The cluster is dominated by non-cash derivative exercises and small open-market trades — total cash value is trivial relative to market cap. The buying by CEO, COO, President, and multiple directors post-earnings dip is a modest positive signal, but the CEO's concurrent sale (cashless exercise) and the CLO's sale at a lower price ($93 vs. $102 buy prices) create mixed signals. Monitor for any 8-K filing on material developments or a secondary offering, as the cross-filing context shows amplifiers for insider trades + offering/press contexts. The historical calibration suggests score-6 calls on FLUT have only an 18% win rate — bias toward lower impact.
Price Chart
Executive Summary
Flutter Entertainment insiders executed a mixed cluster of 15 trades over 7 days, with open-market purchases totaling ~$845K by 6 insiders (including CEO, COO, President, and directors) and open-market sales totaling ~$433K by 3 insiders (CEO, CLO, CFO). The cluster follows Flutter's Q1 2026 earnings release (May 6) which showed a 17% revenue beat but a 38% net income decline and lowered full-year guidance. The net direction is mixed, but the concentration of C-suite and director buying at prices near $92-$102 (post-earnings dip) suggests confidence in the business despite the guidance cut, while CEO and CLO sales are partially offset by derivative exercises and tax withholding.
Key Financial Metrics
Key Facts
- 6 insiders made open-market purchases totaling ~$845K: CEO Jackson ($245K), President Taylor ($252K), COO Bishop ($100K), CLO Liu ($150K), Directors Bryant ($201K) and Bomhard ($51K), Director Lennon ($48K)
- 3 insiders made open-market sales totaling ~$433K: CEO Jackson ($303K), CLO Liu ($118K), CFO Coldrake ($13K)
- CEO Jackson exercised 6,538 derivative shares at $0 (non-cash) on May 11, then sold 3,084 shares on the same day — a typical cashless exercise pattern
- CFO Coldrake exercised 272 derivative shares at $0 (non-cash) on May 8, then sold 129 shares — also a cashless exercise
- Total open-market purchases ($845K) represent ~0.005% of Flutter's $16.6B market cap — well below the 0.1% materiality threshold
- Total open-market sales ($433K) represent ~0.003% of market cap — also trivial relative to company size
- Cluster occurred 2-7 days after Q1 2026 earnings (May 6) which beat EPS consensus by 41% but lowered full-year adjusted EBITDA guidance by ~$105M
Financial Impact
Total insider open-market purchases of ~$845K and sales of ~$433K, both immaterial relative to $16.6B market cap (<0.01% each)
Risk Factors
- CEO and CLO sold shares at prices below recent insider purchase prices ($93-$98 vs. $100-$102), which could indicate hedging or bearish positioning
- Full-year guidance was lowered by ~$105M in adjusted EBITDA, suggesting operational headwinds from sports results and prediction market investment
- Net income fell 38% YoY despite revenue growth — margin compression is a concern
- Historical calibration shows FLUT filing reports have a negative average T+20 alpha of -3.37% and score-6 calls win only 18% of the time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FLUT-1778769851232 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 11d ago | ANALYST-DOWNGRADE | $86.86 $76.63 | ▲ +11.78% | ▲ +11.50% | $74.81 (+13.87%) |
Sep 3, 2026 29d ago | Insider Cluster | $102.34 $100.56 | ▼ −1.74% | ▼ −0.59% | $74.81 (−26.90%) |
Sep 3, 2026 29d ago | Insider Cluster | $102.34 $100.56 | ▼ −1.74% | ▼ −0.59% | $74.81 (−26.90%) |
Sep 2, 2026 4w ago | ANALYST-UPGRADE | $101.98 $98.68 | ▼ −3.24% | ▼ −2.28% | $74.81 (−26.64%) |
Aug 20, 2026 6w ago | Insider Cluster | $99.57 $95.01 | ▼ −4.58% | ▼ −5.69% | $74.81 (−24.87%) |
Aug 12, 2026 7w ago | ANALYST-UPGRADE | $98.08 $99.16 | ▲ +1.10% | ▲ +1.55% | $74.81 (−23.73%) |
Aug 7, 2026 8w ago | ANALYST-UPGRADE | $94.74 $101.41 | ▲ +7.04% | ▲ +6.64% | $74.81 (−21.04%) |
Aug 5, 2026 8w ago | 8-K | $92.91 $98.08 | ▼ −5.56% | ▼ −5.21% | $74.81 (+19.48%) |
Aug 5, 2026 8w ago | 8-K | $92.91 $98.08 | ▲ +5.56% | ▲ +5.21% | $74.81 (−19.48%) |
Aug 5, 2026 8w ago | Press Release | $92.91 $98.08 | ▼ −5.56% | ▼ −5.21% | $74.81 (+19.48%) |
US Market Status
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