UMAC Unusual Machines, Inc.
Price Chart
Executive Summary
Director and officer Allan Evans filed a Form 144 to sell up to 500,000 shares via a prepaid variable forward sale contract, valued at ~$14.8M. This follows a cluster of insider sales by the CFO ($2.66M), President ($136K), and another director ($20K) in the prior week, bringing total insider selling intent to ~$14.96M in an 8-day window for a $1.4B market cap company. The CFO's sale in particular is notable in both size and proximity to this filing.
Actionable Insight
Heavy insider selling from multiple C-suite and board members (CFO, President, Director, and now a top Officer/Director in a $14.8M prepaid variable forward) in an 8-day window for a $1.4B company bears close watching. The CFO's $2.66M sale and Evans' ~$14.8M filing are disproportionately large relative to typical insider sales. Traders should monitor for any subsequent Form 4 filings confirming these sales and watch for any operational or liquidity disclosures that could explain the clustering.
Key Facts
- Allan Evans (Officer & Director) filed Form 144 for 500,000 shares via prepaid variable forward contract
- Estimated dollar value of Evans' proposed sale: $14,800,000
- Filed 2026-05-29, referencing a contract entered 2026-05-28
- CFO Hoff Brian Joseph sold 150,000 shares (~$2.66M) on 2026-05-27
- President Andrew Ross sold 9,600 shares (~$136K) on 2026-05-21
- Director Rich Sanford sold 1,400 shares (~$20K) on 2026-05-21
- Total insider selling value in 8-day window: ~$14.96M (over 1% of $1.4B market cap)
- Evans' filing alone represents ~1.06% of market cap
- Prepaid variable forward contract may be cash- or physically-settled; stock assignment to Evans preceded the contract
Financial Impact
Up to ~$14.8M in potential share sales by a top officer/director, plus $2.66M CFO sale and $156K in other insider sales within the prior week — total ~$17.6M of insider selling intent disclosed in an 8-day window.
Risk Factors
- Insiders may be monetizing ahead of negative fundamentals or liquidity needs
- Prepaid variable forward contracts can be complex; terms may result in accelerated share delivery
- Additional selling by other insiders may follow, exacerbating supply overhang
- Historical model performance on UMAC reports has been poor (T+20 win rate 33%), suggesting the market may not react strongly to this signal alone
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (UMAC) — Batch item 1 | 0001683168-26-004384 |
| Document: 0001683168-26-004384-index.html | cluster-UMAC-1780084989947 |
| Document: 0001683168-26-004384.txt | 0001683168-26-004384 |
| CLUSTER Data (Synthetic) | 0001683168-26-004384 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
1d ago
|
Insider Cluster
| $26.38 awaiting T+1 | awaiting T+1 | — | $26.70 (−1.21%) |
|
Jun 5, 2026
1d ago
|
144
| $28.28 awaiting T+1 | awaiting T+1 | — | $26.70 (−5.59%) |
|
Jun 2, 2026
4d ago
|
Insider Cluster
| $28.86 $32.30 | ▼ −11.92% | ▼ −11.51% | $26.70 (+7.48%) |
|
Jun 1, 2026
5d ago
|
144
| $28.88 $33.42 | ▲ +15.72% | ▲ +15.58% | $26.70 (−7.55%) |
|
May 29, 2026
8d ago
|
144 / CLUSTER
| $28.88 $33.42 | ▼ −15.72% | ▼ −15.57% | $26.70 (+7.55%) |
|
May 29, 2026
8d ago
|
Insider Cluster
| $31.78 $28.88 | ▲ +9.13% | ▲ +9.40% | $26.70 (+15.98%) |
|
May 27, 2026
10d ago
|
144
| $18.83 $29.60 | ▼ −57.20% | ▼ −56.64% | $26.70 (−41.80%) |
|
May 26, 2026
11d ago
|
8-K
| $18.83 $29.60 | ▲ +57.20% | ▲ +56.65% | $26.70 (+41.80%) |
|
May 21, 2026
16d ago
|
144
| $14.80 $16.78 | ▼ −13.38% | ▼ −12.93% | $26.70 (−80.41%) |
|
May 21, 2026
16d ago
|
144
| $14.80 $16.78 | ▲ +13.38% | ▲ +12.93% | $26.70 (+80.41%) |
US Market Status
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