Insider sales are routine and immaterial relative to TXN's $280B market cap. The CFO's sale is a standard cashless exercise. No actionable signal for traders. Monitor next earnings for any guidance change, but this cluster does not warrant a bearish read.
Price Chart
Executive Summary
Two TXN insiders (a director and a Sr. VP) sold a combined $4.04M in open-market sales over a 4-day window. The CFO also executed a large derivative exercise and same-day sale of 32,119 shares worth $9.9M, bringing the total cluster open-market sales to ~$15.5M. At a $280.5B market cap, these sales represent ~0.006% of market cap — well below the 0.1% triviality threshold. The CFO's sale is a classic cashless exercise pattern (exercise at $0/$174.81, sell at $307.85) and is non-informative. The director and Sr. VP sales are small and likely liquidity-driven. No material bearish signal.
Key Financial Metrics
Key Facts
- Total open-market sales: ~$15.5M across 4 insiders (CFO, director, 2 Sr. VPs)
- Sales represent ~0.006% of TXN's $280.5B market cap — trivial
- CFO Lizardi's $9.9M sale was a same-day cashless exercise of options (non-informative pattern)
- Director Cox Smith sold $2.57M; Sr. VP Leonard sold $1.47M; Sr. VP Bahai sold $1.55M
- No open-market purchases in the cluster
Financial Impact
Total insider sales of ~$15.5M represent 0.006% of market cap — immaterial
Risk Factors
- No material risk identified from this insider activity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TXN-1778878014416 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 22, 2026 10w ago | Press Release | $284.99 $265.45 | ▼ −6.86% | ▼ −10.17% | $281.31 (−1.29%) |
Jul 16, 2026 11w ago | Press Release | $284.02 $279.58 | ▲ +1.56% | ▲ +6.01% | $281.31 (+0.95%) |
Jun 2, 2026 17w ago | 8-K | $308.04 $298.41 | ▼ −3.13% | ▼ −2.00% | $281.31 (−8.68%) |
May 22, 2026 19w ago | ANALYST-UPGRADE | $309.46 $332.28 | ▲ +7.38% | ▲ +7.54% | $281.31 (−9.10%) |
May 15, 2026 19w ago | Insider Cluster | $299.77 $313.34 | ▲ +4.53% | ▲ +2.34% | $281.31 (−6.16%) |
May 11, 2026 20w ago | Insider Cluster | $297.62 $288.63 | ▼ −3.02% | ▼ −2.72% | $281.31 (−5.48%) |
Apr 27, 2026 22w ago | Insider Cluster | $269.36 $324.89 | ▲ +20.62% | ▲ +15.66% | $281.31 (+4.44%) |
Apr 24, 2026 23w ago | Insider Cluster | $277.06 $298.39 | ▲ +7.70% | ▲ +3.67% | $281.31 (+1.54%) |
Apr 24, 2026 23w ago | Insider Cluster | $277.06 $298.39 | ▲ +7.70% | ▲ +3.67% | $281.31 (+1.54%) |
Apr 24, 2026 23w ago | Insider Cluster | $277.06 $298.39 | ▲ +7.70% | ▲ +3.67% | $281.31 (+1.54%) |
US Market Status
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