The CEO, CFO, President, and a director all bought stock at $1.71 immediately after closing a $15M financing that included a $10M convertible note at $2.1375. This suggests insiders view the post-financing equity as undervalued relative to the conversion price. Monitor for the mandatory redemption trigger (March 31, 2027) and any subsequent 8-Ks regarding regulatory approvals.
Price Chart
Executive Summary
A massive insider buying cluster at GREE, led by Director George Ted Rogers III purchasing $5M worth of shares at $1.71, alongside the CEO, CFO, and President each buying $100K. This cluster coincides with a $15M financing package closed 4 days prior, suggesting insiders are signaling confidence in the post-restructuring equity value. The total open-market purchases of $5.3M represent 11.5% of the company's $46M market cap, an extraordinarily strong signal.
Key Financial Metrics
Key Facts
- Director Rogers purchased 2.92M shares for $5M at $1.71 on 2026-09-10
- CEO, CFO, and President each purchased 58,479 shares for $100K at $1.71 on 2026-09-10
- Total open-market purchases: $5.3M, representing 11.5% of $46M market cap
- Cluster follows a $15M financing package (convertible note + equity) closed 4 days prior
- Multiple directors received non-cash stock grants on the same day as purchases
Financial Impact
Insider purchases of $5.3M represent 11.5% of market cap, the largest insider cluster relative to market cap in the company's history
Risk Factors
- Mandatory redemption at 130% of accreted principal if regulatory approvals not obtained by March 31, 2027
- Dilution from the $10M convertible note (convertible at $2.1375) and $5M equity placement
- Company has a $46M market cap with significant debt and a complex capital structure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GREE-1789419744976 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 8-K | — | awaiting T+5 | — | — |
Sep 14, 2026 6w ago | Insider Cluster | — | awaiting T+5 | — | — |
Sep 14, 2026 6w ago | Insider Cluster | — | awaiting T+5 | — | — |
Jul 24, 2026 13w ago | Insider Cluster | $2.24 $2.14 | ▲ +4.46% | ▲ +6.98% | — |
Jul 20, 2026 14w ago | 8-K | $2.91 $2.84 | ▲ +2.41% | ▲ +1.18% | — |
Jul 9, 2026 15w ago | EFFECT | $2.16 $1.68 | ▲ +22.22% | ▲ +22.09% | — |
Jun 12, 2026 19w ago | S-3/A | $1.51 $1.68 | ▼ −11.26% | ▼ −12.64% | — |
Mar 5, 2026 33w ago | 8-K | $1.51 $1.36 | ▼ −9.93% | ▼ −8.41% | — |
US Market Status
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