Insider sales are trivial relative to market cap and likely liquidity-driven (CEO also exercised options). No bearish signal. Monitor for any material change in insider selling cadence or size, but this cluster alone does not warrant action.
Price Chart
Executive Summary
CEO Richard Schwartz and COO Mattias Stetz sold a combined $1.72M in open-market shares on June 1, 2026, at ~$25.60. The CEO also exercised and surrendered options for tax withholding (non-cash). At $5.9B market cap, the sales represent ~0.03% of market cap — trivial in size. The cluster is not amplified by the asymmetry rule (sales are weak predictors) and the dollar amount is immaterial relative to company size.
Key Financial Metrics
Key Facts
- CEO Richard Schwartz sold 47,222 shares for $1.21M on June 1, 2026
- COO Mattias Stetz sold 20,000 shares for $513K on June 1, 2026
- Total open-market sales: $1.72M, or ~0.03% of $5.9B market cap
- CEO also exercised and surrendered options (non-cash, $0 value) on the same day
- Prior 30-day insider activity: 4 sells totaling $36.2M — this cluster is a continuation of routine selling
Financial Impact
Total insider sales of $1.72M represent ~0.03% of market cap — immaterial
Risk Factors
- Insider selling pattern could accelerate if fundamentals deteriorate
- Historical performance on RSI reports shows poor T+20 win rate (17%) — prior calls have not predicted stock movement well
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RSI-1780524405492 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | Insider Cluster | $26.68 $27.02 | ▲ +1.27% | ▲ +1.82% | $20.01 (−25.00%) |
Sep 3, 2026 29d ago | 144 | $26.77 $26.68 | ▼ −0.34% | ▲ +0.05% | $20.01 (−25.25%) |
Aug 5, 2026 8w ago | Insider Cluster | $25.92 $25.08 | ▼ −3.24% | ▼ −3.08% | $20.01 (−22.80%) |
Jul 8, 2026 12w ago | Insider Cluster | $32.63 $33.40 | ▲ +2.36% | ▲ +1.93% | $20.01 (−38.68%) |
Jul 8, 2026 12w ago | Press Release | $32.63 $33.40 | ▲ +2.36% | ▲ +1.93% | $20.01 (−38.68%) |
Jul 6, 2026 12w ago | 144 | $32.22 $32.31 | ▲ +0.28% | ▲ +0.75% | $20.01 (−37.90%) |
Jul 2, 2026 13w ago | Insider Cluster | $31.68 $32.22 | ▲ +1.70% | ▲ +0.83% | $20.01 (−36.84%) |
Jun 12, 2026 16w ago | Institutional Cluster | $29.60 $30.12 | ▲ +1.76% | ▼ −0.01% | $20.01 (−32.40%) |
Jun 5, 2026 17w ago | Insider Cluster | $26.14 $27.59 | ▼ −5.55% | ▼ −5.84% | $20.01 (+23.45%) |
Jun 3, 2026 17w ago | Insider Cluster | $26.23 $26.14 | ▼ −0.34% | ▲ +2.26% | $20.01 (−23.71%) |
US Market Status
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