Insider Cluster (2 insiders) ·Filed May 4, 2026

TRDA

Entrada Therapeutics, Inc.
BEARISH
Impact 5/10
Horizonweeks Processed5mo ago
Insider cluster: 2 insiders, $629K total
Actionable Insight ▼ Bearish

Two top executives selling in the same window, with one exercising and immediately flipping options, is a cautionary signal. Monitor for upcoming clinical data readouts, earnings, or corporate events that may have prompted the selling. The stock has rallied strongly (T+5 +5.4%, T+20 +13.5% on prior neutral reports), so this cluster may indicate insiders taking profits near recent highs.

DirectionBearish
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d
TRDA ▼ -58.52% at T+60d
SHORT call ✓ call won +58.52% · α vs SPY +60.37% · entry $15.79 → $6.55
Entry anchored
May 1, 03:59 PM ET
via exchange tick
T+1d
-0.25%
call +0.25% · α +1.05%
$15.75
settled 5mo ago
T+5d
-55.67%
call +55.67% · α +58.60%
$7.00
settled 5mo ago
T+20d
-56.24%
call +56.24% · α +61.88%
$6.91
settled 4mo ago
T+60d
-58.52%
call +58.52% · α +60.37%
$6.55
settled 2mo ago

Price Chart

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Executive Summary

Two top executives at Entrada Therapeutics sold a combined $629K in open-market sales over a 7-day window, with President & COO Dowden also exercising and immediately selling derivative shares. The total sales represent ~0.11% of market cap, a modest but notable cluster involving both the COO and R&D President, suggesting insider caution ahead of potential catalysts or data readouts.

Key Financial Metrics

Direction
selling
Total Value
$629.0K
Insiders
2

Key Facts

  • President & COO Nathan Dowden sold 15,000 shares at $15.33 for $230K on May 4, 2026
  • President of R&D Sethuraman Natarajan sold 25,907 shares at $15.39 for $399K on May 4, 2026
  • Dowden also exercised 15,000 derivative shares at $1.74 ($26,100 cost) and immediately sold them
  • Total open-market sales: $629K, representing ~0.11% of $563M market cap
  • Cluster occurred in a 7-day window ending May 4, 2026
  • No insider purchases were reported in this cluster

Financial Impact

Total insider sales of $629K, ~0.11% of market cap

insider ownership

Risk Factors

  • Insider selling by both COO and R&D President may signal lack of near-term catalysts or concerns about upcoming data
  • Derivative exercise and immediate sale suggests monetization rather than conviction holding
  • Stock has appreciated significantly in recent months, increasing risk of mean reversion

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
93% bullish (14 analysts)

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-TRDA-1777937131163
18 reports for TRDA
Performance horizon
33% Hit rate 1 of 3 directional calls best @ T+60▲ +50.66%Feb 26, 2026
Filters
Rows
Reports for TRDA — sortable, filterable
TypeNow
Sep 9, 2026
22d ago
Insider Cluster
BEARISH ★ 6/10
$6.42 $6.90▼ −7.48%▼ −7.98%$5.38 (+16.20%)
Sep 3, 2026
29d ago
Insider Cluster
NEUTRAL ★ 3/10
$7.17 $6.80▼ −5.16%▼ −4.01%$5.38 (−24.97%)
Aug 31, 2026
4w ago
Insider Cluster
NEUTRAL ★ 4/10
$7.07 $7.11▲ +0.57%▲ +0.48%$5.38 (−23.90%)
Aug 31, 2026
4w ago
Insider Cluster
NEUTRAL ★ 4/10
$7.07 $7.11▲ +0.57%▲ +0.48%$5.38 (−23.90%)
Aug 31, 2026
4w ago
Insider Cluster
NEUTRAL ★ 3/10
$7.07 $7.11▲ +0.57%▲ +0.48%$5.38 (−23.90%)
Aug 27, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$7.27 $7.17▼ −1.38%▼ −1.64%$5.38 (−26.00%)
Aug 10, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$7.04 $7.27▲ +3.27%▲ +3.67%$5.38 (−23.58%)
Aug 5, 2026
8w ago
8-K
NEUTRAL ★ 4/10
$7.06 $7.67▲ +8.64%▲ +8.29%$5.38 (−23.80%)
Aug 3, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$7.24 $7.04▼ −2.76%▼ −2.66%$5.38 (−25.69%)
Jul 30, 2026
9w ago
144
BEARISH ★ 5/10
$6.79 $6.87▼ −1.18%▲ +2.33%$5.38 (+20.77%)
Showing 10 of 18

US Market Status

Market Closed — Opens Mon (65h)

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Report published May 4, 2026