The cluster of director purchases coinciding with a material agreement filing is a strong bullish signal. Traders should monitor for further details on the operating agreement amendments and any upcoming earnings or strategic updates that may catalyze the stock. The $18.50 purchase price provides a near-term floor for sentiment.
Price Chart
Executive Summary
Two directors at EagleRock Land, LLC made open-market purchases totaling $4.72M on the same day the company filed an amended operating agreement for its subsidiary. Director Lott Jeff Slaughter bought $4.63M worth of shares at $18.50, and Director Kumar Raj bought $100K at the same price. The cluster coincides with a material agreement filing, amplifying the signal that insiders are betting on positive developments.
Key Financial Metrics
Key Facts
- Two directors made open-market purchases totaling $4.72M on May 15, 2026.
- Lott Jeff Slaughter purchased 250,000 shares at $18.50, representing $4.63M.
- Kumar Raj purchased 5,405 shares at $18.50, representing $100K.
- Purchases occurred on the same day as an 8-K filing for an amended operating agreement of EagleRock Land Operating, LLC.
- Total insider purchases represent approximately 0.16% of the $3.0B market cap.
- No open-market sales were reported in the cluster.
Financial Impact
Total insider purchases of $4.72M, or ~0.16% of market cap, concentrated in two directors on the same day as a material corporate agreement.
Risk Factors
- The purchases, while significant in dollar terms, represent a small fraction of market cap (0.16%) and may not drive sustained price action.
- The amended operating agreement may contain terms that dilute existing holders or impose restrictions on share transfers.
- No C-suite insiders participated, reducing the signal strength compared to a CEO/CFO-led cluster.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EROK-1779230373187 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | 8-K | $25.85 $26.21 | ▲ +1.39% | ▲ +2.45% | $21.47 (−16.94%) |
Jun 24, 2026 14w ago | 8-K | $20.46 $22.18 | ▲ +8.41% | ▲ +6.47% | $21.47 (+4.94%) |
May 19, 2026 19w ago | Insider Cluster | $23.04 $20.65 | ▼ −10.37% | ▼ −11.11% | $21.47 (−6.81%) |
May 19, 2026 19w ago | 3 | $23.29 $19.99 | ▼ −14.17% | ▼ −15.15% | $21.47 (−7.81%) |
May 14, 2026 20w ago | 424B4 | $21.55 $21.25 | ▼ −1.39% | ▼ −3.51% | $21.47 (−0.37%) |
May 13, 2026 20w ago | 3 | $21.84 $21.25 | ▼ −2.70% | ▼ −1.84% | $21.47 (−1.69%) |
May 13, 2026 20w ago | 3 | $21.84 $21.25 | ▼ −2.70% | ▼ −1.84% | $21.47 (−1.69%) |
May 13, 2026 20w ago | 3 | $21.84 $21.25 | ▼ −2.70% | ▼ −1.84% | $21.47 (−1.69%) |
May 13, 2026 20w ago | 3 | $21.84 $21.25 | ▼ −2.70% | ▼ −1.84% | $21.47 (−1.69%) |
May 11, 2026 20w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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