The $149M sale by the largest director on the day of a $1.3B debt offering is a strong negative signal. Monitor for further insider selling and any credit rating actions. The 6.375% coupon suggests elevated credit risk. Consider short-term bearish positioning.
Price Chart
Executive Summary
Director Keenan W. Howard Jr. sold $149M of SEI stock on May 6, the same day the company's subsidiary priced $1.3B in 6.375% Senior Notes due 2031. Director Walker also sold $4.1M on May 8, while Director Teague made a token $250K purchase. The massive insider selling coincides with a large debt offering, signaling potential dilution or balance sheet concerns.
Key Financial Metrics
Key Facts
- Director Keenan W. Howard Jr. sold 2M shares for $149M on May 6, 2026
- Director Walker Ray N. Jr. sold 56,841 shares for $4.1M on May 8, 2026
- Director Teague AJ purchased 3,425 shares for $250K on May 8, 2026
- Total insider selling: $153.1M vs. buying: $250K — net selling of $152.85M
- On May 5, 2026, Solaris subsidiary priced $1.3B of 6.375% Senior Notes due 2031
- Insider selling represents ~2.8% of SEI's $5.4B market cap
- The $149M sale by Howard alone is ~2.76% of market cap
Financial Impact
Insider selling of $153.1M (2.8% of market cap) concurrent with $1.3B debt offering at 6.375% coupon
Risk Factors
- Additional insider selling may follow
- High leverage from $1.3B debt offering could pressure credit metrics
- 6.375% coupon indicates below-investment-grade credit profile
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-1778531573091 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access