This insider cluster is too small relative to Knight-Swift's $11.8B market cap to carry any trading signal. Ignore it. Monitor the next quarterly earnings (2.02 filing) or any material M&A/guidance changes for real directional cues. The historical calibration shows strong performance on KNX directional calls (71% win rate, +11.42% avg T+20 return), but this filing does not warrant one.
Price Chart
Executive Summary
Two Knight-Swift insiders sold a total of ~$3.14M in open-market sales over a 7-day window. The CEO of AAA Cooper Transportation, Dove Reid, accounted for the vast majority ($3.02M at ~$71.49/share), while a director sold a small $115K position. Relative to Knight-Swift's $11.8B market cap, the total sales represent ~0.027%, which is trivial and well below the 0.1% proportionality threshold for materiality. The cluster is overwhelmingly driven by a single executive's liquidity event, not a coordinated bearish signal from the C-suite. Per the academic literature, cluster sales are not reliably informative, and this dollar amount is noise for a company of this size. The historical calibration shows past KNX reports have been highly accurate (71% win rate at T+20, +11.42% avg return), but this cluster lacks the magnitude to warrant a directional call. Sentiment is neutral with a low impact score of 2, reflecting routine, non-informative insider selling. The cross-filing actuarial verdicts show amplifiers for cluster-insider-trades with other contexts, but no other cross-filing context (earnings, press, offering, etc.) is present to trigger an override — the standalone merits apply. Trader takeaway: no actionable signal; ignore this cluster as noise.
Key Financial Metrics
Key Facts
- Total insider sales of ~$3.14M represent only ~0.027% of Knight-Swift's $11.8B market cap — well below the 0.1% materiality threshold.
- Dove Reid (CEO of AAA Cooper Transportation) sold $3.02M of the total; the other $115K was from a director.
- No C-suite executives (CEO, CFO, COO) of the parent company Knight-Swift participated in the selling.
- Per academic literature, cluster sales are not reliably predictive of future returns — most are liquidity-driven, not informational.
- No cross-filing context (earnings, press release, offering, restatement) is present to amplify the signal.
Financial Impact
Total insider sales of ~$3.14M, or ~0.027% of market cap — trivial and non-material.
Risk Factors
- No material risk identified from this filing; the insider selling is routine and non-informative.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-KNX-1786774871935 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Insider Cluster | $72.42 $68.43 | ▼ −5.51% | ▼ −3.52% | $66.73 (−7.86%) |
Aug 6, 2026 8w ago | 8-K | $69.28 $69.57 | ▲ +0.42% | ▼ −0.18% | $66.73 (−3.68%) |
Jul 31, 2026 8w ago | Insider Cluster | $68.42 $68.51 | ▲ +0.13% | ▼ −1.11% | $66.73 (−2.47%) |
Jun 8, 2026 16w ago | 144 | $80.35 $74.34 | ▲ +7.48% | ▲ +8.93% | $66.73 (+16.95%) |
Jun 4, 2026 17w ago | 8-K | $78.57 $74.81 | ▼ −4.79% | ▼ −6.65% | $66.73 (−15.07%) |
May 13, 2026 20w ago | 8-K | $59.47 $82.45 | ▲ +38.63% | ▲ +39.24% | $66.73 (+12.20%) |
May 8, 2026 20w ago | 8-K | $61.70 $80.35 | ▲ +30.22% | ▲ +30.52% | $66.73 (+8.14%) |
Apr 22, 2026 23w ago | 8-K | $65.74 $71.00 | ▼ −7.99% | ▼ −3.36% | $66.73 (−1.50%) |
Apr 16, 2026 24w ago | 8-K | $64.37 $68.03 | ▲ +5.68% | ▲ +0.31% | $66.73 (+3.66%) |
US Market Status
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