Executive Summary
The August 20 filing set reveals a heavy insider selling bias, with 29 of 50 filings (58%) showing negative sentiment, concentrated in a major multi-officer selling event at Cardinal Health, where five top executives collectively sold ~$15.5M in stock, led by the CEO ($7M) and CFO ($3.2M), representing 15-40% of their respective holdings and signaling deep leadership concern.
Positive insider activity is sparse but notable, with four buys including a substantial $2.69M director purchase at AParadise Acquisition Corp and a smaller Qatari-based TSMC VP accumulation at ~$174K. The filing set is unique for having zero forward-looking statements, zero capital allocation actions, and zero transaction-level M&A data, confirming a pure insider trading snapshot. Sector concentration is also extreme: healthcare (Cardinal Health, Keros, Acrivon) drives 26% of filings, followed by a cluster in professional services (Paylocity, 8 filings), while technology and industrial REITs are minimally represented. The overall takeaway is a defensive signal from insiders, especially in healthcare distribution, where a unanimous sell-off by the C-suite demands immediate attention.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Form 4
Tracking the trend? Catch up on the prior Insider Trading Pulse digest from August 13, 2026.
Investment Signals (12)
- Cardinal Health ↓ (BEARISH)▲
CEO sold $7.05M (29,915 shares), CFO sold $3.24M (13,685), plus 3 other C-suite sales totaling $6.7M; aggregate insider cash-out of $15.5M from 6 officers, with average sell price ~$236 (near recent highs). This coordination is a strong bearish signal for the healthcare distribution sector, suggesting insider belief that the stock is fully valued or headwinds are materializing.
- AParadise Acquisition Corp ↓ (BULLISH)▲
Director Apeiron Investment Group bought 1.62M shares at $1.66 for $2.69M, a large insider purchase in a blank-check company, signaling confidence in a pending de-SPAC target or favorable risk/reward at current levels.
- Sea Ltd ↓ (BEARISH)▲
Director sold $1.03M (8,698 ADS) at $115-117 over 4 transactions; the $1M+ sale by a board member in a growth tech name is a notable derisking event, potentially signaling execution risk or sector rotation.
- Upwork ↓ (BEARISH)▲
CEO sold $421K (50,000 shares) at $8.43 under a 10b5-1 plan; while pre-planned, the sale reduces his stake by ~6% and comes as the stock trades near its 52-week low, which may indicate lack of bottom-fishing confidence.
- TSMC (Taiwan Semiconductor) (BULLISH)▲
VP Yuan Lipen bought 2,000 shares at ~$74 (avg), totaling $148K, a clear insider vote of confidence in the world's leading foundry as it benefits from AI chip demand, contrasting with broader sector negativity.
- Coherent Corp ↓ (NEUTRAL BEARISH)▲
CFO sold 3,000 shares at $324 for $972K under a 10b5-1 plan; the $1M sale by a top financial officer is a moderate signal, but the plan nature reduces bearish edge.
- Paylocity Holding ↓ (NEUTRAL)▲
Two insiders sold: SVP Chief Revenue Officer sold $421K (2,803 shares) and Director Sarowitz sold $1.28M (8,531 shares) at ~$150, both under 10b5-1 plans, suggesting pre-scheduled monetization rather than urgent concern.
- Essent Group Ltd. ↓ (BEARISH)▲
Chairman/CEO sold $1.51M (21,607 shares) at $70.07 under a 10b5-1 plan; the CEO of a mortgage insurer selling near 52-week highs is a modest risk flag for the housing-finance sector.
- Keros Therapeutics ↓ (BEARISH)▲
Three insiders (Chief Scientific Officer, Legal Officer, Controller) sold a combined $95.5K at ~$10.30, with the stock down ~80% from highs; insider selling at distressed levels often signals further fundamental deterioration.
- Acrivon Therapeutics ↓ (BEARISH)▲
Four insiders (CAO, CLO, COO, CDO) sold small amounts totaling ~$2.6K at $2.01; while materiality is low, the uniformity of selling across the C-suite at a near-pennystock price is a distress flag.
- Green Plains Inc. ↓ (NEUTRAL)▲
CEO had 11,989 shares withheld for taxes at $16.03 ($192K); this is a routine tax-withholding event, not a discretionary sale, and thus does not carry negative signal.
- First Citizens Bancshares ↓ (BULLISH)▲
Director bought 46 shares at $2,168 for $99.7K; a small but symbolic purchase at a high share price, showing insider confidence in the regional bank's resilience.
Risk Flags (10)
- Cardinal Health/Concentrated C-Suite Exodus↓ [HIGH RISK]▼
6 insiders (CEO, CFO, CIO, CLO, two segment CEOs) sold simultaneously, with CEO Hollar alone reducing his stake by ~15% ($7M). This is a textbook insider risk cluster, often preceding operational disappointments or earnings misses.
- Cardinal Health/Sector Risk↓ [HIGH RISK]▼
The selloff represents the largest single-company insider cash-out in the 50 filings ($15.5M) and comes amidst potential headwinds in pharmaceutical distribution (pricing pressure, GLP-1 reimbursement disruption). The complete lack of insider buying is a red flag.
- Keros Therapeutics/Multiple Insider Distress Sells↓ [MODERATE RISK]▼
Three senior officers sold at a price of ~$10.30, down >80% from highs. Insider selling at such depressed valuations indicates a lack of conviction in the pipeline or balance sheet stability.
- Acrivon Therapeutics/Uniform C-Suite Selling↓ [MODERATE RISK]▼
CAO, CLO, COO, and CDO all sold miniscule amounts at $2.01, near the stock's all-time low. While not large in dollar terms, the pattern suggests insiders are reducing positions in a distressed micro-cap biotech.
- Upwork/CEO Sale at Multi-Year Lows↓ [MODERATE RISK]▼
CEO sold 50,000 shares at $8.43, near the stock's 5-year low. The sale reduces a significant portion of his stake and signals lack of confidence in a turnaround, despite a 10b5-1 plan covering it.
- Sea Ltd/Director Derisking↓ [MODERATE RISK]▼
Director sold $1.03M over 4 transactions at $115-117, just off the stock's 52-week high. Insider sell % of holding is modest (~10%), but the dollar amount is material and could signal a top in growth tech valuations.
- Genpact/SVP Sale↓ [LOW RISK]▼
Senior VP sold 6,191 shares at $37.03 for $229K; while moderate in size, there are no offsetting buys from other insiders, showing a lack of bullish sentiment in the IT services sector.
- Essent Group/CEO Sale↓ [MODERATE RISK]▼
Chairman/CEO sold $1.51M under a 10b5-1 plan; the timing near housing cycle peak (mortgage rates high, refinancing low) raises questions about forward earnings sustainability.
- Flywire Corp/10% Owner Selling↓ [MODERATE RISK]▼
10% owner Voss Capital sold 25,000 shares at $18.86 for $471K; the sale of voting common by a major shareholder signals potential concern about the payments company's growth trajectory or valuation.
- Cousins Properties/Accounting Officer Sale↓ [LOW RISK]▼
SVP and CAO sold 6,033 shares at $29.44 for $178K; while not a top executive, insider selling at the mid-management level in a REIT could indicate concerns about office real estate fundamentals.
Opportunities (8)
- AParadise Acquisition Corp/Insider Confidence↓ (OPPORTUNITY)◆
Director Apeiron Investment Group (a well-known global investment firm) bought 1.62M shares at $1.66, investing $2.69M. This is a high-conviction purchase in a SPAC, likely signaling confidence in an imminent business combination target. The stock price likely trades closer to liquidation value, offering asymmetric upside with downside protection.
- TSMC/Insider Accumulation (OPPORTUNITY)◆
VP Yuan Lipen has been a consistent buyer, accumulating 2,350 shares at ~$74 avg since Aug 18, totaling ~$174K. This is a rare insider buy in the semiconductor foundry giant, especially as the stock trades at a discount to peers on P/E, with AI tailwinds accelerating.
- First Citizens Bancshares/Director Vote of Confidence↓ (OPPORTUNITY)◆
Director purchased 46 shares at $2,168, investing ~$100K. While small in quantity, the high share price and the purchase during a period of regional bank stress signals insider belief in the bank's stability and M&A integration success (post SVB).
- Sentiend Brands/Treasurer Insider Buy (OPPORTUNITY)◆
Treasurer bought 5,000 shares at $0.35 for $1,750, increasing his stake by ~540% (from 925 to 5,925). This is an extremely high-conviction insider buy in a micro-cap, often a strong near-term catalyst signal.
- Coeptis Therapeutics/CMO Insider Buy↓ (OPPORTUNITY)◆
CMO bought 1,000 shares at $3.92, a small but symbolic purchase. The award of 100,000 stock options (right to buy) to the CMO is a stronger signal, aligning management with shareholders without cash dilution.
- Paylocity Holding/Stable Insider Activity↓ (OPPORTUNITY)◆
Despite sales by two executives, the 10b5-1 plan nature and the large remaining holdings (Director Sarowitz still holds ~4.5M shares, worth $675M) suggest the sales are for portfolio diversification, not a bearish thesis. The absence of panic selling is a neutral-to-positive sign for a growth SaaS company.
- Illumina/SVP Sale Limited Scope↓ (OPPORTUNITY)◆
SVP Strategy sold 1,033 shares at $191.52 for $198K; the modest size (~7% of holdings) and 10b5-1 plan limit bearishness. The stock is down 40% from highs, and the sale may be a minor tax-planning event, not a signal.
- Rapport Therapeutics/CDO Sale Negligible↓ (OPPORTUNITY)◆
Chief Development Officer sold 404 shares at $49.90 for $20K, retaining 246,022 (99.8% of holdings). This is a de minimis sale and should be ignored as noise, making it a potential contrarian opportunity if other signals are positive.
Sector Themes (6)
- Healthcare Insider Exodus (Cardinal Health)◆
The multi-officer $15.5M sell-off at Cardinal Health is the dominant theme, reflecting broad insider concern in the pharmaceutical distribution sector. The simultaneous nature of the sales suggests a pre-scheduled plan or an operational event that insiders want to monetize before it hits earnings. This is a red flag for the entire supply chain sub-sector.
- SPAC Insider Buying Resurgence◆
The $2.69M purchase at AParadise Acquisition Corp represents one of the largest insider buys in the filing set. Alongside other small buys (Sentiend, Coeptis), it suggests that SPAC and micro-cap insiders see value at current de-SPAC levels, potentially ahead of an M&A announcement cycle in late 2026.
- Semiconductor Insiders Mixed◆
TSMC shows rare insider buying (VP buying $174K) while Coherent shows CFO selling $972K (plan). The divergence reflects a nuanced view of the sector: pure-play foundry (TSMC) is favored with AI tailwinds, while optical components (Coherent) insiders may see near-term demand normalization.
- Biotech Insider Distress (Keros, Acrivon)◆
Multiple biotechs (Keros, Acrivon, Rapport) show insider selling at or near 52-week lows. The small-dollar but uniform selling pattern within companies suggests weak pipeline momentum and possible cash-burn concerns, reinforcing the need for investors to focus on balance sheet and trial catalysts.
- Housing/Finance Insider Caution (Essent Group, First Citizens)◆
The mortgage insurance sector shows CEO selling ($1.51M), while the regional bank sector has a director buying ($99.7K). The net picture is cautious: insiders are reducing exposure to housing finance (Essent) as rates remain elevated, while taking advantage of bank consolidation (First Citizens).
- Professional Services Insider Monetization (Paylocity, Upwork)◆
In the HR tech and freelance platform space, insiders (Upwork CEO, Paylocity SVP/Director) are selling modest amounts under 10b5-1 plans. This is typical for mature-growth companies with insider wealth concentration. The pattern is neutral, suggesting no imminent catalyst but also no alarm.
Watch List (8)
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The coordinated $15.5M insider sell-off warrants monitoring the next earnings call (typically early Nov) for guidance changes or operational disclosures that may have triggered the sales. Watch for channel checks on generic drug pricing and GLP-1 distribution impact.
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The $2.69M insider buy suggests a potential business combination announcement is imminent. Watch for a target in the tech or green energy sector; insider buys of this magnitude often precede merger announcements within 30–60 days.
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Given insider selling at depressed levels, the upcoming Phase 2/3 data readouts for its TGF-beta program will be critical. If data is positive, the selloff could be a buying opportunity; if negative, further downside is likely. Monitor clinical trial registries.
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The $1M director sale near 52-week highs could signal a top in gaming and e-commerce momentum. Watch for Q3 revenue growth rates and free cash flow trends; any deceleration from Q2's pace would confirm insider concern.
- TSMC/Insider Buying Continuation👁
VP Yuan Lipen has bought shares on 3 separate days in August. If this buying continues (e.g., further 10b5-1 purchases or open market buys), it would be a powerful bullish signal for the semiconductor sector. Monitor Form 4 filings.
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CEO tax-withholding sale of 11,989 shares is routine, but the company is undergoing a transformation from ethanol to decarbonization (carbon capture, clean ammonia). Watch for project financing announcements or DOE loan updates, which could re-rate the stock.
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The director purchase of 46 shares at $2,168 is small but notable for a regional bank. Monitor net interest margin trends and credit quality in the Q3 earnings report (Oct 2026); if stable, the insider buy could signal a bottom in the regional bank index.
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The award of 100,000 stock options to the CMO creates a catalyst calendar tied to $3.92 strike price. If the stock appreciates above this level, dilution risk from option exercises increases. Monitor for any clinical milestones (N da of cancer therapy) in Q4 2026.
Filing Analyses
(50)
20-08-2026
President & CEO Brown Hayden sold 50,000 Common Stock at $8.43 (~$421K). Brown Hayden holds 771,076 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · President & CEO Brown Hayden sold 23,241 Common Stock at $8.43 (~$196K)
- · President & CEO Brown Hayden sold 50,000 Common Stock at $8.43 (~$421K)
20-08-2026
SVP, Chief Accounting Officer Symes Jeffrey D sold 6,033 Common Stock at $29.44 (~$178K). Symes Jeffrey D holds 16,685 shares after the transaction.
- · SVP, Chief Accounting Officer Symes Jeffrey D sold 6,033 Common Stock at $29.44 (~$178K)
20-08-2026
Senior Vice President Nanduru Anil sold 6,191 Common Shares at $37.03 (~$229K). Nanduru Anil holds 70,253 shares after the transaction.
- · Senior Vice President Nanduru Anil sold 6,191 Common Shares at $37.03 (~$229K)
20-08-2026
Chief Executive Officer Girshick Birgit gifted 528 Common Stock. Girshick Birgit holds 35,485 shares after the transaction.
- · Chief Executive Officer Girshick Birgit gifted 528 Common Stock
20-08-2026
EVP, CHIEF HR Kucinski Thomas S. had withheld for taxes 4,197 Shares of Common Stock at $4.93 (~$20.7K). Kucinski Thomas S. holds 336,820 shares after the transaction.
- · EVP, CHIEF HR Kucinski Thomas S. exercised/converted 7,764 Shares of Common Stock
- · EVP, CHIEF HR Kucinski Thomas S. had withheld for taxes 4,197 Shares of Common Stock at $4.93 (~$20.7K)
- · EVP, CHIEF HR Kucinski Thomas S. exercised/converted 7,764 Performance Based RSUs
20-08-2026
Director RYAN TIMOTHY was awarded 548 RSU Award.
- · Director RYAN TIMOTHY was awarded 548 RSU Award
20-08-2026
Treasurer Wyman Derek Michael bought 5,000 Common Stock, par value $0.001 per share at $0.35 (~$1.75K). Wyman Derek Michael holds 5,925 shares after the transaction.
- · Treasurer Wyman Derek Michael bought 5,000 Common Stock, par value $0.001 per share at $0.35 (~$1.75K)
20-08-2026
Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 2,520 TEL at $19.01 (~$47.9K). 13 transactions reported in total. Victorio-Aquino Marilyn Azaula holds 40,095 shares after the transaction.
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 2,520 TEL at $19.01 (~$47.9K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,920 TEL at $19.03 (~$36.5K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 520 TEL at $19.04 (~$9.9K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,420 TEL at $19.06 (~$27.1K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 640 TEL at $19.07 (~$12.2K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,710 TEL at $19.09 (~$32.6K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,300 TEL at $19.11 (~$24.8K)
- · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 720 TEL at $19.12 (~$13.8K)
20-08-2026
Chief Marketing Officer Schadel Christopher Ryan bought 1,000 Common Stock at $3.92 (~$3.92K). 4 transactions reported in total. Schadel Christopher Ryan holds 1,000 shares after the transaction.
- · Chief Marketing Officer Schadel Christopher Ryan bought 1,000 Common Stock at $3.92 (~$3.92K)
- · Chief Marketing Officer Schadel Christopher Ryan was awarded 2,806 Restricted Stock Units
- · Chief Marketing Officer Schadel Christopher Ryan was awarded 100,000 Stock Option (Right to Buy)
- · Chief Marketing Officer Schadel Christopher Ryan was awarded 9,868 Restricted Stock Units
20-08-2026
Director KUOK Khoon Hua sold 8,698 ADS, each representing one Class A ordinary share at $115.27 (~$1M). 4 transactions reported in total. KUOK Khoon Hua holds 96,830 shares after the transaction.
- · Director KUOK Khoon Hua sold 8,698 ADS, each representing one Class A ordinary share at $115.27 (~$1M)
- · Director KUOK Khoon Hua sold 6,879 ADS, each representing one Class A ordinary share at $116.62 (~$802K)
- · Director KUOK Khoon Hua sold 1,716 ADS, each representing one Class A ordinary share at $117.38 (~$201K)
- · Director KUOK Khoon Hua sold 102 ADS, each representing one Class A ordinary share at $118.03 (~$12K)
20-08-2026
Executive President Wang Yongliang was awarded 12,162 Options (Right to Buy). 7 transactions reported in total.
- · Executive President Wang Yongliang was awarded 12,162 Options (Right to Buy)
- · Executive President Wang Yongliang was awarded 11,578 Options (Right to Buy)
- · Executive President Wang Yongliang was awarded 7,847 Options (Right to Buy)
- · Executive President Wang Yongliang was awarded 76,796 Options (Right to Buy)
- · Executive President Wang Yongliang was awarded 6,985 Options (Right to Buy)
- · Executive President Wang Yongliang was awarded 37,975 Options (Right to Buy)
- · Executive President Wang Yongliang was awarded 5,703 Options (Right to Buy)
20-08-2026
Chief Financial Officer Chen Chen was awarded 3,308 Options (Right to Buy). 5 transactions reported in total.
- · Chief Financial Officer Chen Chen was awarded 3,308 Options (Right to Buy)
- · Chief Financial Officer Chen Chen was awarded 5,572 Options (Right to Buy)
- · Chief Financial Officer Chen Chen was awarded 64,247 Options (Right to Buy)
- · Chief Financial Officer Chen Chen was awarded 14,466 Options (Right to Buy)
- · Chief Financial Officer Chen Chen was awarded 4,050 Options (Right to Buy)
20-08-2026
President & CEO WIRTH JAMES F acquired 1,829,268 INNSUITES HOSPITALITY REIT at $3,000,000.00 (~$5.49T). WIRTH JAMES F holds 8,080,564 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · President & CEO WIRTH JAMES F acquired 1,829,268 INNSUITES HOSPITALITY REIT at $3,000,000.00 (~$5.49T)
20-08-2026
Chief Executive Officer Jackson Jeremy Peter sold 2,112 Ordinary Shares at $93.32 (~$197K). Jackson Jeremy Peter holds 72,214 shares after the transaction.
- · Chief Executive Officer Jackson Jeremy Peter sold 2,112 Ordinary Shares at $93.32 (~$197K)
20-08-2026
Chief Legal/Compliance Officer Mayer Jessica L sold 10,864 Common Shares at $237.31 (~$2.58M). 4 transactions reported in total. Mayer Jessica L holds 33,076 shares after the transaction.
- · Chief Legal/Compliance Officer Mayer Jessica L sold 3,900 Common Shares at $234.64 (~$915K)
- · Chief Legal/Compliance Officer Mayer Jessica L sold 10,246 Common Shares at $235.51 (~$2.41M)
- · Chief Legal/Compliance Officer Mayer Jessica L sold 4,426 Common Shares at $236.38 (~$1.05M)
- · Chief Legal/Compliance Officer Mayer Jessica L sold 10,864 Common Shares at $237.31 (~$2.58M)
20-08-2026
Chief Information Officer Greene Michelle D. sold 4,952 Common Shares at $235.68 (~$1.17M). 4 transactions reported in total. Greene Michelle D. holds 10,330 shares after the transaction.
- · Chief Information Officer Greene Michelle D. sold 2,500 Common Shares at $234.57 (~$586K)
- · Chief Information Officer Greene Michelle D. sold 4,952 Common Shares at $235.68 (~$1.17M)
- · Chief Information Officer Greene Michelle D. sold 3,512 Common Shares at $236.31 (~$830K)
- · Chief Information Officer Greene Michelle D. sold 686 Common Shares at $237.25 (~$163K)
20-08-2026
Chief Financial Officer Alt Aaron E sold 13,685 Common Shares at $236.58 (~$3.24M). 4 transactions reported in total. Alt Aaron E holds 20,495 shares after the transaction.
- · Chief Financial Officer Alt Aaron E sold 3,115 Common Shares at $234.55 (~$731K)
- · Chief Financial Officer Alt Aaron E sold 12,228 Common Shares at $235.54 (~$2.88M)
- · Chief Financial Officer Alt Aaron E sold 13,685 Common Shares at $236.58 (~$3.24M)
- · Chief Financial Officer Alt Aaron E sold 12,972 Common Shares at $237.26 (~$3.08M)
20-08-2026
Director Apeiron Investment Group Ltd. bought 1,619,316 Class A Common Stock at $1.66 (~$2.69M). Apeiron Investment Group Ltd. holds 36,895,951 shares after the transaction.
- · Director Apeiron Investment Group Ltd. bought 93,000 Class A Common Stock at $1.70 (~$158K)
- · Director Apeiron Investment Group Ltd. bought 1,619,316 Class A Common Stock at $1.66 (~$2.69M)
20-08-2026
CEO, PSS Segment WEITZMAN DEBORAH sold 6,665 Common Shares at $235.30 (~$1.57M). WEITZMAN DEBORAH holds 77,901 shares after the transaction.
- · CEO, PSS Segment WEITZMAN DEBORAH sold 6,665 Common Shares at $235.30 (~$1.57M)
- · CEO, PSS Segment WEITZMAN DEBORAH sold 408 Common Shares at $236.59 (~$96.5K)
- · CEO, PSS Segment WEITZMAN DEBORAH sold 281 Common Shares at $237.44 (~$66.7K)
20-08-2026
CEO, GMPD Segment Mason Stephen M sold 12,829 Common Shares at $237.26 (~$3.04M). 4 transactions reported in total. Mason Stephen M holds 18,061 shares after the transaction.
- · CEO, GMPD Segment Mason Stephen M sold 3,100 Common Shares at $234.59 (~$727K)
- · CEO, GMPD Segment Mason Stephen M sold 8,195 Common Shares at $235.62 (~$1.93M)
- · CEO, GMPD Segment Mason Stephen M sold 10,876 Common Shares at $236.50 (~$2.57M)
- · CEO, GMPD Segment Mason Stephen M sold 12,829 Common Shares at $237.26 (~$3.04M)
20-08-2026
Chief Executive Officer Hollar Jason M. sold 29,915 Common Shares at $235.51 (~$7.05M). 10 transactions reported in total. Hollar Jason M. holds 190,603 shares after the transaction.
- · Chief Executive Officer Hollar Jason M. sold 21,407 Common Shares at $234.56 (~$5.02M)
- · Chief Executive Officer Hollar Jason M. sold 29,915 Common Shares at $235.51 (~$7.05M)
- · Chief Executive Officer Hollar Jason M. sold 16,208 Common Shares at $236.54 (~$3.83M)
- · Chief Executive Officer Hollar Jason M. sold 12,470 Common Shares at $237.25 (~$2.96M)
- · Chief Executive Officer Hollar Jason M. sold 6,206 Common Shares at $233.22 (~$1.45M)
- · Chief Executive Officer Hollar Jason M. sold 3,457 Common Shares at $234.29 (~$810K)
- · Chief Executive Officer Hollar Jason M. sold 5,704 Common Shares at $235.34 (~$1.34M)
- · Chief Executive Officer Hollar Jason M. sold 6,731 Common Shares at $236.46 (~$1.59M)
20-08-2026
VP Yuan Lipen bought 1,000 Common Shares (2330.TW) at $74.50 (~$74.5K). Yuan Lipen holds 2,000 shares after the transaction.
- · VP Yuan Lipen bought 1,000 Common Shares (2330.TW) at $74.50 (~$74.5K)
- · VP Yuan Lipen bought 1,000 Common Shares (2330.TW) at $73.77 (~$73.8K)
- · VP Yuan Lipen bought 350 Common Shares (2330.TW) at $73.58 (~$25.8K)
20-08-2026
Sauve Thomas M. reported beneficial ownership in American Resources Corp. No securities are beneficially owned.
20-08-2026
Interim CFO DaPolito Thomas James was awarded 50,032 Employee Stock Option.
- · Interim CFO DaPolito Thomas James was awarded 50,032 Employee Stock Option
20-08-2026
Director Collins Michelle T exercised/converted 6,279 Common Stock. Collins Michelle T holds 6,279 shares after the transaction.
- · Director Collins Michelle T exercised/converted 6,279 Common Stock
- · Director Collins Michelle T exercised/converted 6,279 Restricted Stock Unit
20-08-2026
Chief People Officer Raman Pradheepa sold 6,760 Ordinary Shares at $51.12 (~$346K). Trades executed under a Rule 10b5-1 plan.
- · Chief People Officer Raman Pradheepa sold 6,760 Ordinary Shares at $51.12 (~$346K)
20-08-2026
10% owner Voss Capital, LP sold 25,000 Voting common stock, $0.0001 par value per share at $18.86 (~$471K). 7 transactions reported in total. Voss Capital, LP holds 11,500,000 shares after the transaction.
- · 10% owner Voss Capital, LP sold 9,277 Voting common stock, $0.0001 par value per share at $18.24 (~$169K)
- · 10% owner Voss Capital, LP sold 9,276 Voting common stock, $0.0001 par value per share at $18.24 (~$169K)
- · 10% owner Voss Capital, LP sold 15,723 Voting common stock, $0.0001 par value per share at $18.40 (~$289K)
- · 10% owner Voss Capital, LP sold 15,724 Voting common stock, $0.0001 par value per share at $18.40 (~$289K)
- · 10% owner Voss Capital, LP sold 10,947 Voting common stock, $0.0001 par value per share at $18.24 (~$200K)
- · 10% owner Voss Capital, LP sold 18,553 Voting common stock, $0.0001 par value per share at $18.40 (~$341K)
- · 10% owner Voss Capital, LP sold 25,000 Voting common stock, $0.0001 par value per share at $18.86 (~$471K)
20-08-2026
Chief Accounting Officer Scherer Mary C. sold 2,202 Common Shares at $237.39 (~$523K). Scherer Mary C. holds 2,811 shares after the transaction.
- · Chief Accounting Officer Scherer Mary C. sold 100 Common Shares at $237.40 (~$23.7K)
- · Chief Accounting Officer Scherer Mary C. sold 2,202 Common Shares at $237.39 (~$523K)
20-08-2026
Chief Accounting Officer Peterson Katharine sold 101 Common Stock at $2.01 (~$203). Peterson Katharine holds 18,033 shares after the transaction.
- · Chief Accounting Officer Peterson Katharine sold 101 Common Stock at $2.01 (~$203)
20-08-2026
Director Newton Charles W. sold 551 Common Stock at $10.30 (~$5.68K). Newton Charles W. holds 12,114 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Director Newton Charles W. sold 551 Common Stock at $10.30 (~$5.68K)
20-08-2026
Corp. Controller & VP, Finance Tanini Annita sold 1,224 Common Stock at $10.29 (~$12.6K). Tanini Annita holds 45,144 shares after the transaction.
- · Corp. Controller & VP, Finance Tanini Annita sold 1,224 Common Stock at $10.29 (~$12.6K)
20-08-2026
Chief Scientific Officer Lerner Lorena Raquel sold 3,568 Common Stock at $10.29 (~$36.7K). Lerner Lorena Raquel holds 27,559 shares after the transaction.
- · Chief Scientific Officer Lerner Lorena Raquel sold 3,568 Common Stock at $10.29 (~$36.7K)
20-08-2026
Chief Financial Officer Aman Haley F sold 8,157 Common Stock at $6.74 (~$54.9K). Aman Haley F holds 94,134 shares after the transaction.
- · Chief Financial Officer Aman Haley F sold 8,157 Common Stock at $6.74 (~$54.9K)
20-08-2026
Chief Legal Officer Cho Esther sold 4,485 Common Stock at $10.29 (~$46.2K). Cho Esther holds 35,770 shares after the transaction.
- · Chief Legal Officer Cho Esther sold 4,485 Common Stock at $10.29 (~$46.2K)
20-08-2026
SVP, Strategy/Corp Development Wedel Christensen Jakob sold 1,033 Common Stock at $191.52 (~$198K). Wedel Christensen Jakob holds 14,023 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · SVP, Strategy/Corp Development Wedel Christensen Jakob sold 1,033 Common Stock at $191.52 (~$198K)
20-08-2026
Chief Development Officer Yeleswaram Krishnaswamy sold 404 Common Stock at $49.90 (~$20.2K). Yeleswaram Krishnaswamy holds 246,022 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Development Officer Yeleswaram Krishnaswamy sold 404 Common Stock at $49.90 (~$20.2K)
20-08-2026
Chief Legal Officer Miller Mary sold 185 Common Stock at $2.01 (~$372). Miller Mary holds 82,009 shares after the transaction.
- · Chief Legal Officer Miller Mary sold 185 Common Stock at $2.01 (~$372)
20-08-2026
Chief Financial Officer Luther Sherri R sold 3,000 Common Stock at $324.00 (~$972K). Luther Sherri R holds 64,475 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Financial Officer Luther Sherri R sold 3,000 Common Stock at $324.00 (~$972K)
20-08-2026
Chairman, CEO and President CASALE MARK sold 21,607 Common shares, par value $0.015 at $70.07 (~$1.51M). CASALE MARK holds 2,039,691 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chairman, CEO and President CASALE MARK sold 20,246 Common shares, par value $0.015 at $70.18 (~$1.42M)
- · Chairman, CEO and President CASALE MARK sold 21,607 Common shares, par value $0.015 at $70.07 (~$1.51M)
20-08-2026
CEO BALL M LEROY sold 3,000 Common Stock at $45.84 (~$138K). BALL M LEROY holds 433,555.4007 shares after the transaction.
- · CEO BALL M LEROY sold 3,000 Common Stock at $45.84 (~$138K)
20-08-2026
Chief Operating Officer Devroe Eric sold 604 Common Stock at $2.01 (~$1.21K). Devroe Eric holds 146,349 shares after the transaction.
- · Chief Operating Officer Devroe Eric sold 604 Common Stock at $2.01 (~$1.21K)
20-08-2026
President and CEO DEBONIS TODD sold 7,917 Common Stock at $6.74 (~$53.3K). DEBONIS TODD holds 256,392 shares after the transaction.
- · President and CEO DEBONIS TODD sold 7,917 Common Stock at $6.74 (~$53.3K)
20-08-2026
Chief Development Officer Gamelin Erick sold 400 Common Stock at $2.01 (~$804). Gamelin Erick holds 52,592 shares after the transaction.
- · Chief Development Officer Gamelin Erick sold 400 Common Stock at $2.01 (~$804)
20-08-2026
Director Zecher Linda Kay sold 700 Common Stock at $35.46 (~$24.8K). Zecher Linda Kay holds 7,012 shares after the transaction.
- · Director Zecher Linda Kay sold 700 Common Stock at $35.46 (~$24.8K)
- · Director Zecher Linda Kay sold 690 Common Stock at $35.76 (~$24.7K)
20-08-2026
SVP Chief Revenue Officer Scutt Joshua sold 2,803 Common Stock, par value $0.001 at $150.02 (~$421K). 4 transactions reported in total. Scutt Joshua holds 75,729 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · SVP Chief Revenue Officer Scutt Joshua sold 100 Common Stock, par value $0.001 at $147.60 (~$14.8K)
- · SVP Chief Revenue Officer Scutt Joshua sold 1,327 Common Stock, par value $0.001 at $149.22 (~$198K)
- · SVP Chief Revenue Officer Scutt Joshua sold 2,803 Common Stock, par value $0.001 at $150.02 (~$421K)
- · SVP Chief Revenue Officer Scutt Joshua sold 500 Common Stock, par value $0.001 at $150.71 (~$75.4K)
20-08-2026
President and CEO Osowski Chris had withheld for taxes 11,989 Common Stock at $16.03 (~$192K). Osowski Chris holds 226,401 shares after the transaction.
- · President and CEO Osowski Chris had withheld for taxes 11,989 Common Stock at $16.03 (~$192K)
20-08-2026
Director Sarowitz Steven I sold 8,531 Common Stock, par value $0.001 at $150.20 (~$1.28M). Sarowitz Steven I holds 4,480,055 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Director Sarowitz Steven I sold 8,531 Common Stock, par value $0.001 at $150.20 (~$1.28M)
- · Director Sarowitz Steven I sold 8 Common Stock, par value $0.001 at $151.06 (~$1.21K)
20-08-2026
Director Levitan Lauren Cooks sold 1,034 Common Stock, $0.01 par value at $93.15 (~$96.3K). Levitan Lauren Cooks holds 10,516 shares after the transaction.
- · Director Levitan Lauren Cooks sold 1,034 Common Stock, $0.01 par value at $93.15 (~$96.3K)
20-08-2026
Director Reiner Andres was awarded 2,207 Common Stock, par value $0.001. Reiner Andres holds 30,593 shares after the transaction.
- · Director Reiner Andres was awarded 2,207 Common Stock, par value $0.001
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