W CLUSTER SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

W ▲ +6.80% at T+20d

SHORT call ✗ call lost -6.80% · α vs SPY +2.10% · entry $75.04 → $80.14

Next anchor: T+60d in 4d

Currently $77.59 · -3.39% from $75.04 entry (call sign-flipped)

Entry anchored
Mar 23, 03:59 PM ET
via Databento tick

T+1d

+5.38%

call -5.38% · α -4.82%

$79.08

settled 3mo ago

T+5d

-0.39%

call +0.39% · α -0.04%

$74.75

settled 3mo ago

T+20d

+6.80%

call -6.80% · α +2.10%

$80.14

settled 8w ago

T+60d

—

call — · α —

—

in 4d

Price Chart

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Executive Summary

Wayfair's CEO Shah Niraj and Director Steven Conine collectively sold over $1 million in shares over three consecutive days, with all transactions being open-market sales at prices between $75.45 and $77.64. The sales represent a coordinated insider divestment by top leadership, including the CEO, which may signal reduced confidence in near-term stock appreciation.

Key Financial Metrics

Direction

selling

Total Value

$1.0M

Insiders

2

Actionable Insight

Traders should monitor for potential downward pressure on the stock ahead of the next earnings report or any lack of positive catalysts; consider this insider activity as a bearish signal, especially given the participation of the CEO.

Key Facts

CEO Shah Niraj sold 6,577 shares for $495,548.76 in open-market transactions over three days (March 23–25, 2026).
Director Steven Conine sold 6,749 shares for $518,420.94 in open-market transactions during the same period.
Total insider sales: 13,326 shares, valued at $1,013,969.70 in aggregate.
All transactions were coded as 'S' (open-market sale), indicating direct selling into the public market.
Total sale value represents approximately 0.01% of Wayfair’s $10.4B market cap — modest in relative terms but significant due to concentration among top insiders.

Financial Impact

$1.01 million in open-market share sales by two top insiders

insider ownershipinvestor sentimentperceived stock valuation

Risk Factors

Insiders may be diversifying holdings rather than signaling fundamental concerns.
Recent price run-up could be prompting routine profit-taking, not a view on long-term prospects.

Market Snapshot

Exchange

NYSE

Sector

Retail-Catalog & Mail-Order Houses

Documents Analyzed

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

Document	Accession Number
CONTEXT: Insider Cluster Data (6 trades, 7d window)	cluster-W-1774559372827

12 reports for W

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

100% Hit rate 3 of 3 directional calls best @ T+60▲ +19.27%Feb 23, 2026

Filters

Reports for W — sortable, filterable
	Type				Now
May 22, 2026 22d ago	8-K NEUTRAL ★ 2/10	$67.04 $72.42	▲ +8.02%	▲ +6.37%	$77.59 (+15.73%)
May 13, 2026 4w ago	8-K NEUTRAL ★ 4/10	$59.88 $64.32	▲ +7.41%	▲ +7.55%	$77.59 (+29.57%)
Apr 30, 2026 6w ago	8-K NEUTRAL ★ 5/10	$63.88 $66.01	▲ +3.33%	▲ +1.61%	$77.59 (+21.46%)
Apr 24, 2026 7w ago	Insider Cluster NEUTRAL ★ 2/10	$78.70 $65.39	▼ −16.91%	▼ −17.82%	$77.59 (−1.41%)
Apr 23, 2026 7w ago	Insider Cluster NEUTRAL ★ 2/10	$76.50 $73.27	▼ −4.23%	▼ −5.70%	$77.59 (+1.42%)
Apr 14, 2026 8w ago	144 BEARISH ★ 6/10	$74.21 $79.67	▼ −7.36%	▼ −5.96%	$77.59 (−4.55%)
Mar 25, 2026 11w ago	Insider Cluster NEUTRAL ★ 2/10	$79.08 $75.21	▼ −4.89%	▼ −4.65%	$77.59 (−1.89%)
Mar 24, 2026 11w ago	Insider Cluster BEARISH ★ 7/10	$75.04 $74.75	▲ +0.39%	▼ −0.04%	$77.59 (−3.39%)
Mar 23, 2026 11w ago	Insider Cluster NEUTRAL ★ 3/10	$76.07 $69.22	▼ −9.00%	▼ −5.44%	$77.59 (+1.99%)
Feb 26, 2026 15w ago	Insider Cluster NEUTRAL ★ 2/10	$78.47 $78.16	▼ −0.40%	▲ +0.73%	$77.59 (−1.13%)

US Market Status

Market Closed — Opens Mon (49h 37m)

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