Insider Cluster (2 insiders) ·Filed Oct 16, 2026
Insider cluster: 2 insiders, $5.8M total
Actionable Insight ▼ Bearish
The CEO's $4.75M open-market sale is the largest insider sale at Medtronic in the cluster window and is not plan-driven. Monitor for any upcoming 8-K or earnings pre-announcement that could explain this concentrated selling. The historical underperformance of bullish calls on MDT adds weight to this bearish signal.
Latest settled — T+5d ⚠ clustered
MDT ▲ +2.18% at T+5d
SHORT call ✗ call lost -2.18% · α vs SPY -2.32% · entry $92.77 → $94.79
T+1d
+2.00%
call -2.00% · α -1.67%
$94.63
settled 8d ago
T+5d
+2.18%
call -2.18% · α -2.32%
$94.79
settled 4d ago
T+20d
Pending
in 17d
T+60d
Pending
in 3mo
Price Chart
Loading chart...
Executive Summary
Medtronic's Chairman/CEO and an EVP collectively sold $5.75M in open-market shares on October 15, 2026, with the CEO alone selling $4.75M.
Key Financial Metrics
Direction
selling
Total Value
$5.8M
Insiders
2
Key Facts
- Chairman and CEO Martha Geoffrey sold 50,000 shares at $95 for $4.75M on 2026-10-15
- EVP Michael Marinaro sold 10,400 shares at $96 for $1.0M on 2026-10-15
- Total insider sales of $5.75M represent approximately 0.2% of Medtronic's market cap (~$125B)
- Both sales were open-market (code S) with no 10b5-1 plan indication in the filing
Financial Impact
Total insider sales of $5.75M, approximately 0.2% of market cap
insider ownershipmarket sentiment
Risk Factors
- CEO selling a large block without a 10b5-1 plan could signal negative private information about upcoming earnings or operations
- Cluster selling by two senior executives on the same day increases the likelihood of a coordinated view on near-term headwinds
- Medtronic's stock has been under pressure, and insider selling may accelerate further declines
Investment Themes
Healthcare & Medical Devices
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MDT-1792617506239 |
50 reports for MDT
100% Hit rate @ T+60 Went positive at some point 10 of 11 best @ T+60▲ +15.30%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $94.63 | awaiting T+60 | — | $95.41 (+0.82%) |
Oct 16, 2026 10d ago | Insider Cluster | $92.77 | awaiting T+60 | — | $95.41 (−2.85%) |
Oct 16, 2026 10d ago | Insider Cluster | $92.77 | awaiting T+60 | — | $95.41 (−2.85%) |
Oct 15, 2026 11d ago | 144 | $95.45 | awaiting T+60 | — | $95.41 (−0.04%) |
Oct 14, 2026 12d ago | SC TO-I/A | $94.23 | awaiting T+60 | — | $95.41 (+1.25%) |
Oct 14, 2026 12d ago | 425 | $94.23 | awaiting T+60 | — | $95.41 (+1.25%) |
Oct 13, 2026 13d ago | SC TO-I/A | $93.01 | awaiting T+60 | — | $95.41 (+2.58%) |
Oct 13, 2026 13d ago | 425 | $93.01 | awaiting T+60 | — | $95.41 (+2.58%) |
Oct 9, 2026 17d ago | 425 | $91.93 | awaiting T+60 | — | $95.41 (+3.79%) |
Oct 8, 2026 18d ago | 425 | $88.48 | awaiting T+60 | — | $95.41 (+7.83%) |
Showing 10 of 50
US Market Status
Market Closed — Opens Wed (11h 58m)
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers