The cluster is small relative to market cap and insider sales are typically liquidity-driven. Monitor for any upcoming earnings or regulatory catalysts that could explain the timing, but no immediate action warranted given the sub-0.1% proportionality.
Price Chart
Executive Summary
Two senior insiders at Indivior (CFO and CSO) sold a combined $2.06M in open-market sales over a 4-day window. While the dollar amount is modest relative to the $4.8B market cap (~0.04%), the involvement of both the CFO and CSO in a tight cluster warrants attention, though insider sales are generally less predictive than buys per academic literature.
Key Financial Metrics
Key Facts
- CFO Ryan Preblick sold 36,000 shares for $1.36M on 2026-06-08 at $37.70
- CSO Christian Heidbreder sold 18,586 shares for $707K on 2026-06-11 at $38.06
- Total insider sales of $2.06M represent ~0.04% of INDV's $4.8B market cap
- No insider purchases were reported in the cluster window
Financial Impact
Total insider sales of $2.06M, representing ~0.04% of market cap — well below the 0.1% materiality threshold
Risk Factors
- Insider sales may signal reduced conviction ahead of a catalyst, though the dollar amount is trivial relative to market cap
- No insider buying to offset the selling pattern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-INDV-1781295165685 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | EFFECT | $34.47 $35.53 | ▲ +3.08% | ▲ +2.97% | $35.71 (+3.60%) |
Aug 28, 2026 4w ago | S-4 | $34.93 $34.32 | ▼ −1.75% | ▼ −1.60% | $35.71 (+2.23%) |
Aug 3, 2026 8w ago | 425 / 8-K | $37.37 $38.47 | ▲ +2.94% | ▲ +0.92% | $35.71 (−4.44%) |
Aug 3, 2026 8w ago | 425 | $37.37 $38.47 | ▲ +2.94% | ▲ +0.92% | $35.71 (−4.44%) |
Aug 3, 2026 8w ago | 8-K | $37.37 $38.47 | ▲ +2.94% | ▲ +0.92% | $35.71 (−4.44%) |
Aug 3, 2026 8w ago | 425 / 8-K | $37.37 $38.47 | ▲ +2.94% | ▲ +0.92% | $35.71 (−4.44%) |
Jul 23, 2026 10w ago | Press Release | $40.51 $40.22 | ▼ −0.72% | ▼ −1.19% | $35.71 (−11.85%) |
Jun 12, 2026 16w ago | Insider Cluster | $38.40 $38.32 | ▼ −0.21% | ▲ +1.17% | $35.71 (−7.01%) |
May 15, 2026 20w ago | 8-K | $36.54 $37.81 | ▲ +3.48% | ▲ +1.86% | $35.71 (−2.27%) |
May 4, 2026 21w ago | 8-K | $38.98 $38.84 | ▼ −0.36% | ▼ −3.30% | $35.71 (−8.39%) |
US Market Status
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