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SEC EDGARSEP 241 min read$SKYE

5AM Partners VII, LLC (DIEKMAN JOHN D, PARMAR KUSH) sold $240K of SKYE (indirect holdings)

5AM Partners VII, LLC sold 148,079 indirectly-held shares of Skye Bioscience, Inc. (SKYE) at an average of $1.62 ($1.61–$1.65, $0.24M total) across 4 trades over 2026-09-22 to 2026-09-23. Filed jointly with 5AM Ventures VII, L.P. (10% owner), 5AM Partners II, LLC (10% owner), 5AM Ventures II LP (10% owner), 5AM CO-INVESTORS II LP (10% owner), DIEKMAN JOHN D (10% owner), PARMAR KUSH (10% owner) and ROCKLAGE SCOTT M (10% owner).

Original reporting
SEC EDGAR · 5AM Partners VII, LLC, 5AM Ventures VII, L.P., 5AM Partners II, LLC, 5AM Ventures II LP, 5AM CO-INVESTORS II LP, DIEKMAN JOHN D, PARMAR KUSH, ROCKLAGE SCOTT M
Published Sep 24, 2026, 8:29 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 24, 2026, 8:59 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
$SKYE
Bearish
medium confidence
Mentioned
$SKYE
Relevance
4/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$SKYEBearishLow
01

Why it matters

The filing provides the first public notice of the insider's complete exit from SKYE.

02

Market read

Primary disclosure of a micro‑cap insider sell‑off; modest trading relevance.

03

What to watch

Potential upcoming clinical data or financing events not disclosed in the filing.

Relevance 4/10Novelty 4/10Timing: filed Sep 24, 2026 (post‑market)

Background

SEC Form 4 filing discloses insider transactions for public companies.

Company-level read

Ticker impact

$SKYEBearishMedium confidence
Context

5AM Partners VII sold 148,079 shares of Skye Bioscience for $239,555, reducing its stake to zero.

Expected impact

Possible short-term price decline as market absorbs the insider sell-off.

Evidence & confidence

Insider sales of sizable blocks often lead to downward pressure, especially for micro‑caps with limited liquidity.

Market effects

Sector

Minimal impact on biotech sector; isolated insider transaction.

Regional

No broader regional effect.

Global

Limited to investors in SKYE.

Counterpoint

What could challenge this read

The sale could be a routine portfolio rebalancing rather than a negative signal.

Key entities

  • company
    Skye Bioscience, Inc.

    Biotech firm listed on NASDAQ under ticker SKYE.

  • insider
    5AM Partners VII, LLC

    Investment vehicle holding a 10% stake in SKYE.

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.

SKYE insider trading history →

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