The cluster is modest in size and lacks a clear bearish catalyst. Monitor for any upcoming earnings release or material corporate event that could explain the selling. If the stock breaks below $100, the selling pattern may become more concerning, but for now, treat as routine portfolio diversification.
Price Chart
Executive Summary
Four NWPX insiders, including the CFO and three directors, sold a total of $1.06M in open-market sales over a two-day window at ~$105-106/share. The cluster represents ~0.11% of market cap, which is modest in size, but the CFO's participation alongside directors adds weight. The selling is not part of a clear 10b5-1 pattern and follows a period of elevated insider selling ($1.3M in the prior 30 days), suggesting a consistent distribution pattern rather than a one-off event. The cross-filing actuarial verdicts show amplifiers for cluster-insider-trades with other contexts, but no specific cross-filing context (e.g., earnings, offering, restatement) is present to trigger an override. The selling is likely liquidity-driven or part of a planned diversification, not a bearish signal of material deterioration, given the modest size relative to market cap and the absence of any negative corporate event in the filing context.
Key Financial Metrics
Key Facts
- CFO Aaron Wilkins sold 1,500 shares for $159,780 on 2026-09-08
- Director Richard Roman sold 4,000 shares for $422,877 on 2026-09-08
- Director Michael Franson sold 3,500 shares for $368,563 on 2026-09-09
- Director Keith Larson sold 1,000 shares for $105,869 on 2026-09-08
- Total cluster value: $1.06M, representing ~0.11% of $1.0B market cap
- Prior 30-day insider selling totaled $1.3M, indicating a consistent distribution pattern
- No 10b5-1 plan or vesting-driven pattern is evident from the data provided
Financial Impact
Insider sales of $1.06M represent 0.11% of market cap — modest and routine for a $1.0B company
Risk Factors
- Insider selling could accelerate if the stock continues to rise, creating overhead supply
- The CFO's participation, while modest, adds a layer of concern if followed by further sales
- No positive 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-NWPX-1789192877049 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | Press Release | $98.15 $96.29 | ▼ −1.90% | ▼ −0.88% | $96.86 (−1.31%) |
Oct 8, 2026 18d ago | SC 13G/A | $100.73 $98.15 | ▼ −2.56% | ▼ −2.28% | $96.86 (−3.84%) |
Oct 2, 2026 24d ago | Insider Cluster | $105.60 $99.22 | ▲ +6.04% | ▲ +6.46% | $96.86 (+8.28%) |
Sep 30, 2026 26d ago | Insider Cluster | $103.03 $102.96 | ▼ −0.07% | ▼ −1.98% | $96.86 (−5.99%) |
Sep 23, 2026 4w ago | Press Release | $101.34 $104.77 | ▲ +3.38% | ▲ +3.80% | $96.86 (−4.42%) |
Sep 23, 2026 4w ago | Insider Cluster | $102.62 $103.03 | ▲ +0.40% | ▲ +1.07% | $96.86 (−5.61%) |
Sep 23, 2026 4w ago | Insider Cluster | $102.62 $103.03 | ▲ +0.40% | ▲ +1.07% | $96.86 (−5.61%) |
Sep 11, 2026 6w ago | Insider Cluster | $100.52 $102.51 | ▲ +1.98% | ▲ +0.32% | $96.86 (−3.64%) |
Sep 11, 2026 6w ago | Insider Cluster | $100.52 $102.51 | ▼ −1.98% | ▼ −0.07% | $96.86 (+3.64%) |
Sep 10, 2026 6w ago | Insider Cluster | $103.63 $103.03 | ▼ −0.58% | ▼ −1.21% | $96.86 (−6.53%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers