CEO's concentrated $19.4M open-market sale without a 10b5-1 plan is a bearish signal, but the dollar amount is modest relative to market cap. Monitor for any subsequent 8-K or earnings pre-announcement that could explain the selling. If additional C-suite selling emerges, the signal would strengthen.
Price Chart
Executive Summary
CEO Eric Lefkofsky sold ~$19.4M worth of TEM shares in a single day (Sept 22) across 16 open-market transactions, while the Diagnostics CEO sold an additional $874K on Sept 25. The CEO's selling is massive in absolute terms and represents a material portion of his holdings, but the cluster's total value (~$20.3M) is modest relative to TEM's ~$12B market cap (~0.17%). The selling is not plan-driven (no 10b5-1 indication) and is concentrated in the CEO, which is notable but not alarming at this proportionality level.
Key Financial Metrics
Key Facts
- CEO Eric Lefkofsky sold ~$19.4M of TEM stock on Sept 22 across 16 open-market trades at prices between $76.57 and $78.86.
- Diagnostics CEO Thomas Schoenherr sold $874K on Sept 25 at $85.00.
- Total cluster value is ~$20.3M, approximately 0.17% of TEM's ~$12B market cap.
- No 10b5-1 plan indication — sales appear discretionary.
Financial Impact
CEO sold ~$19.4M in open-market sales; total cluster ~$20.3M (0.17% of market cap)
Risk Factors
- CEO selling may reflect personal liquidity needs rather than negative outlook
- Stock is up ~43% over the past 60 days (from ~$55 to ~$78), so selling could be profit-taking
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TEM-1790747479579 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $71.67 | awaiting T+60 | — | $72.15 (+0.67%) |
Oct 23, 2026 4d ago | 8-K | $67.62 | awaiting T+60 | — | $72.15 (+6.71%) |
Oct 22, 2026 5d ago | EFFECT | $63.81 | awaiting T+60 | — | $72.15 (+13.07%) |
Oct 20, 2026 7d ago | S-4/A | $67.76 | awaiting T+60 | — | $72.15 (+6.48%) |
Sep 29, 2026 29d ago | Insider Cluster | $81.90 | awaiting T+60 | — | $72.15 (+11.90%) |
Sep 24, 2026 4w ago | Insider Cluster | $85.01 | awaiting T+60 | — | $72.15 (+15.13%) |
Sep 18, 2026 5w ago | Insider Cluster | $78.03 | awaiting T+60 | — | $72.15 (+7.54%) |
Sep 17, 2026 5w ago | 144 | $77.84 | awaiting T+60 | — | $72.15 (+7.31%) |
Sep 3, 2026 7w ago | Insider Cluster | $64.62 | awaiting T+60 | — | $72.15 (+11.65%) |
Sep 3, 2026 7w ago | Insider Cluster | $64.62 | awaiting T+60 | — | $72.15 (+11.65%) |
US Market Status
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