The sales are too small in dollar value and as a fraction of market cap to convey a negative signal. CEO Susi's 400-share sale is particularly minor. No follow-up action warranted; treat as routine portfolio rebalancing. Monitor next Form 4 filings for any step-change in selling cadence or magnitude.
Price Chart
Executive Summary
Two IRMD insiders—CEO Roger Susi and Director Hilda Scharen-Guivel—made open-market sales totaling ~$203K over a four-day window. At $1.2B market cap, the aggregate sales represent ~0.02% of market cap, which is statistically trivial. The CEO sold just 400 shares ($35K), consistent with routine diversification at this executive's level, and the Director's $168K sale is also immaterial. No C-suite cluster selling signal here.
Key Financial Metrics
Key Facts
- CEO Roger Susi sold 400 shares at $88.68 for $35K on June 1, 2026
- Director Hilda Scharen-Guivel sold 1,766 shares at $95.00 for $168K on June 4, 2026
- Total cluster value of $203K equals ~0.02% of IRMD's $1.2B market cap
- Both transactions are open-market sales (code 'S')
- No C-suite cluster buying — both sales, no purchases
Financial Impact
Total insider sales of ~$203K vs. market cap of $1.2B — approximately 0.02% of market cap
Risk Factors
- Minimal risk — no material insider selling signal
- The CEO and a Director both selling within the same week is optically notable but economically insignificant
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-IRMD-1780604558520 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 12w ago | 8-K | $90.86 $84.63 | ▼ −6.86% | ▼ −9.31% | $84.32 (−7.19%) |
Jul 31, 2026 12w ago | Press Release | $90.86 $84.63 | ▼ −6.86% | ▼ −9.31% | $84.32 (−7.19%) |
Jul 24, 2026 13w ago | Press Release | $95.08 $87.65 | ▼ −7.81% | ▼ −11.52% | $84.32 (−11.31%) |
Jun 4, 2026 20w ago | Insider Cluster | $93.07 $86.38 | ▼ −7.19% | ▼ −11.19% | $84.32 (−9.40%) |
May 20, 2026 22w ago | Press Release | $90.40 $86.95 | ▼ −3.82% | ▼ −8.82% | $84.32 (−6.72%) |
May 1, 2026 25w ago | Press Release | $87.15 $94.83 | ▲ +8.81% | ▲ +5.74% | $84.32 (−3.24%) |
Apr 27, 2026 26w ago | Press Release | $89.08 $94.08 | ▲ +5.61% | ▲ +0.84% | $84.32 (−5.34%) |
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