This cluster is noise — dollar amounts are immaterial relative to $2.4B market cap. The CMO's sale is mechanically linked to derivative exercises, not a conviction sell. No actionable bearish read-through. Monitor for any larger transactions or unexpected C-suite departures.
Price Chart
Executive Summary
Three NYAX insiders (CFO, CMO, director) sold an aggregate ~$118K open-market over 6 days. The CMO's sale immediately followed derivative exercises at $0 cost basis, suggesting tax/vesting-driven liquidity rather than a bearish view on fundamentals. Dollar value is only ~0.005% of market cap — well below materiality thresholds.
Key Financial Metrics
Key Facts
- CFO Manor Sagit sold 251 shares at $64.58 on 2026-05-18, total $16K.
- CMO Sever Michal sold 1,563 shares at $64.41 on 2026-05-15, total $101K.
- CMO concurrently exercised 1,563 derivatives at $0 and another 1,563 at $21.352 — the sale is typical sell-to-cover / liquidity transaction.
- Director Havshush Eran sold 19 shares at $67.57, total $1.3K.
- Aggregate $118K open-market selling = ~0.005% of $2.4B market cap — trivial.
- No recent open-market purchases by any insider in this window; net direction is selling but de minimis.
Financial Impact
~$118K total insider sales, roughly 0.005% of market cap
Risk Factors
- Further insider selling at higher volumes could signal deteriorating confidence.
- No insider buying to offset the selling asymmetry — the signal, while weak, is one-sided.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NYAX-1779194364978 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $48.30 $46.61 | ▼ −3.49% | ▼ −3.25% | $50.41 (+4.38%) |
Oct 2, 2026 24d ago | Insider Cluster | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Oct 1, 2026 25d ago | 6-K | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Oct 1, 2026 25d ago | Press Release | $49.00 $49.77 | ▲ +1.57% | ▲ +0.90% | $50.41 (+2.88%) |
Sep 30, 2026 26d ago | Insider Cluster | $47.71 $48.25 | ▲ +1.13% | ▲ +0.95% | $50.41 (+5.66%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.41 (+13.10%) |
Sep 29, 2026 27d ago | Insider Cluster | $44.57 $47.71 | ▲ +7.05% | ▲ +7.25% | $50.41 (+13.10%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.41 (+12.65%) |
Sep 24, 2026 4w ago | Insider Cluster | $44.75 $45.03 | ▲ +0.63% | ▲ +0.08% | $50.41 (+12.65%) |
Sep 22, 2026 4w ago | Insider Cluster | $43.33 $42.63 | ▼ −1.62% | ▼ −0.90% | $50.41 (+16.34%) |
US Market Status
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