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USA Insider Trading Pulse — July 09, 2026

USA Insider Trading Pulse

By Gunpowder Editorial ·

50 high priority 50 total filings analysed

Executive Summary

The July 9, 2026 insider trading pulse reveals a stark divergence in management conviction across sectors. The dominant theme is a massive, coordinated insider buying wave at Taiwan Semiconductor Manufacturing Co (TSMC), where 26 executives, including the Chairman/CEO, collectively purchased shares at $76.62, signaling extreme confidence in the company's near-term prospects.

In sharp contrast, the healthcare and technology sectors show a pattern of high-level insider selling, with CEOs at ResMed, Pennant Group, and Ceribell executing significant sales under 10b5-1 plans, suggesting a desire to lock in gains. Financial insiders present a mixed picture, with some executives selling small lots while others are awarded shares. A notable positive signal comes from a 10% owner at AMG BBH Asset-Backed Credit Fund, who made a substantial $457K purchase. The overall portfolio-level trend points to a strong vote of confidence in semiconductor manufacturing, while caution flags are raised in healthcare and select financials, where insider selling is more prevalent.

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 July 08, 2026.

Investment Signals (10)

  • TSMC (BULLISH)

    26 insiders (including Chairman/CEO, 2 EVPs, 7 SVPs, 14 VPs, Controller) collectively bought ~1,400 shares at $76.62, a broad-based show of confidence across all management tiers

  • ResMed (BEARISH)

    Chairman & CEO Farrell Michael J. sold $1.09M in stock at $218.55 after exercising options at $146.34, netting a ~$360K profit; sale was under a 10b5-1 plan but size is material

  • Ceribell (BEARISH)

    President & CEO Chao Xingjuan sold 23,554 shares for ~$469K in 7 transactions under a 10b5-1 plan, reducing her stake while still holding a large position

  • CEO Guerisoli Brent sold 3,165 shares for ~$128K after exercising options at $4.54, realizing a significant gain; sale was under a 10b5-1 plan

  • 10% owner BROWN BROTHERS HARRIMAN CREDIT PARTNERS, LLC bought 45,696 Class S units for ~$457K at $9.99, a substantial vote of confidence from a major stakeholder

  • VP Sarti Jeffrey bought 12,243 shares for ~$125K at $10.21, a significant insider purchase indicating confidence in the fund's value

  • CEO Keilaf Omer David disposed of 679,400 ordinary shares and 852,630 share options, a massive reduction in economic exposure despite a 'neutral' sentiment label

  • CTO Li Tianmin sold 2,518 shares for ~$170K at $67.45, a notable sale by a key technology executive

  • Director Brannan Stephen K. bought 1,000 shares at $2.03, a small but symbolic insider purchase at a low price point

  • Two insiders (CAO and EVP) sold shares at $19.00 under 10b5-1 plans, though amounts were small ($1.3K and $41K) [NEUTRAL/BEARISH]

Risk Flags (8)

  • CEO Keilaf Omer David disposed of 679,400 shares and 852,630 options, essentially unwinding a large portion of his incentive compensation; this is a major red flag for a pre-revenue or growth-stage company

  • Chairman & CEO Farrell sold $1.09M in stock immediately after exercising options, a classic 'sell-the-news' pattern that could signal the stock is fully valued

  • CEO Chao Xingjuan executed 7 separate sales totaling 23,554 shares, indicating a planned, systematic reduction of her position

  • CEO Guerisoli sold shares at $40.51 after exercising options at $4.54, realizing a 792% gain; such large gains can incentivize further selling

  • Two insiders (Director Liu Chun and CTO Li Tianmin) sold shares on the same day, suggesting a lack of near-term bullish conviction from both board and management

  • Two executives (CFO and SVP) had shares withheld for taxes after exercising options, which is routine but can indicate a lack of cash to cover exercises, potentially a personal liquidity concern

  • EVP Gephart LeeAnn sold 15 shares for only $1.07K, a very small trade that may be for personal reasons but still registers as a sale

  • Both the CAO and EVP sold shares under 10b5-1 plans, creating a pattern of insider selling at the same price level ($19.00)

Opportunities (8)

  • TSMC/Broad Insider Buying Wave (OPPORTUNITY)

    26 insiders buying at the same price ($76.62) is a rare and powerful signal; this suggests management believes the stock is undervalued and could be a strong entry point for investors

  • A major stakeholder added $457K at $9.99, near par value, indicating confidence in the fund's credit portfolio and distribution yield

  • VP Sarti Jeffrey's $125K purchase at $10.21 is a significant insider buy for a closed-end fund, often a signal that the fund's NAV is attractive relative to market price

  • Director Brannan bought 1,000 shares at $2.03, a tiny market cap stock; insider buying at these levels can precede positive catalysts or a turnaround

  • Two EVPs were awarded 17,000 shares combined (~$182K), aligning management with shareholders and potentially signaling confidence in future performance

  • Director Herbst was awarded 661 shares in two transactions, a routine but positive sign of board-level alignment

  • Director Hohneker was awarded 6,800 options at $5.29, incentivizing him to drive the stock price higher; options awards are typically bullish for future performance

  • While the sales are a minor negative, the fact that they are pre-planned under 10b5-1 plans reduces the signal's urgency; the small size suggests no panic selling [NEUTRAL/OPPORTUNITY]

Sector Themes (5)

  • Semiconductor Insider Confidence

    TSMC's 26-insider buying wave is the most concentrated insider buying event in this pulse, signaling strong conviction in the semiconductor cycle and TSMC's competitive position

  • Healthcare CEO Profit-Taking

    Three healthcare companies (ResMed, Pennant Group, Ceribell) saw CEOs sell shares after exercising low-cost options, a pattern of monetizing equity compensation that may indicate sector-wide valuation concerns

  • Financial Sector Mixed Signals

    Financial insiders showed a split pattern: some sold small lots (Citizens Financial, Velocity Financial) while others were awarded shares (First Northwest Bancorp, GBank); no strong directional signal

  • Small-Cap Insider Activity

    Smaller companies (Serina Therapeutics, Curis Inc, 83 Investment Group) saw insider buying or awards, suggesting that insiders at smaller firms see more value relative to larger caps

  • 10b5-1 Plan Prevalence

    Multiple insider sales (ResMed, Pennant, Ceribell, Velocity) were executed under pre-arranged 10b5-1 plans, reducing the negative signal but still indicating a desire to sell at current levels

Watch List (8)

  • TSMC
    👁

    Watch for any insider selling following the buying wave; if insiders continue to buy, it would be an even stronger bullish signal; next earnings call will be key for guidance

  • Monitor for further insider sales by CEO Keilaf; the massive option disposal suggests he may continue to reduce his position, which would be a major red flag

  • 👁

    CEO Farrell's sale under 10b5-1 plan may be part of a larger pre-arranged selling program; watch for additional Form 4 filings in coming weeks

  • CEO Chao's 7 transactions in one day suggest an active 10b5-1 plan; monitor for continued selling at higher prices

  • CEO Guerisoli's low-cost basis exercise ($4.54) vs. sale price ($40.51) creates a large tax liability; watch for more sales to cover taxes

  • The 10% owner's $457K purchase is a strong vote of confidence; monitor for additional buying or any NAV discount changes

  • VP Sarti's $125K purchase is significant for a fund; watch for other insiders to follow suit, which would confirm the bullish signal

  • Two executives had shares withheld for taxes after option exercises; watch for any open-market sales that would indicate a less positive outlook

Filing Analyses (50)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Jang Syun-Ming bought 47 Common Shares (2330.TW) at $76.62 (~$3.6K). Jang Syun-Ming holds 5,843 shares after the transaction.

  • · VP Jang Syun-Ming bought 47 Common Shares (2330.TW) at $76.62 (~$3.6K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

SVP Wang Ying-Lang bought 53 Common Shares (2330.TW) at $76.62 (~$4.06K). Wang Ying-Lang holds 6,390 shares after the transaction.

  • · SVP Wang Ying-Lang bought 53 Common Shares (2330.TW) at $76.62 (~$4.06K)
Innoviz Technologies Ltd. 4 neutral materiality 6/10

09-07-2026

Chief Executive Officer Keilaf Omer David disposed of 679,400 Ordinary Shares. 5 transactions reported in total. Keilaf Omer David holds 2,826,531 shares after the transaction.

  • · Chief Executive Officer Keilaf Omer David disposed of 679,400 Ordinary Shares
  • · Chief Executive Officer Keilaf Omer David disposed of 510,222 Share Option
  • · Chief Executive Officer Keilaf Omer David disposed of 342,408 Share Option
  • · Chief Executive Officer Keilaf Omer David disposed of 29,240 Share Option
  • · Chief Executive Officer Keilaf Omer David disposed of 25,641 Share Option
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

SVP Wu Shien-Yang bought 54 Common Shares (2330.TW) at $76.62 (~$4.14K). Wu Shien-Yang holds 6,748 shares after the transaction.

  • · SVP Wu Shien-Yang bought 54 Common Shares (2330.TW) at $76.62 (~$4.14K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 4/10

09-07-2026

VP Ku Yao-Ching bought 46 Common Shares (2330.TW) at $76.62 (~$3.52K). Ku Yao-Ching holds 94 shares after the transaction.

  • · VP Ku Yao-Ching bought 46 Common Shares (2330.TW) at $76.62 (~$3.52K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Chuang Juiping bought 47 Common Shares (2330.TW) at $76.62 (~$3.6K). Chuang Juiping holds 4,193 shares after the transaction.

  • · VP Chuang Juiping bought 47 Common Shares (2330.TW) at $76.62 (~$3.6K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP and CIO Lin Chris Horng-Dar bought 46 Common Shares (2330.TW) at $76.62 (~$3.52K). Lin Chris Horng-Dar holds 5,882 shares after the transaction.

  • · VP and CIO Lin Chris Horng-Dar bought 46 Common Shares (2330.TW) at $76.62 (~$3.52K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 4/10

09-07-2026

Chairman and CEO Wei Che-Chia bought 146 Common Shares (2330.TW) at $76.62 (~$11.2K). Wei Che-Chia holds 17,835 shares after the transaction.

  • · Chairman and CEO Wei Che-Chia bought 146 Common Shares (2330.TW) at $76.62 (~$11.2K)
Vipshop Holdings Ltd 4 negative materiality 3/10

09-07-2026

Director Liu Chun sold 174 Class A ordinary shares at $67.31 (~$11.7K). Liu Chun holds 6,119 shares after the transaction.

  • · Director Liu Chun sold 174 Class A ordinary shares at $67.31 (~$11.7K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 4/10

09-07-2026

VP Wu Yi-Huang bought 39 Common Shares (2330.TW) at $76.62 (~$2.99K). Wu Yi-Huang holds 79 shares after the transaction.

  • · VP Wu Yi-Huang bought 39 Common Shares (2330.TW) at $76.62 (~$2.99K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

SVP Chang Tzonz-Sheng bought 52 Common Shares (2330.TW) at $76.62 (~$3.98K). Chang Tzonz-Sheng holds 5,374 shares after the transaction.

  • · SVP Chang Tzonz-Sheng bought 52 Common Shares (2330.TW) at $76.62 (~$3.98K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

SVP Lee Chun-Hsien bought 50 Common Shares (2330.TW) at $76.62 (~$3.83K). Lee Chun-Hsien holds 5,935 shares after the transaction.

  • · SVP Lee Chun-Hsien bought 50 Common Shares (2330.TW) at $76.62 (~$3.83K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

SVP and Deputy Co-COO Hou Yung-Chin bought 61 Common Shares (2330.TW) at $76.62 (~$4.67K). Hou Yung-Chin holds 7,397 shares after the transaction.

  • · SVP and Deputy Co-COO Hou Yung-Chin bought 61 Common Shares (2330.TW) at $76.62 (~$4.67K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Chen Pei-Hung bought 44 Common Shares (2330.TW) at $76.62 (~$3.37K). Chen Pei-Hung holds 1,303 shares after the transaction.

  • · VP Chen Pei-Hung bought 44 Common Shares (2330.TW) at $76.62 (~$3.37K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 5/10

09-07-2026

VP Tien Bor-Zen bought 40 Common Shares (2330.TW) at $76.62 (~$3.06K). Tien Bor-Zen holds 73 shares after the transaction.

  • · VP Tien Bor-Zen bought 40 Common Shares (2330.TW) at $76.62 (~$3.06K)
  • · VP Tien Bor-Zen bought 6 Common Shares (2330.TW) at $76.62 (~$460)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

EVP and Co-COO Chin Yung-Pei bought 69 Common Shares (2330.TW) at $76.62 (~$5.29K). Chin Yung-Pei holds 8,363 shares after the transaction.

  • · EVP and Co-COO Chin Yung-Pei bought 69 Common Shares (2330.TW) at $76.62 (~$5.29K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

SVP and Deputy Co-COO Zhang Kevin Xiaoqiang bought 61 Common Shares (2330.TW) at $76.62 (~$4.67K). Zhang Kevin Xiaoqiang holds 7,223 shares after the transaction.

  • · SVP and Deputy Co-COO Zhang Kevin Xiaoqiang bought 61 Common Shares (2330.TW) at $76.62 (~$4.67K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Yuan Lipen bought 40 Common Shares (2330.TW) at $76.62 (~$3.06K). Yuan Lipen holds 1,218 shares after the transaction.

  • · VP Yuan Lipen bought 40 Common Shares (2330.TW) at $76.62 (~$3.06K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Hsu Kuo-Chin bought 52 Common Shares (2330.TW) at $76.62 (~$3.98K). Hsu Kuo-Chin holds 6,620 shares after the transaction.

  • · VP Hsu Kuo-Chin bought 52 Common Shares (2330.TW) at $76.62 (~$3.98K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

Controller Chen Chih-Ho bought 31 Common Shares (2330.TW) at $76.62 (~$2.38K). Chen Chih-Ho holds 137 shares after the transaction.

  • · Controller Chen Chih-Ho bought 31 Common Shares (2330.TW) at $76.62 (~$2.38K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

SVP Yeap Choh Fei bought 53 Common Shares (2330.TW) at $76.62 (~$4.06K). Yeap Choh Fei holds 6,436 shares after the transaction.

  • · SVP Yeap Choh Fei bought 53 Common Shares (2330.TW) at $76.62 (~$4.06K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP He Jun bought 45 Common Shares (2330.TW) at $76.62 (~$3.45K). He Jun holds 5,315 shares after the transaction.

  • · VP He Jun bought 45 Common Shares (2330.TW) at $76.62 (~$3.45K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

SVP and GC Fang Shu-Hua bought 54 Common Shares (2330.TW) at $76.62 (~$4.14K). Fang Shu-Hua holds 6,595 shares after the transaction.

  • · SVP and GC Fang Shu-Hua bought 54 Common Shares (2330.TW) at $76.62 (~$4.14K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Liaw Yung-Haw bought 48 Common Shares (2330.TW) at $76.62 (~$3.68K). Liaw Yung-Haw holds 6,241 shares after the transaction.

  • · VP Liaw Yung-Haw bought 48 Common Shares (2330.TW) at $76.62 (~$3.68K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

EVP and Co-COO Mii Yuh-Jier bought 68 Common Shares (2330.TW) at $76.62 (~$5.21K). Mii Yuh-Jier holds 8,027 shares after the transaction.

  • · EVP and Co-COO Mii Yuh-Jier bought 68 Common Shares (2330.TW) at $76.62 (~$5.21K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

SVP and CFO Huang Jen-Chau bought 28 Common Shares (2330.TW) at $76.62 (~$2.15K). Huang Jen-Chau holds 3,524 shares after the transaction.

  • · SVP and CFO Huang Jen-Chau bought 28 Common Shares (2330.TW) at $76.62 (~$2.15K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Cao Min bought 54 Common Shares (2330.TW) at $76.62 (~$4.14K). Cao Min holds 6,662 shares after the transaction.

  • · VP Cao Min bought 54 Common Shares (2330.TW) at $76.62 (~$4.14K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 4/10

09-07-2026

VP Lu Chin-Sheng bought 37 Common Shares (2330.TW) at $76.62 (~$2.83K). Lu Chin-Sheng holds 74 shares after the transaction.

  • · VP Lu Chin-Sheng bought 37 Common Shares (2330.TW) at $76.62 (~$2.83K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Chuang Tzu-Sou bought 45 Common Shares (2330.TW) at $76.62 (~$3.45K). Chuang Tzu-Sou holds 5,759 shares after the transaction.

  • · VP Chuang Tzu-Sou bought 45 Common Shares (2330.TW) at $76.62 (~$3.45K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Lu Lee-Chung bought 49 Common Shares (2330.TW) at $76.62 (~$3.75K). Lu Lee-Chung holds 6,382 shares after the transaction.

  • · VP Lu Lee-Chung bought 49 Common Shares (2330.TW) at $76.62 (~$3.75K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

VP Lin Shyue-Shyh bought 44 Common Shares (2330.TW) at $76.62 (~$3.37K). Lin Shyue-Shyh holds 249 shares after the transaction.

  • · VP Lin Shyue-Shyh bought 44 Common Shares (2330.TW) at $76.62 (~$3.37K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 2/10

09-07-2026

VP Yoo Chue-San bought 51 Common Shares (2330.TW) at $76.62 (~$3.91K). Yoo Chue-San holds 6,590 shares after the transaction.

  • · VP Yoo Chue-San bought 51 Common Shares (2330.TW) at $76.62 (~$3.91K)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

09-07-2026

VP Hwang Yuan-Ko bought 40 Common Shares (2330.TW) at $76.62 (~$3.06K). Hwang Yuan-Ko holds 219 shares after the transaction.

  • · VP Hwang Yuan-Ko bought 40 Common Shares (2330.TW) at $76.62 (~$3.06K)
Vipshop Holdings Ltd 4 negative materiality 3/10

09-07-2026

Chief Technology Officer Li Tianmin sold 2,518 Class A ordinary shares at $67.45 (~$170K). Li Tianmin holds 63,059 shares after the transaction.

  • · Chief Technology Officer Li Tianmin sold 2,518 Class A ordinary shares at $67.45 (~$170K)
CITIZENS FINANCIAL SERVICES INC 4 negative materiality 3/10

09-07-2026

EXECUTIVE VICE PRESIDENT Gephart LeeAnn sold 15 COMMON CLASS at $71.52 (~$1.07K). Gephart LeeAnn holds 946 shares after the transaction.

  • · EXECUTIVE VICE PRESIDENT Gephart LeeAnn sold 15 COMMON CLASS at $71.52 (~$1.07K)
RESMED INC 4 negative materiality 6/10

09-07-2026

Chairman and CEO Farrell Michael J. sold 4,991 ResMed Common Stock at $218.55 (~$1.09M). Farrell Michael J. holds 466,223 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chairman and CEO Farrell Michael J. exercised/converted 4,991 ResMed Common Stock at $146.34 (~$730K)
  • · Chairman and CEO Farrell Michael J. sold 4,991 ResMed Common Stock at $218.55 (~$1.09M)
  • · Chairman and CEO Farrell Michael J. exercised/converted 4,991 ResMed Common Stock Options
EZCORP INC 4 negative materiality 3/10

09-07-2026

Director ESPINOSA PABLO LAGOS sold 10,000 Class A Non-Voting Common Stock at $35.54 (~$355K). ESPINOSA PABLO LAGOS holds 207,543 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Director ESPINOSA PABLO LAGOS sold 10,000 Class A Non-Voting Common Stock at $35.54 (~$355K)
CURIS INC 4 neutral materiality 5/10

09-07-2026

Director Hohneker John was awarded 6,800 Non Qualified Stock Option at $5.29 (~$36K).

  • · Director Hohneker John was awarded 6,800 Non Qualified Stock Option at $5.29 (~$36K)
Pennant Group, Inc. 4 negative materiality 7/10

09-07-2026

Chief Executive Officer Guerisoli Brent sold 3,165 Common Stock at $40.51 (~$128K). Guerisoli Brent holds 100,740 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Executive Officer Guerisoli Brent exercised/converted 6,249 Common Stock at $4.54 (~$28.4K)
  • · Chief Executive Officer Guerisoli Brent sold 3,165 Common Stock at $40.51 (~$128K)
  • · Chief Executive Officer Guerisoli Brent exercised/converted 6,249 Stock Option (right to buy) at $4.54 (~$28.4K)
83 Investment Group Income Fund 4 positive materiality 5/10

09-07-2026

Vice President Sarti Jeffrey bought 12,242.9 Class I Shares Common Stock at $10.21 (~$125K). Sarti Jeffrey holds 12,242.9 shares after the transaction.

  • · Vice President Sarti Jeffrey bought 12,242.9 Class I Shares Common Stock at $10.21 (~$125K)
FIRST US BANCSHARES, INC. 4 neutral materiality 5/10

09-07-2026

SEVP,CFO,Trea,Ast Sec-FUSB Elley Thomas S had withheld for taxes 4,924 Common Stock, $.01 par value at $16.95 (~$83.5K). Elley Thomas S holds 38,156 shares after the transaction.

  • · SEVP,CFO,Trea,Ast Sec-FUSB Elley Thomas S exercised/converted 6,300 Common Stock, $.01 par value at $11.71 (~$73.8K)
  • · SEVP,CFO,Trea,Ast Sec-FUSB Elley Thomas S had withheld for taxes 4,924 Common Stock, $.01 par value at $16.95 (~$83.5K)
  • · SEVP,CFO,Trea,Ast Sec-FUSB Elley Thomas S exercised/converted 6,300 Stock Option (right to buy)
Serina Therapeutics, Inc. 4 positive materiality 5/10

09-07-2026

Director Brannan Stephen K. bought 1,000 Common Stock at $2.03 (~$2.03K). Brannan Stephen K. holds 1,000 shares after the transaction.

  • · Director Brannan Stephen K. bought 1,000 Common Stock at $2.03 (~$2.03K)
FIRST US BANCSHARES, INC. 4 neutral materiality 4/10

09-07-2026

SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J had withheld for taxes 2,671 Common Stock, $.01 par value at $16.95 (~$45.3K). 9 transactions reported in total. Dozier Beverly J holds 8,752 shares after the transaction.

  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J exercised/converted 3,000 Common Stock, $.01 par value at $14.11 (~$42.3K)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J had withheld for taxes 2,671 Common Stock, $.01 par value at $16.95 (~$45.3K)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J exercised/converted 2,550 Common Stock, $.01 par value at $11.71 (~$29.9K)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J had withheld for taxes 2,034 Common Stock, $.01 par value at $16.95 (~$34.5K)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J exercised/converted 2,550 Common Stock, $.01 par value at $10.01 (~$25.5K)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J had withheld for taxes 1,867 Common Stock, $.01 par value at $16.95 (~$31.6K)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J exercised/converted 3,000 Stock Option (right to buy)
  • · SVP,Secr,Ast Trs-FUSB;SVP-Bank Dozier Beverly J exercised/converted 2,550 Stock Option (right to buy)
Ceribell, Inc. 4 negative materiality 6/10

09-07-2026

President and CEO Chao Xingjuan sold 23,554 Common Stock at $19.90 (~$469K). 7 transactions reported in total. Chao Xingjuan holds 802,317 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · President and CEO Chao Xingjuan sold 14,000 Common Stock at $19.90 (~$279K)
  • · President and CEO Chao Xingjuan exercised/converted 1,446 Common Stock at $4.70 (~$6.8K)
  • · President and CEO Chao Xingjuan sold 1,446 Common Stock at $19.90 (~$28.8K)
  • · President and CEO Chao Xingjuan exercised/converted 23,554 Common Stock at $4.70 (~$111K)
  • · President and CEO Chao Xingjuan sold 23,554 Common Stock at $19.90 (~$469K)
  • · President and CEO Chao Xingjuan exercised/converted 1,446 Stock Option (Right to Buy)
  • · President and CEO Chao Xingjuan exercised/converted 23,554 Stock Option (Right to Buy)
Velocity Financial, Inc. 4 negative materiality 2/10

09-07-2026

Chief Accounting Officer Tam Fiona sold 68 Common Stock at $19.00 (~$1.29K). Tam Fiona holds 48,361 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Accounting Officer Tam Fiona sold 68 Common Stock at $19.00 (~$1.29K)
Velocity Financial, Inc. 4 negative materiality 2/10

09-07-2026

Executive VP, Capital Markets Taylor Jeffrey T. sold 2,165 Common Stock at $19.00 (~$41.1K). Taylor Jeffrey T. holds 176,820 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Executive VP, Capital Markets Taylor Jeffrey T. sold 2,165 Common Stock at $19.00 (~$41.1K)
First Northwest Bancorp 4 neutral materiality 5/10

09-07-2026

EVP, Chief People Officer Gribble Jennifer Ellen was awarded 7,000 Common Stock at $9.97 (~$69.8K). Gribble Jennifer Ellen holds 7,000 shares after the transaction.

  • · EVP, Chief People Officer Gribble Jennifer Ellen was awarded 7,000 Common Stock at $9.97 (~$69.8K)
GBank Financial Holdings Inc. 4 neutral materiality 3/10

09-07-2026

Director Herbst Timothy P was awarded 382 Common Stock at $27.16 (~$10.4K). Herbst Timothy P holds 25,658 shares after the transaction.

  • · Director Herbst Timothy P was awarded 382 Common Stock at $27.16 (~$10.4K)
  • · Director Herbst Timothy P was awarded 279 Common Stock at $30.12 (~$8.4K)
First Northwest Bancorp 4 neutral materiality 5/10

09-07-2026

EVP, Chief Banking Officer WALSH JOHN CHRISTOPHER was awarded 10,000 Common Stock at $11.17 (~$112K). WALSH JOHN CHRISTOPHER holds 10,000 shares after the transaction.

  • · EVP, Chief Banking Officer WALSH JOHN CHRISTOPHER was awarded 10,000 Common Stock at $11.17 (~$112K)
AMG BBH Asset-Backed Credit Fund, LLC 4 positive materiality 4/10

09-07-2026

10% owner BROWN BROTHERS HARRIMAN CREDIT PARTNERS, LLC bought 45,695.984 Class S units of beneficial interest at $9.99 (~$457K). BROWN BROTHERS HARRIMAN CREDIT PARTNERS, LLC holds 354,720.473 shares after the transaction.

  • · 10% owner BROWN BROTHERS HARRIMAN CREDIT PARTNERS, LLC bought 45,695.984 Class S units of beneficial interest at $9.99 (~$457K)

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