These sales are routine post-exercise liquidity events at a mega-cap company. No bearish signal — ignore for trading purposes. Monitor next 10-Q for any fundamental changes, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two Coca-Cola executives (EVP Nancy Quan and insider Bruno Pietracci) executed a cluster of open-market sales totaling $8.28M over two days, following option exercises at lower strike prices. While the dollar amount is large in absolute terms, it represents only ~0.002% of KO's $392B market cap — well below the 0.1% materiality threshold. The sales are likely liquidity-driven, tied to the exercise of long-held options, and carry minimal informational signal per the academic literature on cluster sells. The filing is routine for a mega-cap company of this size.
Key Financial Metrics
Key Facts
- Two insiders sold a combined 111,365 shares for $8.28M in open-market transactions on Aug 19-20, 2026.
- All sales followed option exercises: Nancy Quan exercised 50K shares at $50.44 (strike) and sold at $90.39; Bruno Pietracci exercised 111,365 shares at various strikes ($0-$61.34) and sold at $90.93.
- Total sale value of $8.28M is ~0.002% of KO's $392B market cap — trivial and routine for a mega-cap.
- No C-suite (CEO/CFO) involvement; the most senior seller is an Executive Vice President.
- The cluster is 100% sells with no open-market purchases, but per academic literature, cluster sells are not more informative than non-cluster sells.
Financial Impact
Total insider sales of $8.28M, representing 0.002% of market cap
Risk Factors
- Insider sales at mega-caps are almost always liquidity-driven and carry no predictive power for stock direction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-KO-1787587480576 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $93.43 $93.47 | ▲ +0.04% | ▼ −0.29% | $92.70 (−0.78%) |
Aug 24, 2026 9w ago | Insider Cluster | $91.99 $91.64 | ▼ −0.38% | ▼ −0.70% | $92.70 (+0.77%) |
Aug 11, 2026 10w ago | Insider Cluster | $86.48 $86.71 | ▲ +0.27% | ▲ +0.02% | $92.70 (+7.19%) |
Aug 7, 2026 11w ago | Insider Cluster | $87.05 $86.87 | ▼ −0.21% | ▼ −0.18% | $92.70 (+6.49%) |
Aug 3, 2026 12w ago | Insider Cluster | $86.86 $86.55 | ▼ −0.36% | ▼ −2.13% | $92.70 (+6.72%) |
Jul 30, 2026 12w ago | Insider Cluster | $88.49 $87.56 | ▼ −1.06% | ▼ −1.72% | $92.70 (+4.76%) |
Jul 28, 2026 12w ago | 8-K | $88.27 $89.08 | ▲ +0.92% | ▲ +2.46% | $92.70 (+5.02%) |
Jul 16, 2026 14w ago | 8-K | $81.56 $82.12 | ▼ −0.69% | ▼ −0.85% | $92.70 (−13.66%) |
Jun 25, 2026 17w ago | 8-K | $82.63 $82.65 | ▲ +0.02% | ▼ −1.62% | $92.70 (+12.19%) |
Jun 12, 2026 19w ago | Insider Cluster | $82.62 $80.91 | ▼ −2.07% | ▼ −3.83% | $92.70 (+12.20%) |
US Market Status
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