Insider selling at these volumes is routine and non-informative. The CEO's sales are likely part of a 10b5-1 plan or tax-related diversification. No bearish signal — monitor next quarterly filing for any change in insider selling cadence or a shift to buying.
Price Chart
Executive Summary
CEO Eric Remer and President Matthew Feierstein sold a combined ~$217K in open-market EVCM shares over a 7-day window. The CEO alone sold ~$667K across five trades in the broader cluster window. At a $1.8B market cap, the total cluster value is ~0.01% of market cap — well below the 0.1% materiality threshold, making this a routine, non-informative insider sale pattern.
Key Financial Metrics
Key Facts
- CEO Eric Remer sold ~$667K in open-market sales across 5 trades from Aug 11-13, 2026
- President Matthew Feierstein sold $51K in open-market sales on Aug 6, 2026
- Total cluster value of ~$217K (Aug 4-11 window) represents ~0.01% of EVCM's $1.8B market cap
- All trades were open-market sales (code S) — no buys in the cluster
- Recent 30-day insider activity shows 10 sells totaling $1.2M, consistent with routine liquidity-driven selling
Financial Impact
Total insider sales of ~$217K in the 7-day cluster window, representing ~0.01% of market cap — immaterial
Risk Factors
- CEO selling pattern could accelerate if stock price rises, but current volume is immaterial
- No insider buying to signal confidence — but absence of buying is not a bearish signal at this scale
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EVCM-1786661101163 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $9.53 | awaiting T+60 | — | $9.76 (+2.41%) |
Sep 21, 2026 4w ago | 8-K | $8.06 | awaiting T+60 | — | $9.76 (+21.09%) |
Sep 21, 2026 5w ago | Press Release | $8.25 | awaiting T+60 | — | $9.76 (+18.30%) |
Sep 14, 2026 5w ago | 3 | $7.88 | awaiting T+60 | — | $9.76 (+23.86%) |
Sep 11, 2026 6w ago | Press Release | $7.56 | awaiting T+60 | — | $9.76 (+29.10%) |
Sep 1, 2026 7w ago | Insider Cluster | $7.93 | awaiting T+60 | — | $9.76 (+23.08%) |
Aug 27, 2026 8w ago | Insider Cluster | $9.20 | awaiting T+60 | — | $9.76 (+6.09%) |
Aug 20, 2026 9w ago | Insider Cluster | $9.64 | awaiting T+60 | — | $9.76 (−1.24%) |
Aug 20, 2026 9w ago | Insider Cluster | $9.64 | awaiting T+60 | — | $9.76 (−1.24%) |
Aug 18, 2026 9w ago | Insider Cluster | $10.11 | awaiting T+60 | — | $9.76 (+3.46%) |
US Market Status
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