MAX MediaAlpha, Inc.

NEUTRAL Impact: 2/10 Insider Cluster (3 insiders)
Horizon days Filed May 19, 2026 Processed 21d 9h ago
Insider cluster: 2 insiders, $137K total
Latest settled — T+5d ⚠ clustered
MAX ▲ +6.34% at T+5d
NEUTRAL call ✓ call won +6.34% · α vs SPY +4.54% · entry $8.36 → $8.89
Next anchor: T+20d in 7d
Last close $9.17 (close Jun 8) · +9.69% from $8.36 entry
Entry anchored
May 19, 2026
via day open
T+1d
-1.08%
call -1.08% · α -1.27%
$8.27
settled 21d ago
T+5d
+6.34%
call +6.34% · α +4.54%
$8.89
settled 14d ago
T+20d
call — · α —
in 7d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Two C-suite insiders at MediaAlpha (CTO and General Counsel) sold a combined $137K in open-market shares on May 15, 2026, following derivative exercises by the CTO. The total value is 0.03% of the $517M market cap — trivial relative to company size. The sales coincide with a vesting/option exercise event, suggesting liquidity-driven selling rather than a bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$137.0K
Insiders
3

Actionable Insight

This cluster is routine post-vesting liquidity selling — no bearish signal. Monitor the next 10-Q for any fundamental deterioration, but these sales alone do not warrant action.

Key Facts

  • CTO Amy Yeh sold 12,000 shares for $97K after exercising 10,606 options at $0 (non-cash).
  • GC Jeffrey Coyne sold 5,000 shares for $40K after surrendering 1,808 shares for tax withholding.
  • Total open-market sales: $137K, representing 0.03% of market cap.
  • CRO Keith Cramer also exercised options and sold 13,000 shares for $105K on the same day.
  • All sales occurred on May 15, 2026, a single day — consistent with a blackout-window opening or vesting date.

Financial Impact

Total insider sales of $137K are immaterial relative to $517M market cap (0.03%).

dilution

Risk Factors

  • Insiders may continue selling if the stock appreciates, but no evidence of coordinated bearish view.
  • Historical performance shows MAX has been volatile (avg T+20 alpha -5.77%), but this filing is not a catalyst.

Market Snapshot

Exchange
NYSE
Sector
Services-Business Services, NEC
Analyst Consensus
75% bullish (12 analysts)

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-MAX-1779223267398
16 reports for MAX
Performance horizon
100% Hit rate 5 of 5 directional calls best @ T+60▲ +13.27%Mar 4, 2026
Filters
Rows
Reports for MAX — sortable, filterable
Type Now
May 19, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$8.36 $8.64▲ +3.35%▲ +2.11%$9.17 (+9.69%)
May 19, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$8.36 $8.89▲ +6.34%▲ +4.54%$9.17 (+9.69%)
May 15, 2026
25d ago
144
NEUTRAL ★ 3/10
$8.29 $8.61▲ +3.86%▲ +2.24%$9.17 (+10.62%)
Apr 29, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$10.00 $8.97▼ −10.30%▼ −13.41%$9.17 (−8.30%)
Apr 22, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$9.85 $10.00▲ +1.52%▲ +1.47%$9.17 (−6.90%)
Apr 20, 2026
7w ago
144
NEUTRAL ★ 3/10
$9.89 $10.01▲ +1.21%▲ +0.13%$9.17 (−7.28%)
Apr 15, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$9.70 $9.85▲ +1.55%▼ −0.09%$9.17 (−5.46%)
Apr 15, 2026
8w ago
Insider Cluster
BEARISH ★ 5/10
$9.70 $9.85▼ −1.55%▲ +0.09%$9.17 (+5.46%)
Apr 10, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$9.05 $10.06▲ +11.16%▲ +6.66%$9.17 (+1.33%)
Apr 8, 2026
9w ago
Insider Cluster
BEARISH ★ 6/10
$9.72 $9.70▲ +0.21%▲ +3.72%$9.17 (+5.66%)
Showing 10 of 16

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