SecBot SecBot
Insider Cluster (2 insiders) ·Filed Feb 24, 2026

XGN

EXAGEN INC.
BEARISH
Impact 5/10
Horizondays Processed8mo ago
Insider cluster: 2 insiders, $47K total
Actionable Insight ▼ Bearish

Traders should monitor for potential downward pressure on XGN shares, particularly if this selling is part of a broader trend. Given that both the CEO and CFO sold simultaneously, assess whether this reflects personal liquidity needs or concerns about near-term performance, especially ahead of any upcoming earnings or clinical updates.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
XGN ▲ +1.08% at T+60d
SHORT call ✗ call lost -1.08% · α vs SPY +5.66% · entry $3.69 → $3.73
Entry = T+0 close
Feb 23, 2026
via day close
T+1d
+2.98%
call -2.98% · α -2.15%
$3.80
settled 8mo ago
T+5d
-7.05%
call +7.05% · α +6.02%
$3.43
settled 8mo ago
T+20d
-25.75%
call +25.75% · α +20.76%
$2.74
settled 7mo ago
T+60d
+1.08%
call -1.08% · α +5.66%
$3.73
settled 5mo ago

Price Chart

Loading chart...

Executive Summary

Two corporate insiders at Exagen Inc. (XGN) — the CEO and CFO — sold shares in a coordinated open-market transaction on February 24, 2026, totaling $47K in proceeds. This represents a clear instance of insider selling by top executives, with no offsetting purchases or non-cash transactions in the cluster.

Key Financial Metrics

Direction
selling
Total Value
$47.0K
Insiders
2

Key Facts

  • CEO John Aballi sold 11,430 shares at $3.61 per share for total proceeds of $41,262.30
  • CFO Jeffrey G. Black sold 1,584 shares at $3.61 per share for total proceeds of $5,718.24
  • Both transactions occurred on the same day in open-market sales, indicating coordinated activity
  • Total value of insider selling cluster: $46,980.54
  • No insider purchases or other acquisition transactions were reported in this 7-day window

Financial Impact

$47K in net insider selling by C-suite executives

insider sentimentshareholder dilution risk (none)executive confidence

Risk Factors

  • Insider selling can signal reduced confidence in near-term stock performance
  • Concentrated selling by top executives may raise governance or succession concerns if repeated

Market Snapshot

Exchange
Nasdaq

Investment Themes

Healthcare & Medical Devices

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)cluster-XGN-1772103660903
10 reports for XGN
Performance horizon
100% Hit rate @ T+20 6 of 6 directional calls Went positive at some point 6 of 6 best @ T+60▲ +67.09%May 11, 2026
Filters
Rows
Reports for XGN — sortable, filterable
TypeNow
Oct 20, 2026
7d ago
Insider Cluster
MIXED ★ 4/10
$7.41awaiting T+20—$7.78 (+4.99%)
Aug 4, 2026
12w ago
8-K
BULLISH ★ 7/10
$6.45 $7.12▲ +10.39%▲ +11.63%$7.78 (+20.62%)
May 11, 2026
24w ago
8-K
BULLISH ★ 6/10
$3.98 $4.31▲ +8.29%▲ +8.60%$7.78 (+95.48%)
May 11, 2026
24w ago
Press Release
BULLISH ★ 7/10
$3.98 $4.31▲ +8.29%▲ +8.60%$7.78 (+95.48%)
Apr 23, 2026
26w ago
8-K
NEUTRAL ★ 3/10
$2.70 $4.27▲ +58.15%▲ +54.12%$7.78 (+188.15%)
Mar 10, 2026
33w ago
Press Release
MIXED ★ 6/10
$3.25 $3.08▼ −5.23%▼ −5.08%$7.78 (+139.38%)
Feb 24, 2026
35w ago
Insider Cluster
BEARISH ★ 5/10
$3.69 $2.74▲ +25.75%▲ +20.76%$7.78 (−110.84%)
Feb 24, 2026
35w ago
Insider Cluster
BEARISH ★ 5/10
$3.69 $2.74▲ +25.75%▲ +20.76%$7.78 (−110.84%)
Feb 24, 2026
35w ago
Insider Cluster
BEARISH ★ 5/10
$3.69 $2.74▲ +25.75%▲ +20.76%$7.78 (−110.84%)
Feb 24, 2026
35w ago
Insider Cluster
BEARISH ★ 6/10
$3.69 $2.74▲ +25.75%▲ +20.76%$7.78 (−110.84%)
Showing 10 of 10

US Market Status

Market Closed — Opens Thu (11h 39m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Feb 26, 2026