Two top EXTR insiders, the CEO and Chief Legal Officer, unloaded $3.14M of stock in an open-market sell cluster over six trading days. The CEO alone sold 100K shares worth $2.92M at ~$29.20, representing ~0.08% of market cap. While the dollar amount is modest relative to the $3.7B market cap, the involvement of the highest-ranking executive and the pattern of concentrated insider selling warrants attention, especially given EXTR's recent strong price performance.
Price Chart
Executive Summary
Two top EXTR insiders, the CEO and Chief Legal Officer, unloaded $3.14M of stock in an open-market sell cluster over six trading days. The CEO alone sold 100K shares worth $2.92M at ~$29.20, representing ~0.08% of market cap. While the dollar amount is modest relative to the $3.7B market cap, the involvement of the highest-ranking executive and the pattern of concentrated insider selling warrants attention, especially given EXTR's recent strong price performance.
Key Financial Metrics
Key Facts
- CEO Meyercord sold 100K shares for $2.92M on June 2 at $29.195.
- C-suite cluster of two executives sold $3.14M total over 7 days.
- Sales represent ~0.08% of EXTR's $3.7B market cap — below the 0.1% materiality threshold for bearish classification.
- Prior 30-day insider activity showed 5 sells for $3.8M, extending the selling trend.
Financial Impact
~0.08% of market cap sold by insiders in the cluster, or $3.14M total.
Risk Factors
- CEO selling $2.92M in stock could be interpreted as limited upside conviction at current levels near $30.
- Insider sell cluster aligns with prior 30-day selling trend ($3.8M), suggesting a pattern of distribution.
- If earnings disappoint, the cluster could be re-evaluated as informed selling ahead of weaker results.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-EXTR-1780949904967 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | DEFA14A | $22.73 $21.91 | ▼ −3.61% | ▼ −2.70% | $23.85 (+4.93%) |
Aug 26, 2026 8w ago | 8-K | $23.23 $21.64 | ▼ −6.84% | ▼ −6.34% | $23.85 (+2.67%) |
Aug 11, 2026 10w ago | Insider Cluster | $24.42 $21.18 | ▼ −13.27% | ▼ −11.37% | $23.85 (−2.33%) |
Aug 5, 2026 11w ago | 8-K | $26.19 $22.01 | ▼ −15.96% | ▼ −15.36% | $23.85 (−8.93%) |
Jul 30, 2026 12w ago | 8-K | $29.84 $23.23 | ▼ −22.15% | ▼ −26.12% | $23.85 (−20.07%) |
Jun 12, 2026 19w ago | Insider Cluster | $31.67 $32.91 | ▲ +3.92% | ▲ +4.67% | $23.85 (−24.69%) |
Jun 8, 2026 20w ago | Insider Cluster | $28.73 $30.02 | ▲ +4.49% | ▲ +3.04% | $23.85 (−16.99%) |
Jun 2, 2026 20w ago | Insider Cluster | $28.79 $29.80 | ▲ +3.51% | ▲ +4.51% | $23.85 (−17.16%) |
May 28, 2026 21w ago | Insider Cluster | $26.51 $31.98 | ▲ +20.63% | ▲ +22.43% | $23.85 (−10.03%) |
May 28, 2026 21w ago | Insider Cluster | $26.51 $31.98 | ▲ +20.63% | ▲ +22.43% | $23.85 (−10.03%) |
US Market Status
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