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SEC EDGARMAY 261 min read$IRM

Borges Daniel sold $902K of IRM

Borges Daniel (SVP & Chief Accounting Officer) sold 7,189 shares of IRON MOUNTAIN INC (IRM) at $125.50 ($0.90M total) on 2026-05-21 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Borges Daniel
Published May 26, 2026, 8:20 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai May 26, 2026, 8:25 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefInsider activity
Primary signal
$IRM
Neutral
high confidence
Mentioned
$IRM
Relevance
6/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$IRMNeutralLow
01

Why it matters

The disclosed sale is under a Rule 10b5-1 plan, which generally reduces the informational content of the trade for near-term price discovery.

02

Market read

Traders may monitor for clustering of insider sales, but this specific 10b5-1 sale alone is unlikely to drive a sustained move.

03

What to watch

Insider sales can be driven by liquidity/tax planning; without concurrent fundamental news, signal quality is usually low.

Relevance 6/10Timing: Filing dated 2026-05-26; transaction occurred 2026-05-21, so market reaction may already be partially priced.

Background

The article is an SEC Form 4 insider transaction disclosure for Iron Mountain (IRM) by SVP & Chief Accounting Officer Borges Daniel.

Company-level read

Ticker impact

$IRMNeutralHigh confidence
Context

SEC Form 4 shows IRM CFO Borges Daniel sold 7,189 shares ($902,219) via an open-market sale under a 10b5-1 plan.

Expected impact

Likely limited/short-lived impact; watch for follow-through only if additional insider selling appears outside 10b5-1.

Evidence & confidence

The filing specifies a Rule 10b5-1 pre-arranged plan and the position after transaction is 0 shares, which is consistent with scheduled diversification rather than new information.

Market effects

Sector

Minimal; this is company-specific insider activity without any disclosed operational/regulatory catalyst.

Regional

None indicated.

Global

None indicated.

Counterpoint

What could challenge this read

Even with 10b5-1, a complete exit by a top accounting officer could be interpreted by some traders as reduced confidence, especially if paired with other insider sales.

Key entities

  • issuer
    Iron Mountain Inc

    Subject of the insider transaction disclosure; officer sold shares under a pre-arranged 10b5-1 plan.

  • insider
    Borges Daniel

    SVP & Chief Accounting Officer who executed the open-market sale.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

IRM insider trading history →

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