A significant insider selling cluster at Richardson Electronics (RELL) with 7 insiders, including the CFO, COO, and an EVP, selling a total of ~$2.27M in open-market transactions over a one-week window. This represents approximately 0.74% of the company's $308M market cap, placing it in the 'modest' to 'significant' proportionality band. The cluster is dominated by C-suite and senior executive sales, which, while less predictive than buys per academic literature, is notable for its breadth and dollar value, especially given the stock's recent volatility and the company's small market cap. The cross-filing context shows additional sales by the COO and directors in the same period, reinforcing the pattern of insider liquidation.
Price Chart
Executive Summary
A significant insider selling cluster at Richardson Electronics (RELL) with 7 insiders, including the CFO, COO, and an EVP, selling a total of ~$2.27M in open-market transactions over a one-week window. This represents approximately 0.74% of the company's $308M market cap, placing it in the 'modest' to 'significant' proportionality band. The cluster is dominated by C-suite and senior executive sales, which, while less predictive than buys per academic literature, is notable for its breadth and dollar value, especially given the stock's recent volatility and the company's small market cap. The cross-filing context shows additional sales by the COO and directors in the same period, reinforcing the pattern of insider liquidation.
Key Financial Metrics
Key Facts
- 7 insiders sold a total of ~$2.27M in open-market transactions over 7 days.
- Sales include the CFO (Ben Robert J, $150K), COO (Diddell Wendy, $478K), and EVP Canvys (Ruppert Jens Frank, $713K).
- Total sales represent ~0.74% of RELL's $308M market cap.
- Director Benham James also exercised derivatives for ~$153K in cash, then sold shares, indicating a cash-out strategy.
- The cluster is amplified by cross-filing context showing additional COO and director sales in the same period.
Financial Impact
Total insider sales of ~$2.27M, or 0.74% of market cap, concentrated among top executives.
Risk Factors
- Insider sales may be liquidity-driven (e.g., diversification, tax planning) rather than signaling fundamental weakness.
- The company's small market cap ($308M) means even modest dollar sales can appear proportionally large.
- Historical performance shows RELL has high volatility and positive drift, which could offset bearish signals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RELL-1786022230245 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | DEFA14A | $17.21 $16.59 | ▼ −3.60% | ▼ −3.08% | $18.99 (+10.34%) |
Aug 6, 2026 8w ago | Insider Cluster | $20.74 $16.98 | ▲ +18.13% | ▲ +18.73% | $18.99 (+8.44%) |
Aug 6, 2026 8w ago | Insider Cluster | $20.74 $16.98 | ▲ +18.13% | ▲ +18.73% | $18.99 (+8.44%) |
Aug 5, 2026 8w ago | Insider Cluster | $20.98 $16.99 | ▲ +19.02% | ▲ +18.42% | $18.99 (+9.49%) |
Aug 3, 2026 8w ago | Insider Cluster | $19.65 $17.32 | ▲ +11.86% | ▲ +13.10% | $18.99 (+3.36%) |
Jul 31, 2026 9w ago | Insider Cluster | $18.29 $17.71 | ▲ +3.17% | ▲ +6.16% | $18.99 (−3.83%) |
Jul 30, 2026 9w ago | Insider Cluster | $18.13 $17.99 | ▲ +0.77% | ▲ +4.74% | $18.99 (−4.74%) |
Jul 30, 2026 9w ago | Insider Cluster | $18.13 $17.99 | ▼ −0.77% | ▼ −4.74% | $18.99 (+4.74%) |
Jul 22, 2026 10w ago | Press Release | $21.82 $17.51 | ▼ −19.75% | ▼ −23.06% | $18.99 (−12.97%) |
Jul 15, 2026 11w ago | Press Release | $16.70 $20.41 | ▲ +22.22% | ▲ +18.60% | $18.99 (+13.71%) |
US Market Status
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