The dollar amount is too small to signal material non-public information. Monitor for any upcoming clinical or regulatory catalysts (Skye is a biotech) that could explain the selling, but treat this as routine portfolio trimming by 10% owners.
Price Chart
Executive Summary
Two 10% owners of Skye Bioscience sold a combined $125K in open-market sales at $1.91/share within a 7-day window. The total value is ~0.04% of the company's $326M market cap, making this a trivial insider cluster. No C-suite involvement and no 10b5-1 plan indication, but the sales are open-market (code S) and cluster together, warranting a modest bearish tilt.
Key Financial Metrics
Key Facts
- Two 10% owners (Andrew J. Schwab and 5AM Partners VII, LLC) sold a combined 65,214 shares at $1.91/share for total proceeds of ~$125K.
- Sales occurred on 2026-09-16, within a 7-day cluster window.
- Total sale value represents ~0.04% of Skye's $326M market cap — well below the 0.1% materiality threshold.
- No C-suite executives participated; no 10b5-1 plan indicated.
Financial Impact
~$125K in insider sales, ~0.04% of market cap
Risk Factors
- Insider selling by 10% owners could precede negative news, though the small size limits this risk.
- Biotech volatility means any clinical trial readout could overshadow insider activity.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SKYE-1789771192415 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | PREM14A | — | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | SC 13G | $1.59 | awaiting T+20 | — | $1.57 (−1.26%) |
Sep 24, 2026 4w ago | Insider Cluster | $1.67 $1.54 | ▼ −7.78% | ▼ −6.31% | $1.57 (−5.99%) |
Sep 24, 2026 4w ago | SC 13D/A | $1.67 $1.54 | ▲ +7.78% | ▲ +6.31% | $1.57 (+5.99%) |
Sep 18, 2026 5w ago | Insider Cluster | $1.78 $1.53 | ▲ +14.04% | ▲ +13.14% | $1.57 (+11.80%) |
Aug 19, 2026 9w ago | DEFA14A | $0.2809 $0.2206 | ▼ −21.46% | ▼ −21.34% | $1.57 (+458.92%) |
Aug 14, 2026 10w ago | 8-K | $0.5015 $0.2487 | ▼ −50.40% | ▼ −48.41% | $1.57 (+213.06%) |
Aug 14, 2026 10w ago | Press Release | $0.5015 $0.2487 | ▲ +50.40% | ▲ +48.41% | $1.57 (−213.06%) |
May 15, 2026 23w ago | 8-K | $0.7780 $0.7184 | ▲ +7.66% | ▲ +9.24% | $1.57 (−101.80%) |
May 12, 2026 23w ago | Press Release | $0.8140 $0.7800 | ▲ +4.18% | ▲ +2.45% | $1.57 (−92.87%) |
US Market Status
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