COP CONOCOPHILLIPS
Price Chart
Executive Summary
ConocoPhillips CEO Lance Ryan Michael sold 506,800 shares for $64.5 million in an open-market transaction, following derivative exercises totaling $25.2 million in value. Two other executives sold smaller amounts, bringing the total insider selling cluster to $66.4 million over seven days. This represents a material disposition by the CEO, likely tied to pre-arranged trading plans or diversification, but raises concerns given its size and concentration.
Key Financial Metrics
Actionable Insight
Monitor for Form 144 filings or disclosures indicating whether these sales were part of a 10b5-1 plan. The scale of CEO selling may signal reduced conviction or aggressive diversification; consider this a cautionary signal ahead of earnings or macro-driven volatility in energy markets.
Key Facts
- CEO Lance Ryan Michael sold 506,800 shares for $64,493,594 in open-market transactions on March 20, 2026.
- The sale was preceded by two derivative exercises totaling 506,800 shares with a cost basis of $0 and $49.755 per share, respectively.
- SVP Rose Kelly Brunetti sold $1.0 million worth of shares, and EVP Olds Nicholas G sold $888,651.
- Total open-market selling in the cluster: $66.4 million over 7 days.
- This insider selling cluster represents approximately 0.042% of ConocoPhillips' $158.1B market cap.
Financial Impact
$66.4 million in insider selling over 7 days, with $64.5 million directly from the CEO. Non-cash derivative exercises added $25.2 million in realized value.
Risk Factors
- Perception of insider pessimism due to concentration of selling by top leadership, especially the CEO.
- Potential for negative market reaction if sales are not part of pre-arranged plans.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (5 trades, 7d window) | cluster-COP-1774468847979 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 27, 2026
14d ago
|
Court Ruling
| $115.14 $116.87 | ▼ −1.51% | ▼ −0.30% | $118.89 (−3.26%) |
|
Mar 30, 2026
10w ago
|
DEFA14A
| $132.86 $131.77 | ▼ −0.82% | ▼ −5.12% | $118.89 (−10.51%) |
|
Mar 20, 2026
11w ago
|
Insider Cluster
| $126.70 $133.79 | ▼ −5.60% | ▼ −7.75% | $118.89 (+6.16%) |
|
Mar 20, 2026
11w ago
|
Insider Cluster
| $126.70 $133.79 | ▲ +5.60% | ▲ +7.75% | $118.89 (−6.16%) |
|
Mar 13, 2026
12w ago
|
Insider Cluster
| $121.69 $126.70 | ▼ −4.12% | ▼ −6.24% | $118.89 (+2.30%) |
|
Mar 9, 2026
13w ago
|
Insider Cluster
| $116.98 $121.27 | ▲ +3.67% | ▲ +5.02% | $118.89 (+1.64%) |
|
Mar 6, 2026
13w ago
|
Insider Cluster
| $116.99 $121.69 | ▲ +4.02% | ▲ +5.55% | $118.89 (+1.63%) |
|
Mar 6, 2026
13w ago
|
Insider Cluster
| $116.99 $121.69 | ▲ +4.02% | ▲ +5.55% | $118.89 (+1.63%) |
|
Mar 6, 2026
13w ago
|
Insider Cluster
| $116.99 $121.69 | ▼ −4.02% | ▼ −5.55% | $118.89 (−1.63%) |
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