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sellModerate

Morgan C. Frank sold $4.5M of SNWV

Chief Executive Officer at SANUWAVE Health, Inc.. 144,810 shares at an average of $30.73, traded Dec 8, 2025, filed Dec 11, 2025.

Warning score
42
Value
$4.5M
144,810 shares
Holdings after
863,980
-14% from before
From 52-week low
+54%
low $19.40, close $29.88
From 52-week high
-34%
high $45.00, as of Dec 8, 2025

Score components

  • Role
    10% owner
    +12
  • Trade size
    $4.5M at market
    +25
  • Share of holdings sold
    Sold 14% of holdings
    +5
  • Cluster
    No other insider selling within 14 days
    0

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -1.7%, 3m -32.1%, 6m -53.4%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

SNWVOct 13, 2026 · close 5.61
Since filing Dec 11, 2025: -82.2%SPY +14.1% · excess -96.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000919574-25-007331, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 8, 2025SOpen-market sale
Common Stock, par value $0.001indirect: See footnote
-125,400$30.75$3.9M881,390Dec 11, 2025
Dec 9, 2025SOpen-market sale
Common Stock, par value $0.001indirect: See footnote
-8,785$30.58$269k872,605Dec 11, 2025
Dec 10, 2025SOpen-market sale
Common Stock, par value $0.001indirect: See footnote
-8,625$30.39$262k863,980Dec 11, 2025
Dec 8, 2025SOpen-market sale
Common Stock, par value $0.001
-2,000$31.60$63k2,000Dec 11, 2025

Related signals

Other insiders at SANUWAVE Health, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
31Weak
SNWVsell
SANUWAVE Health, Inc.
Opaleye Management Inc.
owner
$574k
35,581 shares
-4%
37Weak
SNWVsell
SANUWAVE Health, Inc.
Opaleye Management Inc.
owner
$1.3M
70,648 shares
-7%
27Weak
SNWVsell
SANUWAVE Health, Inc.
Opaleye Management Inc.
owner
$337k
16,469 shares
-2%
36Weak
SNWVsell
SANUWAVE Health, Inc.
Morgan C. Frank
Chief Executive Officer
$559k
20,000 shares
-24%
42Moderate
SNWVsell
SANUWAVE Health, Inc.
Morgan C. Frank
Chief Executive Officer
$4.5M
144,810 shares
-14%
18Weak
SNWVbuy
SANUWAVE Health, Inc.
Opaleye Management Inc.
owner
$38k
1,267 shares
+0%
22Weak
SNWVsell
SANUWAVE Health, Inc.
Peter Stegagno
Chief Operating Officer
$52k
1,862 shares
-48%
30Weak
SNWVsell
SANUWAVE Health, Inc.
Iulian Cioanta
Chief Sci. and Tech. Officer
$115k
3,639 shares
-99%
32Weak
SNWVbuy
SANUWAVE Health, Inc.
Opaleye Management Inc.
owner
$204k
7,998 shares
+1%
32Weak
SNWVbuy 2
SANUWAVE Health, Inc.
Opaleye Management Inc.
owner
$439k
27,868 shares
+3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Morgan C. Frank sold $4.5M of SNWV | InsiderTell