Ignore this cluster. The dollar amount is noise for a mega-cap bank. The May 15 concentration is a liquidity event, not a signal. JPM's analyst consensus is 58% bullish and the stock is up 2.12% on the day — no read-through from these transactions.
Price Chart
Executive Summary
Five senior JPM executives (heads of Asset & Wealth Management, CCB, CIB, CIO, and General Counsel) collectively sold ~$8.2M in open-market shares over May 14-20. The cluster size of ~0.001% of JPM's $792B market cap is trivial — well below the 0.1% materiality threshold — and the sales are routine liquidity/vesting events, not informed selling. The C-suite weighting looks heavy, but multiple large-division CEOs selling on the same date (May 15) strongly suggests a shared blackout-window opening or scheduled 10b5-1 plan, not a coordinated bearish signal.
Key Financial Metrics
Key Facts
- 5 insiders sold ~$8.2M open-market (Petno also made a $0 gift of 135K shares, non-cash)
- Total cluster value is ~0.001% of $792B market cap — negligible
- Four of five sales clustered on May 15, consistent with a shared vesting/blackout-exit window
- Per historical calibration, cluster sales at JPM are not informative (50% win rate, avg T+20 alpha -4.54% vs SPY)
- No insider open-market purchases in the cluster
Financial Impact
~$8.2M in insider sales vs. $792B market cap (<0.01% of shares outstanding affected)
Risk Factors
- No material insider activity to flag. Routine liquidity sales.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-JPM-1779310526407 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Court Ruling | $356.23 $349.67 | ▼ −1.84% | ▼ −1.50% | $331.08 (−7.06%) |
Sep 10, 2026 22d ago | Court Ruling | $353.56 $349.31 | ▼ −1.20% | ▼ −1.83% | $331.08 (−6.36%) |
Sep 9, 2026 23d ago | Court Ruling | $354.71 $348.92 | ▼ −1.63% | ▼ −0.54% | $331.08 (−6.66%) |
Sep 3, 2026 29d ago | Court Ruling | $362.06 $356.23 | ▼ −1.61% | ▼ −0.46% | $331.08 (−8.56%) |
Sep 1, 2026 4w ago | Court Ruling | $354.95 $354.71 | ▼ −0.07% | ▼ −0.15% | $331.08 (−6.72%) |
Aug 31, 2026 4w ago | Court Ruling | $356.02 $353.51 | ▼ −0.70% | ▼ −0.56% | $331.08 (−7.00%) |
Aug 31, 2026 4w ago | Court Ruling | $356.02 $353.51 | ▼ −0.70% | ▼ −0.56% | $331.08 (−7.00%) |
Aug 27, 2026 5w ago | Court Ruling | $354.22 $362.06 | ▲ +2.21% | ▲ +1.94% | $331.08 (−6.53%) |
Aug 26, 2026 5w ago | Court Ruling | $356.50 $356.22 | ▼ −0.08% | ▲ +0.04% | $331.08 (−7.13%) |
Aug 19, 2026 6w ago | Court Ruling | $357.26 $356.54 | ▼ −0.20% | ▲ +0.18% | $331.08 (−7.33%) |
US Market Status
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