Name: Insider Trading Pulse — October 29, 2026
Creator: Gunpowder
Published: 2026-10-30T01:06:24.413Z
License: https://www.gunpowderalerts.com/terms

50 high priority 50 total filings analysed

Executive Summary

Today's insider activity reveals a stark divergence in sentiment: while financials and small-cap healthcare saw notable insider buying, large-cap technology and consumer names experienced significant selling. The most prominent transaction was Capital One's CEO Richard Fairbank selling $9.48M in stock under a 10b5-1 plan, following option exercises, which, while pre-planned, signals potential valuation concerns.

Conversely, Truist's CEO Michael Lyons purchased $1.21M in shares, demonstrating confidence in the banking sector's outlook. A wave of option exercises and sales at Sea Ltd by multiple executives, including the COO and CCO, suggests profit-taking after a strong run. Cloopen Group saw a series of disposals to the issuer by executives, likely related to tax withholding or compensation arrangements, rather than open-market sales. Overall, the day's filings show a mix of routine compensation-related transactions and strategic portfolio adjustments, with a clear tilt toward selling in high-valuation tech and buying in value-oriented financials.

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 October 22, 2026.

Investment Signals (12)

Truist Financial (TFC) (BULLISH)
▲

CEO Michael P. Lyons bought 25,000 shares at $48.36 (~$1.21M), the largest open-market purchase among financials today, signaling strong confidence in the bank's prospects
Agora (API) (BULLISH)
▲

CEO Zhao Bin bought 9,549 ADS at $4.47 (~$42.7K) under a 10b5-1 plan, indicating continued insider accumulation at current levels
Actuate Therapeutics (ACTU) (BULLISH)
▲

CEO Daniel Schmitt bought 140,844 shares at $0.36 (~$50K) plus 70,422 warrants, a significant increase in ownership, suggesting belief in the company's pipeline
Bank First (BFC) (BULLISH)
▲

Director Todd Sprang bought 400 shares at $148.37 (~$59.3K), a modest but notable purchase given the stock's high price
Shore Bancshares (SHBI) (BULLISH)
▲

Director John Lamon bought 338 shares at $22.94 (~$7.75K), adding to his holdings
Oak Valley Bancorp (OVLY) ↓ (BULLISH)
▲

Director Daniel Leonard bought 125 shares at $34.37 (~$4.3K) under a 10b5-1 plan, a small but consistent accumulation
Capital One (COF) (BEARISH)
▲

CEO Richard Fairbank sold 46,845 shares at $202.32 (~$9.48M) and 37,025 shares at $203.29 (~$7.53M) under a 10b5-1 plan, following option exercises; while pre-planned, the size is notable
Sea Ltd (SE) ↓ (BEARISH)
▲

COO Ye Gang exercised 1.65M options at $15 and sold shares; CCO Wang Yanjun sold 800 shares at ~$75; CPO Chen Jingye exercised 200K options; multiple insiders exercising and selling suggests potential peak valuation
Radware (RDWR) (BEARISH)
▲

CTO Aviv David Meleh sold 7,500 shares at $36.28 (~$272K) and Chief People Officer Rivkah Goldriech sold 24,177 shares at $34.66 (~$838K), indicating insider selling pressure
Vesta Real Estate (VTMX) (BEARISH)
▲

CFO Juan Felipe Sottil Achutegui sold 313,839 shares at $3.64 (~$1.14M), a large disposal relative to holdings
Group 1 Automotive (GPI) (BEARISH)
▲

SVP and Chief Legal Officer Gillian Hobson sold 2,000 shares at $258.24 (~$516K), a significant sale
NASDAQ (NDAQ) (BEARISH)
▲

EVP and CIO Bradley Peterson sold 3,987 shares at $104.75 (~$418K), a notable sale

Risk Flags (10)

Cloopen Group (RAAS) [HIGH RISK]
▼

Multiple executives, including the CEO and CFO, disposed of large blocks of shares to the issuer (e.g., CEO Sun Changxun disposed 2M Class A and 25.6M Class B shares), which may indicate tax withholding or compensation-related sales, but the volume is high
Sea Ltd (SE)↓ [HIGH RISK]
▼

Three top executives exercised options and sold shares on the same day, which could signal a coordinated exit or belief that shares are fully valued
Capital One (COF) [HIGH RISK]
▼

CEO sold nearly $17M in stock over two transactions, albeit under a 10b5-1 plan; such large sales by the CEO can be a negative signal
Radware (RDWR) [HIGH RISK]
▼

Two senior officers sold shares, with the Chief People Officer selling ~38% of her holdings (24,177 shares) after receiving an award, which may indicate lack of confidence
Vesta Real Estate (VTMX) [HIGH RISK]
▼

CFO sold 313,839 shares, reducing his holdings by 25%, a significant reduction
Santech Holdings (STEC) [HIGH RISK]
▼

Director Gallo Joel Adalberto sold 633 shares at $14.42 and 450 shares at $14.03, completely liquidating his position (holds 633 shares after, but those may be restricted)
Trident Digital Tech (TDTH) [MEDIUM RISK]
▼

CFO Haiyan Huang disposed of 59,198 shares of Eastwave Family Limited at $0.65, while acquiring 59,198 shares of Huang Haiyan; this appears to be a transfer between entities, but the nature is unclear
Prothena (PRTA) [MEDIUM RISK]
▼

10% owner William Scully gifted 566,444 shares, which could be for estate planning but may also signal a lack of confidence
Chegg (CHGG) [HIGH RISK]
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CEO Dan Rosensweig had 198,279 shares withheld for taxes at $0.70, indicating a very low stock price and potential financial distress
Visium Technologies (VISM) [HIGH RISK]
▼

CFO Mark Burdon reported 31 transactions, including purchases and awards, but the stock trades at $0.28, indicating micro-cap risk

Opportunities (10)

Truist Financial (TFC) (OPPORTUNITY)
◆

CEO's $1.21M purchase may signal undervaluation; watch for potential turnaround in banking sector
Agora (API) (OPPORTUNITY)
◆

CEO's continued buying under 10b5-1 plan at ~$4.47 could indicate a bottom; monitor for further insider purchases
Actuate Therapeutics (ACTU) (OPPORTUNITY)
◆

CEO's $50K purchase and warrants acquisition at $0.36 could be a strong vote of confidence; small-cap biotech with potential catalysts
Bank First (BFC) (OPPORTUNITY)
◆

Director purchase at $148.37, a high price, may reflect confidence in the bank's growth prospects
Shore Bancshares (SHBI) (OPPORTUNITY)
◆

Director purchase at $22.94 adds to bullish sentiment in small banks
Oak Valley Bancorp (OVLY)↓ (OPPORTUNITY)
◆

Director's 10b5-1 purchase at $34.37 suggests systematic accumulation
Sea Ltd (SE)↓ (OPPORTUNITY)
◆

Despite insider selling, the exercises at $15 and sales at ~$75 indicate strong stock performance; if fundamentals remain strong, pullback may be buying opportunity
Radware (RDWR) (OPPORTUNITY)
◆

Insider selling may create a buying opportunity if the company's fundamentals are intact; watch for stabilization
Capital One (COF) (OPPORTUNITY)
◆

CEO's sale under 10b5-1 plan may be routine; if stock dips, could be a buying opportunity given strong financials
Cloopen Group (RAAS) (OPPORTUNITY)
◆

Disposals to the issuer may be tax-related; if stock is depressed, could be a contrarian play

Sector Themes (6)

Banking Sector Insider Buying (BULLISH)
◆

4 bank executives (Truist, Bank First, Shore Bancshares, Oak Valley) purchased shares, suggesting confidence in the sector's outlook amid interest rate environment
Technology Sector Insider Selling (BEARISH)
◆

Executives at Sea Ltd, Radware, NASDAQ, and Capital One (financial tech) sold shares, indicating potential valuation concerns in tech
Compensation-Related Dispositions (NEUTRAL)
◆

Cloopen Group and other companies saw shares disposed to the issuer for tax withholding, which are not open-market sales and may not reflect sentiment
Small-Cap Insider Activity (BULLISH)
◆

Actuate Therapeutics, Visium Technologies, and MDWerks saw insider buying or awards, suggesting confidence in small-cap growth stories
Option Exercises and Sales (NEUTRAL)
◆

Sea Ltd and Capital One executives exercised options and sold shares, a common pattern when stock prices are high
Director Awards (NEUTRAL)
◆

Multiple companies (Wolfspeed, ThredUp, Mercury Systems) granted stock awards to directors, which is routine but can dilute shareholders

Watch List (8)

Truist Financial (TFC)
👁

Monitor for follow-up insider purchases and Q4 earnings for confirmation of CEO's bullish stance; earnings date not provided
Sea Ltd (SE)↓
👁

Watch for further insider sales and Q3 earnings; if more executives sell, could signal peak; earnings date not provided
Capital One (COF)
👁

CEO's 10b5-1 plan sales may continue; monitor for additional transactions and Q3 earnings; earnings date not provided
Agora (API)
👁

CEO's 10b5-1 buying plan may continue; watch for next purchase and Q3 earnings; earnings date not provided
Actuate Therapeutics (ACTU)
👁

Small-cap biotech with CEO buying; watch for clinical trial updates or partnerships; no date provided
Cloopen Group (RAAS)
👁

Disposals to issuer may be followed by other insiders; monitor for open-market sales; no date provided
Radware (RDWR)
👁

Insider selling may continue; watch for Q3 earnings and guidance; earnings date not provided
Vesta Real Estate (VTMX)
👁

CFO's large sale may be followed by others; monitor for additional transactions; no date provided

Filing Analyses (50)

Cloopen Group Holding Ltd 4 neutral materiality 5/10

29-10-2026

Director Zhao Jutao disposed to the issuer 2,372 American depositary shares.

· Director Zhao Jutao disposed to the issuer 2,372 American depositary shares

REPUBLIC BANCORP INC /KY/ 4 neutral materiality 3/10

29-10-2026

Director Trager Kusman Andrew was awarded 10 Class A Common Stock at $92.11 (~$921). Trager Kusman Andrew holds 1,740.107 shares after the transaction.

· Director Trager Kusman Andrew was awarded 10 Class A Common Stock at $92.11 (~$921)

Sea Ltd 4 neutral materiality 8/10

29-10-2026

COO Ye Gang exercised/converted 1,650,000 Class A ordinary shares at $15.00 (~$24.8M). Ye Gang holds 22,046,405 shares after the transaction.

· COO Ye Gang exercised/converted 1,650,000 Class A ordinary shares at $15.00 (~$24.8M)
· COO Ye Gang exercised/converted 1,650,000 Share options (right to buy)

Victory Capital Holdings, Inc. 4 neutral materiality 3/10

29-10-2026

Director Amundi disposed to the issuer 100,000 Common Stock. Amundi holds 2,854,924 shares after the transaction.

· Director Amundi disposed to the issuer 100,000 Common Stock
· Director Amundi was awarded 100,000 Preferred Stock

Cloopen Group Holding Ltd 4 neutral materiality 5/10

29-10-2026

Director Gao Ziguang disposed to the issuer 36,666 American depositary shares.

· Director Gao Ziguang disposed to the issuer 36,666 American depositary shares

Santech Holdings Ltd 4 negative materiality 6/10

29-10-2026

Director Gallo Joel Adalberto sold 633 Ordinary Shares at $14.42 (~$9.12K). Gallo Joel Adalberto holds 633 shares after the transaction.

· Director Gallo Joel Adalberto sold 450 Ordinary Shares at $14.03 (~$6.31K)
· Director Gallo Joel Adalberto sold 633 Ordinary Shares at $14.42 (~$9.12K)

Trident Digital Tech Holdings Ltd 4 neutral materiality 5/10

29-10-2026

Chief Financial Officer HAIYAN HUANG disposed of 59,198 Eastwave Family Limited at $0.65 (~$38.4K). HAIYAN HUANG holds 59,198 shares after the transaction.

· Chief Financial Officer HAIYAN HUANG disposed of 59,198 Eastwave Family Limited at $0.65 (~$38.4K)
· Chief Financial Officer HAIYAN HUANG acquired 59,198 Huang Haiyan at $0.65 (~$38.4K)

Sea Ltd 4 negative materiality 6/10

29-10-2026

CCO and GC Wang Yanjun exercised/converted 300,000 Class A ordinary shares at $15.00 (~$4.5M). 6 transactions reported in total. Wang Yanjun holds 71,180 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

· CCO and GC Wang Yanjun exercised/converted 300,000 Class A ordinary shares at $15.00 (~$4.5M)
· CCO and GC Wang Yanjun sold 708 Class A ordinary shares at $74.69 (~$52.9K)
· CCO and GC Wang Yanjun sold 92 Class A ordinary shares at $75.22 (~$6.92K)
· CCO and GC Wang Yanjun sold 524 Class A ordinary shares at $74.47 (~$39K)
· CCO and GC Wang Yanjun sold 276 Class A ordinary shares at $75.12 (~$20.7K)
· CCO and GC Wang Yanjun exercised/converted 300,000 Share options (right to buy)

Sea Ltd 4 neutral materiality 5/10

29-10-2026

CPO, Shopee Chen Jingye exercised/converted 200,000 Class A ordinary shares at $15.00 (~$3M). Chen Jingye holds 9,476,574 shares after the transaction.

· CPO, Shopee Chen Jingye exercised/converted 200,000 Class A ordinary shares at $15.00 (~$3M)
· CPO, Shopee Chen Jingye exercised/converted 200,000 Share options (right to buy)

WOLFSPEED, INC. 4 neutral materiality 5/10

29-10-2026

Director HOU HONG Q was awarded 7,415 COMMON STOCK. HOU HONG Q holds 39,147 shares after the transaction.

· Director HOU HONG Q was awarded 7,415 COMMON STOCK

Cloopen Group Holding Ltd 4 neutral materiality 5/10

29-10-2026

Chief Financial Officer Li Yipeng disposed to the issuer 2,800,000 Class A ordinary shares.

· Chief Financial Officer Li Yipeng disposed to the issuer 2,800,000 Class A ordinary shares

Cloopen Group Holding Ltd 4 neutral materiality 5/10

29-10-2026

Director Luo Cheng disposed to the issuer 120,000 Class A ordinary shares. 4 transactions reported in total.

· Director Luo Cheng disposed to the issuer 120,000 Class A ordinary shares
· Director Luo Cheng disposed to the issuer 280,000 Class A ordinary shares
· Director Luo Cheng disposed to the issuer 450,000 Restricted Share Units
· Director Luo Cheng disposed to the issuer 1,050,000 Restricted Share Units

Cloopen Group Holding Ltd 4 neutral materiality 6/10

29-10-2026

Chief Executive Officer Sun Changxun disposed to the issuer 2,000,000 Class A ordinary shares.

· Chief Executive Officer Sun Changxun disposed to the issuer 2,000,000 Class A ordinary shares
· Chief Executive Officer Sun Changxun disposed to the issuer 25,649,839 Class B ordinary shares

Cloopen Group Holding Ltd 4 neutral materiality 4/10

29-10-2026

CPO, CTO Xiong Xiegang disposed to the issuer 363,225 Class A ordinary shares. 6 transactions reported in total.

· CPO, CTO Xiong Xiegang disposed to the issuer 363,225 Class A ordinary shares
· CPO, CTO Xiong Xiegang disposed to the issuer 847,525 Class A ordinary shares
· CPO, CTO Xiong Xiegang disposed to the issuer 300,000 Options
· CPO, CTO Xiong Xiegang disposed to the issuer 700,000 Options
· CPO, CTO Xiong Xiegang disposed to the issuer 300,000 Restricted Share Units
· CPO, CTO Xiong Xiegang disposed to the issuer 700,000 Restricted Share Units

Cloopen Group Holding Ltd 4 neutral materiality 5/10

29-10-2026

Director Yuan Pengfei disposed to the issuer 245,000 Class A ordinary shares.

· Director Yuan Pengfei disposed to the issuer 245,000 Class A ordinary shares
· Director Yuan Pengfei disposed to the issuer 120,000 Restricted Share Units
· Director Yuan Pengfei disposed to the issuer 280,000 Restricted Share Units

MDWerks, Inc. 4 neutral materiality 4/10

29-10-2026

Director Milner Roy Monroe was awarded 148,401 Common Stock at $0.07 (~$10K). Milner Roy Monroe holds 445,751 shares after the transaction.

· Director Milner Roy Monroe was awarded 148,401 Common Stock at $0.07 (~$10K)

Agora, Inc. 4 positive materiality 3/10

29-10-2026

Chief Executive Officer Zhao Bin bought 9,549 ADS at $4.47 (~$42.7K). Zhao Bin holds 2,234,882 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

· Chief Executive Officer Zhao Bin bought 3,000 ADS at $4.47 (~$13.4K)
· Chief Executive Officer Zhao Bin bought 9,549 ADS at $4.47 (~$42.7K)