The cluster of C-suite selling, while small in proportion to market cap, is a bearish signal given the literature on insider cluster sales. Monitor for upcoming earnings or material news that may have prompted the selling. The CEO's additional September sales reinforce the pattern. Consider reducing position size or hedging until the next catalyst (e.g., earnings, product announcement) clarifies the insider motivation.
Price Chart
Executive Summary
Four top insiders at Omada Health, including the CEO, CFO, President, and CAO, sold a total of ~$623K in open-market shares over a one-week period in early August 2026. While the dollar amount is modest relative to the $1.4B market cap (~0.04%), the cluster involves the entire C-suite selling concurrently, which warrants attention. The CEO also exercised options and sold shares on September 1, 2026, adding to the selling pattern. This cluster is notable but not alarming given the small proportional size and the presence of concurrent option exercises that often trigger sales for tax purposes.
Key Financial Metrics
Key Facts
- Four top insiders (CEO, CFO, President, CAO) sold shares in a cluster from Aug 5-12, 2026.
- Total open-market sales: ~$623K, representing ~0.04% of Omada's $1.4B market cap.
- CEO Sean Duffy also sold an additional ~$510K in open-market shares on Sep 1, 2026, following option exercises.
- The cluster includes both open-market sales and non-cash transactions (option exercises and tax withholdings).
Financial Impact
Total insider sales of ~$623K in the Aug 5-12 cluster, plus ~$510K in CEO sales on Sep 1, 2026. Combined ~$1.13M in open-market sales over ~30 days.
Risk Factors
- Insider selling could indicate management's lack of confidence in near-term prospects.
- The cluster may be driven by pre-arranged 10b5-1 plans or tax-related liquidity needs, reducing the signal's strength.
- Omada's stock has been volatile historically, with prior bearish calls showing mixed T+20 outcomes.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-OMDA-1788588436929 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $20.50 $20.61 | ▼ −0.54% | ▼ −0.43% | $20.65 (−0.73%) |
Sep 4, 2026 28d ago | Insider Cluster | $22.77 $20.50 | ▲ +9.97% | ▲ +8.76% | $20.65 (+9.31%) |
Sep 3, 2026 28d ago | Insider Cluster | $22.77 $20.50 | ▼ −9.97% | ▼ −8.76% | $20.65 (−9.31%) |
Aug 12, 2026 7w ago | Insider Cluster | $23.84 $24.47 | ▲ +2.64% | ▲ +3.09% | $20.65 (−13.38%) |
Jul 23, 2026 10w ago | Press Release | $21.20 $19.69 | ▲ +7.12% | ▲ +7.60% | $20.65 (+2.59%) |
Jul 9, 2026 12w ago | Insider Cluster | $23.55 $23.67 | ▼ −0.51% | ▼ −0.64% | $20.65 (+12.31%) |
Jul 9, 2026 12w ago | Insider Cluster | $23.55 $23.67 | ▲ +0.51% | ▲ +0.64% | $20.65 (−12.31%) |
Jul 6, 2026 12w ago | Insider Cluster | $22.85 $23.28 | ▼ −1.88% | ▼ −1.39% | $20.65 (+9.63%) |
Jul 6, 2026 12w ago | Insider Cluster | $22.85 $23.28 | ▲ +1.88% | ▲ +1.39% | $20.65 (−9.63%) |
Jul 3, 2026 13w ago | Insider Cluster | $22.39 $23.55 | ▼ −5.18% | ▼ −4.25% | $20.65 (+7.77%) |
US Market Status
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