This cluster is too small to warrant a trading response. Oberst's option exercises are routine cashless exercises common after vesting. Monitor the next 10-Q for any fundamental deterioration, but these insider sales alone do not signal material negative information.
Price Chart
Executive Summary
Two ORI insiders sold a combined $1.19M in open-market transactions over two days. EVP Stephen Oberst also exercised a large block of stock options and surrendered shares for tax withholding, a routine cashless exercise. The total open-market sales represent ~0.01% of ORI's $10.5B market cap, well below the 0.1% threshold for materiality, making this cluster economically trivial despite involving two executives.
Key Financial Metrics
Key Facts
- EVP Stephen Oberst sold 13,125 shares at $43.96 for $577K on 2026-07-28
- SVP Jeffrey Lange sold 14,075 shares at $43.76 for $616K on 2026-07-29
- Oberst also exercised 229,000 stock options at various strike prices and surrendered 150,068 shares for tax withholding ($6.46M)
- Total open-market sales of $1.19M represent ~0.01% of ORI's $10.5B market cap
- Oberst's option exercises and tax-withholding surrender are non-cash events with no economic signal
Financial Impact
Total open-market sales of $1.19M, or ~0.01% of market cap — trivial
Risk Factors
- Insider sales could accelerate if the stock continues to trade near $44
- No immediate risk from this cluster given its trivial size relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ORI-1785568192600 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $40.08 $38.91 | ▲ +2.92% | ▲ +2.40% | $38.91 (+2.92%) |
Oct 22, 2026 4d ago | Press Release | $40.08 $38.91 | ▲ +2.92% | ▲ +2.40% | $38.91 (+2.92%) |
Aug 14, 2026 10w ago | Press Release | $42.85 $42.51 | ▼ −0.79% | ▼ −0.32% | $38.91 (−9.19%) |
Jul 31, 2026 12w ago | Insider Cluster | $43.21 $43.33 | ▲ +0.28% | ▼ −1.15% | $38.91 (−9.95%) |
Jul 9, 2026 15w ago | Press Release | $41.32 $41.43 | ▲ +0.27% | ▼ −0.16% | $38.91 (−5.83%) |
May 18, 2026 23w ago | 8-K | $39.24 $39.52 | ▲ +0.71% | ▼ −0.33% | $38.91 (−0.85%) |
May 14, 2026 23w ago | 424B5 | $39.15 $39.32 | ▲ +0.43% | ▲ +1.66% | $38.91 (−0.61%) |
May 13, 2026 23w ago | 424B5 | $38.80 $39.15 | ▲ +0.90% | ▲ +0.12% | $38.91 (+0.28%) |
Apr 23, 2026 26w ago | 8-K | $39.90 $40.39 | ▼ −1.23% | ▼ −0.44% | $38.91 (+2.48%) |
US Market Status
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