Insider Cluster (3 insiders) ·Filed Feb 23, 2026
Insider cluster: 2 insiders, $4.5M total
Actionable Insight ▼ Bearish
Monitor for upcoming earnings or guidance changes; such coordinated sales by top leadership may indicate lack of near-term confidence despite recent stock strength.
Final — all horizons settled through T+60d
W ▼ -19.27% at T+60d
SHORT call ✓ call won +19.27% · α vs SPY +27.52% · entry $73.40 → $59.26
T+1d
+0.30%
call -0.30% · α +0.44%
$73.62
settled 7mo ago
T+5d
+0.40%
call -0.40% · α +0.22%
$73.69
settled 7mo ago
T+20d
+3.64%
call -3.64% · α -7.58%
$76.07
settled 7mo ago
T+60d
-19.27%
call +19.27% · α +27.52%
$59.26
settled 5mo ago
Price Chart
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Executive Summary
Wayfair CEO Niraj Shah and co-founder Steven Conine executed significant open-market share sales totaling nearly $8.9 million, while CTO Fiona Tan gifted 11,370 shares. The sales represent a material insider divestment by top executives within a single week.
Key Financial Metrics
Direction
selling
Total Value
$9.0M
Insiders
3
Key Facts
- CEO Niraj Shah sold 61,123 shares in two transactions for $4,512,849.71 total
- Co-founder Steven Conine sold 60,206 shares for $4,440,794.56
- CTO Fiona Tan gifted 11,370 shares (non-cash, $0 value)
- Total open-market sale value: $8,953,644.27
- Total insider sale value represents ~0.087% of $10.3B market cap
Financial Impact
$8.95 million in open-market sales by CEO and co-founder
insider ownershipinvestor sentimentpotential dilution signal
Risk Factors
- Perception of insider pessimism given scale of sales by CEO and co-founder
- Potential for negative market reaction despite non-dilutive nature of gifts
Market Snapshot
Exchange
NYSE
Investment Themes
Consumer & Retail
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (4 trades, 7d window) | cluster-W-1772228929841 |
14 reports for W
100% Hit rate best @ T+60▲ +19.27%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Insider Cluster | $103.08 $104.79 | ▲ +1.66% | ▲ +3.18% | $101.25 (−1.78%) |
May 22, 2026 19w ago | 8-K | $67.04 $85.04 | ▲ +26.84% | ▲ +27.01% | $101.25 (+51.02%) |
May 13, 2026 20w ago | 8-K | $59.88 $77.68 | ▲ +29.72% | ▲ +30.33% | $101.25 (+69.08%) |
Apr 30, 2026 22w ago | 8-K | $63.88 $72.00 | ▲ +12.71% | ▲ +7.48% | $101.25 (+58.49%) |
Apr 24, 2026 23w ago | Insider Cluster | $78.70 $66.34 | ▼ −15.71% | ▼ −19.73% | $101.25 (+28.65%) |
Apr 23, 2026 23w ago | Insider Cluster | $76.50 $64.72 | ▼ −15.40% | ▼ −20.04% | $101.25 (+32.35%) |
Apr 14, 2026 24w ago | 144 | $74.21 $61.38 | ▲ +17.29% | ▲ +23.59% | $101.25 (−36.43%) |
Mar 25, 2026 27w ago | Insider Cluster | $79.08 $76.94 | ▼ −2.71% | ▼ −10.57% | $101.25 (+28.03%) |
Mar 24, 2026 27w ago | Insider Cluster | $75.04 $80.14 | ▼ −6.80% | ▲ +2.10% | $101.25 (−34.92%) |
Mar 23, 2026 27w ago | Insider Cluster | $76.07 $79.67 | ▲ +4.73% | ▼ −2.69% | $101.25 (+33.10%) |
Showing 10 of 14
US Market Status
Market Closed — Opens Mon (64h 11m)
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