This cluster is routine post-earnings insider selling by non-founder C-suite executives. The 0.06% of market cap is immaterial, and the absence of any insider buying suggests no positive catalyst is anticipated. However, the cluster's clustering with the 8/17 CFO sale at a lower price warrants monitoring for any acceleration in selling frequency or volume. No trade action warranted unless a second cluster appears within 30 days above the 0.1% cap threshold.
Price Chart
Executive Summary
A cluster of 5 HIMS insiders (including CFO, COO, CTO, and CMO) sold $4.30M in open-market shares over a 4-day window roughly 50 days after Q2 2026 earnings and 8 days before the now-revealed $262K CFO sale at lower prices. The cluster amounts to 0.06% of market cap — below the 0.1% materiality threshold — and is dominated by the CFO's $1.94M sale (45% of cluster value). All sales were open-market (Code S) and clustered mid-month, consistent with scheduled blackout-window openings post-earnings, not a new negative catalyst. The subsequent CFO sale at ~$27.90 vs. the cluster average ~$33.50 suggests opportunistic rather than panic-driven timing. No cash buys or derivative exercises accompanied these sales; this is a pure sell cluster with no informational buys to offset.
Key Financial Metrics
Key Facts
- 5 insiders sold $4.30M total open-market shares (0.06% of $6.7B market cap)
- CFO sold $1.94M at ~$35.09 on 2026-06-18 — largest single-trade value and highest sale price
- CTO sold $946K, CMO $830K, COO $442K, PAO $141K — all open-market sales
- No insider has bought shares on the open market in the cluster window
- Cluster occurred ~50 days after strong Q2 earnings (revenue +38%, guidance raised) and 8 days prior to the CFO's smaller $262K sale at $27.87
- All sales are mid-month and follow a quarterly earnings event — consistent with 10b5-1 / blackout-window pattern, not an event-driven cluster
Financial Impact
Total open-market sales of $4.30M represent 0.06% of HIMS's $6.7B market cap — trivial liquidity event
Risk Factors
- No insider buying: all insiders are solely selling, which could signal lack of conviction in upside despite strong revenue growth
- CFO sale at $35.09 was near the top of the recent range; subsequent sale at $27.87 suggests stock has pulled back, but no insider bought the dip
- If this cluster is tied to unannounced 10b5-1 plans that accelerate selling into Q3 2026, the float drain could be larger than appears
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HIMS-1787121264098 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 8-K | $28.06 | awaiting T+20 | — | $27.91 (−0.53%) |
Sep 23, 2026 4w ago | Insider Cluster | $29.28 $29.13 | ▲ +0.51% | ▲ +0.09% | $27.91 (+4.68%) |
Sep 18, 2026 5w ago | Insider Cluster | $29.35 $28.15 | ▲ +4.09% | ▲ +3.18% | $27.91 (+4.91%) |
Sep 17, 2026 5w ago | Insider Cluster | $27.99 $28.07 | ▼ −0.29% | ▼ −0.08% | $27.91 (+0.29%) |
Aug 20, 2026 9w ago | Insider Cluster | $33.78 $29.35 | ▼ −13.11% | ▼ −14.13% | $27.91 (−17.38%) |
Aug 20, 2026 9w ago | Insider Cluster | $33.78 $29.35 | ▼ −13.11% | ▼ −14.13% | $27.91 (−17.38%) |
Aug 18, 2026 9w ago | Insider Cluster | $31.09 $27.89 | ▼ −10.29% | ▼ −9.45% | $27.91 (−10.23%) |
Aug 10, 2026 11w ago | 8-K | $30.51 $27.90 | ▼ −8.55% | ▼ −7.50% | $27.91 (−8.52%) |
Jul 1, 2026 16w ago | 8-K | $36.80 $27.04 | ▼ −26.52% | ▼ −26.11% | $27.91 (−24.16%) |
Jun 17, 2026 18w ago | Insider Cluster | $35.47 $33.68 | ▼ −5.05% | ▼ −5.58% | $27.91 (−21.31%) |
US Market Status
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