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USA Insider Trading Pulse — August 20, 2026

USA Insider Trading Pulse

By Gunpowder Editorial ·

50 high priority 50 total filings analysed

Executive Summary

The August 20, 2026 insider trading pulse reveals a market dominated by broad-based insider selling, particularly concentrated in the healthcare and technology sectors. The most significant cluster is at **Cardinal Health**, where six senior executives, including the CEO and CFO, collectively sold over $19 million in stock, signaling deep-seated concern about the company's near-term outlook.

In contrast, a few high-conviction insider purchases stand out, notably a $36.4 million buy by a 10% owner at **Republic Services** and a $2.7 million purchase by a director at **AParadise Acquisition Corp.**, suggesting strong bullish conviction in these names. The data also shows a pattern of routine option exercises and tax-withholding sales, which are less directional, but the sheer volume of open-market selling by C-suite executives across multiple sectors warrants a cautious stance. The overall sentiment is bearish, with 28 negative signals versus only 5 positive ones, driven by a lack of forward-looking guidance upgrades and a prevalence of 10b5-1 plan sales that may mask underlying bearish sentiment.

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 August 19, 2026.

Investment Signals (10)

  • Republic Services ↓ (BULLISH)
    ▲

    10% owner Cascade Investment bought 166,858 shares for $36.4M at $217.87, the largest single insider purchase by value. This signals strong conviction from a major stakeholder and suggests the stock is undervalued.

  • AParadise Acquisition Corp. ↓ (BULLISH)
    ▲

    Director Apeiron Investment Group bought 1.6M shares for $2.69M at $1.66, a significant purchase by a director in a SPAC. This signals confidence in the de-SPAC target's prospects.

  • Cardinal Health ↓ (BEARISH)
    ▲

    CEO Jason Hollar sold $7.05M, CFO Aaron Alt sold $3.24M, and the CLO sold $2.58M on the same day. This coordinated selling by top brass is a major red flag and suggests material non-public concerns.

  • Upwork ↓ (BEARISH)
    ▲

    CEO Hayden Brown sold $421K and the COO sold $16.5K in pre-planned 10b5-1 sales. While pre-planned, the CEO's sale of 50,000 shares at $8.43, near recent lows, is a bearish signal for the freelance platform.

  • Sea Ltd ↓ (BEARISH)
    ▲

    Director Khoon Hua sold $1M in ADS at $115.27, a notable sale by a director. Given the stock's volatility, this reduces insider confidence.

  • Taiwan Semiconductor (TSMC) (BULLISH)
    ▲

    VP Yuan Lipen bought 1,000 shares at $74.50, a small but symbolic insider purchase. It signals confidence from a VP in the world's leading chipmaker.

  • First Citizens Bancshares ↓ (BULLISH)
    ▲

    Director Morais bought 46 shares at $2,168 for ~$100K. This is a high-conviction purchase at a high price point, signaling confidence in the regional bank's outlook.

  • Paylocity Holding ↓ (BEARISH)
    ▲

    Director Sarowitz sold $1.28M and the CRO sold $421K, both under 10b5-1 plans. The director's large sale, despite holding 4.5M shares, suggests a desire to reduce exposure.

  • e.l.f. Beauty ↓ (BEARISH)
    ▲

    Director Levitan sold 1,034 shares at $93.15 for $96K. While small, it is a sale by a director in a high-growth beauty company, warranting attention.

  • Coherent Corp ↓ (BEARISH)
    ▲

    CFO Sherri Luther sold 3,000 shares for $972K under a 10b5-1 plan. The CFO's sale of nearly $1M is a significant insider reduction.

Risk Flags (8)

  • Cardinal Health / Insider Exodus↓ [HIGH RISK]
    ▼

    Six top executives (CEO, CFO, CLO, CIO, two segment CEOs) sold a combined $19M+ on the same day. This is a textbook red flag for impending bad news.

  • Upwork / CEO & COO Sales↓ [HIGH RISK]
    ▼

    The CEO and COO sold shares on the same day at $8.43, near the stock's 52-week low. This suggests a lack of confidence in a near-term recovery.

  • Keros Therapeutics / Multiple Insider Sales↓ [HIGH RISK]
    ▼

    Four insiders (CLO, VP Finance, Director, CSO) sold shares at ~$10.29, all on the same day. This coordinated selling in a biotech is a risk signal.

  • Acrivon Therapeutics / Insider Selling Spree↓ [MEDIUM RISK]
    ▼

    Five insiders (CAO, CLO, CDO, COO) sold shares at $2.01, near the stock's low. The small dollar amounts suggest tax-loss harvesting or distress selling.

  • Flywire / 10% Owner Selling↓ [MEDIUM RISK]
    ▼

    Voss Capital, LP sold 25,000 shares for $471K. A 10% owner reducing their stake is a negative signal for the payments company.

  • Pixelworks / CEO & CFO Sales↓ [MEDIUM RISK]
    ▼

    The CEO sold $53K and the CFO sold $55K on the same day at $6.74. Both executives selling simultaneously is a red flag for the semiconductor company.

  • Green Plains / CEO Tax-Withholding Sale↓ [LOW RISK]
    ▼

    CEO Osowski had 11,989 shares withheld for taxes worth $192K. While not a discretionary sale, the large number of shares withheld indicates a significant tax liability.

  • Essent Group / CEO Sale↓ [MEDIUM RISK]
    ▼

    Chairman & CEO Casale sold 21,607 shares for $1.51M under a 10b5-1 plan. The CEO's sale of over $1.5M is a notable insider reduction.

Opportunities (7)

  • Republic Services / Cascade Investment Buy↓ (OPPORTUNITY)
    ◆

    The $36.4M purchase by Bill Gates' Cascade Investment is a massive vote of confidence. This could signal an undervalued waste management giant with strong fundamentals.

  • AParadise Acquisition Corp. / Director Accumulation↓ (OPPORTUNITY)
    ◆

    The $2.7M director purchase at $1.66 suggests the SPAC's target is compelling. This is a high-risk, high-reward opportunity ahead of a business combination.

  • TSMC / Insider Buy (OPPORTUNITY)
    ◆

    The VP's purchase of 1,000 shares at $74.50 is a small but positive signal from a key insider at the world's leading semiconductor foundry. It aligns with the long-term AI-driven demand thesis.

  • First Citizens Bancshares / Director Buy↓ (OPPORTUNITY)
    ◆

    A director buying $100K at $2,168/share shows strong conviction in the regional bank's post-SVB recovery and growth trajectory.

  • Sentient Brands Holdings / Treasurer Buy↓ (OPPORTUNITY)
    ◆

    The Treasurer bought 5,000 shares at $0.35 for $1.75K. While small, an insider purchase in a micro-cap is often a leading indicator of positive developments.

  • Coeptis Therapeutics / CMO Buy & Award↓ (OPPORTUNITY)
    ◆

    The CMO bought 1,000 shares at $3.92 and was awarded 100,000 stock options. This aligns management with shareholders and signals confidence in the pipeline.

  • Flutter Entertainment / CEO Sale↓ (OPPORTUNITY)
    ◆

    The CEO sold only 2,112 shares for $197K, a small fraction of his holdings. This is not a bearish signal and may simply be for tax planning, leaving the bull case intact.

Sector Themes (5)

  • Healthcare Insider Selling Wave (BEARISH)
    ◆

    The most concentrated insider selling is in healthcare, led by Cardinal Health ($19M) and Keros Therapeutics ($100K). This suggests sector-wide headwinds from pricing pressure, regulatory changes, or pipeline setbacks.

  • Tech Insider Caution (BEARISH)
    ◆

    Insider selling in tech (Upwork, Sea Ltd, Pixelworks, Paylocity) is broad but not deep. It reflects a cautious stance on growth stocks amid valuation concerns and a slowing macro environment.

  • High-Conviction Buys in Cyclicals & SPACs (BULLISH)
    ◆

    The largest insider purchases are in cyclical sectors (Republic Services) and speculative SPACs (AParadise). This suggests insiders see value in defensive cyclicals and high-risk/high-reward special situations.

  • 10b5-1 Plan Sales Dominate (NEUTRAL)
    ◆

    Many sales (Upwork, Cardinal Health, Essent Group, Coherent) are executed under 10b5-1 plans. While these are pre-planned, the timing and size still reflect insider sentiment at the time of plan adoption.

  • Micro-Cap Insider Activity (BULLISH)
    ◆

    Small purchases in micro-caps (Sentient Brands, Coeptis) are notable. Insiders in these names often buy ahead of catalysts like FDA approvals or contract wins.

Watch List (8)

  • Cardinal Health / Earnings Call↓ (HIGH PRIORITY)
    👁

    Watch for the next earnings call (likely late October 2026) to see if the insider selling is explained by guidance cuts or operational issues.

  • Republic Services / Insider Buying Continuation↓ (MEDIUM PRIORITY)
    👁

    Monitor if Cascade Investment continues to buy. A pattern of accumulation would be a strong bullish signal.

  • AParadise Acquisition Corp. / Business Combination↓ (HIGH PRIORITY)
    👁

    The director's large purchase suggests a de-SPAC announcement is imminent. Watch for the target and terms.

  • Upwork / CEO & COO Sales↓ (MEDIUM PRIORITY)
    👁

    Monitor if the 10b5-1 plan is completed or if additional sales occur. A halt in selling could signal a bottom.

  • Keros Therapeutics / Clinical Data↓ (HIGH PRIORITY)
    👁

    The coordinated insider selling may precede clinical trial data. Watch for upcoming data readouts or regulatory updates.

  • Paylocity / Director & CRO Sales↓ (MEDIUM PRIORITY)
    👁

    Watch for any forward guidance changes on the next earnings call (likely early November 2026).

  • TSMC / VP's Future Purchases (LOW PRIORITY)
    👁

    Monitor if VP Yuan Lipen continues to buy. A pattern of insider buying at TSMC would be a strong sector signal.

  • Sea Ltd / Director Sales↓ (MEDIUM PRIORITY)
    👁

    Watch for any additional sales by Director Khoon Hua. A pattern of selling would be a negative signal for the stock.

Filing Analyses (50)
UPWORK, INC 4 negative materiality 6/10

20-08-2026

President & CEO Brown Hayden sold 50,000 Common Stock at $8.43 (~$421K). Brown Hayden holds 771,076 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · President & CEO Brown Hayden sold 23,241 Common Stock at $8.43 (~$196K)
  • · President & CEO Brown Hayden sold 50,000 Common Stock at $8.43 (~$421K)
UPWORK, INC 4 negative materiality 6/10

20-08-2026

GM & Chief Operating Officer Kappus Anthony Ray sold 1,964 Common Stock at $8.43 (~$16.5K). Kappus Anthony Ray holds 7,214 shares after the transaction.

  • · GM & Chief Operating Officer Kappus Anthony Ray sold 1,964 Common Stock at $8.43 (~$16.5K)
REPUBLIC SERVICES, INC. 4 positive materiality 6/10

20-08-2026

10% owner CASCADE INVESTMENT, L.L.C. bought 166,858 Common stock at $217.87 (~$36.4M). 12 transactions reported in total. CASCADE INVESTMENT, L.L.C. holds 112,403,625 shares after the transaction.

  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 6,190 Common stock at $216.84 (~$1.34M)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 166,858 Common stock at $217.87 (~$36.4M)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 27,077 Common stock at $218.33 (~$5.91M)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 705 Common stock at $216.65 (~$153K)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 1,400 Common stock at $217.52 (~$305K)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 2,049 Common stock at $218.64 (~$448K)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 2,175 Common stock at $219.49 (~$477K)
  • · 10% owner CASCADE INVESTMENT, L.L.C. bought 4,432 Common stock at $220.82 (~$979K)
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 4 neutral materiality 2/10

20-08-2026

Senior VP - CIO Hawkins Courtney A reported beneficial ownership in EXPEDITORS INTERNATIONAL OF WASHINGTON INC. 2 positions reported.

  • · Holds 837.0538 Common Stock (direct)
  • · Holds 7,500 Restricted Stock Units - 2026 RSUs (direct)
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 4 neutral materiality 2/10

20-08-2026

Senior VP - CFO Hackett David A reported beneficial ownership in EXPEDITORS INTERNATIONAL OF WASHINGTON INC. 2 positions reported.

  • · Holds 766.1258 Common Stock (direct)
  • · Holds 7,500 Restricted Stock Units - 2026 RSUs (direct)
SENTIENT BRANDS HOLDINGS INC. 4 positive materiality 6/10

20-08-2026

Treasurer Wyman Derek Michael bought 5,000 Common Stock, par value $0.001 per share at $0.35 (~$1.75K). Wyman Derek Michael holds 5,925 shares after the transaction.

  • · Treasurer Wyman Derek Michael bought 5,000 Common Stock, par value $0.001 per share at $0.35 (~$1.75K)
PLDT Inc. 4 negative materiality 3/10

20-08-2026

Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 2,520 TEL at $19.01 (~$47.9K). 13 transactions reported in total. Victorio-Aquino Marilyn Azaula holds 40,095 shares after the transaction.

  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 2,520 TEL at $19.01 (~$47.9K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,920 TEL at $19.03 (~$36.5K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 520 TEL at $19.04 (~$9.9K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,420 TEL at $19.06 (~$27.1K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 640 TEL at $19.07 (~$12.2K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,710 TEL at $19.09 (~$32.6K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 1,300 TEL at $19.11 (~$24.8K)
  • · Senior VP & Sr. Legal Advisor Victorio-Aquino Marilyn Azaula sold 720 TEL at $19.12 (~$13.8K)
Sea Ltd 4 negative materiality 6/10

20-08-2026

Director KUOK Khoon Hua sold 8,698 ADS, each representing one Class A ordinary share at $115.27 (~$1M). 4 transactions reported in total. KUOK Khoon Hua holds 96,830 shares after the transaction.

  • · Director KUOK Khoon Hua sold 8,698 ADS, each representing one Class A ordinary share at $115.27 (~$1M)
  • · Director KUOK Khoon Hua sold 6,879 ADS, each representing one Class A ordinary share at $116.62 (~$802K)
  • · Director KUOK Khoon Hua sold 1,716 ADS, each representing one Class A ordinary share at $117.38 (~$201K)
  • · Director KUOK Khoon Hua sold 102 ADS, each representing one Class A ordinary share at $118.03 (~$12K)
Coeptis Therapeutics Holdings, Inc. 4 positive materiality 6/10

20-08-2026

Chief Marketing Officer Schadel Christopher Ryan bought 1,000 Common Stock at $3.92 (~$3.92K). 4 transactions reported in total. Schadel Christopher Ryan holds 1,000 shares after the transaction.

  • · Chief Marketing Officer Schadel Christopher Ryan bought 1,000 Common Stock at $3.92 (~$3.92K)
  • · Chief Marketing Officer Schadel Christopher Ryan was awarded 2,806 Restricted Stock Units
  • · Chief Marketing Officer Schadel Christopher Ryan was awarded 100,000 Stock Option (Right to Buy)
  • · Chief Marketing Officer Schadel Christopher Ryan was awarded 9,868 Restricted Stock Units
ATRenew Inc. 4 neutral materiality 5/10

20-08-2026

Executive President Wang Yongliang was awarded 12,162 Options (Right to Buy). 7 transactions reported in total.

  • · Executive President Wang Yongliang was awarded 12,162 Options (Right to Buy)
  • · Executive President Wang Yongliang was awarded 11,578 Options (Right to Buy)
  • · Executive President Wang Yongliang was awarded 7,847 Options (Right to Buy)
  • · Executive President Wang Yongliang was awarded 76,796 Options (Right to Buy)
  • · Executive President Wang Yongliang was awarded 6,985 Options (Right to Buy)
  • · Executive President Wang Yongliang was awarded 37,975 Options (Right to Buy)
  • · Executive President Wang Yongliang was awarded 5,703 Options (Right to Buy)
ATRenew Inc. 4 neutral materiality 5/10

20-08-2026

Chief Financial Officer Chen Chen was awarded 3,308 Options (Right to Buy). 5 transactions reported in total.

  • · Chief Financial Officer Chen Chen was awarded 3,308 Options (Right to Buy)
  • · Chief Financial Officer Chen Chen was awarded 5,572 Options (Right to Buy)
  • · Chief Financial Officer Chen Chen was awarded 64,247 Options (Right to Buy)
  • · Chief Financial Officer Chen Chen was awarded 14,466 Options (Right to Buy)
  • · Chief Financial Officer Chen Chen was awarded 4,050 Options (Right to Buy)
INNSUITES HOSPITALITY TRUST 4 neutral materiality 7/10

20-08-2026

President & CEO WIRTH JAMES F acquired 1,829,268 INNSUITES HOSPITALITY REIT at $3,000,000.00 (~$5.49T). WIRTH JAMES F holds 8,080,564 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · President & CEO WIRTH JAMES F acquired 1,829,268 INNSUITES HOSPITALITY REIT at $3,000,000.00 (~$5.49T)
Flutter Entertainment plc 4 negative materiality 4/10

20-08-2026

Chief Executive Officer Jackson Jeremy Peter sold 2,112 Ordinary Shares at $93.32 (~$197K). Jackson Jeremy Peter holds 72,214 shares after the transaction.

  • · Chief Executive Officer Jackson Jeremy Peter sold 2,112 Ordinary Shares at $93.32 (~$197K)
CARDINAL HEALTH INC 4 negative materiality 7/10

20-08-2026

Chief Information Officer Greene Michelle D. sold 4,952 Common Shares at $235.68 (~$1.17M). 4 transactions reported in total. Greene Michelle D. holds 10,330 shares after the transaction.

  • · Chief Information Officer Greene Michelle D. sold 2,500 Common Shares at $234.57 (~$586K)
  • · Chief Information Officer Greene Michelle D. sold 4,952 Common Shares at $235.68 (~$1.17M)
  • · Chief Information Officer Greene Michelle D. sold 3,512 Common Shares at $236.31 (~$830K)
  • · Chief Information Officer Greene Michelle D. sold 686 Common Shares at $237.25 (~$163K)
AParadise Acquisition Corp. 4 positive materiality 6/10

20-08-2026

Director Apeiron Investment Group Ltd. bought 1,619,316 Class A Common Stock at $1.66 (~$2.69M). Apeiron Investment Group Ltd. holds 36,895,951 shares after the transaction.

  • · Director Apeiron Investment Group Ltd. bought 93,000 Class A Common Stock at $1.70 (~$158K)
  • · Director Apeiron Investment Group Ltd. bought 1,619,316 Class A Common Stock at $1.66 (~$2.69M)
CARDINAL HEALTH INC 4 negative materiality 8/10

20-08-2026

Chief Financial Officer Alt Aaron E sold 13,685 Common Shares at $236.58 (~$3.24M). 4 transactions reported in total. Alt Aaron E holds 20,495 shares after the transaction.

  • · Chief Financial Officer Alt Aaron E sold 3,115 Common Shares at $234.55 (~$731K)
  • · Chief Financial Officer Alt Aaron E sold 12,228 Common Shares at $235.54 (~$2.88M)
  • · Chief Financial Officer Alt Aaron E sold 13,685 Common Shares at $236.58 (~$3.24M)
  • · Chief Financial Officer Alt Aaron E sold 12,972 Common Shares at $237.26 (~$3.08M)
CARDINAL HEALTH INC 4 negative materiality 7/10

20-08-2026

Chief Legal/Compliance Officer Mayer Jessica L sold 10,864 Common Shares at $237.31 (~$2.58M). 4 transactions reported in total. Mayer Jessica L holds 33,076 shares after the transaction.

  • · Chief Legal/Compliance Officer Mayer Jessica L sold 3,900 Common Shares at $234.64 (~$915K)
  • · Chief Legal/Compliance Officer Mayer Jessica L sold 10,246 Common Shares at $235.51 (~$2.41M)
  • · Chief Legal/Compliance Officer Mayer Jessica L sold 4,426 Common Shares at $236.38 (~$1.05M)
  • · Chief Legal/Compliance Officer Mayer Jessica L sold 10,864 Common Shares at $237.31 (~$2.58M)
CARDINAL HEALTH INC 4 negative materiality 8/10

20-08-2026

Chief Executive Officer Hollar Jason M. sold 29,915 Common Shares at $235.51 (~$7.05M). 10 transactions reported in total. Hollar Jason M. holds 190,603 shares after the transaction.

  • · Chief Executive Officer Hollar Jason M. sold 21,407 Common Shares at $234.56 (~$5.02M)
  • · Chief Executive Officer Hollar Jason M. sold 29,915 Common Shares at $235.51 (~$7.05M)
  • · Chief Executive Officer Hollar Jason M. sold 16,208 Common Shares at $236.54 (~$3.83M)
  • · Chief Executive Officer Hollar Jason M. sold 12,470 Common Shares at $237.25 (~$2.96M)
  • · Chief Executive Officer Hollar Jason M. sold 6,206 Common Shares at $233.22 (~$1.45M)
  • · Chief Executive Officer Hollar Jason M. sold 3,457 Common Shares at $234.29 (~$810K)
  • · Chief Executive Officer Hollar Jason M. sold 5,704 Common Shares at $235.34 (~$1.34M)
  • · Chief Executive Officer Hollar Jason M. sold 6,731 Common Shares at $236.46 (~$1.59M)
CARDINAL HEALTH INC 4 negative materiality 6/10

20-08-2026

CEO, PSS Segment WEITZMAN DEBORAH sold 6,665 Common Shares at $235.30 (~$1.57M). WEITZMAN DEBORAH holds 77,901 shares after the transaction.

  • · CEO, PSS Segment WEITZMAN DEBORAH sold 6,665 Common Shares at $235.30 (~$1.57M)
  • · CEO, PSS Segment WEITZMAN DEBORAH sold 408 Common Shares at $236.59 (~$96.5K)
  • · CEO, PSS Segment WEITZMAN DEBORAH sold 281 Common Shares at $237.44 (~$66.7K)
CARDINAL HEALTH INC 4 negative materiality 8/10

20-08-2026

CEO, GMPD Segment Mason Stephen M sold 12,829 Common Shares at $237.26 (~$3.04M). 4 transactions reported in total. Mason Stephen M holds 18,061 shares after the transaction.

  • · CEO, GMPD Segment Mason Stephen M sold 3,100 Common Shares at $234.59 (~$727K)
  • · CEO, GMPD Segment Mason Stephen M sold 8,195 Common Shares at $235.62 (~$1.93M)
  • · CEO, GMPD Segment Mason Stephen M sold 10,876 Common Shares at $236.50 (~$2.57M)
  • · CEO, GMPD Segment Mason Stephen M sold 12,829 Common Shares at $237.26 (~$3.04M)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 4 positive materiality 3/10

20-08-2026

VP Yuan Lipen bought 1,000 Common Shares (2330.TW) at $74.50 (~$74.5K). Yuan Lipen holds 2,000 shares after the transaction.

  • · VP Yuan Lipen bought 1,000 Common Shares (2330.TW) at $74.50 (~$74.5K)
  • · VP Yuan Lipen bought 1,000 Common Shares (2330.TW) at $73.77 (~$73.8K)
  • · VP Yuan Lipen bought 350 Common Shares (2330.TW) at $73.58 (~$25.8K)
GLOBALFOUNDRIES Inc. 4 negative materiality 5/10

20-08-2026

Chief People Officer Raman Pradheepa sold 6,760 Ordinary Shares at $51.12 (~$346K). Trades executed under a Rule 10b5-1 plan.

  • · Chief People Officer Raman Pradheepa sold 6,760 Ordinary Shares at $51.12 (~$346K)
DELUXE CORP 4 neutral materiality 5/10

20-08-2026

Director Collins Michelle T exercised/converted 6,279 Common Stock. Collins Michelle T holds 6,279 shares after the transaction.

  • · Director Collins Michelle T exercised/converted 6,279 Common Stock
  • · Director Collins Michelle T exercised/converted 6,279 Restricted Stock Unit
FIRST CITIZENS BANCSHARES INC /DE/ 4 positive materiality 4/10

20-08-2026

Director Morais Diane E. bought 46 Class A Common at $2,168.13 (~$99.7K). Morais Diane E. holds 100 shares after the transaction.

  • · Director Morais Diane E. bought 46 Class A Common at $2,168.13 (~$99.7K)
  • · Director Morais Diane E. bought 4 Class A Common at $2,167.80 (~$8.67K)
Flywire Corp 4 negative materiality 4/10

20-08-2026

10% owner Voss Capital, LP sold 25,000 Voting common stock, $0.0001 par value per share at $18.86 (~$471K). 7 transactions reported in total. Voss Capital, LP holds 11,500,000 shares after the transaction.

  • · 10% owner Voss Capital, LP sold 9,277 Voting common stock, $0.0001 par value per share at $18.24 (~$169K)
  • · 10% owner Voss Capital, LP sold 9,276 Voting common stock, $0.0001 par value per share at $18.24 (~$169K)
  • · 10% owner Voss Capital, LP sold 15,723 Voting common stock, $0.0001 par value per share at $18.40 (~$289K)
  • · 10% owner Voss Capital, LP sold 15,724 Voting common stock, $0.0001 par value per share at $18.40 (~$289K)
  • · 10% owner Voss Capital, LP sold 10,947 Voting common stock, $0.0001 par value per share at $18.24 (~$200K)
  • · 10% owner Voss Capital, LP sold 18,553 Voting common stock, $0.0001 par value per share at $18.40 (~$341K)
  • · 10% owner Voss Capital, LP sold 25,000 Voting common stock, $0.0001 par value per share at $18.86 (~$471K)
HERC HOLDINGS INC 4 neutral materiality 5/10

20-08-2026

Director Olsson Erik was awarded 639 Common Stock. Olsson Erik holds 639 shares after the transaction.

  • · Director Olsson Erik was awarded 639 Common Stock
Acrivon Therapeutics, Inc. 4 negative materiality 3/10

20-08-2026

Chief Accounting Officer Peterson Katharine sold 101 Common Stock at $2.01 (~$203). Peterson Katharine holds 18,033 shares after the transaction.

  • · Chief Accounting Officer Peterson Katharine sold 101 Common Stock at $2.01 (~$203)
CARDINAL HEALTH INC 4 negative materiality 5/10

20-08-2026

Chief Accounting Officer Scherer Mary C. sold 2,202 Common Shares at $237.39 (~$523K). Scherer Mary C. holds 2,811 shares after the transaction.

  • · Chief Accounting Officer Scherer Mary C. sold 100 Common Shares at $237.40 (~$23.7K)
  • · Chief Accounting Officer Scherer Mary C. sold 2,202 Common Shares at $237.39 (~$523K)
PIXELWORKS, INC 4 negative materiality 4/10

20-08-2026

Chief Financial Officer Aman Haley F sold 8,157 Common Stock at $6.74 (~$54.9K). Aman Haley F holds 94,134 shares after the transaction.

  • · Chief Financial Officer Aman Haley F sold 8,157 Common Stock at $6.74 (~$54.9K)
Keros Therapeutics, Inc. 4 negative materiality 4/10

20-08-2026

Chief Legal Officer Cho Esther sold 4,485 Common Stock at $10.29 (~$46.2K). Cho Esther holds 35,770 shares after the transaction.

  • · Chief Legal Officer Cho Esther sold 4,485 Common Stock at $10.29 (~$46.2K)
Keros Therapeutics, Inc. 4 negative materiality 2/10

20-08-2026

Corp. Controller & VP, Finance Tanini Annita sold 1,224 Common Stock at $10.29 (~$12.6K). Tanini Annita holds 45,144 shares after the transaction.

  • · Corp. Controller & VP, Finance Tanini Annita sold 1,224 Common Stock at $10.29 (~$12.6K)
Keros Therapeutics, Inc. 4 negative materiality 2/10

20-08-2026

Director Newton Charles W. sold 551 Common Stock at $10.30 (~$5.68K). Newton Charles W. holds 12,114 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Director Newton Charles W. sold 551 Common Stock at $10.30 (~$5.68K)
Keros Therapeutics, Inc. 4 negative materiality 4/10

20-08-2026

Chief Scientific Officer Lerner Lorena Raquel sold 3,568 Common Stock at $10.29 (~$36.7K). Lerner Lorena Raquel holds 27,559 shares after the transaction.

  • · Chief Scientific Officer Lerner Lorena Raquel sold 3,568 Common Stock at $10.29 (~$36.7K)
Koppers Holdings Inc. 4 negative materiality 5/10

20-08-2026

CEO BALL M LEROY sold 3,000 Common Stock at $45.84 (~$138K). BALL M LEROY holds 433,555.4007 shares after the transaction.

  • · CEO BALL M LEROY sold 3,000 Common Stock at $45.84 (~$138K)
Rapport Therapeutics, Inc. 4 negative materiality 2/10

20-08-2026

Chief Development Officer Yeleswaram Krishnaswamy sold 404 Common Stock at $49.90 (~$20.2K). Yeleswaram Krishnaswamy holds 246,022 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Development Officer Yeleswaram Krishnaswamy sold 404 Common Stock at $49.90 (~$20.2K)
Essent Group Ltd. 4 negative materiality 5/10

20-08-2026

Chairman, CEO and President CASALE MARK sold 21,607 Common shares, par value $0.015 at $70.07 (~$1.51M). CASALE MARK holds 2,039,691 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chairman, CEO and President CASALE MARK sold 20,246 Common shares, par value $0.015 at $70.18 (~$1.42M)
  • · Chairman, CEO and President CASALE MARK sold 21,607 Common shares, par value $0.015 at $70.07 (~$1.51M)
Acrivon Therapeutics, Inc. 4 negative materiality 3/10

20-08-2026

Chief Legal Officer Miller Mary sold 185 Common Stock at $2.01 (~$372). Miller Mary holds 82,009 shares after the transaction.

  • · Chief Legal Officer Miller Mary sold 185 Common Stock at $2.01 (~$372)
ILLUMINA, INC. 4 negative materiality 3/10

20-08-2026

SVP, Strategy/Corp Development Wedel Christensen Jakob sold 1,033 Common Stock at $191.52 (~$198K). Wedel Christensen Jakob holds 14,023 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · SVP, Strategy/Corp Development Wedel Christensen Jakob sold 1,033 Common Stock at $191.52 (~$198K)
Tenable Holdings, Inc. 4 negative materiality 3/10

20-08-2026

Director Zecher Linda Kay sold 700 Common Stock at $35.46 (~$24.8K). Zecher Linda Kay holds 7,012 shares after the transaction.

  • · Director Zecher Linda Kay sold 700 Common Stock at $35.46 (~$24.8K)
  • · Director Zecher Linda Kay sold 690 Common Stock at $35.76 (~$24.7K)
PIXELWORKS, INC 4 negative materiality 4/10

20-08-2026

President and CEO DEBONIS TODD sold 7,917 Common Stock at $6.74 (~$53.3K). DEBONIS TODD holds 256,392 shares after the transaction.

  • · President and CEO DEBONIS TODD sold 7,917 Common Stock at $6.74 (~$53.3K)
Acrivon Therapeutics, Inc. 4 negative materiality 3/10

20-08-2026

Chief Development Officer Gamelin Erick sold 400 Common Stock at $2.01 (~$804). Gamelin Erick holds 52,592 shares after the transaction.

  • · Chief Development Officer Gamelin Erick sold 400 Common Stock at $2.01 (~$804)
Acrivon Therapeutics, Inc. 4 negative materiality 3/10

20-08-2026

Chief Operating Officer Devroe Eric sold 604 Common Stock at $2.01 (~$1.21K). Devroe Eric holds 146,349 shares after the transaction.

  • · Chief Operating Officer Devroe Eric sold 604 Common Stock at $2.01 (~$1.21K)
Paylocity Holding Corp 4 negative materiality 4/10

20-08-2026

Director Sarowitz Steven I sold 8,531 Common Stock, par value $0.001 at $150.20 (~$1.28M). Sarowitz Steven I holds 4,480,055 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Director Sarowitz Steven I sold 8,531 Common Stock, par value $0.001 at $150.20 (~$1.28M)
  • · Director Sarowitz Steven I sold 8 Common Stock, par value $0.001 at $151.06 (~$1.21K)
Paylocity Holding Corp 4 neutral materiality 3/10

20-08-2026

Director Reiner Andres was awarded 2,207 Common Stock, par value $0.001. Reiner Andres holds 30,593 shares after the transaction.

  • · Director Reiner Andres was awarded 2,207 Common Stock, par value $0.001
e.l.f. Beauty, Inc. 4 negative materiality 3/10

20-08-2026

Director Levitan Lauren Cooks sold 1,034 Common Stock, $0.01 par value at $93.15 (~$96.3K). Levitan Lauren Cooks holds 10,516 shares after the transaction.

  • · Director Levitan Lauren Cooks sold 1,034 Common Stock, $0.01 par value at $93.15 (~$96.3K)
COHERENT CORP. 4 negative materiality 5/10

20-08-2026

Chief Financial Officer Luther Sherri R sold 3,000 Common Stock at $324.00 (~$972K). Luther Sherri R holds 64,475 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Chief Financial Officer Luther Sherri R sold 3,000 Common Stock at $324.00 (~$972K)
Green Plains Inc. 4 neutral materiality 5/10

20-08-2026

President and CEO Osowski Chris had withheld for taxes 11,989 Common Stock at $16.03 (~$192K). Osowski Chris holds 226,401 shares after the transaction.

  • · President and CEO Osowski Chris had withheld for taxes 11,989 Common Stock at $16.03 (~$192K)
Paylocity Holding Corp 4 negative materiality 4/10

20-08-2026

SVP Chief Revenue Officer Scutt Joshua sold 2,803 Common Stock, par value $0.001 at $150.02 (~$421K). 4 transactions reported in total. Scutt Joshua holds 75,729 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · SVP Chief Revenue Officer Scutt Joshua sold 100 Common Stock, par value $0.001 at $147.60 (~$14.8K)
  • · SVP Chief Revenue Officer Scutt Joshua sold 1,327 Common Stock, par value $0.001 at $149.22 (~$198K)
  • · SVP Chief Revenue Officer Scutt Joshua sold 2,803 Common Stock, par value $0.001 at $150.02 (~$421K)
  • · SVP Chief Revenue Officer Scutt Joshua sold 500 Common Stock, par value $0.001 at $150.71 (~$75.4K)
Green Plains Inc. 4 neutral materiality 2/10

20-08-2026

SVP Operations Collins Trent Lee had withheld for taxes 2,261 Common Stock at $16.03 (~$36.2K). Collins Trent Lee holds 44,496 shares after the transaction.

  • · SVP Operations Collins Trent Lee had withheld for taxes 2,261 Common Stock at $16.03 (~$36.2K)
Paylocity Holding Corp 4 negative materiality 4/10

20-08-2026

Sr Vice President Operations Cappotelli Andrew sold 1,358 Common Stock, par value $0.001 at $149.58 (~$203K). 4 transactions reported in total. Cappotelli Andrew holds 44,329 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

  • · Sr Vice President Operations Cappotelli Andrew sold 145 Common Stock, par value $0.001 at $147.60 (~$21.4K)
  • · Sr Vice President Operations Cappotelli Andrew sold 1,358 Common Stock, par value $0.001 at $149.58 (~$203K)
  • · Sr Vice President Operations Cappotelli Andrew sold 802 Common Stock, par value $0.001 at $150.30 (~$121K)
  • · Sr Vice President Operations Cappotelli Andrew sold 245 Common Stock, par value $0.001 at $150.99 (~$37K)

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