This insider cluster is routine option exercise-and-sell activity with no informational content. Monitor for any upcoming clinical data readouts or financing events as the primary catalysts for FDMT, not insider trading patterns.
Price Chart
Executive Summary
CEO David Kirn and CLO Scott Bizily sold a combined ~$683K in open-market sales after exercising stock options. The CEO's sales ($663K) represent 0.08% of FDMT's $889M market cap, falling below the 0.1% materiality threshold. These are routine cashless exercises for tax obligations, not a bearish signal. The cluster is neutral — no material directional insight for traders.
Key Financial Metrics
Key Facts
- CEO David Kirn sold 43,149 shares at $15.36 for $663K on 2026-08-19 after exercising options at $4.14/share.
- CLO Scott Bizily sold 1,635 shares at $12.20 for $20K on 2026-08-17 after exercising options.
- Total open-market sales of ~$683K represent ~0.08% of FDMT's $889M market cap — below the 0.1% materiality threshold.
- All sales were preceded by same-day option exercises, indicating routine cashless exercise-for-tax-covering transactions.
- No 10b5-1 plan pattern detected, but the structure (exercise + immediate sale) is standard for option monetization.
Financial Impact
Total insider sales of ~$683K, or ~0.08% of market cap — immaterial relative to company size.
Risk Factors
- Insider sales could accelerate if stock price rises further, but current volume is immaterial.
- No bearish signal from this cluster — the risk is over-interpreting routine cashless exercises.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FDMT-1787379152140 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Insider Cluster | $15.00 $14.71 | ▲ +1.93% | ▲ +1.85% | $10.80 (+28.00%) |
Aug 21, 2026 9w ago | Insider Cluster | $15.39 $15.72 | ▲ +2.14% | ▲ +1.82% | $10.80 (−29.82%) |
Jul 20, 2026 14w ago | 8-K | $11.09 $11.38 | ▲ +2.57% | ▲ +1.74% | $10.80 (−2.61%) |
Jul 18, 2026 14w ago | Press Release | $11.09 $11.38 | ▲ +2.57% | ▲ +1.74% | $10.80 (−2.61%) |
Jul 5, 2026 16w ago | Institutional Cluster | $12.72 $12.82 | ▲ +0.79% | ▲ +1.26% | $10.80 (−15.09%) |
Jun 29, 2026 17w ago | 8-K | $12.88 $13.30 | ▲ +3.26% | ▲ +2.48% | $10.80 (−16.15%) |
May 14, 2026 23w ago | EFFECT | $9.81 $9.15 | ▼ −6.73% | ▼ −5.50% | $10.80 (+10.09%) |
May 7, 2026 24w ago | S-3 | $10.14 $10.79 | ▲ +6.41% | ▲ +6.18% | $10.80 (+6.51%) |
Mar 18, 2026 31w ago | Press Release | $8.98 $8.61 | ▼ −4.12% | ▼ −2.38% | $10.80 (+20.27%) |
US Market Status
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