The magnitude of insider selling is extreme — 5.1% of market cap in 7 days from two large holders. The proximity to a $1.3B debt offering raises questions about capital needs and insider confidence. Monitor for any follow-on equity issuance or earnings pre-announcement. The cross-filing amplifiers (cluster + offering context, cluster + press context) historically amplify the signal. Consider reducing positions or hedging until the rationale is clarified.
Price Chart
Executive Summary
Director Keenan Howard and 10% owner KTR Management sold a combined $290.5M of SEI stock in a 7-day window, representing ~5.1% of the company's $5.7B market cap. The sales coincide with a $1.3B senior notes offering by a subsidiary, suggesting insiders may have been monetizing ahead of or in connection with the debt raise. The cluster is highly material by both dollar value and market cap percentage.
Key Financial Metrics
Key Facts
- Director Keenan Howard sold 2M shares for $149M on May 6, 2026 at $74.50/share
- 10% owner KTR Management sold 2M shares for $141.5M on April 30, 2026 at $70.75/share
- Total insider sales of $290.5M represent ~5.1% of SEI's $5.7B market cap
- Sales occurred within 1 day of a $1.3B senior notes offering by subsidiary Solaris Energy Infrastructure, LLC
- The 30-day insider activity total is $290.5M in sales with zero purchases
Financial Impact
$290.5M in insider sales, ~5.1% of market cap
Risk Factors
- Insiders may be signaling overvaluation or impending negative news
- The $1.3B debt offering increases leverage and interest expense
- Potential for further insider selling or secondary offerings
- No insider buying to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SEI-1778200743783 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 8, 2026 20w ago | 144 | $74.66 $55.57 | ▲ +25.57% | ▲ +29.96% | $74.65 (+0.01%) |
May 6, 2026 21w ago | Insider Cluster | $77.45 $51.41 | ▲ +33.62% | ▲ +35.68% | $74.65 (+3.61%) |
May 6, 2026 21w ago | Insider Cluster | $77.45 $51.41 | ▲ +33.62% | ▲ +35.68% | $74.65 (+3.61%) |
May 6, 2026 21w ago | Insider Cluster | $77.45 $51.41 | ▲ +33.62% | ▲ +35.68% | $74.65 (+3.61%) |
May 5, 2026 21w ago | 8-K | $75.68 $51.28 | ▼ −32.24% | ▼ −34.98% | $74.65 (−1.35%) |
Apr 30, 2026 22w ago | Insider Cluster | $73.84 $52.59 | ▲ +28.78% | ▲ +31.89% | $74.65 (−1.10%) |
Apr 27, 2026 22w ago | 8-K | $74.44 $60.38 | ▼ −18.89% | ▼ −22.88% | $74.65 (+0.29%) |
Apr 13, 2026 24w ago | S-3ASR | $65.03 $68.26 | ▲ +4.97% | ▼ −3.56% | $74.65 (+14.80%) |
Apr 8, 2026 25w ago | 8-K | $61.01 $67.47 | ▲ +10.59% | ▼ −0.19% | $74.65 (+22.37%) |
Apr 1, 2026 26w ago | DEFA14A | $55.80 $80.46 | ▲ +44.19% | ▲ +30.03% | $74.65 (+33.79%) |
US Market Status
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