Two senior insiders (CFO and President of R&D) made open-market purchases at $1.93, the first insider buying in this window. Monitor for any 8-K or press release that could explain the buying; absent that, treat as a low-conviction signal.
Price Chart
Executive Summary
Two C-suite insiders (CFO and President of R&D) made open-market purchases totaling ~$11K on June 30, 2026, at $1.93/share. This is the first insider buying in this cluster window and represents ~0.22% of the company's $5M market cap — a modest but notable signal from senior management.
Key Financial Metrics
Key Facts
- CFO Russell Skibsted purchased 3,277 shares at $1.93 for $6,325 on June 30, 2026
- President of R&D David Young purchased 2,531 shares at $1.93 for $4,885 on June 30, 2026
- Total open-market purchases: $11,209, representing ~0.22% of the $5M market cap
- Five directors exercised derivative securities for 203 shares each at $0 (non-cash, no economic signal)
- Prior 30-day insider activity: 2 buys totaling $11K — this cluster is the same activity
Financial Impact
Two C-suite insiders purchased $11,209 in open-market shares, representing ~0.22% of the $5M market cap
Risk Factors
- Total insider buying of $11K is only 0.22% of market cap — a modest signal that may not move the stock
- Micro-cap biotech ($5M market cap) with no disclosed revenue or pipeline catalysts — binary risk profile
- Derivative exercises by directors are non-cash events with no economic signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCSA-1782976493664 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | EFFECT | $1.80 | awaiting T+5 | — | $1.82 (−1.39%) |
Oct 22, 2026 5d ago | DEF 14A | $1.81 | awaiting T+5 | — | $1.82 (+0.55%) |
Oct 9, 2026 18d ago | S-3 | $1.90 $1.73 | ▲ +8.95% | ▲ +7.45% | $1.82 (+4.21%) |
Jul 29, 2026 12w ago | 8-K | $2.03 $2.19 | ▲ +7.88% | ▲ +2.35% | $1.82 (−10.34%) |
Jul 1, 2026 16w ago | Insider Cluster | $2.16 $2.16 | · 0.00% | ▼ −1.37% | $1.82 (−15.74%) |
Jun 16, 2026 19w ago | Insider Cluster | $2.15 $1.93 | ▼ −10.23% | ▼ −9.19% | $1.82 (−15.35%) |
Jun 16, 2026 19w ago | Insider Cluster | $2.15 $1.93 | ▼ −10.23% | ▼ −9.19% | $1.82 (−15.35%) |
Jun 1, 2026 21w ago | Insider Cluster | $2.92 $2.04 | ▼ −30.31% | ▼ −27.34% | $1.82 (−37.67%) |
May 19, 2026 23w ago | Insider Cluster | $2.61 $2.64 | ▲ +1.15% | ▼ −0.65% | $1.82 (−30.27%) |
May 19, 2026 23w ago | Insider Cluster | $2.61 $2.64 | ▲ +1.15% | ▼ −0.65% | $1.82 (−30.27%) |
US Market Status
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