This cluster is too small to act on as a standalone signal. Monitor for any upcoming earnings release, material agreement, or offering that could provide context for the timing. If the CFO's selling pattern accelerates (e.g., >$500K in a single week), that would warrant closer attention. For now, the historical track record of UPST insider signals suggests the stock tends to drift higher after cluster filings, but the trivial dollar amounts here make this a non-event.
Price Chart
Executive Summary
Three Upstart insiders — CFO, President of Capital & Enterprise, and Chief Legal Officer — sold a total of ~$294K in open-market sales on August 17, 2026, with the CFO adding another $88K sale on August 19. The cluster is 100% selling by senior executives, but the total dollar value is only ~0.01% of UPST's $2.8B market cap, well below the 0.1% materiality threshold. The sales are clustered on the same date (Aug 17), suggesting a common blackout-window opening or 10b5-1 plan rather than a coordinated bearish signal. Historical calibration shows prior UPST insider cluster signals have been strongly predictive (T+20 win rate 90%, avg alpha +6.79%), but the current cluster's trivial size relative to market cap limits its standalone significance. The cross-filing actuarial verdicts show all context pairs as amplifiers, but no specific cross-filing context (earnings, offering, restatement, late filing, press, agreement) is present in the provided data to trigger an override — the cluster stands alone as a routine, low-conviction sell signal.
Key Financial Metrics
Key Facts
- CFO Andrea Blankmeyer sold 10,175 shares total ($298K) on Aug 17 and Aug 19
- President Sanjay Datta sold 2,033 shares ($60K) on Aug 17
- CLO Scott Darling sold 814 shares ($24K) on Aug 17
- Total cluster value of $382K is ~0.014% of UPST's $2.8B market cap
- All three sales occurred on the same date (Aug 17), suggesting a common liquidity event or blackout-window opening
- Prior UPST insider cluster signals have been highly predictive (90% win rate, +6.79% avg alpha T+20), but this cluster is too small to replicate that signal
Financial Impact
Total insider sales of $382K represent ~0.014% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if a material negative catalyst emerges
- CFO selling the largest dollar amount may signal internal concern about near-term fundamentals
- Cluster timing near a potential earnings blackout window could indicate pre-planned liquidity rather than conviction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-UPST-1787198697136 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $25.59 $25.00 | ▼ −2.31% | ▼ −2.08% | $23.02 (−10.04%) |
Aug 27, 2026 5w ago | Insider Cluster | $29.08 $28.05 | ▼ −3.54% | ▼ −3.65% | $23.02 (−20.84%) |
Aug 21, 2026 5w ago | Insider Cluster | $29.89 $28.68 | ▲ +4.05% | ▲ +4.52% | $23.02 (+22.98%) |
Aug 19, 2026 6w ago | Insider Cluster | $30.60 $30.47 | ▼ −0.42% | ▼ −0.04% | $23.02 (−24.77%) |
May 27, 2026 18w ago | Insider Cluster | $32.69 $32.27 | ▼ −1.28% | ▼ −1.60% | $23.02 (−29.58%) |
May 20, 2026 19w ago | 144 | $28.85 $32.69 | ▲ +13.31% | ▲ +11.71% | $23.02 (−20.21%) |
May 19, 2026 19w ago | 8-K | $28.08 $30.45 | ▲ +8.44% | ▲ +6.19% | $23.02 (−18.02%) |
May 18, 2026 19w ago | Insider Cluster | $28.08 $30.45 | ▲ +8.44% | ▲ +6.19% | $23.02 (−18.02%) |
May 15, 2026 19w ago | 144 | $27.94 $30.62 | ▲ +9.59% | ▲ +7.97% | $23.02 (−17.61%) |
May 7, 2026 21w ago | Insider Cluster | $29.00 $29.71 | ▲ +2.45% | ▲ +0.15% | $23.02 (−20.62%) |
US Market Status
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