The selling is routine in scale and not concentrated enough to signal distress; however, traders should monitor for additional selling in the next 30 days that could indicate broader concern.
Price Chart
Executive Summary
Two insiders at Supernus Pharmaceuticals sold shares in the past week, including a director and an SVP, with total open-market sales amounting to approximately $515,870. The transactions represent a modest level of insider selling, with both executives liquidating portions of their holdings at market prices.
Key Financial Metrics
Key Facts
- Director Hudson Frederick M. sold 5,369 shares on 2026-03-12 at $50.61, totaling $271,725.
- SVP Commercial Operations Horich William Todd sold 4,439 shares on 2026-03-10 at $55, totaling $244,145.
- Total open-market sales in the cluster: $515,870 across two insiders.
- Sales represent approximately 0.018% of Supernus's $2.9B market cap — well below the 0.1% threshold for materiality.
Financial Impact
$515,870 in total open-market sales over 7 days
Risk Factors
- Perception risk if additional insiders sell in coming weeks.
- Commercial or pipeline developments could be misinterpreted as catalysts for the timing of these trades.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-SUPN-1773691685673 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 20d ago | DEFM14A | $41.49 $42.78 | ▲ +3.11% | ▲ +3.00% | $42.38 (+2.15%) |
Aug 3, 2026 8w ago | DEFA14A / 425 | $43.25 $46.88 | ▲ +8.39% | ▲ +8.49% | $42.38 (−2.01%) |
Aug 3, 2026 8w ago | 8-K | $43.25 $46.88 | ▲ +8.39% | ▲ +8.49% | $42.38 (−2.01%) |
Aug 3, 2026 8w ago | DEFA14A / 425 | $46.00 $47.07 | ▲ +2.33% | ▲ +0.30% | $42.38 (−7.87%) |
Aug 3, 2026 8w ago | 8-K | $46.00 $47.07 | ▲ +2.33% | ▲ +0.30% | $42.38 (−7.87%) |
Aug 3, 2026 8w ago | 8-K | $46.00 $47.07 | ▲ +2.33% | ▲ +0.30% | $42.38 (−7.87%) |
Aug 3, 2026 8w ago | DEFA14A / 425 / 8-K | $46.00 $47.07 | ▲ +2.33% | ▲ +0.30% | $42.38 (−7.87%) |
Jul 22, 2026 10w ago | 8-K | $47.19 $45.61 | ▼ −3.35% | ▼ −3.82% | $42.38 (−10.19%) |
Jul 22, 2026 10w ago | Press Release | $47.19 $45.61 | ▼ −3.35% | ▼ −3.82% | $42.38 (−10.19%) |
Jul 20, 2026 10w ago | Court Ruling | $47.42 $46.20 | ▼ −2.57% | ▼ −2.15% | $42.38 (−10.63%) |
US Market Status
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