ORKA Oruka Therapeutics, Inc.
Price Chart
Executive Summary
Director Carl Dambkowski and SVP Arjun Agarwal executed derivative exercises and open-market sales, with total open-market sales of ~$2.78M on the cluster window. The sales are modest relative to ORKA's $3.5B market cap (~0.08%) and are tied to derivative exercise/cashless exercise-and-sell patterns — a routine liquidity mechanism rather than informed selling.
Key Financial Metrics
Actionable Insight
No actionable signal. The cluster consists entirely of derivative-exercise-and-sell transactions by two insiders — a standard pattern for tax withholding and cashless exercise. With CMO Joana Goncalves also selling a smaller lot, there is no evidence of coordinated bearish conviction. Historical calibration shows ORKA insider cluster reports have been unreliable, with the model's T+20 average alpha at -0.96% in this segment. Ignore this cluster.
Key Facts
- Director Carl Dambkowski sold 38,318 shares on 2026-05-21 at ~$58.43 for ~$2.24M, combined with derivative exercises (38,689 shares at $6.84 and 11,904 shares at $0).
- SVP Arjun Agarwal sold 4,190 shares on 2026-05-18 at ~$58.34 for ~$244K, combined with derivative exercises (2,000 shares at $12.50 and 2,000 shares at $0).
- Total open-market sales: ~$2.78M, representing ~0.08% of ORKA's $3.5B market cap.
- CMO Joana Goncalves sold 4.8K shares at ~$61.56 for ~$295K in the 7d window — an additional partial cluster participant.
- All sales in the cluster are derivative-related, not outright open-market portfolio liquidation.
Financial Impact
Total insider sale value of ~$2.78M is trivial relative to $3.5B market cap (~0.08%) — noise floor.
Risk Factors
- If the company is in a pre-approval or data-readout window, any insider sale gets outsized attention — manage headline risk.
- Non-open-market exercises (A, M, F) do not reflect bearish conviction but are often mischaracterized by retail media.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ORKA-1779483291571 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
8d ago
|
8-K
| $55.23 $57.20 | ▲ +3.57% | ▲ +4.26% | $64.06 (+15.99%) |
|
May 22, 2026
18d ago
|
Insider Cluster
| $59.06 $57.99 | ▼ −1.81% | ▼ −1.82% | $64.06 (+8.47%) |
|
May 18, 2026
22d ago
|
Insider Cluster
| $57.50 $60.67 | ▲ +5.51% | ▲ +4.47% | $64.06 (+11.41%) |
|
Apr 28, 2026
6w ago
|
Press Release
| $68.10 $68.10 | · 0.00% | ▲ +1.02% | $64.06 (+5.93%) |
|
Apr 27, 2026
6w ago
|
424B5
| $73.99 $69.49 | ▲ +6.08% | ▲ +6.07% | $64.06 (+13.42%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $73.99 $69.49 | ▲ +6.08% | ▲ +6.07% | $64.06 (+13.42%) |
|
Apr 27, 2026
6w ago
|
8-K
| $76.39 $73.99 | ▼ −3.14% | ▼ −2.66% | $64.06 (−16.14%) |
|
Apr 17, 2026
7w ago
|
DEFA14A
| $68.87 $69.00 | ▲ +0.19% | ▲ +0.84% | $64.06 (−6.98%) |
|
Apr 15, 2026
7w ago
|
144
| $67.07 $68.92 | ▲ +2.76% | ▲ +1.54% | $64.06 (−4.49%) |
|
Apr 13, 2026
8w ago
|
EFFECT
| $61.38 $67.06 | ▲ +9.25% | ▲ +8.04% | $64.06 (+4.37%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access