The insider selling cluster is small relative to market cap but modestly notable given the timing after a positive corporate event. Monitor for further insider sales or any subsequent Form 4 filings; if the selling accelerates, it could signal reduced confidence. The TRA liability reduction was a bullish catalyst, but the insider profit-taking suggests limited upside near-term.
Price Chart
Executive Summary
Two MediaAlpha insiders (Director Nonko and executive Yi) sold a total of ~$1.67M in open-market transactions over a 7-day window, representing ~0.2% of market cap. The sales follow a positive 8-K (June 29) announcing a $31M TRA liability reduction, suggesting profit-taking rather than a fundamental negative signal, but the cluster of selling by multiple insiders warrants attention.
Key Financial Metrics
Key Facts
- Total insider sales: ~$1.67M (0.2% of $852M market cap)
- Two insiders sold: Director Eugene Nonko (~$1.06M) and executive Steven Yi (~$614K)
- Sales occurred 6-7 days after a positive 8-K (TRA liability reduction of $68.7M at 55% discount)
- No open-market purchases in the cluster; all activity is selling
Financial Impact
~$1.67M in insider sales, representing 0.2% of market cap
Risk Factors
- Additional insider selling could pressure the stock
- Insider sales may be misinterpreted as a negative signal, leading to short-term weakness
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-1783560913926 |
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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