Executive Summary
The 50 filings reveal a predominance of routine insider transactions—mostly stock awards and tax-withholding sales—with limited directional signals. Notable insider selling includes a $17.7M sale by an Airbnb director and a $2.04M sale by Precigen's CEO, both under 10b5-1 plans, suggesting pre-planned diversification rather than bearish conviction.
On the buying side, GitLab's CEO made a modest $123K open-market purchase, a potential bullish signal. The data shows no significant period-over-period trends or guidance changes, as most filings lack forward-looking statements. Capital allocation activity is absent, with no dividends, buybacks, or M&A reported. Overall, the insider trading pulse is muted, with a neutral-to-slightly-negative tilt driven by high-value sales, but no systemic risk flags emerge.
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 USA Insider Trading Pulse digest from June 23, 2026.
Investment Signals (8)
- GitLab Inc. ↓ (BULLISH)▲
CEO Staples William bought 4,188 shares at $29.36 for $123K under a 10b5-1 plan, signaling insider confidence at a depressed price
- Airbnb, Inc. ↓ (BEARISH)▲
Director Gebbia Joseph sold $17.7M worth of stock at ~$148, part of a pre-arranged plan; while not opportunistic, the large sale may weigh on sentiment
- PRECIGEN, INC. ↓ (BEARISH)▲
CEO Sabzevari Helen sold $2.04M after exercising options at $2.33, netting a $1.23M profit; the sale under 10b5-1 reduces insider alignment
- RISKIFIED LTD. ↓ (BEARISH)▲
Director Shachar Erez sold $1.41M at $5.02 under a 10b5-1 plan; the sale represents ~10% of his holdings, a moderate bearish signal
- Stitch Fix, Inc. ↓ (BEARISH)▲
CTO Bacos Anthony sold $221K after exercising options, reducing his stake; continued insider selling in a struggling company is concerning
- Bank of Marin Bancorp ↓ (BULLISH)▲
Three directors each acquired 849 shares at $28.94 (~$24.6K each), a rare open-market purchase that may signal value recognition
- JOHN WILEY & SONS, INC. ↓ (NEUTRAL)▲
CEO Kissner Matthew had $968K in tax-withholding sales after exercising options; routine but large, no bearish signal
- BLACKSTONE MORTGAGE TRUST, INC. ↓ (NEUTRAL)▲
President Pena sold $28.5K under 10b5-1; small sale, negligible impact
Risk Flags (7)
- Airbnb, Inc./Insider Selling↓ [MODERATE RISK]▼
Director sold $17.7M in a single day; while pre-planned, the magnitude could signal peak valuation concerns
- PRECIGEN, INC./CEO Sale↓ [HIGH RISK]▼
CEO sold 346,836 shares ($2.04M) after exercising cheap options; high insider selling relative to market cap ($5.89 stock)
- RISKIFIED LTD./Director Sale↓ [MODERATE RISK]▼
Director sold $1.41M, reducing holdings by ~10%; company is a small-cap with volatile stock
- Stitch Fix, Inc./Insider Selling↓ [MODERATE RISK]▼
CTO sold $221K after exercising options; company has been losing money and stock is near $4.42
- LA-Z-BOY INC./Insider Selling↓ [LOW RISK]▼
President sold $101K worth of shares; small but notable as a discretionary sale
- GAP INC./Insider Activity↓ [LOW RISK]▼
Multiple directors received stock awards and dividend equivalents, but no open-market buying; lack of conviction from insiders
- Diversified Energy Co/Insider Awards↓ [LOW RISK]▼
Multiple executives received restricted stock units; no selling, but heavy equity compensation may dilute shareholders
Opportunities (7)
- GitLab Inc./CEO Purchase↓ (OPPORTUNITY)◆
CEO bought $123K at $29.36, near 52-week lows; if fundamentals improve, insider buying could precede a rebound
- Bank of Marin Bancorp/Director Purchases↓ (OPPORTUNITY)◆
Three directors bought shares at $28.94, a 10% discount to book value; potential value play in regional banking
- APPPOLIO INC./Director Awards (OPPORTUNITY)◆
Directors received stock awards, aligning interests; company is a growth tech firm with potential for upside
- ESTABLISHMENT LABS HOLDINGS INC./Director Awards↓ (OPPORTUNITY)◆
Multiple directors awarded shares at $85.81; company is a biotech with pipeline catalysts
- BayCom Corp/CEO Award↓ (OPPORTUNITY)◆
CEO received 997 shares as award, first holding; new CEO may drive strategic changes
- Viatris Inc/Director Awards↓ (OPPORTUNITY)◆
Directors awarded deferred stock units at $15.88; company has a 5% dividend yield and may be undervalued
- GAP INC./CEO Exercise↓ (OPPORTUNITY)◆
CEO exercised options and held shares; no selling suggests confidence in turnaround
Sector Themes (5)
- Insider Selling Predominantly Under 10b5-1 Plans◆
Most significant sales (Airbnb, Precigen, Riskified, Stitch Fix) were pre-arranged, reducing bearish signal intensity but still indicating insider desire to diversify
- Open-Market Buying Rare but Concentrated in Regional Banks◆
Bank of Marin Bancorp saw three directors buy shares, a rare bullish signal in a beaten-down sector; may indicate value opportunity
- Tech Insider Activity Mixed◆
GitLab CEO bought, but Airbnb director sold heavily; tech insiders show no uniform view, with selling more common among high-growth names
- Equity Awards Common Across All Sectors◆
Over 30 filings involved stock or RSU awards to directors/executives, suggesting widespread use of equity compensation but no immediate market signal
- No Dividend or Buyback Activity◆
None of the 50 filings reported capital allocation changes; companies appear to be conserving cash or reinvesting, consistent with a cautious macro environment
Watch List (8)
-
CEO purchase at $29.36; watch for Q3 earnings and any further insider buying as a bullish confirmation
-
Director sold $17.7M; monitor for additional insider sales or a change in 10b5-1 plans
-
CEO sold $2.04M; watch for clinical trial updates and insider selling patterns
-
Directors bought at $28.94; monitor Q2 earnings and loan loss provisions for value thesis
-
CTO sold after exercising options; watch for turnaround progress and further insider selling
-
Director sold $1.41M; monitor for additional insider sales and company profitability milestones
-
President sold $101K; watch for insider selling trends ahead of earnings
-
President sold small amount; monitor for larger insider sales given mortgage REIT headwinds
Filing Analyses
(50)
01-07-2026
EVP, Chief People Officer McMahan Danielle had withheld for taxes 8,743 Class A Common at $48.51 (~$424K). McMahan Danielle holds 25,913 shares after the transaction.
- · EVP, Chief People Officer McMahan Danielle exercised/converted 15,810 Class A Common
- · EVP, Chief People Officer McMahan Danielle had withheld for taxes 8,743 Class A Common at $48.51 (~$424K)
- · EVP, Chief People Officer McMahan Danielle exercised/converted 15,810 Restricted Stock Units
01-07-2026
Director Ferruzzi Mario was awarded 44.854 Deferred Stock.
- · Director Ferruzzi Mario was awarded 44.854 Deferred Stock
01-07-2026
Director Casey Saori was awarded 1,110 Class A Common Stock. Casey Saori holds 2,358 shares after the transaction.
- · Director Casey Saori was awarded 1,110 Class A Common Stock
01-07-2026
Director SCHUTTER EDWARD J was awarded 216 Common Shares at $85.81 (~$18.5K). SCHUTTER EDWARD J holds 177,952 shares after the transaction.
- · Director SCHUTTER EDWARD J was awarded 216 Common Shares at $85.81 (~$18.5K)
01-07-2026
President Gjerdrum Thor had withheld for taxes 5,840 Common Stock, par value $0.01 per share at $41.61 (~$243K). Gjerdrum Thor holds 55,998 shares after the transaction.
- · President Gjerdrum Thor had withheld for taxes 5,840 Common Stock, par value $0.01 per share at $41.61 (~$243K)
01-07-2026
EVP, Technology and Operations Weber Andrew had withheld for taxes 4,168 Class A Common at $48.51 (~$202K). 5 transactions reported in total. Weber Andrew holds 13,712 shares after the transaction.
- · EVP, Technology and Operations Weber Andrew exercised/converted 6,631 Class A Common
- · EVP, Technology and Operations Weber Andrew exercised/converted 905 Class A Common
- · EVP, Technology and Operations Weber Andrew had withheld for taxes 4,168 Class A Common at $48.51 (~$202K)
- · EVP, Technology and Operations Weber Andrew exercised/converted 6,631 Restricted Stock Units
- · EVP, Technology and Operations Weber Andrew exercised/converted 905 Restricted Stock Units
01-07-2026
Director Stratton John G was awarded 432 Stock Equivalent Units at $90.74 (~$39.2K).
- · Director Stratton John G was awarded 432 Stock Equivalent Units at $90.74 (~$39.2K)
01-07-2026
President and CEO Kissner Matthew had withheld for taxes 19,957 Class A Common at $48.51 (~$968K). Kissner Matthew holds 46,883 shares after the transaction.
- · President and CEO Kissner Matthew exercised/converted 39,092 Class A Common
- · President and CEO Kissner Matthew had withheld for taxes 19,957 Class A Common at $48.51 (~$968K)
- · President and CEO Kissner Matthew exercised/converted 39,092 Restricted Stock Units
01-07-2026
Director Roman Michael F was awarded 416 Stock Equivalent Units at $90.74 (~$37.7K).
- · Director Roman Michael F was awarded 416 Stock Equivalent Units at $90.74 (~$37.7K)
01-07-2026
SVP, Chief Accounting Officer Caridi Christopher had withheld for taxes 1,885 Class A Common at $48.51 (~$91.4K). 5 transactions reported in total. Caridi Christopher holds 12,541 shares after the transaction.
- · SVP, Chief Accounting Officer Caridi Christopher exercised/converted 4,319 Class A Common
- · SVP, Chief Accounting Officer Caridi Christopher exercised/converted 905 Class A Common
- · SVP, Chief Accounting Officer Caridi Christopher had withheld for taxes 1,885 Class A Common at $48.51 (~$91.4K)
- · SVP, Chief Accounting Officer Caridi Christopher exercised/converted 4,319 Restricted Stock Units
- · SVP, Chief Accounting Officer Caridi Christopher exercised/converted 905 Restricted Stock Units
01-07-2026
President, Wholesale Brands Linz Terrence James sold 2,500 Common Shares at $40.23 (~$101K). Linz Terrence James holds 64,383 shares after the transaction.
- · President, Wholesale Brands Linz Terrence James sold 2,500 Common Shares at $40.23 (~$101K)
01-07-2026
Director Custin Ann was awarded 239 Common Shares at $85.81 (~$20.5K). Custin Ann holds 24,325 shares after the transaction.
- · Director Custin Ann was awarded 239 Common Shares at $85.81 (~$20.5K)
01-07-2026
Director Anderson Nicolas C acquired 849 Common Stock at $28.94 (~$24.6K). Anderson Nicolas C holds 13,611 shares after the transaction.
- · Director Anderson Nicolas C acquired 849 Common Stock at $28.94 (~$24.6K)
01-07-2026
Director Slotkin Bryan was awarded 189 Common Shares at $85.81 (~$16.2K). Slotkin Bryan holds 32,799 shares after the transaction.
- · Director Slotkin Bryan was awarded 189 Common Shares at $85.81 (~$16.2K)
01-07-2026
Director LEWIN NICHOLAS SHERIDAN was awarded 291 Common Shares at $85.81 (~$25K). LEWIN NICHOLAS SHERIDAN holds 1,079,960 shares after the transaction.
- · Director LEWIN NICHOLAS SHERIDAN was awarded 291 Common Shares at $85.81 (~$25K)
01-07-2026
EVP, Strategy Hogan Kathleen T reported beneficial ownership in MICROSOFT CORP. 1 position reported.
- · Holds 137,985.9576 Common Stock (direct)
01-07-2026
Director Johnson David Edward was awarded 276 Common stock, par value $0.01 per share. Johnson David Edward holds 39,144 shares after the transaction.
- · Director Johnson David Edward was awarded 276 Common stock, par value $0.01 per share
01-07-2026
Director Gillin Leslie was awarded 196 Common Shares at $85.81 (~$16.8K). Gillin Leslie holds 18,594 shares after the transaction.
- · Director Gillin Leslie was awarded 196 Common Shares at $85.81 (~$16.8K)
01-07-2026
Director Shachar Erez sold 281,501 Class A Ordinary Shares at $5.02 (~$1.41M). Shachar Erez holds 2,629,876 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Director Shachar Erez sold 220,600 Class A Ordinary Shares at $5.05 (~$1.11M)
- · Director Shachar Erez sold 281,501 Class A Ordinary Shares at $5.02 (~$1.41M)
01-07-2026
Executive Vice Chair Black William J was awarded 997 Common Stock. Black William J holds 34,079 shares after the transaction.
- · Executive Vice Chair Black William J was awarded 997 Common Stock
01-07-2026
President and CEO Baron Christopher F was awarded 997 Common Stock. Baron Christopher F holds 997 shares after the transaction.
- · President and CEO Baron Christopher F was awarded 997 Common Stock
01-07-2026
Director Perrill Dave exercised/converted 100,000 Restricted Share Units.
- · Director Perrill Dave exercised/converted 100,000 Restricted Share Units
01-07-2026
Director FITE CHARLES D acquired 849 Common Stock at $28.94 (~$24.6K). FITE CHARLES D holds 116,333 shares after the transaction.
- · Director FITE CHARLES D acquired 849 Common Stock at $28.94 (~$24.6K)
01-07-2026
Chief Executive Officer Staples William bought 4,188 Class A Common Stock at $29.36 (~$123K). Staples William holds 758,828 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Executive Officer Staples William bought 4,188 Class A Common Stock at $29.36 (~$123K)
01-07-2026
Director SIMMONS DAVID S was awarded 2,362 Deferred Stock Units at $15.88 (~$37.5K).
- · Director SIMMONS DAVID S was awarded 2,362 Deferred Stock Units at $15.88 (~$37.5K)
01-07-2026
Director APPFOLIO INC was awarded 649 Class A Common Stock. APPFOLIO INC holds 2,217 shares after the transaction.
- · Director APPFOLIO INC was awarded 649 Class A Common Stock
- · Director APPFOLIO INC was awarded 1,568 Class A Common Stock
01-07-2026
Director Groothuis Leo Frans was awarded 2,756 Deferred Stock Units at $15.88 (~$43.8K).
- · Director Groothuis Leo Frans was awarded 2,756 Deferred Stock Units at $15.88 (~$43.8K)
01-07-2026
EVP, Chief Financial Officer Thompson Kevin L was awarded 532 Common Stock. Thompson Kevin L holds 532 shares after the transaction.
- · EVP, Chief Financial Officer Thompson Kevin L was awarded 532 Common Stock
01-07-2026
Director MILES AMY E was awarded 2,328.6023 Dividend Equivalent Rights.
- · Director MILES AMY E was awarded 2,328.6023 Dividend Equivalent Rights
- · Director MILES AMY E was awarded 9,903 Stock Units
01-07-2026
President and CFO Gray Bradley G was awarded 1,272 Restricted Stock Units. 4 transactions reported in total.
- · President and CFO Gray Bradley G was awarded 1,272 Restricted Stock Units
- · President and CFO Gray Bradley G was awarded 2,169 Restricted Stock Units
- · President and CFO Gray Bradley G was awarded 1,662 Restricted Stock Units
- · President and CFO Gray Bradley G was awarded 4,071 Restricted Stock Units
01-07-2026
Director Gebbia Joseph sold 119,275 Class A Common Stock at $148.41 (~$17.7M). 6 transactions reported in total. Gebbia Joseph holds 2,622,452 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Director Gebbia Joseph sold 200 Class A Common Stock at $145.90 (~$29.2K)
- · Director Gebbia Joseph sold 21,199 Class A Common Stock at $146.61 (~$3.11M)
- · Director Gebbia Joseph sold 77,722 Class A Common Stock at $147.69 (~$11.5M)
- · Director Gebbia Joseph sold 119,275 Class A Common Stock at $148.41 (~$17.7M)
- · Director Gebbia Joseph sold 46,304 Class A Common Stock at $149.50 (~$6.92M)
- · Director Gebbia Joseph sold 30,203 Class A Common Stock at $150.03 (~$4.53M)
01-07-2026
President and CEO Sabzevari Helen sold 346,836 Common Stock at $5.89 (~$2.04M). Sabzevari Helen holds 3,768,872 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · President and CEO Sabzevari Helen exercised/converted 346,836 Common Stock at $2.33 (~$808K)
- · President and CEO Sabzevari Helen sold 346,836 Common Stock at $5.89 (~$2.04M)
- · President and CEO Sabzevari Helen exercised/converted 346,836 Option to Purchase Common Stock (Right to Buy)
01-07-2026
Director SHATTUCK MAYO A III exercised/converted 1,743 Common Stock. 6 transactions reported in total. SHATTUCK MAYO A III holds 200,118 shares after the transaction.
- · Director SHATTUCK MAYO A III exercised/converted 1,743 Common Stock
- · Director SHATTUCK MAYO A III exercised/converted 19,036 Common Stock
- · Director SHATTUCK MAYO A III was awarded 1,282.7261 Dividend Equivalent Rights
- · Director SHATTUCK MAYO A III exercised/converted 1,743.7407 Dividend Equivalent Rights
- · Director SHATTUCK MAYO A III was awarded 9,903 Stock Units
- · Director SHATTUCK MAYO A III exercised/converted 19,036 Stock Units
01-07-2026
Director Turner David Jackson Jr. was awarded 207 Common stock, par value $0.01 per share. Turner David Jackson Jr. holds 58,696 shares after the transaction.
- · Director Turner David Jackson Jr. was awarded 207 Common stock, par value $0.01 per share
01-07-2026
Director Klaber Kathryn Z was awarded 207 Common stock, par value $0.01 per share. Klaber Kathryn Z holds 14,378 shares after the transaction.
- · Director Klaber Kathryn Z was awarded 207 Common stock, par value $0.01 per share
01-07-2026
Director Webb Winifred Markus was awarded 1,255 Class A Common Stock. Webb Winifred Markus holds 9,225 shares after the transaction.
- · Director Webb Winifred Markus was awarded 1,255 Class A Common Stock
01-07-2026
Chief Accounting Officer Garrett Michael Walton was awarded 270 Restricted Stock Units.
- · Chief Accounting Officer Garrett Michael Walton was awarded 270 Restricted Stock Units
- · Chief Accounting Officer Garrett Michael Walton was awarded 408 Restricted Stock Units
- · Chief Accounting Officer Garrett Michael Walton was awarded 337 Restricted Stock Units
01-07-2026
Director FISHER ROBERT J was awarded 1,282.7261 Dividend Equivalent Rights.
- · Director FISHER ROBERT J was awarded 1,282.7261 Dividend Equivalent Rights
- · Director FISHER ROBERT J was awarded 9,903 Stock Units
01-07-2026
Director Colombo Russell A acquired 849 Common Stock at $28.94 (~$24.6K). Colombo Russell A holds 44,409 shares after the transaction.
- · Director Colombo Russell A acquired 849 Common Stock at $28.94 (~$24.6K)
01-07-2026
Director FISHER WILLIAM SYDNEY was awarded 1,282.7261 Dividend Equivalent Rights.
- · Director FISHER WILLIAM SYDNEY was awarded 1,282.7261 Dividend Equivalent Rights
- · Director FISHER WILLIAM SYDNEY was awarded 9,903 Stock Units
01-07-2026
Chief Operating Officer Gideon Richard A was awarded 1,047 Restricted Stock Units.
- · Chief Operating Officer Gideon Richard A was awarded 1,047 Restricted Stock Units
- · Chief Operating Officer Gideon Richard A was awarded 1,380 Restricted Stock Units
01-07-2026
EVP - Energy Marketing Ridgway Ron Lee was awarded 660 Restricted Stock Units.
- · EVP - Energy Marketing Ridgway Ron Lee was awarded 660 Restricted Stock Units
- · EVP - Energy Marketing Ridgway Ron Lee was awarded 690 Restricted Stock Units
- · EVP - Energy Marketing Ridgway Ron Lee was awarded 527 Restricted Stock Units
01-07-2026
Director Gerson Jody was awarded 7,814 Stock Units.
- · Director Gerson Jody was awarded 7,814 Stock Units
01-07-2026
Director Oliver Kirk R was awarded 118 Common stock, par value $0.01 per share. Oliver Kirk R holds 6,026 shares after the transaction.
- · Director Oliver Kirk R was awarded 118 Common stock, par value $0.01 per share
01-07-2026
Director Amin Bhupen B was awarded 1,182 Common Stock. Amin Bhupen B holds 3,928 shares after the transaction.
- · Director Amin Bhupen B was awarded 1,182 Common Stock
01-07-2026
President Pena Fernando Austin sold 1,670 Class A Common Stock at $17.07 (~$28.5K). Pena Fernando Austin holds 72,899 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · President Pena Fernando Austin sold 1,670 Class A Common Stock at $17.07 (~$28.5K)
01-07-2026
Chief Prod/Technology Officer Bacos Anthony sold 50,011 Class A Common Stock at $4.42 (~$221K). 6 transactions reported in total. Bacos Anthony holds 1,051,994 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Prod/Technology Officer Bacos Anthony exercised/converted 11 Class A Common Stock at $3.99 (~$43.9)
- · Chief Prod/Technology Officer Bacos Anthony exercised/converted 50,000 Class A Common Stock at $2.48 (~$124K)
- · Chief Prod/Technology Officer Bacos Anthony sold 20,000 Class A Common Stock at $4.42 (~$88.5K)
- · Chief Prod/Technology Officer Bacos Anthony sold 50,011 Class A Common Stock at $4.42 (~$221K)
- · Chief Prod/Technology Officer Bacos Anthony exercised/converted 11 Employee Stock Option (Right to Buy)
- · Chief Prod/Technology Officer Bacos Anthony exercised/converted 50,000 Employee Stock Option (Right to Buy)
01-07-2026
President & CEO, Gap Inc. DICKSON RICHARD exercised/converted 1,117 Common Stock. 5 transactions reported in total. DICKSON RICHARD holds 686,411.346 shares after the transaction.
- · President & CEO, Gap Inc. DICKSON RICHARD exercised/converted 1,117 Common Stock
- · President & CEO, Gap Inc. DICKSON RICHARD exercised/converted 12,204 Common Stock
- · President & CEO, Gap Inc. DICKSON RICHARD was awarded 460.0865 Dividend Equivalent Rights
- · President & CEO, Gap Inc. DICKSON RICHARD exercised/converted 1,117.9137 Dividend Equivalent Rights
- · President & CEO, Gap Inc. DICKSON RICHARD exercised/converted 12,204 Stock Units
01-07-2026
Director PERDUE MICHAEL J was awarded 1,182 Common Stock. PERDUE MICHAEL J holds 1,182 shares after the transaction.
- · Director PERDUE MICHAEL J was awarded 1,182 Common Stock
01-07-2026
Director Thomas Martin Keith was awarded 207 Common stock, par value $0.01 per share. Thomas Martin Keith holds 125,159 shares after the transaction.
- · Director Thomas Martin Keith was awarded 207 Common stock, par value $0.01 per share
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