The cluster sell is sub-material in dollar terms and consistent with RSKD's ongoing insider selling pattern. No bearish signal here — treat as routine portfolio diversification. Monitor for any material change in business fundamentals (next earnings or 8-K) before reading into insider activity.
Price Chart
Executive Summary
Two RSKD insiders, including a director and the President of Worldwide Field Operations, sold a combined $668K in open-market sales over a three-day window. The cluster is 100% sells with no buys, but the total value is only ~0.09% of the $763M market cap, falling below the 0.1% materiality threshold. Per the academic literature, cluster sells are weak predictors and likely driven by liquidity or routine portfolio rebalancing rather than a shared bearish view.
Key Financial Metrics
Key Facts
- Director Shachar Erez sold 183,603 shares total ($951K) across three trades on July 13-15
- President Ravi Kumaraswami sold 65,000 shares ($334K) on July 15
- Total cluster value of $668K represents ~0.09% of RSKD's $763M market cap
- No insider purchases in the cluster; net direction is 100% selling
- Prior 30-day insider activity shows $2.9M in total sells, consistent with ongoing selling pattern
Financial Impact
Total insider sales of $668K, or ~0.09% of market cap — below the 0.1% materiality threshold for a cluster
Risk Factors
- Insider selling pattern could accelerate if business fundamentals deteriorate
- Low confidence due to small sample size (2 insiders) and sub-material dollar amounts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RSKD-1784279517875 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | SC 13G/A | $8.22 $8.34 | ▲ +1.46% | ▲ +1.04% | $8.98 (+9.25%) |
Oct 15, 2026 12d ago | SC 13G/A | $8.22 $8.34 | ▲ +1.46% | ▲ +1.04% | $8.98 (+9.25%) |
Sep 17, 2026 5w ago | Insider Cluster | $6.21 $6.35 | ▼ −2.25% | ▼ −0.70% | $8.98 (−44.61%) |
Sep 16, 2026 5w ago | Insider Cluster | $6.31 $6.21 | ▲ +1.58% | ▲ +1.71% | $8.98 (−42.31%) |
Sep 8, 2026 7w ago | Insider Cluster | $5.92 $5.97 | ▼ −0.84% | ▼ −1.44% | $8.98 (−51.69%) |
Sep 4, 2026 7w ago | Insider Cluster | $6.16 $5.92 | ▼ −3.90% | ▼ −3.43% | $8.98 (+45.78%) |
Sep 3, 2026 7w ago | Insider Cluster | $6.51 $6.16 | ▼ −5.38% | ▼ −4.83% | $8.98 (+37.94%) |
Aug 31, 2026 8w ago | 144 | $6.29 $6.19 | ▲ +1.59% | ▲ +0.90% | $8.98 (−42.77%) |
Aug 27, 2026 8w ago | 144 | $6.12 $6.31 | ▼ −3.10% | ▼ −3.33% | $8.98 (−46.73%) |
Aug 21, 2026 9w ago | Insider Cluster | $5.95 $5.94 | ▲ +0.17% | ▲ +0.49% | $8.98 (−50.92%) |
US Market Status
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