{"scope": "company", "symbol": "BCYC", "name": "Bicycle Therapeutics Ltd", "intelligence": {"score": 13, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 72, "confidence_label": "Well supported", "filings": 15, "companies": 1, "insiders": 5, "signal_events": 11, "acquisition_events": 0, "disposal_events": 11, "acquisition_share": 0.0, "disposal_share": 100.0, "acquisition_value": 0.0, "disposal_value": 60460.98, "net_value": -60460.98, "acquisition_value_label": "$0", "disposal_value_label": "$60.5K", "net_value_label": "-$60.5K", "data_quality": 73, "priced_common_share": 73, "latest_date": "2026-07-15", "latest_signal_date": "2026-07-06", "oldest_date": "2026-07-02", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 11, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 0, "bar_width": 0.0}, {"key": "derivative", "label": "Options and derivatives", "count": 4, "bar_width": 36.4}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Other executive", "count": 10, "bar_width": 100.0}, {"label": "Finance leadership", "count": 3, "bar_width": 30.0}, {"label": "CEO and chair", "count": 2, "bar_width": 20.0}], "supports": ["Participation spans 5 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 0, "disposals": 5, "qualified_acquisitions": 0, "qualified_disposals": 5, "total": 5, "height": 83.3, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 6, "qualified_acquisitions": 0, "qualified_disposals": 6, "total": 6, "height": 100.0, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 4, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 4, "height": 66.7, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "market": {"latest_week": "2026-08-07", "latest_close": "4.170000", "currency": "USD", "one_week_change": "8.031088082901554404145077720", "thirteen_week_change": "-5.442176870748299319727891156", "four_week_change": "-5.442176870748299319727891156", "range_high": "4.935000", "range_low": "3.745000", "average_volume": 2066640, "relative_strength": "-38.655784", "market_dynamics": "-0.089247", "fair_value": "13.591346", "fair_value_gap": "-69.31871206869430003474269583", "trend_signal": "0", "one_week_change_label": "+8.0%", "thirteen_week_change_label": "-5.4%", "four_week_change_label": "-5.4%", "fair_value_gap_label": "-69.3%"}, "transactions": [{"date": "2026-07-15", "insider": "HANNAY, MICHAEL CHARLES FERGUSON", "role": "CHIEF PROD & SUPPLY CHAIN OFF", "side": "Acquisition", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-07-15", "insider": "PERRY, JENNIFER SCOTT", "role": "Chief Operating Officer", "side": "Acquisition", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-07-15", "insider": "SKYNNER, MICHAEL", "role": "CHIEF SCIENTIFIC OFFICER", "side": "Acquisition", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-07-15", "insider": "THOMPSON, TRAVIS ALVIN", "role": "Chief Financial Officer", "side": "Acquisition", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-07-06", "insider": "LEE, KEVIN", "role": "Director, CHIEF EXECUTIVE OFFICER", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "7486.4700", "value_label": "$7.5K"}, {"date": "2026-07-06", "insider": "SKYNNER, MICHAEL", "role": "CHIEF SCIENTIFIC OFFICER", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "2292.9200", "value_label": "$2.3K"}, {"date": "2026-07-06", "insider": "PERRY, JENNIFER SCOTT", "role": "Chief Operating Officer", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "1445.2200", "value_label": "$1.4K"}, {"date": "2026-07-06", "insider": "HANNAY, MICHAEL CHARLES FERGUSON", "role": "CHIEF PROD & SUPPLY CHAIN OFF", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "1099.0500", "value_label": "$1.1K"}, {"date": "2026-07-06", "insider": "THOMPSON, TRAVIS ALVIN", "role": "Chief Financial Officer", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "448.2400", "value_label": "$448"}, {"date": "2026-07-06", "insider": "PERRY, JENNIFER SCOTT", "role": "Chief Operating Officer", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "185.3300", "value_label": "$185"}, {"date": "2026-07-02", "insider": "LEE, KEVIN", "role": "Director, CHIEF EXECUTIVE OFFICER", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "25214.3500", "value_label": "$25.2K"}, {"date": "2026-07-02", "insider": "SKYNNER, MICHAEL", "role": "CHIEF SCIENTIFIC OFFICER", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "7937.9300", "value_label": "$7.9K"}, {"date": "2026-07-02", "insider": "HANNAY, MICHAEL CHARLES FERGUSON", "role": "CHIEF PROD & SUPPLY CHAIN OFF", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "6430.6200", "value_label": "$6.4K"}, {"date": "2026-07-02", "insider": "PERRY, JENNIFER SCOTT", "role": "Chief Operating Officer", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "4423.7200", "value_label": "$4.4K"}, {"date": "2026-07-02", "insider": "THOMPSON, TRAVIS ALVIN", "role": "Chief Financial Officer", "side": "Disposal", "security": "Ordinary Shares", "evidence_class": "common_equity", "value": "3497.1300", "value_label": "$3.5K"}], "method": "Directional scores use deduplicated, priced common-share evidence with asymmetric disposal weighting, role, freshness, and size controls."}