This insider selling cluster is routine for a $14.3B REIT — the $9.27M represents less than 0.1% of market cap and is consistent with normal portfolio rebalancing by the Executive Chairman. No bearish signal. Monitor for any upcoming earnings or operational filings that could provide context, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Executive Chairman Martin Stein Jr. sold $8.64M worth of REG shares and the Western Regional President/CIO sold $627K, totaling $9.27M in open-market sales over two days. This represents 0.065% of REG's $14.3B market cap — a trivial amount that is routine portfolio diversification for a $14.3B REIT. The cluster is not material relative to company size.
Key Financial Metrics
Key Facts
- Executive Chairman Martin Stein Jr. sold 110,263 shares at $78.40 for $8.64M on 2026-05-04
- Western Regional President & CIO Nicholas Wibbenmeyer sold 7,927 shares at $79.06 for $627K on 2026-05-05
- Director Bryce Blair exercised 2,150 derivative shares at $0 (non-cash event, no economic impact)
- Total open-market sales: $9.27M, representing 0.065% of REG's $14.3B market cap
- Prior 30-day insider activity: 2 sells totaling $9.3M — this cluster is consistent with normal cadence
- No insider buying in the cluster
Financial Impact
Total insider selling of $9.27M, or 0.065% of market cap — immaterial
Risk Factors
- Insider selling at current levels could indicate personal diversification, not a negative view on the company
- No risk signals from this filing — the dollar amount is trivial relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-REG-1778256850470 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Court Ruling | $76.06 $72.92 | ▼ −4.13% | ▼ −3.60% | $71.60 (−5.86%) |
Jul 29, 2026 9w ago | Press Release | $80.36 $75.46 | ▼ −6.10% | ▼ −10.06% | $71.60 (−10.90%) |
May 4, 2026 21w ago | Insider Cluster | $78.71 $76.14 | ▼ −3.27% | ▼ −8.91% | $71.60 (−9.03%) |
May 4, 2026 21w ago | Insider Cluster | $78.71 $76.14 | ▼ −3.27% | ▼ −8.91% | $71.60 (−9.03%) |
May 4, 2026 21w ago | Insider Cluster | $78.71 $76.14 | ▼ −3.27% | ▼ −8.91% | $71.60 (−9.03%) |
Mar 30, 2026 26w ago | Press Release | $75.58 $79.30 | ▲ +4.92% | ▼ −4.50% | $71.60 (−5.27%) |
Mar 25, 2026 27w ago | DEFA14A | $74.38 $80.67 | ▲ +8.46% | ▲ +0.60% | $71.60 (−3.74%) |
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.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access