The simultaneous sale by two large holders at the same price suggests coordinated or liquidity-driven selling rather than opportunistic timing. However, the complete absence of insider buying and the cluster nature (both 10% owners) warrants monitoring for any upcoming negative catalyst. Watch for any 8-K filings or earnings pre-announcements in the next 30 days.
Price Chart
Executive Summary
Two 10% owners, including Director Yael Aflalo and Refo SCSp, sold a combined 209,894 shares for $2.93M in open-market transactions on September 1, 2026. This represents 0.33% of REF's $900M market cap — a modest but notable cluster of selling by significant holders with no offsetting insider buying.
Key Financial Metrics
Key Facts
- Director and 10% owner Yael Aflalo sold 60,298 shares at $13.95 for $841K
- 10% owner Refo SCSp sold 149,596 shares at $13.95 for $2.09M
- Total insider selling of $2.93M equals 0.33% of REF's $900M market cap
- No insider purchases in the cluster — 100% selling by two large holders
- Both sales occurred on the same day (Sept 1, 2026) at the same price
Financial Impact
Insider selling of $2.93M represents 0.33% of market cap — modest but concentrated among two 10% owners
Risk Factors
- Potential undisclosed negative catalyst prompting insider selling
- Further selling by remaining 10% owners could pressure stock
- No insider buying to signal confidence in current valuation
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-REF-1788474014989 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $15.03 | awaiting T+20 | — | $15.70 (+4.49%) |
Sep 10, 2026 6w ago | Press Release | $14.03 $13.66 | ▼ −2.64% | ▼ −4.51% | $15.70 (+11.94%) |
Sep 3, 2026 7w ago | Insider Cluster | $13.69 $13.02 | ▲ +4.89% | ▲ +5.50% | $15.70 (−14.72%) |
Jul 29, 2026 12w ago | 3 | $15.08 $14.70 | ▼ −2.52% | ▼ −6.49% | $15.70 (+4.14%) |
Jul 23, 2026 13w ago | S-1/A | — | awaiting T+20 | — | — |
Jul 20, 2026 14w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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