The Executive Chairman's concentrated selling of ~$26.6M over two days without any insider buying is a strong bearish signal. Monitor for upcoming earnings or material news that may have prompted the sale. The lack of 10b5-1 plan disclosure suggests these are discretionary sales.
Price Chart
Executive Summary
Executive Chairman Matthew Rabinowitz and Director Jonathan Sheena sold a combined $3.04M in open-market sales on September 14-15, 2026. The Executive Chairman alone sold ~$26.6M across 20 trades, representing a material insider unloading at elevated prices near $340-351. This cluster is overwhelmingly selling, with no insider buying to offset.
Key Financial Metrics
Key Facts
- Executive Chairman Rabinowitz sold ~$26.6M in 20 open-market trades on Sep 14-15, 2026
- Director Sheena sold $2.1M in a single trade on Sep 15, 2026
- Total cluster value: $3.04M (Sheena) + $26.6M (Rabinowitz) = ~$29.6M
- No insider purchases in the cluster; net direction is selling
- Sales occurred near 52-week highs (~$340-351 range)
Financial Impact
~$29.6M in open-market sales by two insiders, with Executive Chairman accounting for ~90% of the value
Risk Factors
- Insider selling by Executive Chairman at elevated prices may signal peak valuation concerns
- No insider buying to offset selling suggests lack of confidence at senior level
- Cluster selling concentrated in two-day window increases information-signal strength
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTRA-1789695411555 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Insider Cluster | $413.38 $401.37 | ▼ −2.91% | ▼ −1.72% | $410.98 (−0.58%) |
Oct 20, 2026 6d ago | Institutional Cluster | $413.38 $401.37 | ▲ +2.91% | ▲ +1.72% | $410.98 (+0.58%) |
Oct 2, 2026 24d ago | Insider Cluster | $425.64 $400.65 | ▲ +5.87% | ▲ +6.42% | $410.98 (+3.44%) |
Sep 17, 2026 5w ago | Insider Cluster | $369.39 $370.64 | ▼ −0.34% | ▲ +1.21% | $410.98 (−11.26%) |
Sep 17, 2026 5w ago | Insider Cluster | $369.39 $370.64 | ▼ −0.34% | ▲ +1.21% | $410.98 (−11.26%) |
Sep 3, 2026 7w ago | Insider Cluster | $328.18 $324.14 | ▼ −1.23% | ▼ −0.68% | $410.98 (+25.23%) |
Aug 28, 2026 8w ago | Insider Cluster | $321.96 $320.76 | ▲ +0.37% | ▼ −0.31% | $410.98 (−27.65%) |
Aug 14, 2026 10w ago | Insider Cluster | $314.18 $311.69 | ▼ −0.79% | ▼ −0.12% | $410.98 (+30.81%) |
Aug 7, 2026 11w ago | Insider Cluster | $318.35 $312.72 | ▼ −1.77% | ▼ −1.45% | $410.98 (+29.10%) |
Aug 5, 2026 11w ago | Insider Cluster | $265.38 $322.10 | ▼ −21.37% | ▼ −20.76% | $410.98 (−54.86%) |
US Market Status
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