Insider Trading January 26, 2026

Glaukos Director Disposes $1.9M in Stock; Also Exercises Discounted Options

Marc Stapley sells 15,792 shares under a 10b5-1 plan while exercising 15,000 options the same day; company posts strong Q4 revenue and reaffirms guidance

By Priya Menon GKOS
Glaukos Director Disposes $1.9M in Stock; Also Exercises Discounted Options
GKOS

Glaukos Corp director Marc Stapley sold 15,792 shares on January 22, 2026, generating roughly $1.9 million in proceeds while exercising 15,000 options at $24.69 per share. The transactions occurred as Glaukos reported robust preliminary fourth-quarter revenue and analysts revised targets higher amid strong product performance.

Key Points

  • Glaukos director Marc Stapley sold 15,792 shares on Jan. 22, 2026, collecting roughly $1.9 million; sale prices ranged from $126.07 to $129.78, near a trading price of $124.27.
  • Stapley also exercised 15,000 options on the same day at $24.69 per share for $370,350; after the transactions he directly owns 37,449 shares and the sales were made under a Rule 10b5-1 plan adopted June 4, 2025.
  • Glaukos reported preliminary Q4 2025 revenue of about $143 million (up 36% year-over-year), beat analyst expectations, reaffirmed its 2026 guidance projecting approximately $507 million in total net sales for full-year 2025, and drew higher price targets and Buy/Overweight ratings from several analysts.

Marc Stapley, a director at Glaukos Corporation, sold 15,792 shares of the company's common stock on January 22, 2026, for approximately $1.9 million. The disposal was executed at prices between $126.07 and $129.78 per share, prices noted as being close to the then-current trading level of $124.27.

On that same date Stapley also exercised options to purchase 15,000 shares of Glaukos common stock at an exercise price of $24.69 per share, for a total outlay of $370,350. The exercise price is substantially below the market price reflected in the sales, and the company is cited as carrying a market capitalization of roughly $7.13 billion despite reporting that it was not profitable over the last twelve months.

Following these moves, Stapley’s direct ownership in Glaukos stands at 37,449 shares. The January 22 sales were made under a pre-established Rule 10b5-1 trading plan that Stapley adopted on June 4, 2025.


Market context included in the disclosures notes that Glaukos has shown meaningful recent price appreciation, with a 27.23% return over the past six months. An InvestingPro assessment referenced alongside the trading details indicates the stock is trading above its Fair Value, according to that analysis.

Glaukos additionally released preliminary results for the fourth quarter of 2025, reporting approximately $143 million in revenue for the period - a 36% increase versus the comparable quarter in 2024 and above analyst estimates of $129.4 million. The company reported U.S. glaucoma sales of $86 million, international glaucoma revenue of $33 million, and iDose revenue of about $45 million, the latter described as roughly in line with projections.

In the same release Glaukos reaffirmed its 2026 guidance, projecting total net sales of approximately $507 million for the full year 2025, which the company describes as a 32% year-over-year increase. The combination of the preliminary top-line beat and the guidance reaffirmation drew positive reactions from sell-side analysts.

Stifel raised its price target on Glaukos to $160 from $115 and maintained a Buy rating, citing favorable survey results for the company’s Epioxa product as an influence. Piper Sandler kept an Overweight rating with a $165 price target, noting that fourth-quarter results exceeded expectations across segments. UBS reiterated its Buy rating and emphasized the strong revenue performance even after the stock experienced a pullback.

These events - insider sales under a formal trading plan, a large options exercise at a substantially lower strike, a material sequential revenue beat, and raised analyst price targets - were presented together in the company and market disclosures. The publicly shared details provide a clear record of the executed transactions and the reported quarterly performance.

Risks

  • The company was not profitable over the past twelve months, which poses execution and margin risks for investors in the healthcare equipment and devices sector.
  • InvestingPro analysis cited in the disclosures indicates the shares are trading above Fair Value, presenting valuation risk for market participants in the healthcare and medical devices market.
  • Insider sales, even when conducted under a pre-arranged Rule 10b5-1 plan, can raise questions about near-term insider sentiment that may affect investor perception across equity markets for the stock.

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