The insider selling cluster is modest in size relative to market cap and lacks participation from the CEO or CFO, reducing its bearish signal. However, the concentrated window of director sales and the executive Yi's large single-day sale warrant monitoring for any upcoming earnings or material events.
Price Chart
Executive Summary
Two MediaAlpha insiders sold a combined ~$954K in stock over a 7-day window, with Director Eugene Nonko executing six open-market sales totaling ~$455K and executive Steven Yi selling $910K in a single transaction. While the total dollar value is modest at ~0.12% of the $803M market cap, the cluster includes a C-suite executive (Yi) and a director selling in a concentrated window, which warrants attention.
Key Financial Metrics
Key Facts
- Director Eugene Nonko sold 6 open-market lots totaling ~$455K over Aug 10-12 at prices between $12.78-$13.57
- Executive Steven Yi sold 72,000 shares for ~$910K on Aug 3 at $12.64
- Total cluster value of ~$954K represents ~0.12% of MAX's $803M market cap
- No C-suite insider (CEO/CFO) participated in the selling cluster
- Prior 30-day insider activity shows 10 sells totaling $713K, suggesting ongoing selling pattern
Financial Impact
~$954K in insider sales over 7 days, ~0.12% of market cap
Risk Factors
- Insider selling could indicate caution ahead of upcoming earnings or material news
- Director Nonko's six sales in three days suggest a deliberate reduction in position
- Cluster sells are historically weak predictors per academic literature, limiting bearish conviction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MAX-1786572087705 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $11.88 | awaiting T+20 | — | $11.88 (+0.00%) |
Oct 21, 2026 5d ago | Insider Cluster | $12.41 | awaiting T+20 | — | $11.88 (−4.27%) |
Oct 13, 2026 13d ago | 144 | $10.47 | awaiting T+20 | — | $11.88 (−13.47%) |
Oct 8, 2026 18d ago | 144 | $10.09 | awaiting T+20 | — | $11.88 (+17.74%) |
Sep 23, 2026 4w ago | Insider Cluster | $9.45 $12.41 | ▲ +31.32% | ▲ +31.74% | $11.88 (+25.71%) |
Sep 16, 2026 5w ago | Insider Cluster | $10.57 $11.68 | ▼ −10.50% | ▼ −9.30% | $11.88 (−12.39%) |
Sep 10, 2026 6w ago | Insider Cluster | $11.65 $10.09 | ▲ +13.39% | ▲ +15.26% | $11.88 (−1.97%) |
Sep 9, 2026 6w ago | Insider Cluster | $11.74 $10.68 | ▼ −9.03% | ▼ −11.15% | $11.88 (+1.19%) |
Sep 3, 2026 7w ago | 8-K / PRESS-RELEASE | $12.22 $9.62 | ▼ −21.28% | ▼ −20.09% | $11.88 (−2.78%) |
Sep 2, 2026 7w ago | Insider Cluster | $12.22 $9.62 | ▼ −21.28% | ▼ −20.09% | $11.88 (−2.78%) |
US Market Status
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