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Insider Cluster (3 insiders) ·Filed Oct 21, 2026

MAX

MediaAlpha, Inc.
NEUTRAL
Impact 2/10
Horizondays Processed5d 19h ago
Insider cluster: 3 insiders, $0.2M total
Actionable Insight • Neutral

Insider sales are below the materiality threshold and likely reflect routine portfolio diversification or tax planning. No single insider sold more than 0.04% of their likely holdings. Monitor next 10-Q for any operational deterioration that would justify a more bearish stance.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+1d
MAX ▼ -4.11% at T+1d
NEUTRAL call -4.11% · α vs SPY -3.59% · entry $12.41 → $11.90
Next anchor: T+5d in 15h
Entry = T+0 close
Oct 21, 2026
via day close
T+1d
-4.11%
call -4.11% · α -3.59%
$11.90
settled 5d ago
T+5d
Pending
in 15h
T+20d
Pending
in 22d
T+60d
Pending
in 3mo

Price Chart

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Executive Summary

Three MediaAlpha insiders — the CTO, CRO, and a director — sold a combined $194K in open-market sales over a week, with the CRO's $137K sale dominating. The total is ~0.06% of the $326M market cap, well below the 0.1% materiality threshold, making this a routine liquidity event.

Key Financial Metrics

Direction
selling
Total Value
$194.0K
Insiders
3

Key Facts

  • Three insiders sold shares in open-market transactions between Oct 12-19, 2026
  • Total cluster value: $194K (0.06% of market cap)
  • CRO Keith Cramer sold $137K (12K shares at $11.39)
  • CTO Amy Yeh sold $35K (3K shares at $11.77)
  • Director Eugene Nonko sold $22K (1.9K shares at $11.39)
  • No insider purchases in the cluster

Financial Impact

Total insider sales of $194K represent 0.06% of the $326M market cap — trivial and routine

dilution

Risk Factors

  • Insider sales could accelerate if business fundamentals weaken
  • No purchases to signal insider confidence in the stock

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-MAX-1792633292257
39 reports for MAX
Performance horizon
73% Hit rate @ T+20 8 of 11 directional calls Went positive at some point 10 of 12 best @ T+60▲ +28.53%Jul 8, 2026
Filters
Rows
Reports for MAX — sortable, filterable
TypeNow
Oct 26, 2026
today
144
NEUTRAL ★ 3/10
$11.88awaiting T+20—$11.77 (−0.93%)
Oct 21, 2026
5d ago
Insider Cluster
NEUTRAL ★ 2/10
$12.41awaiting T+20—$11.77 (−5.16%)
Oct 13, 2026
14d ago
144
BEARISH ★ 5/10
$10.47awaiting T+20—$11.77 (−12.42%)
Oct 8, 2026
19d ago
144
NEUTRAL ★ 2/10
$10.09awaiting T+20—$11.77 (+16.65%)
Sep 23, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$9.45 $12.41▲ +31.32%▲ +31.74%$11.77 (+24.55%)
Sep 16, 2026
5w ago
Insider Cluster
BEARISH ★ 4/10
$10.57 $11.68▼ −10.50%▼ −9.30%$11.77 (−11.35%)
Sep 10, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$11.65 $10.09▲ +13.39%▲ +15.26%$11.77 (−1.03%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$11.74 $10.68▼ −9.03%▼ −11.15%$11.77 (+0.26%)
Sep 3, 2026
7w ago
8-K / PRESS-RELEASE
BULLISH ★ 6/10
$12.22 $9.62▼ −21.28%▼ −20.09%$11.77 (−3.68%)
Sep 2, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$12.22 $9.62▼ −21.28%▼ −20.09%$11.77 (−3.68%)
Showing 10 of 39

US Market Status

Market Closed — Opens Wed (16h 37m)

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Report published Oct 21, 2026