This cluster is too small to warrant a trading signal. Monitor for larger insider sales (>0.5% of market cap) or a cluster of C-suite buys to indicate a shift in sentiment. The recent 30-day sell volume of $1.6M is notable but not alarming for a $264M company; track if the pace accelerates.
Price Chart
Executive Summary
CFO Jesus Llorca and General Counsel Andrew Everett sold a combined $138K in SMHI stock over a 7-day window, with the CFO's $128K sale representing the bulk. The total is only ~0.05% of SMHI's $264M market cap, well below the 0.1% materiality threshold, making this a routine, non-informative cluster. The CFO's two small sales ($128K + $2K) are consistent with liquidity-driven portfolio management rather than a bearish signal, and the General Counsel's $10K sale is trivial. No cross-filing context suggests distress or an upcoming catalyst that would amplify this activity.
Key Financial Metrics
Key Facts
- CFO Jesus Llorca sold 13,054 shares at $9.79 on 2026-08-11 and 205 shares at $9.75 on 2026-08-07, totaling ~$130K.
- General Counsel Andrew Everett II sold 1,000 shares at $9.56 on 2026-08-04, totaling ~$10K.
- Total cluster value of $138K represents ~0.05% of SMHI's $264M market cap, well below the 0.1% materiality threshold.
- Recent 30-day insider activity shows $1.6M in total sells, but this cluster is a small fraction of that.
- No 10b5-1 plan or vesting pattern is evident, but the small dollar amounts make this routine.
Financial Impact
Total insider sales of $138K, or ~0.05% of market cap — immaterial.
Risk Factors
- Insider selling could accelerate if the stock continues to trade near $9.75-$9.79, but current levels are routine.
- No identifiable catalyst in the cluster; the risk of a bearish signal is low given the trivial dollar amounts.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SMHI-1786526077543 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Court Ruling | $8.21 | awaiting T+20 | — | $8.69 (+5.81%) |
Aug 11, 2026 10w ago | Insider Cluster | $9.73 $9.66 | ▼ −0.72% | ▲ +1.18% | $8.69 (−10.72%) |
Aug 4, 2026 11w ago | Insider Cluster | $9.45 $9.78 | ▲ +3.49% | ▲ +4.09% | $8.69 (−8.08%) |
Jul 31, 2026 12w ago | Insider Cluster | $9.48 $9.55 | ▼ −0.74% | ▲ +0.50% | $8.69 (+8.37%) |
Jul 29, 2026 12w ago | Press Release | $9.54 $9.51 | ▼ −0.31% | ▼ −4.28% | $8.69 (−8.95%) |
Jul 17, 2026 14w ago | Insider Cluster | $7.73 $9.82 | ▲ +27.04% | ▲ +22.92% | $8.69 (+12.38%) |
May 21, 2026 22w ago | 8-K | $7.21 $7.80 | ▲ +8.18% | ▲ +9.60% | $8.69 (+20.48%) |
Apr 29, 2026 25w ago | Press Release | $7.60 $7.55 | ▼ −0.66% | ▼ −5.88% | $8.69 (+14.30%) |
Apr 29, 2026 25w ago | 8-K | $7.60 $7.55 | ▲ +0.66% | ▲ +5.88% | $8.69 (−14.30%) |
US Market Status
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