Insider activity is negligible in size and mixed in direction — no actionable signal. Monitor for any material corporate events (earnings, partnership news, financing) that could explain future insider moves.
Price Chart
Executive Summary
Two insiders at Orchestra BioMed traded in opposite directions on the same day: Director Hochman bought $19K worth of shares on the open market, while executive Sherman sold $58K. Two additional tax-withholding transactions (CFO Taylor and Sherman) were non-cash events with no economic signal. The net dollar value ($77K) is 0.034% of market cap, well below the 0.1% threshold for materiality, making this cluster routine and non-informative.
Key Financial Metrics
Key Facts
- Director Hochman purchased 5,000 shares at $3.83 for $19,150 on June 1, 2026
- Executive Sherman sold 15,000 shares at $3.87 for $58,050 on June 1, 2026
- CFO Taylor surrendered 3,076 shares for tax withholding ($12,242) on May 28, 2026
- Total cluster value of $77K is 0.034% of $229M market cap — trivial
- The only open-market sale ($58K) is small and could be liquidity-driven; no pattern suggesting 10b5-1
Financial Impact
Total open-market activity of $77K represents 0.034% of market cap — immaterial
Risk Factors
- Small insider sale by executive Sherman could precede other selling, but current size is routine
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-OBIO-1780432176112 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 26d ago | 144 | $6.35 $5.73 | ▼ −9.76% | ▼ −11.06% | $5.78 (−8.98%) |
Oct 1, 2026 26d ago | 8-K | $6.35 $5.73 | ▼ −9.76% | ▼ −11.06% | $5.78 (−8.98%) |
Sep 22, 2026 5w ago | Institutional Cluster | $6.22 $6.08 | ▼ −2.25% | ▼ −1.06% | $5.78 (−7.07%) |
Sep 8, 2026 7w ago | Insider Cluster | $5.43 $6.04 | ▲ +11.23% | ▲ +12.35% | $5.78 (+6.45%) |
Sep 1, 2026 8w ago | 144 | $4.90 $5.45 | ▼ −11.22% | ▼ −11.14% | $5.78 (−17.96%) |
Jul 1, 2026 16w ago | 144 | $4.30 $3.96 | ▼ −7.91% | ▼ −8.17% | $5.78 (+34.42%) |
Jun 2, 2026 20w ago | Insider Cluster | $3.86 $4.02 | ▲ +4.15% | ▲ +7.96% | $5.78 (+49.74%) |
May 19, 2026 23w ago | Insider Cluster | $4.00 $4.06 | ▲ +1.50% | ▼ −0.75% | $5.78 (+44.50%) |
Apr 29, 2026 25w ago | DEFA14A | $3.99 $3.93 | ▼ −1.50% | ▼ −3.23% | $5.78 (+44.86%) |
Apr 23, 2026 26w ago | Press Release | $4.15 $3.80 | ▼ −8.43% | ▼ −9.91% | $5.78 (+39.28%) |
US Market Status
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