https://section16.online/ SEC Insider Transaction Intelligence for Event-Driven Investors en-us Copyright 2026 Section 16 Insider contact@section16.online (The Section 16 Desk) contact@section16.online Mon, 11 May 2026 16:30:07 GMT Mon, 11 May 2026 16:30:07 GMT 60 https://section16.online/logo.png https://section16.online/ https://section16.online/2026/05/11/section16-daily-intelligence/ https://section16.online/2026/05/11/section16-daily-intelligence/ Mon, 11 May 2026 12:00:00 GMT As of May 11, 2026, The Section 16 Desk has detected a $11.3M coordinated option-exercise-and-sell event at United Therapeutics (UTHR), where Chairperson & CEO Martine Rothblatt and CFO James Edgemond simultaneously monetized 10b5-1-style positions on May 7. Broader tape is dollar-weighted bearis... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/05/08/section16-daily-intelligence/ https://section16.online/2026/05/08/section16-daily-intelligence/ Fri, 08 May 2026 12:00:00 GMT As of May 8, 2026, The Section 16 Desk has identified the most significant insider event of the week: **Upstart Holdings (UPST) co-founder, CEO and 10% owner Dave Girouard committed approximately $5.0 million of fresh capital to open-market purchases on May 7, 2026**, buying 169,940 shares at $29... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/05/07/section16-daily-intelligence/ https://section16.online/2026/05/07/section16-daily-intelligence/ Thu, 07 May 2026 12:00:00 GMT As of May 7, 2026, The Section 16 Desk has identified a $353,080 open-market purchase by **Lynette Holzbaur, SVP and Corporate Controller** at **Organon & Co. (OGN)**, who effectively doubled her personal stake at $13.35 per share — the largest single open-market buy on today's tape and a rare si... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/05/06/section16-daily-intelligence/ https://section16.online/2026/05/06/section16-daily-intelligence/ Wed, 06 May 2026 12:00:00 GMT As of May 6, 2026, The Section 16 Desk has identified **the largest open-market insider cluster buy at Patrick Industries (PATK) in at least three years**, with **CEO Andy Nemeth and three additional insiders** purchasing **$1.89 million** of common stock on May 5, 2026 — all on the open market, ... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/05/05/section16-daily-intelligence/ https://section16.online/2026/05/05/section16-daily-intelligence/ Tue, 05 May 2026 12:00:00 GMT As of May 5, 2026, **The Section 16 Desk** has identified one of the most lopsided open-market flow days of 2026: **$14.47 million in disclosed insider selling against just $193,887 in open-market buying**, producing a **buy/sell ratio of 0.013** versus the long-run norm near 0.35. The selling is... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/05/04/section16-daily-intelligence/ https://section16.online/2026/05/04/section16-daily-intelligence/ Mon, 04 May 2026 12:00:00 GMT As of May 4, 2026, The Section 16 Desk has identified the largest single Form 4 transaction we have logged in the post-COVID era: **Sumitomo Mitsui Financial Group (SMFG)** disclosed a **$310.0 million open-market purchase** of **Jefferies Financial Group (JEF)** on **May 1, 2026** — 6,429,337 sh... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/05/01/section16-daily-intelligence/ https://section16.online/2026/05/01/section16-daily-intelligence/ Fri, 01 May 2026 12:00:00 GMT As of May 1, 2026, The Section 16 Desk has identified the largest single-insider open-market purchase of the calendar year: William A. Ackman's $240.9 million Form 4 disclosure for Pershing Square USA, Ltd. (PSUS), filed today and dated April 30, 2026. The transaction dwarfs every other Section 1... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/30/section16-daily-intelligence/ https://section16.online/2026/04/30/section16-daily-intelligence/ Thu, 30 Apr 2026 12:00:00 GMT As of April 30, 2026, The Section 16 Desk has flagged a coordinated $643,240 open-market cluster buy at IperionX Ltd (IPX) by CEO Anastasios Arima (110,000 shares at $4.4875) and Director Lorraine M. Martin (4,755 ADS at $31.4647) as the day's highest-conviction insider signal — a rare two-inside... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/29/section16-daily-intelligence/ https://section16.online/2026/04/29/section16-daily-intelligence/ Wed, 29 Apr 2026 12:00:00 GMT As of April 29, 2026, **The Section 16 Desk** flagged one of the most lopsided insider days of the cycle. Today's filings reveal **just four open-market purchases totaling $110,760** versus **$516.9 million in open-market sells** — a dollar buy/sell ratio of **0.0002**, roughly **1,600x below the... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/28/section16-daily-intelligence/ https://section16.online/2026/04/28/section16-daily-intelligence/ Tue, 28 Apr 2026 12:00:00 GMT As of April 28, 2026, The Section 16 Desk has identified one of the most misleading headline tapes in recent weeks. Aggregate Form 4 dollar volume reads **$60.4 million in sells against $3.8 million in buys** — a 0.06 ratio. But **$54.0 million of that "sell" volume is mechanical RSU vesting at N... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/27/section16-daily-intelligence/ https://section16.online/2026/04/27/section16-daily-intelligence/ Mon, 27 Apr 2026 12:00:00 GMT As of April 27, 2026, The Section 16 Desk has identified two of the most actionable insider patterns of the spring earnings cycle: (1) an **eight-insider cluster buy at Everforth Inc. (EFOR)** totaling **$1.54 million** of open-market purchases on April 24 — including **CEO Theodore S. Hanson's $... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/24/section16-daily-intelligence/ https://section16.online/2026/04/24/section16-daily-intelligence/ Fri, 24 Apr 2026 12:00:00 GMT As of April 24, 2026, The Section 16 Desk has identified a sharply bearish insider tape dominated by a $12.02 million open-market disposition by **Pure Storage Chief Visionary Officer and founder John Colgrove** at ticker (P), executed over three sessions from April 21-23 at an average price of $... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/23/section16-daily-intelligence/ https://section16.online/2026/04/23/section16-daily-intelligence/ Thu, 23 Apr 2026 12:00:00 GMT As of April 23, 2026, The Section 16 Desk has identified a decisively sell-heavy tape dominated by one strategic nuclear exit and one concentrated biotech conviction bet, with aggregate Form 4 flow of $65.97M in open-market buying against $230.53M in selling — a buy/sell ratio of 0.29 versus the ... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/22/section16-daily-intelligence/ https://section16.online/2026/04/22/section16-daily-intelligence/ Wed, 22 Apr 2026 12:00:00 GMT As of April 22, 2026, The Section 16 Desk has identified an overwhelmingly lopsided insider tape: aggregate open-market selling of approximately **$283 million** swamps **$1.4 million** of open-market buys across 48 Form 4 transactions filed today (reference date 2026-04-22). The resulting buy/se... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/21/section16-daily-intelligence/ https://section16.online/2026/04/21/section16-daily-intelligence/ Tue, 21 Apr 2026 12:00:00 GMT As of April 21, 2026, The Section 16 Desk has identified a **$55.2 million private-equity exit** at **Redwire Corporation (RDW)** as the dominant gross flow in today's tape — 10% owner **AE Red Holdings, LLC** (AE Industrial Partners Fund II-A affiliate) distributed **5.18 million shares across A... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/20/section16-daily-intelligence/ https://section16.online/2026/04/20/section16-daily-intelligence/ Mon, 20 Apr 2026 12:00:00 GMT As of April 20, 2026, The Section 16 Desk has parsed **31 Section 16 filings** (20 Form 4, 5 Form 3/3A, 6 Form 5). Discretionary flow is **overwhelmingly one-sided**: **$39.54M of code-S dispositions** against **$143,528 of true open-market common-stock buys** (AIRS, LOVE, HUIZ). The dollar-weigh... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/17/section16-daily-intelligence/ https://section16.online/2026/04/17/section16-daily-intelligence/ Fri, 17 Apr 2026 12:00:00 GMT As of April 17, 2026, The Section 16 Desk has parsed **70 filings** (50 Form 4, 20 Form 3). Discretionary open-market activity collapsed on both sides: **11 buys totaled just $292,581** versus **7 sells totaling $2,535,904** — a **dollar-weighted buy/sell ratio of 0.115**, roughly one-third of th... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/16/section16-daily-intelligence/ https://section16.online/2026/04/16/section16-daily-intelligence/ Thu, 16 Apr 2026 12:00:00 GMT As of April 16, 2026, The Section 16 Desk has identified a **starkly bearish tape** in today's Section 16 disclosures: **78 Form 3/4/5 filings** generated **63 discretionary sells totaling $56.64 million** against only **7 open-market purchases totaling $2.12 million** — a **dollar-weighted buy/s... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/15/section16-daily-intelligence/ https://section16.online/2026/04/15/section16-daily-intelligence/ Wed, 15 Apr 2026 12:00:00 GMT As of April 15, 2026, The Section 16 Desk has identified an exceptionally sell-heavy session across SEC Form 4 filings, headlined by **Hafnia Ltd (HAFN) CEO Mikael Opstun Skov's $8.1 million liquidation** — dumping 1,000,000 shares across two consecutive trading days. Open-market buying has effec... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/14/section16-daily-intelligence/ https://section16.online/2026/04/14/section16-daily-intelligence/ Tue, 14 Apr 2026 12:00:00 GMT As of April 14, 2026, The Section 16 Desk has identified a stark divergence in insider conviction: **Tom L. Ward**, director, officer, and 10%+ owner at **Mach Natural Resources LP (MNR)**, executed a **$2.0 million open-market purchase** of 153,256 shares at $13.05 — the single largest insider b... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/13/section16-daily-intelligence/ https://section16.online/2026/04/13/section16-daily-intelligence/ Mon, 13 Apr 2026 12:00:00 GMT As of April 13, 2026, The Section 16 Desk has identified an extraordinary day in insider conviction: $49.2 million in open-market purchases against just $353,000 in sales, producing a buy/sell ratio of 139:1 — roughly 400 times the historical average of ~0.35. Two blockbuster accumulation campaig... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/10/section16-daily-intelligence/ https://section16.online/2026/04/10/section16-daily-intelligence/ Fri, 10 Apr 2026 12:00:00 GMT As of April 10, 2026, The Section 16 Desk has identified one of the most lopsided insider days of the year: **seven Elbit Systems (ESLT) executives, led by President and CEO Bezhalel Machlis, sold a combined $61.9 million in open-market shares at $887.40 on April 9**, a price that marks the all-t... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/09/section16-daily-intelligence/ https://section16.online/2026/04/09/section16-daily-intelligence/ Thu, 09 Apr 2026 12:00:00 GMT **The most important signal today is also the quietest: only four genuine open-market purchases hit the tape against nearly $24 million in insider selling.** On a day when the S&P 500 closed at **6,782.81** after a seven-session recovery rally from 6,343, senior insiders across the US market decl... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/08/section16-daily-intelligence/ https://section16.online/2026/04/08/section16-daily-intelligence/ Wed, 08 Apr 2026 12:00:00 GMT Buy/sell ratio crashed to 0.037 — the lowest we've tracked — as insiders shunned open-market purchases while three Sea Ltd C-suite officers (COO, CPO, CCO) sold $1.9M in a synchronized 48-hour cluster. Japan Post continued reducing its Aflac stake with a $2.37M sale. AirSculpt Technologies' 10% o... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/07/section16-daily-intelligence/ https://section16.online/2026/04/07/section16-daily-intelligence/ Tue, 07 Apr 2026 12:00:00 GMT Monday's Form 4 filings paint a **decisively bearish picture** for insider sentiment, with **discretionary selling outpacing open-market purchases by a ratio of 55:1** on a dollar basis. The session's dominant narrative centers on **Snowflake Inc. (SNOW) board member Michael L. Speiser**, who exe... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/06/section16-daily-intelligence/ https://section16.online/2026/04/06/section16-daily-intelligence/ Mon, 06 Apr 2026 12:00:00 GMT **Service Properties Trust (SVC)** dominated today's open-market purchase activity with **two directors independently buying shares at $1.20** — **Donna D. Fraiche** committing **$100,000 for 83,333 shares** and **Rajan Penkar** adding **$12,000 for 10,000 shares** on the same day. While technica... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/03/section16-daily-intelligence/ https://section16.online/2026/04/03/section16-daily-intelligence/ Fri, 03 Apr 2026 12:00:00 GMT Today's Section 16 filings paint a picture of **institutional housekeeping rather than conviction signaling**, with **zero open-market purchases** across all 50 Form 4 filings — the clearest bearish-by-absence signal we've seen this week. The complete absence of code "P" transactions on a day whe... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/02/section16-daily-intelligence/ https://section16.online/2026/04/02/section16-daily-intelligence/ Thu, 02 Apr 2026 12:00:00 GMT A $5.47 million open-market purchase at Burning Rock Biotech dominates today's insider activity, while Sea Ltd executives receive coordinated equity grants. contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/04/01/section16-daily-intelligence/ https://section16.online/2026/04/01/section16-daily-intelligence/ Wed, 01 Apr 2026 12:00:00 GMT **The insider tape is flashing caution today.** With a buy/sell ratio of just **0.20** — well below the long-term historical average of **0.35** — the balance of insider conviction tilted decisively toward the sell side on April 1, 2026. Across **70 total filings** (50 Form 4s, 19 Form 3s, 1 Form... contact@section16.online (The Section 16 Desk) Section 16 Insider https://section16.online/2026/03/31/section16-daily-intelligence/ https://section16.online/2026/03/31/section16-daily-intelligence/ Tue, 31 Mar 2026 12:00:00 GMT Monday's Section 16 insider filings paint a remarkably bullish picture with a buy-to-sell ratio of 6.7x — nearly 20 times the historical 0.35 average. Open-market insider purchases totaled $4.51M, while discretionary sales came to just $669K. The disparity reflects genuine conviction: a QFIN dire... contact@section16.online (The Section 16 Desk) Section 16 Insider