The cluster of open-market sales by multiple C-suite officers without any buys is a bearish signal, but the small dollar amount relative to market cap limits the immediate trading impact. Monitor the next quarterly filing for any change in business fundamentals or guidance that may have prompted the selling.
How the stock moved after the report
⚠ Clustered BEARISH VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 3 $33.60entry
- T+1 · 13h ago −1.79%α −3.44% · $33.00
- T+5 · in 5d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Four insiders at Radware, including the COO, CTO, and Chief People Officer, sold a total of $1.05M in open-market sales over a one-week window. The COO's sale of $563K at a slight discount to prior trades and the absence of any insider purchases suggest a bearish signal, though the total value is only 0.07% of the $1.6B market cap, limiting materiality.
Key Financial Metrics
Key Facts
- Four insiders sold shares in open-market transactions totaling $1.05M.
- COO Malka Gabriel sold 16,461 shares at $34.23 for $563K on Nov 2.
- CTO Aviv David Meleh sold 7,500 shares at $36.28 for $272K on Oct 28.
- Chief People Officer Rivkah Goldriech sold 4,125 shares at $36.00 for $149K on Oct 28.
- Director Yair Tauman sold 1,919 shares at $36.05 for $69K on Oct 30.
- No insider purchases were reported in the cluster.
- Total sales represent approximately 0.07% of Radware's $1.6B market cap.
- None of the sales were under a 10b5-1 plan.
Financial Impact
Total insider sales of $1.05M, or 0.07% of market cap.
Risk Factors
- Insider selling by key executives may indicate concerns about near-term business performance.
- COO sold at a price ($34.23) below the CTO and CPO sales ($36.28 and $36.00), potentially signaling a more urgent view.
- No 10b5-1 plans were in place, making the sales purely discretionary.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RDWR-1793721269158 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 1d ago | Insider Cluster | $33.60 $33.00 | ▲ +1.79% | ▲ +3.44% | $33.00 (+1.79%) |
Nov 3, 2026 1d ago | 144 | $33.60 $33.00 | ▼ −1.79% | ▼ −3.44% | $33.00 (−1.79%) |
Nov 2, 2026 2d ago | Insider Cluster | $32.64 $33.60 | ▲ +2.94% | ▲ +2.64% | $33.00 (+1.10%) |
Nov 2, 2026 2d ago | 144 | $32.64 $33.60 | ▲ +2.94% | ▲ +2.64% | $33.00 (+1.10%) |
Oct 30, 2026 5d ago | 144 | $34.58 $32.64 | ▼ −5.61% | ▼ −5.13% | $33.00 (−4.57%) |
Oct 29, 2026 6d ago | Insider Cluster | $36.64 $34.58 | ▼ −5.62% | ▼ −3.85% | $33.00 (−9.93%) |
Oct 29, 2026 6d ago | 144 | $36.64 $34.58 | ▼ −5.62% | ▼ −3.85% | $33.00 (−9.93%) |
Oct 28, 2026 7d ago | 144 | $37.16 $36.64 | ▼ −1.40% | ▼ −1.02% | $33.00 (−11.19%) |
Oct 28, 2026 7d ago | 6-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 28, 2026 7d ago | Press Release | $37.16 $36.64 | ▼ −1.40% | ▼ −1.02% | $33.00 (−11.19%) |
US Market Status
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