Insider Cluster (2 insiders) ·Filed Jun 16, 2026
Insider cluster: 2 insiders, $9K total
Actionable Insight ▲ Bullish
The cluster buy by two C-suite officers at identical price and date is a modestly positive signal, but the company's $6M micro-cap, lack of revenue visibility, and historical pattern of insider buying providing no positive returns over 20 trading days warrant caution.
Final — all horizons settled through T+60d ⚠ clustered
PCSA ▼ -3.26% at T+60d
LONG call ✗ call lost -3.26% · α vs SPY -6.40% · entry $2.15 → $2.08
T+1d
-1.40%
call -1.40% · α -2.18%
$2.12
settled 4mo ago
T+5d
-10.23%
call -10.23% · α -9.19%
$1.93
settled 4mo ago
T+20d
+4.19%
call +4.19% · α +2.87%
$2.24
settled 3mo ago
T+60d
-3.26%
call -3.26% · α -6.40%
$2.08
settled 6w ago
Price Chart
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Executive Summary
Two C-suite insiders at Processa Pharmaceuticals (PCSA) made small open-market purchases totaling ~$9K on June 15, 2026, at $2.22 per share.
Key Financial Metrics
Direction
buying
Total Value
$8.8K
Insiders
2
Key Facts
- Chief Business & Strategy Officer Patrick Lin purchased 1,831 shares at $2.22 for $4,064.82 on June 15, 2026.
- Chief Administrative Officer Wendy Guy purchased 2,118 shares at $2.22 for $4,701.96 on June 15, 2026.
- Total cluster purchase value is $9K against a $6M market cap (~0.15%).
- The two buys occurred on the same day at the same price, suggesting coordinated confidence rather than routine 10b5-1 selling.
Financial Impact
~$9K in total insider purchases, representing ~0.15% of the $6M market cap
dilutioninsider confidence
Risk Factors
- Micro-cap with high bankruptcy risk; $6M market cap leaves minimal margin for error.
- Open-market purchases of this size (~$4-5K per insider) could be routine portfolio adjustments, not conviction signals.
- No 10b5-1 plan indicated, but the small dollar amount limits the signal's strength.
Market Snapshot
Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
86% bullish (7 analysts)
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCSA-1781641299755 |
14 reports for PCSA
70% Hit rate @ T+5 Went positive at some point 8 of 10 best @ T+5▲ +19.60%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | EFFECT | $1.81 | awaiting T+5 | — | $1.79 (+0.83%) |
Oct 22, 2026 4d ago | DEF 14A | $1.81 | awaiting T+5 | — | $1.79 (−0.83%) |
Oct 9, 2026 17d ago | S-3 | $1.90 $1.73 | ▲ +8.95% | ▲ +7.45% | $1.79 (+5.53%) |
Jul 29, 2026 12w ago | 8-K | $2.03 $2.19 | ▲ +7.88% | ▲ +2.35% | $1.79 (−11.58%) |
Jul 1, 2026 16w ago | Insider Cluster | $2.16 $2.16 | · 0.00% | ▼ −1.37% | $1.79 (−16.90%) |
Jun 16, 2026 18w ago | Insider Cluster | $2.15 $1.93 | ▼ −10.23% | ▼ −9.19% | $1.79 (−16.51%) |
Jun 16, 2026 18w ago | Insider Cluster | $2.15 $1.93 | ▼ −10.23% | ▼ −9.19% | $1.79 (−16.51%) |
Jun 1, 2026 21w ago | Insider Cluster | $2.92 $2.04 | ▼ −30.31% | ▼ −27.34% | $1.79 (−38.53%) |
May 19, 2026 22w ago | Insider Cluster | $2.61 $2.64 | ▲ +1.15% | ▼ −0.65% | $1.79 (−31.23%) |
May 19, 2026 22w ago | Insider Cluster | $2.61 $2.64 | ▲ +1.15% | ▼ −0.65% | $1.79 (−31.23%) |
Showing 10 of 14
US Market Status
Market Closed — Opens Tue (< 1m)
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