The coordinated selling by the CEO, CFO, and CAO within a short window is a bearish signal, though the dollar amounts are not alarming relative to market cap. Monitor for any upcoming earnings pre-announcement or guidance revision that may have prompted the sales. The CEO's option exercise and sell pattern reduces the signal's strength, but the breadth of participation warrants caution.
Price Chart
Executive Summary
A cluster of insider selling at ScanSource, led by CEO Michael Baur and joined by the CFO and CAO, totaling $1.80M in open-market sales over a one-week window. While the dollar value is modest relative to the $1.2B market cap (0.15%), the participation of the CEO, CFO, and CAO in a concentrated cluster is notable. The CEO's sales coincide with the exercise and immediate sale of stock options, which is a common pattern but still signals a lack of bullish conviction at the top. The cluster is bearish on balance, though the magnitude is moderate.
Key Financial Metrics
Key Facts
- CEO Michael Baur sold 55,508 shares total across multiple open-market transactions for ~$3.33M.
- CFO Stephen Jones sold 8,700 shares for ~$493K.
- CAO Brandy Ford sold 5,300 shares for ~$302K.
- Total cluster open-market sales: ~$1.80M (0.15% of market cap).
- CEO's sales were part of a same-day option exercise and sell pattern, reducing net economic exposure.
Financial Impact
Total insider selling of $1.80M represents 0.15% of the $1.2B market cap, a modest but notable amount given the breadth of participants.
Risk Factors
- Insider selling may indicate management's lack of confidence in near-term prospects.
- Further selling by other executives could accelerate a negative sentiment shift.
- No offsetting insider buying to signal conviction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SCSC-1789448767846 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEFA14A | — | awaiting T+20 | — | — |
Oct 26, 2026 today | DEF 14A | — | awaiting T+20 | — | — |
Oct 20, 2026 6d ago | SC 13G/A | $60.23 | awaiting T+20 | — | $60.98 (+1.25%) |
Oct 9, 2026 17d ago | SC 13G/A | $60.67 | awaiting T+20 | — | $60.98 (+0.51%) |
Sep 14, 2026 6w ago | Insider Cluster | $57.63 $61.97 | ▼ −7.53% | ▼ −4.81% | $60.98 (−5.81%) |
Sep 4, 2026 7w ago | Insider Cluster | $57.69 $60.94 | ▲ +5.63% | ▲ +3.67% | $60.98 (+5.70%) |
Sep 2, 2026 7w ago | 8-K | $56.64 $62.22 | ▲ +9.85% | ▲ +10.00% | $60.98 (+7.66%) |
Aug 20, 2026 9w ago | 8-K | $56.39 $57.65 | ▲ +2.23% | ▲ +2.23% | $60.98 (+8.14%) |
Aug 17, 2026 10w ago | 8-K | $51.71 $57.63 | ▲ +11.45% | ▲ +13.43% | $60.98 (+17.93%) |
May 29, 2026 21w ago | 8-K | $48.13 $52.09 | ▲ +8.23% | ▲ +9.53% | $60.98 (+26.70%) |
US Market Status
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