The CAO's sale ($222K) is the larger and more notable component, as it is not a routine tax-withholding or plan-driven transaction. Monitor for any upcoming earnings pre-announcement or material operational update that could explain this timing. The CEO's smaller sale may be diversification, but the cluster pattern with no 10b5-1 plan is a mild cautionary signal.
Price Chart
Executive Summary
CEO Ernie Garateix and CAO Sharon Binnun sold a combined $310K of HRTG stock in a one-week window. The CEO's $88K sale is modest, but the CAO's $222K sale is the larger component. The total is ~0.1% of market cap, falling at the threshold of materiality.
Key Financial Metrics
Key Facts
- CEO Ernie Garateix sold 2,500 shares for $88K on 2026-09-14
- CAO Sharon Binnun sold 6,600 shares for $222K on 2026-09-09
- Total insider selling: $310K over 5 trading days
- No 10b5-1 plan indicated for either sale
- Total sales represent ~0.1% of market cap
Financial Impact
Total insider selling of $310K, approximately 0.1% of market cap
Risk Factors
- Insider selling may signal management's view that shares are fairly valued or overvalued
- No disclosed 10b5-1 plan for either sale increases the likelihood of discretionary timing
- Cluster selling by two officers in a short window is unusual for a routine diversification event
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HRTG-1789592398424 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 144 | $36.98 $37.08 | ▲ +0.27% | ▼ −0.25% | $36.56 (−1.12%) |
Oct 19, 2026 7d ago | Press Release | $36.98 | awaiting T+1 | — | $36.56 (−1.12%) |
Sep 25, 2026 4w ago | SC 13G/A | $33.26 $33.49 | ▲ +0.69% | ▲ +0.88% | $36.56 (+9.94%) |
Sep 22, 2026 4w ago | Insider Cluster | $33.07 $33.18 | ▲ +0.33% | ▲ +0.41% | $36.56 (+10.57%) |
Sep 18, 2026 5w ago | 144 | $34.15 $33.50 | ▼ −1.90% | ▼ −1.89% | $36.56 (+7.07%) |
Sep 16, 2026 5w ago | Insider Cluster | $35.42 $34.42 | ▲ +2.82% | ▲ +2.70% | $36.56 (−3.23%) |
Sep 11, 2026 6w ago | Insider Cluster | $35.09 $34.78 | ▼ −0.88% | ▼ −0.42% | $36.56 (+4.20%) |
Sep 8, 2026 6w ago | Insider Cluster | $34.05 $34.53 | ▼ −1.41% | ▼ −2.01% | $36.56 (−7.39%) |
Aug 26, 2026 8w ago | Insider Cluster | $34.15 $33.86 | ▲ +0.85% | ▲ +0.62% | $36.56 (−7.07%) |
Aug 21, 2026 9w ago | Insider Cluster | $34.59 $34.20 | ▼ −1.13% | ▼ −1.45% | $36.56 (+5.71%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers