The cluster of open-market sales by a director and a senior accounting officer, without a 10b5-1 plan, is a bearish signal. Monitor for any upcoming negative catalysts (e.g., regulatory update, earnings miss) that may have prompted the sales.
Price Chart
Executive Summary
Two Travere insiders sold a combined $377K in open-market sales over a one-week window. Director Jeffrey Meckler sold $111K and SVP/CAO Sandra Calvin sold $266K. The total represents ~0.12% of the company's $326M market cap, a modest but non-trivial amount. No 10b5-1 plan is indicated, and the sales are not part of a regular pattern, suggesting potential bearish conviction.
Key Financial Metrics
Key Facts
- Two insiders sold shares: Director Jeffrey Meckler ($111K) and SVP/CAO Sandra Calvin ($266K)
- Total cluster value: $377K, representing ~0.12% of market cap ($326M)
- Sales occurred between 2026-09-08 and 2026-09-15
- No 10b5-1 plan indicated; sales are not part of a regular pattern
Financial Impact
Total insider sales of $377K represent ~0.12% of market cap
Risk Factors
- Sales may be for personal liquidity reasons despite lack of plan
- Small absolute dollar amount relative to market cap limits materiality
- No explicit negative catalyst identified in the filing
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TVTX-1789695051002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | Insider Cluster | $62.76 $59.44 | ▲ +5.29% | ▲ +6.56% | $50.07 (+20.22%) |
Jul 9, 2026 15w ago | 8-K | $56.59 $55.28 | ▼ −2.31% | ▼ −1.75% | $50.07 (−11.52%) |
Jun 16, 2026 18w ago | Insider Cluster | $54.14 $57.69 | ▲ +6.56% | ▲ +7.60% | $50.07 (−7.52%) |
Jun 16, 2026 18w ago | 8-K | $54.14 $57.69 | ▲ +6.56% | ▲ +7.60% | $50.07 (−7.52%) |
Jun 12, 2026 19w ago | 144 | $52.04 $55.15 | ▲ +5.98% | ▲ +5.30% | $50.07 (−3.79%) |
Jun 2, 2026 21w ago | 8-K | $42.96 $48.57 | ▲ +13.06% | ▲ +16.02% | $50.07 (+16.55%) |
May 15, 2026 23w ago | 144 | $42.59 $44.43 | ▲ +4.32% | ▲ +3.36% | $50.07 (+17.56%) |
May 5, 2026 24w ago | 144 | $44.76 $42.84 | ▼ −4.29% | ▼ −5.42% | $50.07 (+11.86%) |
May 4, 2026 25w ago | 144 | $44.80 $43.51 | ▼ −2.88% | ▼ −4.86% | $50.07 (+11.76%) |
May 1, 2026 25w ago | Insider Cluster | $44.12 $42.66 | ▲ +3.31% | ▲ +5.66% | $50.07 (−13.49%) |
US Market Status
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