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sellWeak cluster of 310b5-1 plan

Joana Goncalves sold $783k of ORKA

Chief Medical Officer at ARCA biopharma, Inc.. 7,000 shares at an average of $111.84, traded Aug 17, 2026, filed Aug 17, 2026.

Warning score
22
Value
$783k
7,000 shares
Holdings after
32,718
-18% from before
From 52-week low
+682%
low $14.40, close $112.66
From 52-week high
0%
high $112.66, as of Aug 17, 2026

Score components

  • Role
    Officer
    +15
  • Trade size
    $783k at market
    +22
  • Share of holdings sold
    Sold 18% of holdings
    +5
  • Cluster
    3 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

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.

ORKAOct 12, 2026 · close 80.35
Since filing Aug 17, 2026: -28.7%SPY +1.0% · excess -29.6%

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 0000907654-26-000079, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 17, 2026MOption exercise
Common Stock10b5-1
+3,500$6.84$24k36,218Aug 17, 2026
Aug 17, 2026MOption exercise
Common Stock10b5-1
+3,500$7.80$27k39,718Aug 17, 2026
Aug 17, 2026SOpen-market sale
Common Stock10b5-1
-900$109.65$99k38,818Aug 17, 2026
Aug 17, 2026SOpen-market sale
Common Stock10b5-1
-300$110.52$33k38,518Aug 17, 2026
Aug 17, 2026SOpen-market sale
Common Stock10b5-1
-3,320$112.01$372k35,198Aug 17, 2026
Aug 17, 2026SOpen-market sale
Common Stock10b5-1
-2,480$112.56$279k32,718Aug 17, 2026
Aug 17, 2026MOption exercise
Employee Stock Option (right to buy)derivative10b5-1
-3,500$0.00$0197,063Aug 17, 2026
Aug 17, 2026MOption exercise
Employee Warrant (right to buy)derivative10b5-1
-3,500$0.00$0168,492Aug 17, 2026

Related signals

Other insiders at ARCA biopharma, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
30Weak
ORKAsell 310b5-1
ARCA biopharma, Inc.
Lawrence Otto Klein
Chief Executive Officer
$2.1M
25,000 shares
-3%
17Weak
ORKAsell 510b5-1
ARCA biopharma, Inc.
Arjun Agarwal
Senior Vice President, Finance
$51k
533 shares
-4%
29Weak
ORKAsell 510b5-1
ARCA biopharma, Inc.
Paul T Quinlan
General Counsel
$936k
10,000 shares
-25%
29Weak
ORKAsell 510b5-1
ARCA biopharma, Inc.
Arjun Agarwal
Senior Vice President, Finance
$926k
10,019 shares
-40%
21Weak
ORKAsell 510b5-1
ARCA biopharma, Inc.
Joana Goncalves
Chief Medical Officer
$734k
7,947 shares
-20%
53Moderate
ORKAsell 5
ARCA biopharma, Inc.
Lawrence Otto Klein
Chief Executive Officer
$235k
2,452 shares
-0%
44Moderate
ORKAsell 5
ARCA biopharma, Inc.
Laura Lee Sandler
Chief Operating Officer
$87k
906 shares
-0%
40Moderate
ORKAsell 5
ARCA biopharma, Inc.
Paul T Quinlan
General Counsel
$99k
1,039 shares
-3%
30Weak
ORKAsell 510b5-1
ARCA biopharma, Inc.
Lawrence Otto Klein
Chief Executive Officer
$6.9M
75,000 shares
-7%
17Weak
ORKAsell 510b5-1
ARCA biopharma, Inc.
Laura Lee Sandler
Chief Operating Officer
$459k
5,000 shares
-2%

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.

Joana Goncalves sold $783k of ORKA | InsiderTell