Evolus, Inc.
BEARISH
Impact 7/10
Horizondays Processed7mo ago
Insider cluster: 2 insiders, $717K total
Actionable Insight ▼ Bearish

Traders should monitor for potential downward pressure on EOLS shares, particularly given the concentration of selling among C-suite executives. The timing may suggest lack of confidence in near-term prospects or an effort to diversify holdings after a vesting event.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
EOLS ▲ +36.46% at T+60d
SHORT call ✗ call lost -36.46% · α vs SPY -26.60% · entry $4.91 → $6.70
Entry = T+0 close
Mar 16, 2026
via day close
T+1d
-1.63%
call +1.63% · α +0.23%
$4.83
settled 7mo ago
T+5d
-9.78%
call +9.78% · α +7.12%
$4.43
settled 7mo ago
T+20d
-5.70%
call +5.70% · α +10.00%
$4.63
settled 7mo ago
T+60d
+36.46%
call -36.46% · α -26.60%
$6.70
settled 5mo ago

Price Chart

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Executive Summary

Two Evolus insiders, including CEO David Moatazedi and executive Rui Avelar, sold shares in the open market, totaling $717K in proceeds. These sales were accompanied by non-cash derivative exercises of over 150,000 shares. The open-market selling represents a material move by top executives and is notable given the company's $319M market cap.

Key Financial Metrics

Direction
selling
Total Value
$717.2K
Insiders
2

Key Facts

  • CEO David Moatazedi sold $570,562 worth of shares in open-market transactions on March 17, 2026.
  • Rui Avelar sold $146,629 worth of shares on the same day.
  • Both insiders also exercised derivatives totaling 152,586 shares on March 16, 2026, with no cash outlay (non-cash events).
  • Total open-market sale value: $717,191.82, representing ~0.22% of Evolus' $319M market cap.
  • All transactions occurred within a 2-day window, indicating coordinated timing.

Financial Impact

$717K in open-market insider selling, 0.22% of market cap

insider ownershipmarket sentimentshareholder dilution (potential)

Risk Factors

  • Insider selling can signal negative sentiment, especially when concentrated among top executives.
  • Potential for further selling if other insiders follow suit or if options continue to vest.

Market Snapshot

Exchange
Nasdaq

Investment Themes

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (6 trades, 7d window)cluster-EOLS-1773878457084
8 reports for EOLS
Performance horizon
100% Hit rate @ T+1 3 of 3 directional calls Went positive at some point 3 of 3 best @ T+60▲ +17.82%Jul 8, 2026
Filters
Rows
Reports for EOLS — sortable, filterable
TypeNow
Aug 13, 2026
10w ago
Institutional Cluster
BULLISH ★ 5/10
$8.02 $8.16▲ +1.68%▲ +1.88%$7.37 (−8.10%)
Aug 4, 2026
12w ago
8-K
NEUTRAL ★ 4/10
$6.12 $6.18▲ +0.98%▲ +1.18%$7.37 (+20.42%)
Jul 8, 2026
15w ago
8-K
BULLISH ★ 6/10
$6.79 $6.85▲ +0.88%▲ +0.04%$7.37 (+8.54%)
Jun 15, 2026
19w ago
EFFECT
NEUTRAL ★ 3/10
$6.75 $6.63▼ −1.78%▼ −1.18%$7.37 (+9.19%)
Jun 5, 2026
20w ago
S-3
NEUTRAL ★ 3/10
$6.68 $6.70▲ +0.30%▲ +0.59%$7.37 (+10.33%)
Apr 29, 2026
25w ago
DEFA14A
NEUTRAL ★ 3/10
$5.18 $5.39▲ +4.05%▲ +3.03%$7.37 (+42.28%)
Mar 17, 2026
32w ago
Insider Cluster
BEARISH ★ 6/10
$4.91 $4.83▲ +1.63%▲ +0.23%$7.37 (−50.10%)
Mar 17, 2026
32w ago
Insider Cluster
BEARISH ★ 7/10
$4.91 $4.83▲ +1.63%▲ +0.23%$7.37 (−50.10%)
Showing 8 of 8

US Market Status

Market Closed — Opens Wed (< 1m)

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Report published Mar 18, 2026