The insider sales are immaterial relative to market cap and likely reflect routine portfolio diversification or tax planning. No bearish read-through warranted. Monitor for any upcoming clinical trial readouts or regulatory catalysts that could move the stock, but this cluster alone does not signal insider concern.
Price Chart
Executive Summary
Two senior insiders at MapLight Therapeutics — the General Counsel and Chief Medical Officer — executed open-market sales totaling $349K over a one-week window ending July 15, 2026. The cluster is 100% sells with no buys, and the dollar amount is approximately 0.02% of the company's $1.7B market cap, well below the 0.1% threshold for materiality. The sales are likely liquidity-driven or part of routine 10b5-1 plans, not a bearish signal on the company's prospects.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $349K in open-market transactions over 7 days
- Sales represent ~0.02% of MPLT's $1.7B market cap — trivial proportion
- No insider purchases occurred in the cluster; 100% sells
- General Counsel Kristopher Hanson sold ~$189K; CMO Erin Foff sold ~$161K
Financial Impact
$349K in insider sales, ~0.02% of market cap
Risk Factors
- Insider sales could accelerate if the stock continues to trade near recent highs
- No insider buying to offset the selling pattern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MPLT-1784339102343 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Insider Cluster | $8.00 | awaiting T+20 | — | $7.66 (+4.25%) |
Oct 15, 2026 11d ago | 144 | $7.70 | awaiting T+20 | — | $7.66 (−0.52%) |
Oct 15, 2026 11d ago | 144 | $7.70 | awaiting T+20 | — | $7.66 (−0.52%) |
Oct 15, 2026 11d ago | 144 | $7.70 | awaiting T+20 | — | $7.66 (−0.52%) |
Sep 24, 2026 4w ago | EFFECT | $10.76 $8.25 | ▼ −23.33% | ▼ −22.91% | $7.66 (−28.81%) |
Sep 18, 2026 5w ago | S-1/A | $10.90 $8.00 | ▼ −26.61% | ▼ −25.70% | $7.66 (−29.72%) |
Aug 4, 2026 11w ago | Insider Cluster | $12.92 $13.06 | ▲ +1.08% | ▲ +1.69% | $7.66 (−40.71%) |
Aug 3, 2026 12w ago | 144 | $12.94 $13.31 | ▲ +2.86% | ▲ +4.10% | $7.66 (−40.80%) |
Jul 30, 2026 12w ago | 144 | $13.02 $12.60 | ▲ +3.23% | ▲ +6.21% | $7.66 (+41.17%) |
Jul 28, 2026 12w ago | Insider Buy | $15.02 $12.86 | ▼ −14.38% | ▼ −19.40% | $7.66 (−49.00%) |
US Market Status
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