The cluster is too small to signal bearish intent, especially following a strong earnings beat. Monitor for any 10b5-1 plan disclosures or subsequent Form 4 filings that might indicate a pattern. No immediate trading action warranted.
Price Chart
Executive Summary
Three NYT insiders, including the CEO and CFO, sold a combined $1.77M in open-market sales within a week of reporting a strong Q1 2026 beat (EPS $0.54 vs $0.30 YoY, revenue +12% YoY). The CEO's $761K sale and CFO's $321K sale occurred on the same day, while a director sold $694K the prior day. The cluster represents ~0.014% of market cap — well below the 0.1% materiality threshold — and follows a strong earnings report, suggesting liquidity/vesting-driven sales rather than bearish conviction. The cross-filing actuarial verdicts flag this as an amplifier, but the absolute dollar amount is trivial for a $12.5B company.
Key Financial Metrics
Key Facts
- CEO Meredith Kopit Levien sold 9,750 shares at ~$78 for $761K on 2026-05-12
- CFO William Bardeen sold 4,121 shares at ~$77.85 for $321K on 2026-05-12
- Director David S. Perpich sold 9,000 shares at ~$77.06 for $694K on 2026-05-11
- Total cluster value of $1.77M represents ~0.014% of NYT's $12.5B market cap
- Q1 2026 earnings released 8 days prior showed strong results: revenue +12% YoY, EPS $0.54 vs $0.30 YoY, digital subscriptions +310K net adds
Financial Impact
Total insider sales of $1.77M, or ~0.014% of market cap — immaterial relative to company size
Risk Factors
- Insiders may continue selling if share price appreciates further, but current volume is routine
- No evidence of 10b5-1 plans, but sales could be part of pre-arranged diversification
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NYT-1778794362451 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $65.48 $67.68 | ▲ +3.36% | ▲ +3.96% | $61.79 (−5.64%) |
Jun 30, 2026 13w ago | Court Ruling | $69.98 $72.37 | ▲ +3.42% | ▲ +4.44% | $61.79 (−11.70%) |
Jun 30, 2026 13w ago | Court Ruling | $69.98 $72.37 | ▲ +3.42% | ▲ +4.44% | $61.79 (−11.70%) |
May 11, 2026 20w ago | Insider Cluster | $74.27 $73.80 | ▼ −0.63% | ▼ −2.74% | $61.79 (−16.80%) |
Apr 13, 2026 24w ago | Court Ruling | $79.30 $77.22 | ▼ −2.62% | ▼ −10.35% | $61.79 (−22.08%) |
Mar 13, 2026 29w ago | DEFA14A | $78.93 $79.30 | ▲ +0.47% | ▼ −3.12% | $61.79 (−21.71%) |
Mar 13, 2026 29w ago | DEFA14A | $78.93 $79.30 | ▲ +0.47% | ▼ −3.12% | $61.79 (−21.71%) |
Mar 3, 2026 30w ago | Insider Cluster | $81.22 $83.74 | ▼ −3.10% | ▼ −7.51% | $61.79 (+23.92%) |
Dec 3, 2025 43w ago | Court Ruling | $64.06 $69.64 | ▲ +8.71% | ▲ +8.79% | $61.79 (−3.54%) |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access