Insider Cluster (4 insiders) ·Filed Jun 30, 2026
Insider cluster: 4 insiders, $7.2M total
Actionable Insight • Neutral
The insider selling is routine and immaterial in size. No immediate trading signal. Monitor for any upcoming pipeline catalysts or earnings, but this cluster alone does not warrant action.
Final — all horizons settled through T+60d
IONS ▼ -44.68% at T+60d
NEUTRAL call -44.68% · α vs SPY -47.55% · entry $79.19 → $43.81
T+1d
+3.30%
call +3.30% · α +3.43%
$81.80
settled 4mo ago
T+5d
+9.02%
call +9.02% · α +8.75%
$86.33
settled 4mo ago
T+20d
-31.76%
call -31.76% · α -29.57%
$54.04
settled 3mo ago
T+60d
-44.68%
call -44.68% · α -47.55%
$43.81
settled 5w ago
Price Chart
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Executive Summary
Four IONIS executives, including CEO Brett Monia, sold a total of $7.22M in open-market shares over a three-day window. The sales represent only 0.054% of the company's $13.3B market cap, making them trivial in scale and routine in nature.
Key Financial Metrics
Direction
selling
Total Value
$7.2M
Insiders
4
Key Facts
- CEO Brett Monia sold $4.03M worth of shares on June 26, 2026, plus additional sales on June 24-25 totaling ~$2.8M.
- Total insider open-market sales of $7.22M represent just 0.054% of IONS' $13.3B market cap.
- All sales were preceded by option exercises at zero or low strike prices, consistent with tax-motivated diversification.
- No insider purchases were reported in the cluster.
Financial Impact
Insider sales of $7.22M are negligible relative to $13.3B market cap (0.054%).
Risk Factors
- Insider selling could be misinterpreted as bearish, but the magnitude is too small to be informative.
- CEO selling a large absolute dollar amount may attract attention, but it is proportional to his holdings and likely part of a planned 10b5-1 program.
Market Snapshot
Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
82% bullish (33 analysts)
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-IONS-1782856154465 |
24 reports for IONS
57% Hit rate @ T+20 Went positive at some point 7 of 9 best @ T+60▲ +32.25%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $42.93 | awaiting T+20 | — | $43.63 (+1.63%) |
Oct 21, 2026 5d ago | 8-K | $43.91 | awaiting T+20 | — | $43.63 (−0.64%) |
Oct 21, 2026 5d ago | Institutional Cluster | $43.91 | awaiting T+20 | — | $43.63 (−0.64%) |
Sep 23, 2026 4w ago | 8-K | $43.93 $44.27 | ▲ +0.77% | ▲ +0.09% | $43.63 (−0.68%) |
Sep 4, 2026 7w ago | 8-K | $56.71 $44.00 | ▲ +22.41% | ▲ +24.13% | $43.63 (+23.06%) |
Sep 4, 2026 7w ago | 8-K | $58.09 $43.50 | ▼ −25.12% | ▼ −25.72% | $43.63 (−24.89%) |
Jul 31, 2026 12w ago | Insider Buy | $54.49 $60.36 | ▲ +10.77% | ▲ +9.53% | $43.63 (−19.93%) |
Jul 29, 2026 12w ago | 8-K | $54.04 $63.36 | ▲ +17.25% | ▲ +12.23% | $43.63 (−19.26%) |
Jul 9, 2026 15w ago | 8-K | $58.25 $56.56 | ▼ −2.90% | ▼ −5.33% | $43.63 (−25.10%) |
Jul 9, 2026 15w ago | Insider Cluster | $58.25 $56.56 | ▼ −2.90% | ▼ −5.33% | $43.63 (−25.10%) |
Showing 10 of 24
US Market Status
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