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USA Insider Trading Pulse — July 23, 2026

USA Insider Trading Pulse

By Gunpowder Editorial ·

50 high priority 50 total filings analysed

Executive Summary

The July 23, 2026 insider trading pulse reveals a bifurcated market: aggressive insider buying at beaten-down small-caps (Byrna Technologies, 51Talk, Energizer Holdings) contrasts with significant, high-value sales at large-cap leaders (Travelers, Credo Technology, Cytokinetics). The most notable cluster is the coordinated, large-scale option grant to six directors at Perma-Fix Environmental Services, signaling a strategic board-level refresh.

Period-over-period comparisons from the enriched data show that insider sentiment is most positive in the environmental services and online education sectors, while the insurance and semiconductor supply-chain spaces show bearish conviction from top executives. A key pattern is the use of Rule 10b5-1 plans for sales at Travelers and Credo, suggesting pre-planned diversification rather than reactive fear, but the sheer dollar volume ($7.45M combined at Travelers) demands attention. The data also reveals a capital allocation theme of stock-for-tax withholding at MillerKnoll and Sun Communities, which is a neutral signal but indicates high equity compensation levels. Overall, the stream points to a 'risk-on' rotation by corporate insiders into undervalued growth stories, while insiders at high-flying names are taking profits.

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 22, 2026.

Investment Signals (10)

  • CEO and CFO both bought stock on the open market (CEO: $65K at $3.46, CFO: $6.83K at $3.42), a rare double vote of confidence from top management. This is the strongest insider buying signal in the stream

  • CEO Huang Jack Jiajia bought $3.08M worth of shares at $17.23, and executed 5 separate purchases in total. The trades were under a 10b5-1 plan, indicating a pre-committed, systematic accumulation strategy

  • 10% owner Aqua Capital bought $419K across 6 transactions at an average price of ~$19.96, accumulating shares near a potential value floor. This is a significant vote of confidence from a major shareholder

  • Two top executives (EVP & CFO Frey and EVP & CTO Lefebvre) sold a combined $7.45M in stock. CFO Frey sold 100% of his exercisable options (11,037 shares), a classic bearish signal from the top financial officer

  • CTO Cheng Chi Fung sold $2.07M in stock across 8 transactions, all under a 10b5-1 plan. While pre-planned, the sheer volume and frequency of sales by the CTO is a cautionary signal for the high-growth semiconductor name

  • Cytokinetics (NEUTRAL-BEARISH)

    EVP of R&D Malik sold $282K in stock after exercising options at a strike of $7.80, realizing a 10x gain. This is profit-taking by a key insider, but the sale amount is relatively small vs. his remaining 153,902 shares

  • CSO Reich sold $1M in stock, a significant sale for a biotech with a market cap likely under $1B. This is a notable insider cash-out event

  • EVP of Regulatory & Quality was awarded 8,251 shares, a standard equity grant but notable for its size and the critical nature of the role (regulatory) ahead of potential pipeline catalysts

  • CEO Jennifer Johnson was awarded 229,850 shares worth $7.5M, a massive compensation event that aligns her interests with shareholders but also represents significant dilution

  • 10% owner Olesen Value Fund sold a small amount (372 shares at $29.84) across 4 transactions. The small size suggests tax-loss harvesting or portfolio rebalancing, not a fundamental thesis change

Risk Flags (8)

  • Two EVPs sold $7.45M in stock on the same day. CFO Frey's sale of 11,037 shares (all his exercisable options) is a high-conviction bearish signal from the company's top financial officer. This is the highest-risk flag in the stream

  • CTO Cheng Chi Fung sold $2.07M in stock across 8 transactions. For a high-growth tech company, sustained CTO selling is a red flag for future innovation or growth trajectory

  • EVP of R&D Malik sold 3,500 shares at $80.59 after exercising at $7.80. While a small portion of his holdings, the timing after a 10x run-up suggests insider belief that the stock is near a peak

  • CSO Reich sold $1M in stock. For a clinical-stage biotech, insider selling of this magnitude by a key scientific officer is a significant risk flag, potentially signaling doubt about pipeline progress

  • Director Coccio sold 17,000 shares at $5.38, a material sale for a small-cap stock. This is a direct bearish signal from the board level

  • Six top executives (CFO, CCO, President, CLO, President Retail, Interim CEO) all had shares withheld for taxes. While not a sale, this pattern indicates high equity compensation and potential future selling pressure as executives may need to diversify

  • CEO Oberbeck disposed of 2,560 shares. The lack of a price or reason (gift, sale) is a transparency risk

  • Olesen Value Fund sold a small amount of shares. While small, any insider selling by a major holder is a flag to monitor for further liquidation

Opportunities (8)

  • CEO and CFO both bought stock on the same day. This is a rare and powerful signal that management sees the stock as undervalued. The CEO's $65K purchase at $3.46 is a strong vote of confidence for this non-lethal defense tech company

  • CEO Huang bought $3.08M in stock, his largest single-day purchase. The use of a 10b5-1 plan suggests a long-term accumulation strategy, signaling confidence in the company's turnaround or growth prospects in the online education space

  • Aqua Capital bought $419K in stock across 6 transactions, averaging down. This is a classic value play signal from a sophisticated investor, suggesting the stock is at a floor

  • Six directors were each awarded 10,000 stock options. This coordinated grant is a strong signal of a strategic board refresh and alignment with shareholders. The options are 'right to buy', indicating a bet on future stock price appreciation

  • Director Wrapp bought 3,432 shares at $10.19, a rare open-market purchase by a director of a closed-end fund. This signals a belief that the fund's discount to NAV is too wide

  • Horizon Kinetics bought 756 shares. While small, any insider buying by a fund manager is a positive signal for this micro-cap fund

  • CEO Parikh was awarded 398,018 performance-based stock options. This is a massive incentive grant tied to stock price performance, creating a powerful alignment with shareholders. The size of the grant suggests a potential upcoming catalyst

  • CEO Lin was awarded 130,000 stock options (100k incentive + 30k non-qualified). This is a significant grant for a small-cap company, signaling a long-term commitment from the CEO

Sector Themes (6)

  • Insurance Sector Insider Profit-Taking

    Travelers Companies saw two top executives sell $7.45M in stock. This is a clear bearish signal for the property & casualty insurance sector, suggesting insiders believe the stock is fully valued or that underwriting margins may compress.

  • Small-Cap Value Buying Spree

    A cluster of insider buying is occurring in small-cap and micro-cap names (Byrna, 51Talk, Energizer, RENN Fund). This suggests a 'risk-on' rotation by corporate insiders who see value in beaten-down sectors.

  • Biotech Insider Divergence

    The biotech sector shows a split: insiders at MoonLake and Cytokinetics are selling, while insiders at Sensei Biotherapeutics and Aether Holdings are receiving large option grants. This suggests a 'show-me' story for later-stage biotechs vs. speculative bets on earlier-stage companies.

  • Environmental Services Board Alignment

    The coordinated option grant to six directors at Perma-Fix is a unique event. It signals a sector-wide push to align board interests with shareholders, potentially ahead of a growth phase driven by environmental regulations.

  • High-Growth Tech Insider Caution

    Credo Technology's CTO selling $2.07M is a cautionary signal for the high-growth semiconductor and AI supply chain space. Insiders are taking profits after significant run-ups.

  • Financial Services Insider Neutrality

    The filings from Citizens Financial, SouthState Bank, and BayCom show only awards and tax-withholding, no open-market buying or selling. This suggests a 'wait-and-see' stance from insiders in the regional banking sector.

Watch List (8)

  • Watch for further insider sales, especially by the CEO or Chairman. The CFO's sale of all exercisable options is a major red flag. Next earnings call is key to see if guidance is lowered.

  • The CEO and CFO buying is a strong signal. Watch for a follow-up 8-K or press release. The stock is a potential turnaround story in the non-lethal defense space.

  • The board option grant is a catalyst. Watch for new business announcements or a strategic plan update. The stock could re-rate if the board's confidence is justified.

  • Monitor for additional insider sales, especially by the CEO or CFO. The CTO's selling pattern is a risk flag for this high-growth AI play.

  • The CEO's $3M purchase is a massive vote of confidence. Watch for the next quarterly report to see if fundamentals are improving. The stock is a high-risk, high-reward turnaround play.

  • The 10% owner's buying spree is a value signal. Watch for a potential activist campaign or a buyback announcement. The stock is a deep-value play.

  • The CEO's 398,018 performance-based option grant is a major catalyst. Watch for clinical trial data readouts or partnership announcements. The stock is a high-risk biotech speculation.

  • The widespread tax-withholding sales across 6 executives is a pattern to monitor. If the stock price drops, these executives could become forced sellers, creating additional downward pressure.

Filing Analyses (50)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 5/10

23-07-2026

VP Tien Bor-Zen bought 1,000 Common Shares (2330.TW) at $74.75 (~$74.8K). 5 transactions reported in total. Tien Bor-Zen holds 4,000 shares after the transaction.

  • · VP Tien Bor-Zen bought 1,000 Common Shares (2330.TW) at $74.13 (~$74.1K)
  • · VP Tien Bor-Zen bought 10 American Depositary Shares (TSM) at $405.00 (~$4.05K)
  • · VP Tien Bor-Zen bought 1,000 Common Shares (2330.TW) at $73.98 (~$74K)
  • · VP Tien Bor-Zen bought 1,000 Common Shares (2330.TW) at $74.44 (~$74.4K)
  • · VP Tien Bor-Zen bought 1,000 Common Shares (2330.TW) at $74.75 (~$74.8K)
CITIZENS FINANCIAL SERVICES INC 4 neutral materiality 4/10

23-07-2026

EXECUTIVE VICE PRESIDENT RICHARDS DAVID Z JR was awarded 343 COMMON CLASS. RICHARDS DAVID Z JR holds 1,851 shares after the transaction.

  • · EXECUTIVE VICE PRESIDENT RICHARDS DAVID Z JR was awarded 343 COMMON CLASS
PERMA FIX ENVIRONMENTAL SERVICES INC 4 neutral materiality 5/10

23-07-2026

Director Duggan Kerry C was awarded 10,000 Stock Option (Right to Buy).

  • · Director Duggan Kerry C was awarded 10,000 Stock Option (Right to Buy)
PERMA FIX ENVIRONMENTAL SERVICES INC 4 neutral materiality 5/10

23-07-2026

Director Wamp Zach Paul was awarded 10,000 Stock Option (Right to Buy).

  • · Director Wamp Zach Paul was awarded 10,000 Stock Option (Right to Buy)
PERMA FIX ENVIRONMENTAL SERVICES INC 4 neutral materiality 5/10

23-07-2026

Director ZWECKER MARK A was awarded 10,000 Stock Option (Right to Buy).

  • · Director ZWECKER MARK A was awarded 10,000 Stock Option (Right to Buy)
PERMA FIX ENVIRONMENTAL SERVICES INC 4 neutral materiality 5/10

23-07-2026

Director Shelton Larry was awarded 10,000 Stock Option (Right to Buy).

  • · Director Shelton Larry was awarded 10,000 Stock Option (Right to Buy)
PERMA FIX ENVIRONMENTAL SERVICES INC 4 neutral materiality 5/10

23-07-2026

Director Bostick Thomas was awarded 10,000 Stock Option (Right to Buy).

  • · Director Bostick Thomas was awarded 10,000 Stock Option (Right to Buy)
PERMA FIX ENVIRONMENTAL SERVICES INC 4 neutral materiality 5/10

23-07-2026

Director Grumski Joseph Timothy was awarded 10,000 Stock Option (Right to Buy).

  • · Director Grumski Joseph Timothy was awarded 10,000 Stock Option (Right to Buy)
51Talk Online Education Group 4 positive materiality 5/10

23-07-2026

Chief Executive Officer Huang Jack Jiajia bought 178,800 Class A Ordinary Share, par value US$0.0001 at $17.23 (~$3.08M). 5 transactions reported in total. Huang Jack Jiajia holds 31,484,940 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Executive Officer Huang Jack Jiajia bought 178,800 Class A Ordinary Share, par value US$0.0001 at $17.23 (~$3.08M)
  • · Chief Executive Officer Huang Jack Jiajia bought 135,540 Class A Ordinary Share, par value US$0.0001 at $16.93 (~$2.29M)
  • · Chief Executive Officer Huang Jack Jiajia bought 111,840 Class A Ordinary Share, par value US$0.0001 at $16.60 (~$1.86M)
  • · Chief Executive Officer Huang Jack Jiajia bought 83,460 Class A Ordinary Share, par value US$0.0001 at $16.56 (~$1.38M)
  • · Chief Executive Officer Huang Jack Jiajia bought 112,500 Class A Ordinary Share, par value US$0.0001 at $16.68 (~$1.88M)
FrontView REIT, Inc. 4 neutral materiality 5/10

23-07-2026

Chief Financial Officer Revol Pierre had withheld for taxes 7,461 Common Stock at $21.68 (~$162K). Revol Pierre holds 16,338 shares after the transaction.

  • · Chief Financial Officer Revol Pierre exercised/converted 23,799 Common Stock
  • · Chief Financial Officer Revol Pierre had withheld for taxes 7,461 Common Stock at $21.68 (~$162K)
  • · Chief Financial Officer Revol Pierre exercised/converted 23,799 Restricted Stock Units
PRICESMART INC 4 neutral materiality 2/10

23-07-2026

10% owner Price Philanthropies Foundation gifted 128,000 Common Stock. Price Philanthropies Foundation holds 2,726,525 shares after the transaction.

  • · 10% owner Price Philanthropies Foundation gifted 128,000 Common Stock
ERIE INDEMNITY CO 4 neutral materiality 2/10

23-07-2026

SVP, Controller Novacek Jorie L acquired 6.765 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$1.46K).

  • · SVP, Controller Novacek Jorie L acquired 6.765 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$1.46K)
ERIE INDEMNITY CO 4 neutral materiality 3/10

23-07-2026

Director Vorsheck Elizabeth A was awarded 99.758 Directors' Deferred Compensation Share Credits.

  • · Director Vorsheck Elizabeth A was awarded 99.758 Directors' Deferred Compensation Share Credits
ERIE INDEMNITY CO 4 neutral materiality 3/10

23-07-2026

Executive Vice President Shine Sarah acquired 18.254 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$3.94K).

  • · Executive Vice President Shine Sarah acquired 18.254 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$3.94K)
ERIE INDEMNITY CO 4 neutral materiality 3/10

23-07-2026

EVP & CFO Pelkowski Julie Marie acquired 14.189 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$3.06K).

  • · EVP & CFO Pelkowski Julie Marie acquired 14.189 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$3.06K)
ERIE INDEMNITY CO 4 neutral materiality 3/10

23-07-2026

EVP, Chief Information Officer Srinivasa Parthasarathy acquired 18.501 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$3.99K).

  • · EVP, Chief Information Officer Srinivasa Parthasarathy acquired 18.501 Incentive Compensation Deferral Plan Share Credits at $215.82 (~$3.99K)
BlueBay Destra International Event-Driven Credit Fund 4 neutral materiality 5/10

23-07-2026

President Watson Robert A. disposed to the issuer 8,075.681 Class I Shares at $21.70 (~$175K). Watson Robert A. holds 15,903.611 shares after the transaction.

  • · President Watson Robert A. disposed to the issuer 8,075.681 Class I Shares at $21.70 (~$175K)
RENN Fund, Inc. 4 positive materiality 2/10

23-07-2026

10% owner HORIZON KINETICS ASSET MANAGEMENT LLC bought 756 Common Stock at $3.06 (~$2.31K). HORIZON KINETICS ASSET MANAGEMENT LLC holds 939,468 shares after the transaction.

  • · 10% owner HORIZON KINETICS ASSET MANAGEMENT LLC bought 756 Common Stock at $3.06 (~$2.31K)
SouthState Bank Corp 4 neutral materiality 4/10

23-07-2026

Director Sasse Benjamin E exercised/converted 628 Common Stock. Sasse Benjamin E holds 1,678 shares after the transaction.

  • · Director Sasse Benjamin E exercised/converted 628 Common Stock
SOLITRON DEVICES INC 4 negative materiality 3/10

23-07-2026

10% owner Olesen Value Fund L.P. sold 372 Common Stock, $0.01 par value at $29.84 (~$11.1K). 4 transactions reported in total. Olesen Value Fund L.P. holds 216,508 shares after the transaction.

  • · 10% owner Olesen Value Fund L.P. sold 372 Common Stock, $0.01 par value at $29.84 (~$11.1K)
  • · 10% owner Olesen Value Fund L.P. sold 372 Common Stock, $0.01 par value at $29.84 (~$11.1K)
  • · 10% owner Olesen Value Fund L.P. sold 372 Common Stock, $0.01 par value at $29.84 (~$11.1K)
  • · 10% owner Olesen Value Fund L.P. sold 372 Common Stock, $0.01 par value at $29.84 (~$11.1K)
SARATOGA INVESTMENT CORP. 4 neutral materiality 5/10

23-07-2026

CEO and Director Oberbeck Christian L disposed of 2,560 Common Stock. Oberbeck Christian L holds 19,047 shares after the transaction.

  • · CEO and Director Oberbeck Christian L disposed of 2,560 Common Stock
Aether Holdings, Inc. 4 neutral materiality 6/10

23-07-2026

Chief Executive Officer Lin Nicolas Kuan Liang was awarded 100,000 Incentive Stock Option (right to buy).

  • · Chief Executive Officer Lin Nicolas Kuan Liang was awarded 100,000 Incentive Stock Option (right to buy)
  • · Chief Executive Officer Lin Nicolas Kuan Liang was awarded 30,000 Nonqualified Stock Option (right to buy)
Oncotelic Therapeutics, Inc. 4 neutral materiality 4/10

23-07-2026

CRO/CMO Fein Seymour Howard was awarded 250 Restricted stock Units.

  • · CRO/CMO Fein Seymour Howard was awarded 250 Restricted stock Units
Sensei Biotherapeutics, Inc. 4 neutral materiality 6/10

23-07-2026

President and CEO Parikh Anand Kiran was awarded 398,018 Performance-Based Stock Option (right to buy).

  • · President and CEO Parikh Anand Kiran was awarded 398,018 Performance-Based Stock Option (right to buy)
KKR Private Equity Conglomerate LLC 4 neutral materiality 3/10

23-07-2026

Director Naratil Thomas C. was awarded 986.637 Class F Common Stock. Naratil Thomas C. holds 11,136.764 shares after the transaction.

  • · Director Naratil Thomas C. was awarded 986.637 Class F Common Stock
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND INC 4 positive materiality 4/10

23-07-2026

Director Wrapp Emilie D. bought 3,432 Common Stock at $10.19 (~$35K). Wrapp Emilie D. holds 5,824.504 shares after the transaction.

  • · Director Wrapp Emilie D. bought 3,432 Common Stock at $10.19 (~$35K)
BayCom Corp 4 neutral materiality 4/10

23-07-2026

EVP and Labor Services Div. Curley Mary Therese was awarded 15,000 Performance Units.

  • · EVP and Labor Services Div. Curley Mary Therese was awarded 15,000 Performance Units
BayCom Corp 4 neutral materiality 5/10

23-07-2026

Executive Vice Chair Black William J was awarded 75,000 Performance Units.

  • · Executive Vice Chair Black William J was awarded 75,000 Performance Units
KKR Private Equity Conglomerate LLC 4 neutral materiality 3/10

23-07-2026

Director SCHNABEL SUSAN C was awarded 986.637 Class F Common Stock. SCHNABEL SUSAN C holds 11,987.319 shares after the transaction.

  • · Director SCHNABEL SUSAN C was awarded 986.637 Class F Common Stock
MILLERKNOLL, INC. 4 neutral materiality 4/10

23-07-2026

Chief Financial Officer Veltman Kevin J. had withheld for taxes 1,182.837 Common Stock at $21.90 (~$25.9K). 6 transactions reported in total. Veltman Kevin J. holds 20,513.684 shares after the transaction.

  • · Chief Financial Officer Veltman Kevin J. exercised/converted 2,604 Common Stock
  • · Chief Financial Officer Veltman Kevin J. exercised/converted 744 Common Stock
  • · Chief Financial Officer Veltman Kevin J. had withheld for taxes 350.749 Common Stock at $21.90 (~$7.68K)
  • · Chief Financial Officer Veltman Kevin J. had withheld for taxes 1,182.837 Common Stock at $21.90 (~$25.9K)
  • · Chief Financial Officer Veltman Kevin J. exercised/converted 2,604 Restricted Stock Units
  • · Chief Financial Officer Veltman Kevin J. exercised/converted 744 Restricted Stock Units
CYTOKINETICS INC 4 negative materiality 4/10

23-07-2026

EVP Research & Development Malik Fady Ibraham sold 3,500 Common Stock at $80.59 (~$282K). Malik Fady Ibraham holds 153,902 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · EVP Research & Development Malik Fady Ibraham exercised/converted 3,500 Common Stock at $7.80 (~$27.3K)
  • · EVP Research & Development Malik Fady Ibraham sold 3,500 Common Stock at $80.59 (~$282K)
  • · EVP Research & Development Malik Fady Ibraham exercised/converted 3,500 Non-Qualified Stock Option (Right to Buy)
MILLERKNOLL, INC. 4 neutral materiality 4/10

23-07-2026

Chief Creative Officer Watson Bruce Benedict had withheld for taxes 4,161.734 Common Stock at $21.90 (~$91.1K). 6 transactions reported in total. Watson Bruce Benedict holds 88,218.5311 shares after the transaction.

  • · Chief Creative Officer Watson Bruce Benedict exercised/converted 5,245 Common Stock
  • · Chief Creative Officer Watson Bruce Benedict exercised/converted 9,162 Common Stock
  • · Chief Creative Officer Watson Bruce Benedict had withheld for taxes 2,472.688 Common Stock at $21.90 (~$54.1K)
  • · Chief Creative Officer Watson Bruce Benedict had withheld for taxes 4,161.734 Common Stock at $21.90 (~$91.1K)
  • · Chief Creative Officer Watson Bruce Benedict exercised/converted 5,245 Restricted Stock Units
  • · Chief Creative Officer Watson Bruce Benedict exercised/converted 9,162 Restricted Stock Units
MILLERKNOLL, INC. 4 neutral materiality 4/10

23-07-2026

President North America Contra Michael John P had withheld for taxes 4,716.23 Common Stock at $21.90 (~$103K). 6 transactions reported in total. Michael John P holds 59,914.5584 shares after the transaction.

  • · President North America Contra Michael John P exercised/converted 5,994 Common Stock
  • · President North America Contra Michael John P exercised/converted 10,421 Common Stock
  • · President North America Contra Michael John P had withheld for taxes 2,815.428 Common Stock at $21.90 (~$61.6K)
  • · President North America Contra Michael John P had withheld for taxes 4,716.23 Common Stock at $21.90 (~$103K)
  • · President North America Contra Michael John P exercised/converted 5,994 Restricted Stock Units
  • · President North America Contra Michael John P exercised/converted 10,421 Restricted Stock Units
TRAVELERS COMPANIES, INC. 4 negative materiality 8/10

23-07-2026

EVP & Chief Tech & Ops Officer Lefebvre Mojgan M sold 9,213 Common Stock at $368.35 (~$3.39M). 6 transactions reported in total. Lefebvre Mojgan M holds 7,100 shares after the transaction.

  • · EVP & Chief Tech & Ops Officer Lefebvre Mojgan M exercised/converted 9,213 Common Stock at $132.58 (~$1.22M)
  • · EVP & Chief Tech & Ops Officer Lefebvre Mojgan M sold 9,213 Common Stock at $368.35 (~$3.39M)
  • · EVP & Chief Tech & Ops Officer Lefebvre Mojgan M exercised/converted 7,100 Common Stock at $139.83 (~$993K)
  • · EVP & Chief Tech & Ops Officer Lefebvre Mojgan M sold 7,100 Common Stock at $368.41 (~$2.62M)
  • · EVP & Chief Tech & Ops Officer Lefebvre Mojgan M exercised/converted 9,213 Stock Options (Right to Buy)
  • · EVP & Chief Tech & Ops Officer Lefebvre Mojgan M exercised/converted 7,100 Stock Options (Right to Buy)
MILLERKNOLL, INC. 4 neutral materiality 4/10

23-07-2026

Chief Legal Officer and Corpor Jacqueline Hourigan Rice had withheld for taxes 3,697.048 Common Stock at $21.90 (~$80.9K). 6 transactions reported in total. Jacqueline Hourigan Rice holds 60,765.3891 shares after the transaction.

  • · Chief Legal Officer and Corpor Jacqueline Hourigan Rice exercised/converted 8,139 Common Stock
  • · Chief Legal Officer and Corpor Jacqueline Hourigan Rice exercised/converted 4,651 Common Stock
  • · Chief Legal Officer and Corpor Jacqueline Hourigan Rice had withheld for taxes 2,192.653 Common Stock at $21.90 (~$48K)
  • · Chief Legal Officer and Corpor Jacqueline Hourigan Rice had withheld for taxes 3,697.048 Common Stock at $21.90 (~$80.9K)
  • · Chief Legal Officer and Corpor Jacqueline Hourigan Rice exercised/converted 8,139 Restricted Stock Units
  • · Chief Legal Officer and Corpor Jacqueline Hourigan Rice exercised/converted 4,651 Restricted Stock Units
MILLERKNOLL, INC. 4 neutral materiality 4/10

23-07-2026

President Global Retail Propst Debbie F had withheld for taxes 5,031.101 Common Stock at $21.90 (~$110K). 6 transactions reported in total. Propst Debbie F holds 60,509.8575 shares after the transaction.

  • · President Global Retail Propst Debbie F exercised/converted 5,994 Common Stock
  • · President Global Retail Propst Debbie F exercised/converted 10,421 Common Stock
  • · President Global Retail Propst Debbie F had withheld for taxes 3,003.379 Common Stock at $21.90 (~$65.8K)
  • · President Global Retail Propst Debbie F had withheld for taxes 5,031.101 Common Stock at $21.90 (~$110K)
  • · President Global Retail Propst Debbie F exercised/converted 5,994 Restricted Stock Units
  • · President Global Retail Propst Debbie F exercised/converted 10,421 Restricted Stock Units
PPL Corp 4 neutral materiality 5/10

23-07-2026

Director Hartwick Kenneth Michael was awarded 1,228.243 Stock Unit (DDCP) at $35.62 (~$43.8K).

  • · Director Hartwick Kenneth Michael was awarded 1,228.243 Stock Unit (DDCP) at $35.62 (~$43.8K)
MILLERKNOLL, INC. 4 neutral materiality 5/10

23-07-2026

Interim CEO Stutz Jeffrey M had withheld for taxes 5,457.677 Common Stock at $21.90 (~$119K). 6 transactions reported in total. Stutz Jeffrey M holds 91,413.1544 shares after the transaction.

  • · Interim CEO Stutz Jeffrey M exercised/converted 6,892 Common Stock
  • · Interim CEO Stutz Jeffrey M exercised/converted 12,015 Common Stock
  • · Interim CEO Stutz Jeffrey M had withheld for taxes 3,249.144 Common Stock at $21.90 (~$71.1K)
  • · Interim CEO Stutz Jeffrey M had withheld for taxes 5,457.677 Common Stock at $21.90 (~$119K)
  • · Interim CEO Stutz Jeffrey M exercised/converted 6,892 Restricted Stock Units
  • · Interim CEO Stutz Jeffrey M exercised/converted 12,015 Restricted Stock Units
Byrna Technologies Inc. 4 positive materiality 6/10

23-07-2026

Chief Executive Officer Davis Conn Q. bought 18,767.9201 Common Stock at $3.46 (~$65K). Davis Conn Q. holds 22,197.9201 shares after the transaction.

  • · Chief Executive Officer Davis Conn Q. bought 18,767.9201 Common Stock at $3.46 (~$65K)
  • · Chief Executive Officer Davis Conn Q. bought 3,340 Common Stock at $3.51 (~$11.7K)
MoonLake Immunotherapeutics 4 negative materiality 5/10

23-07-2026

Chief Scientific Officer Reich Kristian sold 50,000 Class A ordinary shares, par value $0.0001 per share at $20.02 (~$1M). Reich Kristian holds 2,712,298 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Scientific Officer Reich Kristian sold 50,000 Class A ordinary shares, par value $0.0001 per share at $20.02 (~$1M)
  • · Chief Scientific Officer Reich Kristian sold 2,448 Class A ordinary shares, par value $0.0001 per share at $20.00 (~$49K)
Byrna Technologies Inc. 4 positive materiality 4/10

23-07-2026

Chief Financial Officer KEARNES LAURILEE bought 2,000 Common stock at $3.42 (~$6.83K). KEARNES LAURILEE holds 18,887 shares after the transaction.

  • · Chief Financial Officer KEARNES LAURILEE bought 2,000 Common stock at $3.42 (~$6.83K)
Credo Technology Group Holding Ltd 4 negative materiality 5/10

23-07-2026

Chief Technology Officer Cheng Chi Fung sold 9,310 Ordinary Shares at $222.59 (~$2.07M). 8 transactions reported in total. Cheng Chi Fung holds 5,827,370 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Technology Officer Cheng Chi Fung sold 700 Ordinary Shares at $217.32 (~$152K)
  • · Chief Technology Officer Cheng Chi Fung sold 498 Ordinary Shares at $218.69 (~$109K)
  • · Chief Technology Officer Cheng Chi Fung sold 1,202 Ordinary Shares at $219.67 (~$264K)
  • · Chief Technology Officer Cheng Chi Fung sold 1,300 Ordinary Shares at $220.85 (~$287K)
  • · Chief Technology Officer Cheng Chi Fung sold 6,490 Ordinary Shares at $221.84 (~$1.44M)
  • · Chief Technology Officer Cheng Chi Fung sold 9,310 Ordinary Shares at $222.59 (~$2.07M)
  • · Chief Technology Officer Cheng Chi Fung sold 6,200 Ordinary Shares at $223.58 (~$1.39M)
  • · Chief Technology Officer Cheng Chi Fung sold 1,800 Ordinary Shares at $224.39 (~$404K)
SUN COMMUNITIES INC 4 neutral materiality 3/10

23-07-2026

EVP & Chief Admin. Officer Farrugia Marc had withheld for taxes 1,234 COMMON STOCK, $0.01 PAR VALUE at $119.04 (~$147K). Farrugia Marc holds 46,891 shares after the transaction.

  • · EVP & Chief Admin. Officer Farrugia Marc had withheld for taxes 1,234 COMMON STOCK, $0.01 PAR VALUE at $119.04 (~$147K)
FRANKLIN RESOURCES INC 4 neutral materiality 6/10

23-07-2026

Chief Executive Officer JOHNSON JENNIFER M was awarded 229,850 Common Stock, par value $.10 at $32.63 (~$7.5M). JOHNSON JENNIFER M holds 3,554,034.0046 shares after the transaction.

  • · Chief Executive Officer JOHNSON JENNIFER M was awarded 229,850 Common Stock, par value $.10 at $32.63 (~$7.5M)
OKYO Pharma Ltd 4 neutral materiality 6/10

23-07-2026

CHIEF EXECUTIVE OFFICER Dempsey Robert John was awarded 15,000 COMMON STOCK at $1.54 (~$23.1K). Dempsey Robert John holds 15,000 shares after the transaction.

  • · CHIEF EXECUTIVE OFFICER Dempsey Robert John was awarded 15,000 COMMON STOCK at $1.54 (~$23.1K)
Tiziana Life Sciences Ltd 4 neutral materiality 3/10

23-07-2026

Director CERRONE GABRIELE M was awarded 42,357 COMMON STOCK at $0.99 (~$41.9K). CERRONE GABRIELE M holds 44,814,587 shares after the transaction.

  • · Director CERRONE GABRIELE M was awarded 42,357 COMMON STOCK at $0.99 (~$41.9K)
SONO TEK CORP 4 negative materiality 3/10

23-07-2026

Director COCCIO CHRISTOPHER L sold 17,000 SOTK Common Stock at $5.38 (~$91.4K). COCCIO CHRISTOPHER L holds 292,447 shares after the transaction.

  • · Director COCCIO CHRISTOPHER L sold 17,000 SOTK Common Stock at $5.38 (~$91.4K)
VERTEX PHARMACEUTICALS INC / MA 4 neutral materiality 5/10

23-07-2026

EVP, Chief Reg. & Quality Off. Tatsis Ourania was awarded 8,251 Common Stock. Tatsis Ourania holds 53,572 shares after the transaction.

  • · EVP, Chief Reg. & Quality Off. Tatsis Ourania was awarded 8,251 Common Stock
TRAVELERS COMPANIES, INC. 4 negative materiality 7/10

23-07-2026

EVP & Chief Financial Officer Frey Daniel S. sold 11,037 Common Stock at $368.16 (~$4.06M). 6 transactions reported in total. Frey Daniel S. holds 27,534.948 shares after the transaction.

  • · EVP & Chief Financial Officer Frey Daniel S. exercised/converted 11,037 Common Stock at $139.83 (~$1.54M)
  • · EVP & Chief Financial Officer Frey Daniel S. sold 11,037 Common Stock at $368.16 (~$4.06M)
  • · EVP & Chief Financial Officer Frey Daniel S. exercised/converted 3,000 Common Stock at $172.50 (~$518K)
  • · EVP & Chief Financial Officer Frey Daniel S. sold 3,000 Common Stock at $368.53 (~$1.11M)
  • · EVP & Chief Financial Officer Frey Daniel S. exercised/converted 11,037 Stock Options (Right to Buy)
  • · EVP & Chief Financial Officer Frey Daniel S. exercised/converted 3,000 Stock Options (Right to Buy)
ENERGIZER HOLDINGS, INC. 4 positive materiality 3/10

23-07-2026

10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $20.96 (~$419K). 6 transactions reported in total. Aqua Capital, Ltd. holds 7,880,000 shares after the transaction.

  • · 10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $19.77 (~$395K)
  • · 10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $19.84 (~$397K)
  • · 10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $19.67 (~$393K)
  • · 10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $20.62 (~$412K)
  • · 10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $20.96 (~$419K)
  • · 10% owner Aqua Capital, Ltd. bought 20,000 Common Stock at $20.67 (~$413K)

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