The insider buys provide a modest bullish signal from management, but the overwhelming bearish factor is the ~$10.2M dilutive PIPE at a $4M market cap. The cross-filing actuarial verdicts show this cluster-offering combination is an AMPLIFIER (PMI=4.06, q=0.000), meaning the combined signal is stronger than either alone. Monitor for any pipeline or regulatory catalyst that could justify the insider purchases.
Price Chart
Executive Summary
CEO and CFO of Beyond Air (XAIR) made open-market purchases totaling ~$225K on July 29, 2026, the same day the company filed an 8-K disclosing a ~$10.2M dilutive PIPE offering at ~$5.66-$5.76/share. The insider buys coincide with a distressed capital raise for a company with a $4M market cap, suggesting management is signaling alignment with existing shareholders despite acute dilution. The cluster is small relative to market cap (~5.6%), but the combination of insider buying alongside a dilutive offering creates a mixed signal — management is putting cash in while simultaneously diluting the float significantly.
Key Financial Metrics
Key Facts
- CEO Goodman purchased 34,722 shares for ~$200K at $5.76 on July 29, 2026
- CFO Moorhead purchased 4,340 shares for ~$25K at $5.76 on July 29, 2026
- Total open-market insider purchases: ~$225K, representing ~5.6% of the $4M market cap
- On the same day, Beyond Air filed an 8-K disclosing a ~$10.2M registered direct offering/PIPE with common stock and warrants
- The PIPE offering is highly dilutive relative to the $4M market cap, signaling acute cash needs
Financial Impact
Insider purchases of ~$225K (5.6% of market cap) concurrent with a ~$10.2M dilutive PIPE offering (255% of market cap)
Risk Factors
- Massive dilution from the ~$10.2M PIPE offering relative to $4M market cap
- No disclosed revenue or pipeline catalysts in the filing
- Extreme historical volatility on XAIR makes directional bets high-risk
- The PIPE includes warrants (Series A and B) that could add further overhang if exercised
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-XAIR-1785538563868 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | SC 13G/A | $2.34 | awaiting T+60 | — | $2.14 (−8.55%) |
Oct 8, 2026 18d ago | 8-K | $2.31 | awaiting T+60 | — | $2.14 (−7.36%) |
Sep 24, 2026 4w ago | 8-K | $2.85 | awaiting T+60 | — | $2.14 (−24.91%) |
Aug 25, 2026 8w ago | EFFECT | $4.98 | awaiting T+60 | — | $2.14 (+57.03%) |
Jul 31, 2026 12w ago | Insider Cluster | $6.33 | awaiting T+60 | — | $2.14 (−66.19%) |
Jul 31, 2026 12w ago | 8-K | $5.28 $2.14 | ▲ +59.43% | ▲ +61.89% | $2.14 (+59.43%) |
Jul 2, 2026 16w ago | Court Ruling | $0.4390 $0.1415 | ▲ +67.77% | ▲ +69.49% | $2.14 (−387.47%) |
Jun 26, 2026 17w ago | 8-K | $0.4646 $0.1505 | ▼ −67.61% | ▼ −71.22% | $2.14 (+360.61%) |
Jun 22, 2026 18w ago | 8-K | $0.4680 $0.1540 | ▼ −67.09% | ▼ −71.05% | $2.14 (+357.26%) |
Apr 20, 2026 27w ago | Press Release | $10.90 $5.55 | ▼ −49.08% | ▼ −55.28% | $2.14 (−80.37%) |
US Market Status
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