Insider sales are trivial relative to market cap and likely driven by routine diversification or tax planning. Hoge's sale may be tied to a 10b5-1 plan given the single large block. No bearish signal — ignore for trading purposes.
Price Chart
Executive Summary
Two Moderna insiders sold a total of $3.02M in open-market sales over a 7-day window. Director Noubar Afeyan exercised and sold 9,263 shares for $434K, while President Stephen Hoge sold 53,300 shares for $2.58M. The total sales represent ~0.016% of Moderna's $18.8B market cap, a trivial amount that does not signal material insider concern.
Key Financial Metrics
Key Facts
- Two insiders sold a combined $3.02M in open-market sales over 7 days
- President Stephen Hoge sold 53,300 shares at $48.40 for $2.58M on 2026-05-15
- Director Noubar Afeyan sold 9,263 shares at $46.84 for $434K on 2026-05-21
- Total sales represent ~0.016% of Moderna's $18.8B market cap
- Afeyan's sale followed derivative exercises at $0 and $19.15 per share (non-cash acquisition)
- No insider purchases were reported in the cluster
Financial Impact
Total insider sales of $3.02M, representing 0.016% of market cap
Risk Factors
- Insider sales could increase if stock rallies further, but current level is immaterial
- 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-MRNA-1779490839769 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 2d ago | ANALYST-DOWNGRADE | — | awaiting T+5 | — | — |
Sep 3, 2026 29d ago | ANALYST-DOWNGRADE | $148.87 $143.97 | ▲ +3.29% | ▲ +2.14% | $187.38 (−25.87%) |
Aug 31, 2026 4w ago | Court Ruling | $140.19 $140.33 | ▼ −0.10% | ▼ −0.24% | $187.38 (−33.66%) |
Aug 25, 2026 5w ago | ANALYST-UPGRADE | $158.83 $154.27 | ▼ −2.87% | ▼ −2.33% | $187.38 (+17.98%) |
Aug 19, 2026 6w ago | ANALYST-UPGRADE | $174.38 $149.66 | ▼ −14.18% | ▼ −13.79% | $187.38 (+7.45%) |
Aug 5, 2026 8w ago | 144 | $56.26 $63.67 | ▼ −13.18% | ▼ −12.83% | $187.38 (−233.09%) |
Jul 31, 2026 9w ago | 8-K | $54.82 $59.17 | ▲ +7.94% | ▲ +4.42% | $187.38 (+241.81%) |
Jul 10, 2026 11w ago | 3 | $67.01 $61.82 | ▼ −7.75% | ▼ −6.96% | $187.38 (+179.63%) |
Jul 8, 2026 12w ago | 8-K | $73.80 $67.44 | ▼ −8.62% | ▼ −9.48% | $187.38 (+153.90%) |
Jun 18, 2026 15w ago | 144 | $63.96 $59.75 | ▼ −6.58% | ▼ −4.92% | $187.38 (+192.96%) |
US Market Status
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