The trivial size of these insider sales provides no actionable signal. Focus on the company's strong fundamental momentum and the integration of Soleno's VYKAT XR. Monitor next quarter for any material change in insider trading patterns.
Price Chart
Executive Summary
Two NBIX directors sold $2.96M in shares over a 4-day window, representing a trivial 0.019% of market cap. Sales occurred after a strong Q1 earnings beat (+42% revenue YoY) and just before the close of the $2.9B Soleno acquisition, suggesting routine portfolio diversification rather than a bearish signal.
Key Financial Metrics
Key Facts
- Director Richard F. Pops sold 15,000 shares at $157.65 for $2.36M on May 15, 2026
- Director Leslie V. Norwalk sold 3,810 shares at $155.01 for $0.59M on May 12, 2026
- Total cluster value of $2.96M is only 0.019% of NBIX's $15.9B market cap
- Sales follow Q1 2026 net product sales of $811M (+44% YoY) and the announced $2.9B Soleno acquisition
Financial Impact
Insider sales of $2.96M are immaterial relative to $15.9B market cap
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-1779141071610 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $149.50 $139.49 | ▼ −6.70% | ▼ −9.26% | $143.18 (−4.23%) |
Jul 13, 2026 11w ago | Insider Cluster | $174.10 $170.88 | ▼ −1.85% | ▼ −1.06% | $143.18 (−17.76%) |
Jul 9, 2026 12w ago | Press Release | $177.11 $171.55 | ▼ −3.14% | ▼ −2.58% | $143.18 (−19.16%) |
Jun 9, 2026 16w ago | Insider Cluster | $160.86 $156.42 | ▼ −2.76% | ▼ −6.19% | $143.18 (−10.99%) |
Jun 8, 2026 16w ago | Insider Cluster | $165.24 $159.51 | ▼ −3.47% | ▼ −5.88% | $143.18 (−13.35%) |
Jun 8, 2026 16w ago | Insider Cluster | $165.24 $159.51 | ▼ −3.47% | ▼ −5.88% | $143.18 (−13.35%) |
Jun 4, 2026 17w ago | Insider Cluster | $163.88 $159.76 | ▼ −2.51% | ▼ −3.08% | $143.18 (−12.63%) |
Jun 2, 2026 17w ago | Insider Cluster | $164.23 $160.86 | ▼ −2.05% | ▲ +1.77% | $143.18 (−12.81%) |
Jun 2, 2026 17w ago | Insider Cluster | $164.23 $160.86 | ▼ −2.05% | ▲ +1.77% | $143.18 (−12.81%) |
Jun 2, 2026 17w ago | Insider Cluster | $164.23 $160.86 | ▼ −2.05% | ▲ +1.77% | $143.18 (−12.81%) |
US Market Status
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