The CFO's $885K sale is notable in absolute terms but small relative to market cap. Monitor for additional insider sales or a Form 144 filing that could signal a broader distribution plan. The earnings miss 14 days prior provides context but does not make this cluster bearish on its own — the dollar amount is too small to move the stock.
Price Chart
Executive Summary
Two UCB insiders (EVP/CFO and EVP/Chief Banking Officer) sold a total of $935K in open-market sales over two days, with the CFO alone selling $885K. This follows a Q2 earnings miss (EPS $0.71 vs $0.82 consensus) reported 14 days prior, and the cluster includes two non-cash transactions (a director grant and an EVP gift) that carry no economic signal. The CFO's sale is large relative to his role and the company's $4.2B market cap (0.02%), but the dollar amount is below the 0.1% materiality threshold, making this a modest signal at best.
Key Financial Metrics
Key Facts
- EVP/CFO Jefferson Harralson sold 25,000 shares for $885K on 2026-07-28
- EVP/Chief Banking Officer Richard Bradshaw sold 1,400 shares for $50K on 2026-07-27
- Total open-market sales of $935K represent ~0.02% of UCB's $4.2B market cap
- Two non-cash transactions also filed: a director grant of 1,588 shares and an EVP gift of 1,500 shares
- Q2 2026 earnings missed consensus: operating EPS $0.71 vs $0.82 estimate, revenue $279.3M vs $280.3M
Financial Impact
$935K in insider sales, or 0.02% of market cap — below the 0.1% materiality threshold
Risk Factors
- CFO selling $885K could be perceived negatively by retail investors despite the small relative size
- Additional insider sales in coming weeks could escalate the signal
- Q2 earnings miss may pressure the stock if guidance is not reaffirmed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-UCB-1785815001777 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 24d ago | 8-K | $35.29 $35.38 | ▲ +0.26% | ▲ +0.92% | $33.99 (−3.67%) |
Aug 19, 2026 6w ago | 8-K | $35.75 $35.22 | ▼ −1.48% | ▼ −1.09% | $33.99 (−4.91%) |
Aug 3, 2026 8w ago | 8-K | $35.83 $35.40 | ▼ −1.20% | ▼ −3.23% | $33.99 (−5.12%) |
Jul 28, 2026 9w ago | Insider Cluster | $35.68 $35.83 | ▲ +0.42% | ▼ −1.85% | $33.99 (−4.72%) |
Jul 28, 2026 9w ago | Insider Cluster | $35.68 $35.83 | ▲ +0.42% | ▼ −1.85% | $33.99 (−4.72%) |
Jul 28, 2026 9w ago | Insider Cluster | $35.68 $35.83 | ▼ −0.42% | ▲ +1.85% | $33.99 (+4.72%) |
Jul 21, 2026 10w ago | 8-K | $35.35 $35.17 | ▼ −0.51% | ▲ +0.72% | $33.99 (−3.83%) |
Jul 21, 2026 10w ago | Press Release | $35.35 $35.17 | ▼ −0.51% | ▲ +0.72% | $33.99 (−3.83%) |
Jul 17, 2026 11w ago | 425 | $36.45 $34.89 | ▼ −4.28% | ▼ −3.59% | $33.99 (−6.74%) |
Jul 10, 2026 12w ago | 425 | $35.55 $37.09 | ▲ +4.33% | ▲ +4.89% | $33.99 (−4.37%) |
US Market Status
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