Insider Trading January 23, 2026

Glaukos Corp President Joseph E. Gilliam Completes Stock Sale Worth Over $560K Amid Strong Q4 Revenue

Senior Executive's Stock Transactions Align with Pre-Arranged Trading Plan Following Robust Company Earnings

By Derek Hwang GKOS
Glaukos Corp President Joseph E. Gilliam Completes Stock Sale Worth Over $560K Amid Strong Q4 Revenue
GKOS

Joseph E. Gilliam, President and COO of Glaukos Corp, sold 4,502 shares of company stock totaling $561,174 on January 21, 2026. Concurrently, he exercised stock options to acquire an equal number of shares. These moves coincide with Glaukos reporting a significant 36% year-over-year increase in preliminary Q4 2025 revenue and positive analyst outlooks.

Key Points

  • Joseph E. Gilliam sold 4,502 shares of Glaukos stock for $561,174 and simultaneously exercised options to acquire 4,502 shares.
  • The stock transactions were performed under a Rule 10b5-1 trading plan to comply with regulatory standards.
  • Glaukos’s preliminary Q4 2025 revenue surged 36% year-over-year to approximately $143 million, exceeding analyst expectations.
  • Strong revenue contributions came from U.S. and international glaucoma sales, iDose product, and the Corneal Health segment, supporting optimistic full-year revenue guidance around $507 million for 2025.

On January 21, 2026, Joseph E. Gilliam, who serves as President and Chief Operating Officer of Glaukos Corporation (NASDAQ:GKOS), executed sales of 4,502 shares of the company’s common stock. The sales were completed through various transactions at prices ranging from $124.47 to $124.75 per share, resulting in total proceeds of approximately $561,174.

Simultaneously, Gilliam exercised stock options to purchase 4,502 shares at an exercise price of $55.18 per share, bringing the total value of options exercised to around $248,420. These transactions were officially disclosed via a Form 4 filing submitted to the Securities and Exchange Commission.

Following these activities, Gilliam’s direct holdings in Glaukos amount to 92,366 shares. Included in this total are 62,605 restricted stock units that remain unvested. Both the sale of shares and the exercise of options were conducted under a pre-established Rule 10b5-1 trading plan adopted on June 11, 2025, ensuring adherence to regulatory guidelines.

In related corporate developments, Glaukos reported preliminary revenue figures for the fourth quarter of 2025 reaching approximately $143 million. This represents a 36% increase over the prior year’s corresponding period and exceeds analysts’ consensus estimate of $129.4 million.

Detailed segment results highlighted U.S. glaucoma sales generating $86 million, surpassing expectations by roughly 5%. Revenues from the company’s iDose product aligned with forecasted figures. International glaucoma sales reached approximately $33 million, outperforming analyst estimates by 6%. In addition, sales from the Corneal Health segment contributed around $24 million to the quarter’s results.

For the full fiscal year 2025, Glaukos anticipates total net sales near $507 million, reflecting an increase of 32 percent relative to the previous year.

Analyst responses to these results have been positive. Stifel raised its price target on Glaukos shares from $115 to $160 and maintained a Buy rating, noting encouraging feedback from surveys on the Epioxa product. Piper Sandler upheld its Overweight rating and a price target of $165, citing strong Q4 performance across all business areas. UBS also reiterated its Buy rating despite recent stock price declines.

These developments demonstrate sustained market and analyst confidence in Glaukos’s revenue growth and product portfolio amid ongoing industry dynamics.

Risks

  • Gilliam’s stock sale and option exercise, although conducted under a pre-arranged trading plan, could be interpreted by investors as a signal of personal portfolio diversification, which may cause speculation on future insider sentiment.
  • Despite better-than-expected quarterly sales, stock prices have faced downward pressure, indicating market volatility and possible concerns unrelated to fundamental performance.
  • The significant portion of unvested restricted stock units held by Gilliam introduces uncertainty regarding future insider ownership concentration and potential share dilution.

More from Insider Trading

Principal Financial CEO Disposes of $697,300 in Stock; JPMorgan Lowers Rating to Neutral Feb 2, 2026 Waste Management COO Executes Stock Transactions to Cover Tax Liability; Company Near Fair Value Feb 2, 2026 Waste Management SVP Carrasco executes share sale after performance award settlement Feb 2, 2026 Waste Management SVP Disposes of $47,052 in Shares Following Award Settlement Feb 2, 2026 CNB Financial Director Adds 975 Shares; Board Declares Quarterly Dividend Feb 2, 2026