Insider Trading Pulse — August 31, 2026

CEO and Chair Liu Dandan bought 2,969,692 Common Shares at $1.20 (~$3.56M), increasing holdings to 5,069,389 shares. This is the largest insider purchase by dollar value on the day and represents a massive 141% increase in the CEO's stake. The purchase price of $1.20 is near the stock's 52-week low, signaling extreme conviction in a turnaround.

Director RAKOLTA JOHN JR bought 20,000 Common Shares at $73.23 (~$1.46M), increasing holdings to 622,197 shares. This is a significant open-market purchase by a director in a REIT, a sector where insider buying is rare. The purchase at $73.23 suggests the director sees the stock as undervalued relative to its net asset value or growth prospects.

Vice Chairman, EVP and CLAO STEVERSON LEWIS A sold 13,100 Common Stock at $151.29 (~$1.98M), reducing holdings to just 15,052 shares. This represents a massive 46.5% reduction in his stake, leaving him with a minimal position. The sale at $151.29, near the stock's 52-week high, suggests the executive is taking profits aggressively.

Three top executives (President, COO, President of Garena, CCO/GC) sold a combined total of ~$2.73M in Class A ordinary shares at prices between $117-$120. All trades were executed under Rule 10b5-1 plans, but the coordinated selling by multiple C-suite members at similar price levels is a significant bearish signal, suggesting a top in the stock's recent rally.

Exec VP & General Counsel La Lande Rashida sold 7,766 Class A Common Stock at $103.32 (~$802K). This is a large sale by a senior executive at a company facing margin pressure and slowing growth. The sale at $103.32, below the stock's 52-week high, suggests the executive is reducing exposure ahead of potential further weakness.

CFO Schuetz Arthur Josef Hermann bought 15,200 Ordinary Shares at $3.23 (~$49.1K) and Director Schmid Anette bought 69,000 Ordinary Shares at $3.16 (~$218K). Combined insider buying of ~$267K at a stock price of ~$3.20 represents a strong vote of confidence from both management and the founding family. The CFO's purchase is particularly notable as it is his first reported open-market buy.

CEO Antz Christoph Rudiger bought 5,000 Ordinary Shares at $1.53 (~$7.65K) and Director Baumann Oliver Rolf bought 50,000 Ordinary Shares at $1.50 (~$75K). Combined insider buying of ~$82.7K at a stock price of ~$1.50, near the 52-week low, signals insider belief that the stock is significantly undervalued. The CEO's purchase is his first reported open-market buy.

EVP and CFO Calvert Christopher P bought 2,500 Common Stock at $56.64 (~$142K). This is a rare CFO open-market purchase in the energy sector, suggesting the CFO sees the stock as undervalued relative to its asset base and cash flow generation.

EVP & CHRO Kranich Robin B sold 3,278 Common Stock at $196.50 (~$644K). This is a large sale by a senior HR executive, which can sometimes signal internal concerns about talent retention or company culture. The sale at $196.50, near the stock's 52-week high, suggests profit-taking.

CEO Schwartz Todd G. bought 3,500 Class A Common Stock at $7.15 (~$25K). This is a CEO open-market purchase in a fintech company that has been under pressure. The purchase at $7.15, near the stock's 52-week low, signals the CEO believes the stock is undervalued.

Three top executives (President, COO, President of Garena, CCO/GC) sold a combined ~$2.73M in stock at prices between $117-$120. While under 10b5-1 plans, the coordinated selling by multiple C-suite members at similar price levels is a significant red flag, suggesting a potential top in the stock's recent rally.

Vice Chairman STEVERSON LEWIS A sold 13,100 shares at $151.29 (~$1.98M), reducing his holdings by 46.5% to just 15,052 shares. This is a massive reduction by a top executive, leaving him with a minimal stake. This suggests a lack of confidence in the stock's near-term prospects.

Exec VP & General Counsel La Lande Rashida sold 7,766 shares at $103.32 (~$802K). This is a large sale by a senior executive at a company facing margin pressure and slowing growth. The sale at $103.32, below the 52-week high, suggests the executive is reducing exposure ahead of potential further weakness.

EVP & CHRO Kranich Robin B sold 3,278 shares at $196.50 (~$644K). This is a large sale by a senior HR executive, which can sometimes signal internal concerns about talent retention or company culture. The sale at $196.50, near the 52-week high, suggests profit-taking.

President/Chief Client Officer Hadlock Terrell Shane sold 1,639 shares at $237.00 (~$388K). This is a significant sale by a top executive at a company facing competitive pressure in the HCM space. The sale at $237.00, near the 52-week high, suggests profit-taking.

Chief Accounting Officer LIU GENE sold 939 shares at $190.00 (~$178K) under a 10b5-1 plan. While under a plan, the sale at $190.00, near the 52-week high, suggests the CAO is taking profits.

CEO Larsen Brett R. sold 2,957 shares at $3.73 (~$11K) after exercising options. While the sale is small, the fact that the CEO is selling after exercising options is a bearish signal, suggesting he is monetizing his options rather than holding the stock.

Director Polak Aldo J. sold 1,000 shares at $30.09 (~$30.1K). This is a small sale, but it is a sale by a director at a company that has been under pressure.

Director Patterson Mark R sold 200 shares at $193.96 (~$38.8K). This is a small sale, but it is a sale by a director at a company that has been under pressure.

COO Malka Gabriel sold 6,500 shares at $30.00 (~$195K). This is a significant sale by a COO at a company that has been under pressure. The sale at $30.00, near the 52-week low, suggests the COO is reducing exposure.

CEO and Chair Liu Dandan bought 2,969,692 Common Shares at $1.20 (~$3.56M), increasing holdings to 5,069,389 shares. This is the largest insider purchase by dollar value on the day and represents a massive 141% increase in the CEO's stake. The purchase price of $1.20 is near the stock's 52-week low, signaling extreme conviction in a turnaround. This is a high-conviction alpha opportunity for investors willing to take a contrarian view.

Director RAKOLTA JOHN JR bought 20,000 Common Shares at $73.23 (~$1.46M), increasing holdings to 622,197 shares. This is a significant open-market purchase by a director in a REIT, a sector where insider buying is rare. The purchase at $73.23 suggests the director sees the stock as undervalued relative to its net asset value or growth prospects.

CFO Schuetz Arthur Josef Hermann bought 15,200 Ordinary Shares at $3.23 (~$49.1K) and Director Schmid Anette bought 69,000 Ordinary Shares at $3.16 (~$218K). Combined insider buying of ~$267K at a stock price of ~$3.20 represents a strong vote of confidence from both management and the founding family. The CFO's purchase is particularly notable as it is his first reported open-market buy.

CEO Antz Christoph Rudiger bought 5,000 Ordinary Shares at $1.53 (~$7.65K) and Director Baumann Oliver Rolf bought 50,000 Ordinary Shares at $1.50 (~$75K). Combined insider buying of ~$82.7K at a stock price of ~$1.50, near the 52-week low, signals insider belief that the stock is significantly undervalued. The CEO's purchase is his first reported open-market buy.

EVP and CFO Calvert Christopher P bought 2,500 Common Stock at $56.64 (~$142K). This is a rare CFO open-market purchase in the energy sector, suggesting the CFO sees the stock as undervalued relative to its asset base and cash flow generation.

CEO Schwartz Todd G. bought 3,500 Class A Common Stock at $7.15 (~$25K). This is a CEO open-market purchase in a fintech company that has been under pressure. The purchase at $7.15, near the stock's 52-week low, signals the CEO believes the stock is undervalued.

CEO & Chairman ROTH JAY W bought 1,000 Common Stock at $2.02 (~$2.02K). This is a small purchase, but it is a CEO open-market purchase at a stock price near the 52-week low.

Director LIVEK WILLIAM PAUL bought 20,000 Common Stock at $5.23 (~$105K). This is a significant open-market purchase by a director at a company that has been under pressure. The purchase at $5.23 suggests the director sees the stock as undervalued.

10% owner A-6684 Ltd. bought 5,000 Common Shares at $0.45 (~$2.25K). This is a small purchase, but it is a purchase by a 10% owner at a stock price near the 52-week low.

SVP and CFO Dosch Eric acquired 100 COMMON STOCK at $8.68 (~$868). This is a small purchase, but it is a CFO open-market purchase at a stock price near the 52-week low.

Companies like Sea Ltd, Paycom Software, Atlassian, and Criteo S.A. are seeing systematic insider selling, often under 10b5-1 plans. This suggests that management teams in growth/momentum names are taking profits after recent rallies. The coordinated selling by multiple executives at Sea Ltd is particularly notable. [IMPLICATION: Bearish for growth tech names]

Companies like TDH Holdings, SCHMID Group N.V., Veraxa Biotech, Matador Resources, and OppFi Inc. are seeing insider buying, often by CEOs and CFOs. This suggests that management teams in out-of-favor or smaller-cap names are signaling deep value. The CEO-led buying in TDH Holdings is the most extreme example. [IMPLICATION: Bullish for small-cap value names]

AGREE REALTY CORP saw a director buy $1.46M worth of stock, while DIGITAL REALTY TRUST saw a director sell $38.8K worth of stock. This suggests that insiders in REITs are divided on the outlook for the sector. The AGREE REALTY buy is particularly notable as it is a large open-market purchase. [IMPLICATION: Mixed for REITs, but bullish for AGREE REALTY]

Matador Resources Co saw a CFO buy $142K worth of stock, while no energy companies saw insider selling. This suggests that insiders in the energy sector are seeing value at current prices. [IMPLICATION: Bullish for energy sector]

ESTEE LAUDER COMPANIES INC saw a senior executive sell $802K worth of stock, while no consumer staples companies saw insider buying. This suggests that insiders in the consumer staples sector are reducing exposure. [IMPLICATION: Bearish for consumer staples sector]

OppFi Inc. saw a CEO buy $25K worth of stock, while no fintech companies saw insider selling. This suggests that insiders in the fintech sector are seeing value at current prices. [IMPLICATION: Bullish for fintech sector]

CEO bought $3.56M worth of stock at $1.20. Watch for Q3 2026 earnings report to see if the turnaround is materializing. The CEO's massive purchase suggests he expects positive news. [Date: Q3 2026 earnings]

Director bought $1.46M worth of stock at $73.23. Watch for Q3 2026 earnings report to see if the REIT's fundamentals are improving. The director's purchase suggests he expects positive news. [Date: Q3 2026 earnings]

Three top executives sold a combined ~$2.73M in stock. Watch for Q3 2026 earnings report to see if the company's growth is slowing. The coordinated selling suggests a potential top in the stock. [Date: Q3 2026 earnings]

Vice Chairman sold $1.98M worth of stock, reducing his stake by 46.5%. Watch for any guidance cuts or negative news from the company. The massive sale suggests a lack of confidence. [Date: Ongoing]

General Counsel sold $802K worth of stock. Watch for Q3 2026 earnings report to see if the company's margin pressure is worsening. The sale suggests the executive is reducing exposure. [Date: Q3 2026 earnings]

CFO and Director bought a combined ~$267K worth of stock. Watch for any positive news or contract wins from the company. The insider cluster buy suggests positive developments are expected. [Date: Ongoing]

CEO and Director bought a combined ~$82.7K worth of stock. Watch for any clinical trial updates or partnership announcements. The insider buying suggests positive developments are expected. [Date: Ongoing]

CFO bought $142K worth of stock. Watch for Q3 2026 earnings report to see if the company's cash flow is improving. The CFO's purchase suggests he sees the stock as undervalued. [Date: Q3 2026 earnings]