IBM CLUSTER SEC Filing Analysis

Final — all horizons settled through T+60d ⚠ clustered

IBM ▼ -5.29% at T+60d

LONG call ✗ call lost -5.29% · α vs SPY -12.24% · entry $237.56 → $225.00

Last close $253.84 (close May 22) · +6.85% from $237.56 entry

Entry anchored
Feb 24, 04:51 PM ET
via Databento tick

T+1d

+1.84%

call +1.84% · α +2.39%

$241.94

settled 3mo ago

T+5d

+5.15%

call +5.15% · α +6.25%

$249.80

settled 3mo ago

T+20d

+1.55%

call +1.55% · α +6.79%

$241.24

settled 2mo ago

T+60d

-5.29%

call -5.29% · α -12.24%

$225.00

settled 4d ago

Price Chart

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Executive Summary

Two IBM insiders made open-market purchases totaling approximately $113,155 in the past week. Both transactions were direct buys at prevailing market prices, with Miebach Michael acquiring the majority of shares.

Key Financial Metrics

Direction

buying

Total Value

$113.2K

Insiders

2

Actionable Insight

The open-market nature of these purchases — especially by insiders using personal funds — signals confidence in IBM's near-term prospects. Traders should monitor for follow-on buying and any upcoming catalysts such as earnings or strategic updates.

Key Facts

Miebach Michael purchased 434 shares at $233.3261, totaling $101,263.53 in an open-market transaction.
Michelle J. Howard purchased 50 shares at $237.8293, totaling $11,891.47, also in an open-market buy.
Both transactions occurred on 2026-02-25 and were direct purchases (Form 4 code 'P').
Total value of the insider cluster: $113,155.

Financial Impact

$113,155 in insider buying over 7 days

insider sentimentmarket confidence

Risk Factors

The cluster involves only two insiders and is relatively small in dollar value compared to typical institutional flows.
No C-suite executives (e.g., CEO, CFO) were involved in this cluster — Miebach is President of Global Markets, Howard is a board member.

Market Snapshot

Exchange

NYSE

Documents Analyzed

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

Document	Accession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)	cluster-IBM-1772055276263

6 reports for IBM

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for IBM — sortable, filterable
	Type				Now
May 1, 2026 22d ago	8-K NEUTRAL ★ 3/10	$229.48 $223.46	▼ −2.62%	▼ −5.56%	$253.84 (+10.62%)
Apr 22, 2026 4w ago	8-K BULLISH ★ 7/10	$230.34 $227.10	▼ −1.41%	▼ −2.88%	$253.84 (+10.20%)
Apr 8, 2026 6w ago	DEFA14A NEUTRAL ★ 3/10	$236.93 $251.00	▲ +5.94%	▲ +2.75%	$253.84 (+7.14%)
Mar 10, 2026 10w ago	DEFA14A NEUTRAL ★ 2/10	$248.73 $251.21	▲ +1.00%	▲ +3.19%	$253.84 (+2.06%)
Feb 25, 2026 12w ago	Insider Cluster BULLISH ★ 6/10	$237.56 $249.80	▲ +5.15%	▲ +6.25%	$253.84 (+6.85%)
Feb 25, 2026 12w ago	Insider Cluster BULLISH ★ 6/10	$237.56 $249.80	▲ +5.15%	▲ +6.25%	$253.84 (+6.85%)

US Market Status

Market Closed — Opens Tue (35h 12m)

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