The $3.77M insider sell cluster is too small relative to KNX's $11.3B market cap to warrant a bearish read. Director Reid's $3.51M sale is likely diversification, not a negative signal. Monitor for any upcoming earnings or guidance changes, but this filing alone does not suggest material insider concern.
Price Chart
Executive Summary
Two Knight-Swift insiders — an Exec VP/CAO and a Director — sold a combined $3.77M in open-market sales on July 31, 2026. The Director's $3.51M sale is the dominant trade, representing ~0.03% of the $11.3B market cap, which is below the 0.1% materiality threshold. The cluster is a pure sell with no buys, but the dollar amount is trivial relative to company size, and the Director's sale is likely liquidity- or diversification-driven rather than signaling a bearish view.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $3.77M in open-market transactions on July 31, 2026.
- Director Reid sold 50,000 shares for $3.51M; Exec VP/CAO Flanagan sold 3,600 shares for $255K.
- Total sales represent ~0.03% of Knight-Swift's $11.3B market cap, well below the 0.1% materiality threshold.
- No insider purchases occurred in the cluster window.
- The cluster is a pure sell, but the dollar amount is trivial relative to company size.
Financial Impact
$3.77M in insider sales, representing ~0.03% of market cap — immaterial.
Risk Factors
- Insider selling could accelerate if management sees headwinds in the trucking cycle.
- No insider buying to offset the selling signal.
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-1785535269750 |
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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