A same-day, same-price, same-size sale by both the CFO and President is an unusual pattern that often signals a shared bearish view — but the dollar amount is small relative to market cap. Monitor for any material adverse news (guidance revision, customer concentration, regulatory risk) in the coming weeks. If additional filings (SC 13D, 8-K 2.05 restructuring, or NT late filing) appear within 30 days, the bearish signal would be amplified per cross-filing actuarial verdicts.
Price Chart
Executive Summary
Two top executives — CFO Daniel MacLachlan and President James Patrick Reilly — sold identical blocks of 6,000 RDVT shares each on the same day at $57.62, totaling $691K in open-market sales. This coordinated C-suite cluster sale at near the 52-week high warrants attention, though the dollar value represents only ~0.09% of RDVT's $802M market cap, falling just below the 0.1% materiality threshold.
Key Financial Metrics
Key Facts
- CFO MacLachlan sold 6,000 shares on 2026-06-01 at $57.62 for $345,720
- President Reilly sold 6,000 shares on 2026-06-01 at $57.62 for $345,720
- Total cluster sale value: $691K, representing ~0.09% of $802M market cap
- Both trades were open-market sales, not 10b5-1 plan or tax-withholding dispositions
- Sales occurred on the same day at the same price, indicating coordinated timing
- No insider purchases were reported in the cluster window
Financial Impact
$691,000 in total insider sales, or roughly 0.09% of market capitalization
Risk Factors
- Coincidence: sales may be part of routine diversification despite appearing coordinated
- Sub-0.1% of market cap: the cluster is too small to be a strong fundamental 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-RDVT-1780357304335 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 11w ago | Press Release | $65.49 | awaiting T+60 | — | $80.12 (−22.35%) |
Aug 6, 2026 11w ago | 424B5 | $65.49 | awaiting T+60 | — | $80.12 (−22.35%) |
Aug 5, 2026 11w ago | Press Release | $67.30 | awaiting T+60 | — | $80.12 (−19.05%) |
Jun 1, 2026 21w ago | Insider Cluster | $56.79 $69.50 | ▼ −22.38% | ▼ −21.26% | $80.12 (−41.08%) |
Jun 1, 2026 21w ago | Insider Cluster | $56.79 $69.50 | ▼ −22.38% | ▼ −21.26% | $80.12 (−41.08%) |
Jun 1, 2026 21w ago | 144 | $56.79 $69.50 | ▲ +22.38% | ▲ +21.26% | $80.12 (+41.08%) |
Jun 1, 2026 21w ago | 144 | $56.79 $69.50 | ▲ +22.38% | ▲ +21.26% | $80.12 (+41.08%) |
Jun 1, 2026 21w ago | 144 | $56.79 $69.50 | ▲ +22.38% | ▲ +21.26% | $80.12 (+41.08%) |
Jun 1, 2026 21w ago | 144 | $56.79 $69.50 | ▲ +22.38% | ▲ +21.26% | $80.12 (+41.08%) |
May 7, 2026 24w ago | 8-K | $49.70 $69.73 | ▲ +40.30% | ▲ +35.46% | $80.12 (+61.21%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers