The sales are routine post-exercise liquidity events at trivial scale. No bearish read-through. Monitor for any material insider buying (which would be a stronger signal) or for upcoming earnings/catalyst news that could shift sentiment.
Price Chart
Executive Summary
Mirum Pharmaceuticals CEO Christopher Peetz and Director Saira Ramasastry sold a combined $644K in open-market sales on June 1, 2026, following a cluster of non-cash derivative exercises by multiple directors on May 29. The sales represent ~0.01% of MIRM's $5.9B market cap — trivial in proportion — and are likely liquidity-driven after option exercises, not a bearish signal. The stock has strong analyst support (95% bullish) and the cluster lacks material dollar weight.
Key Financial Metrics
Key Facts
- CEO Peetz sold 2,602 shares at $94.64 for $246K on June 1, 2026
- Director Ramasastry sold 3,977 shares at $100 for $398K on June 1, 2026
- Both sales followed non-cash derivative exercises on May 29 (directors) and June 1 (CEO)
- Total open-market sales of $644K represent ~0.01% of MIRM's $5.9B market cap
- Analyst consensus is 95% bullish (18 Buy, 1 Hold, 0 Sell)
- No open-market purchases in the cluster
Financial Impact
Total insider sales of $644K — immaterial relative to $5.9B market cap
Risk Factors
- Insider sales could accelerate if stock continues to appreciate, but no evidence of coordinated selling
- No purchases in cluster — lack of bullish insider signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MIRM-1780444246058 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $102.24 $98.82 | ▼ −3.35% | ▼ −1.39% | $82.58 (−19.23%) |
Aug 12, 2026 7w ago | Insider Cluster | $98.97 $100.61 | ▲ +1.66% | ▲ +3.55% | $82.58 (−16.56%) |
Aug 11, 2026 7w ago | Insider Cluster | $98.97 $100.61 | ▼ −1.66% | ▼ −3.55% | $82.58 (+16.56%) |
Aug 10, 2026 7w ago | 144 | $98.23 $98.30 | ▲ +0.07% | ▲ +1.13% | $82.58 (−15.93%) |
Aug 5, 2026 8w ago | 8-K | $94.12 $100.63 | ▲ +6.92% | ▲ +6.32% | $82.58 (−12.26%) |
Jul 8, 2026 12w ago | Insider Cluster | $128.57 $105.79 | ▼ −17.72% | ▼ −20.99% | $82.58 (−35.77%) |
Jun 11, 2026 16w ago | Institutional Cluster | $99.54 $127.70 | ▲ +28.29% | ▲ +26.40% | $82.58 (−17.04%) |
Jun 10, 2026 16w ago | Insider Cluster | $94.00 $127.70 | ▲ +35.85% | ▲ +32.23% | $82.58 (−12.15%) |
Jun 2, 2026 17w ago | Insider Cluster | $91.84 $125.59 | ▲ +36.76% | ▲ +37.76% | $82.58 (−10.08%) |
Jun 1, 2026 17w ago | 144 | $92.17 $120.46 | ▲ +30.69% | ▲ +32.26% | $82.58 (−10.40%) |
US Market Status
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access