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sellModerate

Michael Cordonnier sold $2.6M of CARL

CEO, President at CARLSMED, INC.. 197,855 shares at an average of $13.29, traded Mar 2, 2026, filed Mar 4, 2026.

Warning score
40
Value
$2.6M
197,855 shares
Holdings after
1,356,646
-13% from before
From 52-week low
+24%
low $10.76, close $13.37
From 52-week high
-21%
high $16.99, as of Mar 2, 2026

Score components

  • Role
    CEO
    +25
  • Trade size
    $2.6M at market
    +25
  • Share of holdings sold
    Sold 13% of holdings
    +5
  • Cluster
    No other insider selling within 14 days
    0
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

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.

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.

CARLOct 9, 2026 · close 14.42
Since filing Mar 4, 2026: +11.0%SPY +14.5% · excess -3.5%

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 0001193125-26-091468, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 2, 2026MOption exercise
Common Stock
+197,855$0.34$66k1,554,501Mar 4, 2026
Mar 2, 2026SOpen-market sale
Common Stock
-197,855$13.29$2.6M1,356,646Mar 4, 2026
Mar 3, 2026MOption exercise
Common Stock
+160,567$0.34$54k1,517,213Mar 4, 2026
Mar 3, 2026MOption exercise
Common Stock
+33,264$4.35$145k1,550,477Mar 4, 2026
Mar 2, 2026MOption exercise
Stock Option (Right to Buy)derivative
-197,855$0.00$0160,567Mar 4, 2026
Mar 3, 2026MOption exercise
Stock Option (Right to Buy)derivative
-160,567$0.00$00Mar 4, 2026
Mar 3, 2026MOption exercise
Stock Option (Right to Buy)derivative
-33,264$0.00$0191,692Mar 4, 2026

Related signals

Other insiders at CARLSMED, INC. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
0Weak
CARLsell10b5-1
CARLSMED, INC.
Jeffrey Bertolini
Chief Operating Officer
$11k
747 shares
-3%
0Weak
CARLsell10b5-1
CARLSMED, INC.
Jeffrey Bertolini
Chief Operating Officer
$3,400
243 shares
-1%
65Notable
CARLbuy 6
CARLSMED, INC.
Presidio Management Group XII, L.L.C.
owner
$3.0M
200,000 shares
-
63Notable
CARLbuy 6
CARLSMED, INC.
B Capital Group Management, L.p.
owner
$20M
1,333,333 shares
+36%
74Notable
CARLbuy 6
CARLSMED, INC.
Philip M Young
director
$900k
59,999 shares
+208%
75Notable
CARLbuy 6
CARLSMED, INC.
Jonathan D Root
director
$7.0M
466,666 shares
+2692%
71Notable
CARLbuy 6
CARLSMED, INC.
Robert Mittendorff II
director
$20M
1,333,333 shares
+36%
58Moderate
CARLbuy 6
CARLSMED, INC.
Kevin Sidow
director
$200k
13,333 shares
+29%

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.

Michael Cordonnier sold $2.6M of CARL | InsiderTell