The insider sales are routine and immaterial relative to market cap. The equity grant cycle on Sep 1 is standard annual compensation. No bearish signal here — monitor the next quarterly filing for any fundamental deterioration, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Two senior executives at ScanSource (CFO and CAO) sold a combined $795K in open-market sales over two days, with the CFO's $493K sale being the largest. This follows a large equity grant cycle on September 1 where the CEO received 53,899 restricted shares, and multiple other executives received grants and surrendered shares for tax withholding. The open-market sales are modest at ~0.07% of the $1.2B market cap, falling below the 0.1% materiality threshold, and are likely routine portfolio diversification following vesting events rather than a bearish signal.
Key Financial Metrics
Key Facts
- CFO Stephen Jones sold 10,000 shares total ($567K) on Sep 3 — $493K open-market + $74K at $57.21
- CAO Brandy Ford sold 5,293 shares total ($304K) on Sep 4 — $302K open-market + $2K at $58.04
- CEO Michael Baur received 53,899 restricted shares (grant) on Sep 1, then surrendered 8,023 shares for tax withholding ($451K)
- Total open-market sales of $795K represent ~0.07% of $1.2B market cap — below the 0.1% materiality floor
- All non-C-suite directors received 3,234 share grants each on Sep 1 — routine annual equity compensation
Financial Impact
Open-market sales of $795K are trivial relative to $1.2B market cap (0.07%)
Risk Factors
- Insider sales could accelerate if management sees headwinds in the wholesale IT distribution sector
- The CFO selling ~$500K near a 52-week high could indicate personal portfolio rebalancing, not a bearish view
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-1788555694322 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEFA14A | $60.98 | awaiting T+20 | — | $60.98 (−0.00%) |
Oct 26, 2026 today | DEF 14A | $60.98 | awaiting T+20 | — | $60.98 (−0.00%) |
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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