Insider sales are routine and immaterial relative to market cap. No bearish signal. Monitor next earnings (likely late July) for any guidance changes, but this cluster does not indicate informed selling.
Price Chart
Executive Summary
Three Neurocrine executives (CSO, Chief Corp. Affairs Officer, Chief Regulatory Officer) sold a total of $2.73M in open-market shares over a 5-day window. The sales are tied to option exercises and are small relative to the $16.2B market cap (~0.017%), making them routine portfolio diversification rather than a bearish signal. Director grants on May 27 are non-cash and carry no economic signal.
Key Financial Metrics
Key Facts
- Total open-market sales: $2.73M across 3 insiders (CSO, Chief Corp. Affairs Officer, Chief Regulatory Officer)
- Sales represent ~0.017% of NBIX's $16.2B market cap — well below the 0.1% materiality threshold
- CSO Onyia Jude sold 22,000 shares for $3.47M total across two days, all tied to option exercises at $84.74/share
- Chief Regulatory Officer Delaet Ingrid sold 2,261 shares for $354K, also tied to option exercises
- Seven directors received non-cash stock grants on May 27 — no economic signal
- No 10b5-1 plan disclosure in the filing, but the pattern (option exercise + immediate sale) is standard for tax coverage
Financial Impact
Total insider sales of $2.73M, or 0.017% of market cap — immaterial
Risk Factors
- No material risk identified from this insider activity alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NBIX-1780438125207 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $149.50 $139.49 | ▼ −6.70% | ▼ −9.26% | $142.85 (−4.45%) |
Jul 13, 2026 11w ago | Insider Cluster | $174.10 $170.88 | ▼ −1.85% | ▼ −1.06% | $142.85 (−17.95%) |
Jul 9, 2026 12w ago | Press Release | $177.11 $171.55 | ▼ −3.14% | ▼ −2.58% | $142.85 (−19.34%) |
Jun 9, 2026 16w ago | Insider Cluster | $160.86 $156.42 | ▼ −2.76% | ▼ −6.19% | $142.85 (−11.20%) |
Jun 8, 2026 16w ago | Insider Cluster | $165.24 $159.51 | ▼ −3.47% | ▼ −5.88% | $142.85 (−13.55%) |
Jun 8, 2026 16w ago | Insider Cluster | $165.24 $159.51 | ▼ −3.47% | ▼ −5.88% | $142.85 (−13.55%) |
Jun 4, 2026 17w ago | Insider Cluster | $163.88 $159.76 | ▼ −2.51% | ▼ −3.08% | $142.85 (−12.83%) |
Jun 2, 2026 17w ago | Insider Cluster | $164.23 $160.86 | ▼ −2.05% | ▲ +1.77% | $142.85 (−13.02%) |
Jun 2, 2026 17w ago | Insider Cluster | $164.23 $160.86 | ▼ −2.05% | ▲ +1.77% | $142.85 (−13.02%) |
Jun 2, 2026 17w ago | Insider Cluster | $164.23 $160.86 | ▼ −2.05% | ▲ +1.77% | $142.85 (−13.02%) |
US Market Status
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