The cluster is routine in size and pattern — no bearish signal. Monitor next 10-Q for any operational deterioration that might have prompted the sales, but the dollar amount does not warrant action.
Price Chart
Executive Summary
CFO and Chief Business & Legal Officer sold a combined $740K in open-market sales on May 28, 2026, following derivative exercises at nominal prices. The sales are modest relative to the $837M market cap (~0.09%), and the pattern (same-day exercise-and-sell, similar sizes) suggests tax- or liquidity-driven selling rather than informed bearishness. The cluster is amplified by cross-filing actuarial signals, but the absolute dollar amount is below the materiality threshold.
Key Financial Metrics
Key Facts
- CFO Carver sold 18,175 shares at $22.84 for $415K after exercising 15,000 options at $2.99/share.
- Chief Business & Legal Officer Moss sold 14,223 shares at $22.83 for $325K after exercising options at $0 and $1.71.
- Total open-market sales: $740K, representing ~0.09% of the $837M market cap.
- Both sales occurred on the same day (May 28, 2026), consistent with a post-vesting blackout-window opening or 10b5-1 plan.
- No open-market purchases were made by any insider in the cluster.
Financial Impact
Sales of $740K are trivial relative to $837M market cap (0.09%). No material financial impact.
Risk Factors
- Insiders may have additional unexercised options that could lead to further sales in future windows.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EVMN-1780358434141 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | 8-K | $7.21 | awaiting T+60 | — | $5.13 (−28.85%) |
Sep 15, 2026 5w ago | 8-K | $9.99 | awaiting T+60 | — | $5.13 (−48.65%) |
Jul 30, 2026 12w ago | 8-K | $11.35 $5.10 | ▼ −55.07% | ▼ −57.53% | $5.13 (−54.80%) |
Jul 10, 2026 15w ago | Insider Cluster | $12.10 $6.61 | ▼ −45.37% | ▼ −49.37% | $5.13 (−57.60%) |
Jun 29, 2026 17w ago | 8-K | $15.05 $9.60 | ▲ +36.21% | ▲ +40.60% | $5.13 (+65.91%) |
Jun 24, 2026 17w ago | Insider Cluster | $24.13 $9.65 | ▼ −60.01% | ▼ −63.74% | $5.13 (−78.74%) |
Jun 3, 2026 20w ago | Insider Cluster | $20.69 $13.23 | ▲ +36.06% | ▲ +37.94% | $5.13 (+75.21%) |
Jun 2, 2026 20w ago | 144 | $19.73 $13.48 | ▼ −31.68% | ▼ −34.18% | $5.13 (−74.00%) |
Jun 1, 2026 21w ago | Insider Cluster | $19.82 $14.11 | ▼ −28.81% | ▼ −29.93% | $5.13 (−74.12%) |
May 28, 2026 21w ago | 144 | $23.23 $13.67 | ▲ +41.15% | ▲ +42.34% | $5.13 (+77.92%) |
US Market Status
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