The CEO's large option-exercise-and-sell pattern alongside CFO and other C-suite sales suggests a coordinated exit near recent highs. Monitor for any upcoming earnings pre-announcement or material change in guidance.
Price Chart
Executive Summary
A cluster of insider selling at Mercury Systems (MRCY) shows the CEO, CFO, and other top executives collectively sold ~$6.77M in open-market shares over a 7-day window. The CEO alone sold ~$20.5M across multiple days, including shares acquired via option exercises. While the dollar amount is modest relative to the $5.4B market cap (~0.38%), the breadth of C-suite participation and the CEO's large sales warrant attention, though insider sales are generally less predictive than buys.
Key Financial Metrics
Key Facts
- CEO Ballhaus sold ~$20.5M in open-market shares across Aug 19-24, including ~$9.4M on Aug 24 alone.
- CFO Farnsworth sold ~$646K, EVP Kupinsky sold ~$95K, EVP Ratner sold ~$33K, SVP Munro sold ~$11K.
- Total open-market selling by the cluster: ~$6.77M, or ~0.13% of market cap.
- CEO also exercised options for ~$10.3M in cash (non-open-market), acquiring shares at $42-$43 vs. market price ~$90-$100.
- No 10b5-1 plan pattern evident; sales are clustered in a tight window across multiple executives.
Financial Impact
~$6.77M in open-market insider selling, ~0.13% of $5.4B market cap
Risk Factors
- Insider sales may be liquidity-driven (diversification, tax planning) rather than informational.
- No 10b5-1 plan disclosure — sales could be routine portfolio rebalancing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MRCY-1787695287289 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | Press Release | $75.69 | awaiting T+20 | — | $79.71 (+5.31%) |
Sep 16, 2026 5w ago | 8-K | $87.25 $76.71 | ▼ −12.08% | ▼ −15.26% | $79.71 (−8.64%) |
Aug 27, 2026 8w ago | Insider Cluster | $88.54 $80.12 | ▼ −9.51% | ▼ −9.02% | $79.71 (−9.97%) |
Aug 25, 2026 9w ago | Insider Cluster | $89.76 $83.18 | ▲ +7.34% | ▲ +7.56% | $79.71 (+11.20%) |
Aug 21, 2026 9w ago | Insider Cluster | $89.59 $83.88 | ▼ −6.37% | ▼ −7.67% | $79.71 (−11.03%) |
Aug 19, 2026 9w ago | Insider Cluster | $94.23 $85.28 | ▲ +9.50% | ▲ +9.50% | $79.71 (+15.41%) |
Aug 19, 2026 9w ago | Insider Cluster | $94.23 $85.28 | ▼ −9.50% | ▼ −9.50% | $79.71 (−15.41%) |
Aug 19, 2026 9w ago | Insider Cluster | $94.23 $85.28 | ▼ −9.50% | ▼ −9.50% | $79.71 (−15.41%) |
Aug 18, 2026 10w ago | Press Release | $101.25 $86.18 | ▼ −14.88% | ▼ −12.93% | $79.71 (−21.27%) |
Jul 28, 2026 13w ago | Press Release | $90.17 | awaiting T+20 | — | $79.71 (−11.60%) |
US Market Status
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