This cluster is too small to warrant a directional trade. Monitor next quarterly earnings (2.02) for any fundamental deterioration that might explain broader insider selling patterns, but the current data shows no actionable signal.
Price Chart
Executive Summary
Two MediaAlpha insiders — Steven Yi (officer) and director Eugene Nonko — sold a combined $628K in open-market transactions over a 7-day window. The total represents only ~0.08% of the $754M market cap, making this a routine, immaterial cluster of sales with no predictive signal.
Key Financial Metrics
Key Facts
- Total insider sales: $628K across 2 insiders (Steven Yi: $594K, Eugene Nonko: ~$33K)
- Sales represent ~0.08% of MAX's $754M market cap — well below the 0.1% materiality threshold
- Yi's sale of 48,000 shares at $12.38 is the largest single trade; Nonko's multiple small lots suggest routine portfolio management
- Recent 30-day insider activity shows 10 sells totaling $1.2M, consistent with ongoing liquidity-driven selling
Financial Impact
Trivial — $628K is 0.08% of market cap; no material economic impact
Risk Factors
- Insider selling could accelerate if fundamentals weaken, but current volume is immaterial
- No risk of material dilution or ownership change from these trades
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-1788390583035 |
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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