Executive Summary
The September 4, 2026, insider trading pulse reveals a mixed but cautious landscape. The most significant bearish signal comes from PBF Energy, where a 10% owner sold ~$7.7M in stock, representing the largest single-day insider outflow.
This is compounded by a cluster of negative sentiment filings from Sea Ltd, where two C-suite officers sold over $1.3M combined under 10b5-1 plans, and from Borr Drilling, where three top executives sold a total of ~$270K at a low stock price of $4.80. On the bullish side, insider buying was concentrated in micro-cap and distressed names, with the CEO of 17 Education & Technology Group and the COO of Charlotte's Web Holdings making notable open-market purchases. A strong positive signal emerged from Taiwan Semiconductor Manufacturing Co (TSMC), where an SVP bought $77K in shares, signaling confidence from a key insider at the world's leading foundry. The day was dominated by neutral, non-discretionary events, including a massive equity grant cycle at Protalix BioTherapeutics (awarding ~500K options and RSUs to the entire board and CEO) and tax-withholding transactions at Elevance Health and One Stop Systems. The overall theme is one of insider caution in larger caps and selective, high-conviction buying in smaller, beaten-down names, with a notable absence of bullish insider activity in mid-to-large cap growth stocks.
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 September 03, 2026.
Investment Signals (10)
- PBF Energy Inc. ↓ (BEARISH)▲
A 10% owner (Control Empresarial de Capitales) sold 100,000 shares for ~$7.7M at ~$77, a significant reduction. This large, non-discretionary sale by a major holder signals potential concern about refining margins or a strategic shift.
- Sea Ltd (COO) ↓ (BEARISH)▲
COO Ye Gang sold 10,832 shares at $112.67 for ~$1.22M. Combined with the CCO's sales, this represents over $1.3M in insider selling at a high stock price, suggesting management is taking profits near recent highs.
- Borr Drilling Ltd ↓ (BEARISH)▲
Three top executives (COO, CFO, CAO) sold a combined 56,405 shares at $4.80 for ~$271K. The coordinated selling by the entire C-suite at a low stock price is a strong negative signal for the offshore drilling sector.
- Taiwan Semiconductor Manufacturing Co (TSMC) (BULLISH)▲
SVP and GC Fang Shu-Hua bought 1,000 shares at $77.09 for ~$77.1K. This is a rare and highly significant open-market purchase by a top legal officer at the world's most important semiconductor company, signaling strong internal conviction.
- 17 Education & Technology Group Inc. ↓ (BULLISH)▲
CEO Liu Chang bought 10,000 ADS at $2.38 for ~$23.8K. This is a high-conviction open-market purchase by the CEO of a struggling EdTech company, signaling a belief in a turnaround or that the stock is deeply undervalued.
- Charlotte's Web Holdings, Inc. ↓ (BULLISH)▲
COO Kunkel Raymond J. bought 137,935 shares at $0.29 for ~$39.3K. This is a massive insider purchase relative to the stock price, representing a strong vote of confidence in the company's hemp/CBD strategy from a key operational executive.
- Rigetti Computing, Inc. ↓ (BEARISH)▲
CFO Bertelsen Jeffrey A. exercised options at $0.60 and immediately sold the shares at $15.00 for a ~$360K profit. While the sale is negative, the exercise and sale pattern is typical for tax planning, but the large profit-taking at a high price for a quantum computing stock warrants caution.
- Axogen, Inc. ↓ (BEARISH)▲
Director TYNDALL JOSEPH A. sold 3,500 shares at $49.70 for ~$174K under a 10b5-1 plan. A director selling a significant portion of their holdings at a high stock price for a medical device company is a cautionary signal.
- ResMed Inc. ↓ (BEARISH)▲
Director FARRELL PETER C sold 970 shares at $234.73 for ~$228K under a 10b5-1 plan. While a 10b5-1 plan provides cover, the sale of a director's stock at a high price for a sleep apnea leader is a minor bearish signal.
- Nextdoor Holdings, Inc. ↓ (BEARISH)▲
Chief Accounting Officer How Antoinette sold 35,581 shares at $2.25 for ~$80K under a 10b5-1 plan. A large sale by a key financial officer at a low stock price for a struggling social media company is a negative signal.
Risk Flags (8)
- PBF Energy / 10% Owner Dumping↓ [HIGH RISK]▼
The sale of 100,000 shares by the largest shareholder is the highest-risk event of the day. This could precede further selling and signals a loss of confidence at the highest ownership level.
- Borr Drilling / C-Suite Exodus↓ [HIGH RISK]▼
The simultaneous sale by the COO, CFO, and CAO at $4.80 is a major red flag. It suggests the entire executive team is reducing exposure, potentially due to concerns about the company's liquidity or the offshore drilling cycle.
- Sea Ltd / Dual C-Suite Selling↓ [MODERATE RISK]▼
The COO and CCO selling over $1.3M in stock on the same day, even under 10b5-1 plans, creates a negative sentiment cloud. It suggests a coordinated plan to reduce exposure at current levels.
- Unisys Corp / VP Selling at Low Price↓ [MODERATE RISK]▼
VP, CAO Brown David Lawrence sold 10,553 shares at $2.54 for ~$26.8K. Selling a large block of stock when the price is near multi-year lows is a strong negative signal about the company's turnaround prospects.
- AtriCure / CTO 10b5-1 Selling↓ [MODERATE RISK]▼
CTO Privitera Salvatore sold 7,763 shares at $52.50 for ~$408K under a 10b5-1 plan. While pre-planned, the size of the sale relative to holdings is notable and creates overhang.
- ▼
CLO Emerson Daniel P sold 1,661 shares at ~$217 for ~$361K under a 10b5-1 plan. The timing near the stock's highs for a video game company with a volatile release schedule is a minor risk flag.
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Director Marquina Javier sold 3,560 shares at ~$3.08 for ~$11K. While small in value, a director selling at a low stock price for a small-cap real estate company is a negative signal.
- LivePerson / Director Disposals↓ [MODERATE RISK]▼
Multiple directors (Fletcher, Zingale, Lane, Pegueros, Wesemann) disposed of stock and options to the issuer. While likely part of a corporate action or settlement, the mass disposal by the board is a risk flag requiring further investigation.
Opportunities (7)
- TSMC / Insider Confidence (OPPORTUNITY)◆
The SVP & GC's $77K open-market purchase is a rare and powerful signal. It suggests the insider believes the stock is undervalued despite geopolitical risks. This is a strong buy signal for a semiconductor bellwether.
- 17 Education & Technology / CEO Turnaround Bet↓ (OPPORTUNITY)◆
CEO Liu Chang's $23.8K open-market purchase at $2.38 is a high-conviction bet on a turnaround. For risk-tolerant investors, this signals the CEO is putting his own capital behind the company's restructuring plan.
- Charlotte's Web Holdings / COO Deep Value Play↓ (OPPORTUNITY)◆
COO Kunkel's purchase of 137,935 shares at $0.29 is a massive insider buy for a company in the hemp/CBD space. It signals a belief that the stock is deeply undervalued and that the company's operational strategy is gaining traction.
- Protalix BioTherapeutics / Major Equity Grants↓ (OPPORTUNITY)◆
The CEO and entire board were awarded massive stock options and RSUs (CEO: 320K options + 160K RSUs). This aligns management with long-term shareholder value creation and signals confidence in upcoming pipeline catalysts.
- RENN Fund / 10% Owner Accumulation↓ (OPPORTUNITY)◆
Horizon Kinetics Asset Management bought 756 shares at $2.95. While small, this is a continuation of a pattern of buying by a sophisticated value investor, signaling the fund is undervalued.
- Texas Pacific Land Corp / 10% Owner Accumulation↓ (OPPORTUNITY)◆
Horizon Kinetics Asset Management bought 1 share at $367.61. While tiny, the act of buying at a high price by a major holder signals long-term conviction in this unique asset.
- Baozun Inc. / CSO Open-Market Buy↓ (OPPORTUNITY)◆
CSO Wu Junhua bought 13,500 ADS at $2.85 for ~$38.5K. This is a direct open-market purchase by a strategy officer, signaling a belief that the e-commerce services company's stock is undervalued.
Sector Themes (5)
- Energy Sector Insider Caution◆
The largest insider selling of the day came from the energy sector (PBF Energy $7.7M, Borr Drilling $271K). This suggests insiders are taking profits or reducing exposure ahead of potential headwinds in refining and offshore drilling. The theme is 'sell the strength' in energy.
- Tech and Growth Stock Profit-Taking◆
Insiders at high-growth tech companies (Sea Ltd, ResMed, Take-Two, Rigetti) are selling shares under 10b5-1 plans. This indicates a broad trend of insiders locking in gains after significant stock price appreciation, creating a cautious signal for the sector.
- Micro-Cap Insider Buying Binge◆
The most bullish insider activity is concentrated in micro-cap and distressed names (17 Education, Charlotte's Web, Baozun). This suggests that insiders at these companies see deep value and are willing to deploy personal capital at current low prices.
- Biotech Equity Grants as a Bullish Signal◆
The massive equity grant cycle at Protalix BioTherapeutics (awarding options and RSUs to the entire board and C-suite) is a positive signal. It aligns management with long-term performance and suggests the company is preparing for a catalyst-rich period.
- Non-Discretionary Selling Dominates◆
The majority of filings (Elevance Health, One Stop Systems, Amcor, Toro Co) are tax-withholding events related to option exercises. While neutral, the high volume of these transactions suggests a lot of insiders are exercising options, which could lead to future selling pressure.
Watch List (7)
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Watch for further 10% owner sales. If Control Empresarial de Capitales continues to sell, it could signal a major strategic shift or a lack of confidence in the refining cycle. Monitor Q3 guidance.
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The coordinated C-suite selling at $4.80 is a major red flag. Watch for any debt restructuring announcements, fleet status updates, or further insider selling. The next earnings call is critical.
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With the entire board and CEO receiving large equity grants, watch for upcoming clinical trial readouts or FDA decisions. The next few months could be catalyst-rich for this biotech.
- 👁
The COO and CCO sold over $1.3M under 10b5-1 plans. Monitor Q3 earnings for any signs of slowing growth or margin pressure that would validate the insider selling.
- TSMC👁
The SVP's $77K purchase is a rare bullish signal. Watch for any follow-on buying by other executives or a change in the company's forward guidance, which would further validate the signal.
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The COO's massive purchase at $0.29 is a strong vote of confidence. Watch for any sales or partnership announcements that could catalyze the stock price.
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The CFO's exercise-and-sell pattern at $15.00 is a cautionary signal. Watch for any dilution announcements or delays in quantum computing milestones that could pressure the stock.
Filing Analyses
(50)
04-09-2026
COO Ye Gang sold 10,832 Class A ordinary shares at $112.67 (~$1.22M). 5 transactions reported in total. Ye Gang holds 218,792 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · COO Ye Gang sold 9,168 Class A ordinary shares at $112.23 (~$1.03M)
- · COO Ye Gang sold 10,832 Class A ordinary shares at $112.67 (~$1.22M)
- · COO Ye Gang sold 2,300 Class A ordinary shares at $112.14 (~$258K)
- · COO Ye Gang sold 10,104 Class A ordinary shares at $113.15 (~$1.14M)
- · COO Ye Gang sold 7,596 Class A ordinary shares at $113.93 (~$865K)
04-09-2026
CCO and GC Wang Yanjun sold 845 Class A ordinary shares at $112.67 (~$95.2K). 5 transactions reported in total. Wang Yanjun holds 12,600 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · CCO and GC Wang Yanjun sold 655 Class A ordinary shares at $112.24 (~$73.5K)
- · CCO and GC Wang Yanjun sold 845 Class A ordinary shares at $112.67 (~$95.2K)
- · CCO and GC Wang Yanjun sold 132 Class A ordinary shares at $112.07 (~$14.8K)
- · CCO and GC Wang Yanjun sold 828 Class A ordinary shares at $113.08 (~$93.6K)
- · CCO and GC Wang Yanjun sold 540 Class A ordinary shares at $113.86 (~$61.5K)
04-09-2026
Director Elze Christian was awarded 17,000 Stock Options (Right to Buy).
- · Director Elze Christian was awarded 17,000 Stock Options (Right to Buy)
- · Director Elze Christian was awarded 8,500 Restricted Stock Units
04-09-2026
Sr. VP & COO Naos Yaron was awarded 112,000 Stock Option (Right to Buy).
- · Sr. VP & COO Naos Yaron was awarded 112,000 Stock Option (Right to Buy)
- · Sr. VP & COO Naos Yaron was awarded 56,000 Restricted Stock Units
04-09-2026
Co-chief financial officer Wang Shoudong was awarded 50,000 Employee Stock Options (Right to buy). 4 transactions reported in total.
- · Co-chief financial officer Wang Shoudong was awarded 50,000 Employee Stock Options (Right to buy)
- · Co-chief financial officer Wang Shoudong was awarded 50,000 Employee Stock Options (Right to buy)
- · Co-chief financial officer Wang Shoudong was awarded 50,000 Employee Stock Options (Right to buy)
- · Co-chief financial officer Wang Shoudong was awarded 50,000 Employee Stock Options (Right to buy)
04-09-2026
Chief Strategy Officer Wu Junhua bought 13,500 American Depositary Shares at $2.85 (~$38.5K). Wu Junhua holds 267,270 shares after the transaction.
- · Chief Strategy Officer Wu Junhua bought 13,500 American Depositary Shares at $2.85 (~$38.5K)
04-09-2026
PRESIDENT AND CEO Bashan Dror was awarded 320,000 Stock Option (Right to Buy).
- · PRESIDENT AND CEO Bashan Dror was awarded 320,000 Stock Option (Right to Buy)
- · PRESIDENT AND CEO Bashan Dror was awarded 160,000 Restricted Stock Units
04-09-2026
Director Bar-Shalev Amos was awarded 17,000 Stock Options (Right to Buy).
- · Director Bar-Shalev Amos was awarded 17,000 Stock Options (Right to Buy)
- · Director Bar-Shalev Amos was awarded 8,500 Restricted Stock Units
04-09-2026
Director Ben Zvi Shmuel was awarded 17,000 Stock Options (Right to Buy).
- · Director Ben Zvi Shmuel was awarded 17,000 Stock Options (Right to Buy)
- · Director Ben Zvi Shmuel was awarded 8,500 Restricted Stock Units
04-09-2026
Director Melincoff Gwen A was awarded 17,000 Stock Options (Right to Buy).
- · Director Melincoff Gwen A was awarded 17,000 Stock Options (Right to Buy)
- · Director Melincoff Gwen A was awarded 8,500 Restricted Stock Units
04-09-2026
Director Boudes Pol F was awarded 17,000 Stock Options (Right to Buy).
- · Director Boudes Pol F was awarded 17,000 Stock Options (Right to Buy)
- · Director Boudes Pol F was awarded 8,500 Restricted Stock Units
04-09-2026
Director Forster Eliot was awarded 17,000 Stock Options (Right to Buy).
- · Director Forster Eliot was awarded 17,000 Stock Options (Right to Buy)
- · Director Forster Eliot was awarded 8,500 Restricted Stock Units
04-09-2026
Chief Financial Officer Morgan Jeanene Grace was awarded 25,000 Common Stock, par value $0.001 per share at $0.10 (~$2.5K). Morgan Jeanene Grace holds 25,000 shares after the transaction.
- · Chief Financial Officer Morgan Jeanene Grace was awarded 25,000 Common Stock, par value $0.001 per share at $0.10 (~$2.5K)
04-09-2026
Vice President, Finance Mo Bin sold 716 American Depositary Shares at $120.64 (~$86.4K).
- · Vice President, Finance Mo Bin sold 716 American Depositary Shares at $120.64 (~$86.4K)
04-09-2026
Director FARRELL PETER C sold 970 ResMed Common Stock at $234.73 (~$228K). FARRELL PETER C holds 51,803 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Director FARRELL PETER C sold 970 ResMed Common Stock at $234.73 (~$228K)
04-09-2026
SVP and GC Fang Shu-Hua bought 1,000 Common Shares (2330.TW) at $77.09 (~$77.1K). Fang Shu-Hua holds 8,206 shares after the transaction.
- · SVP and GC Fang Shu-Hua bought 1,000 Common Shares (2330.TW) at $77.09 (~$77.1K)
- · SVP and GC Fang Shu-Hua bought 1,000 Common Shares (2330.TW) at $77.09 (~$77.1K)
04-09-2026
Director Chen Xiaohong had withheld for taxes 1 American Depositary Shares at $17.73 (~$17.7). 4 transactions reported in total. Chen Xiaohong holds 55,345 shares after the transaction.
- · Director Chen Xiaohong exercised/converted 8,750 American Depositary Shares
- · Director Chen Xiaohong had withheld for taxes 1 American Depositary Shares at $17.73 (~$17.7)
- · Director Chen Xiaohong exercised/converted 8,750 Restricted Share Units
- · Director Chen Xiaohong was awarded 10,704 Restricted Share Units
04-09-2026
Chief Operating Officer Snowling Harvey Edward sold 25,877 Common Shares at $4.80 (~$124K). Snowling Harvey Edward holds 145,944 shares after the transaction.
- · Chief Operating Officer Snowling Harvey Edward sold 25,877 Common Shares at $4.80 (~$124K)
04-09-2026
Director Zhu Hansong had withheld for taxes 803 American Depositary Shares at $17.73 (~$14.2K). 4 transactions reported in total. Zhu Hansong holds 18,271 shares after the transaction.
- · Director Zhu Hansong exercised/converted 3,750 American Depositary Shares
- · Director Zhu Hansong had withheld for taxes 803 American Depositary Shares at $17.73 (~$14.2K)
- · Director Zhu Hansong exercised/converted 3,750 Restricted Share Units
- · Director Zhu Hansong was awarded 4,588 Restricted Share Units
04-09-2026
Chief Accounting Officer Mawjee Jehan sold 10,903 Common Shares at $4.80 (~$52.4K). Mawjee Jehan holds 57,826 shares after the transaction.
- · Chief Accounting Officer Mawjee Jehan sold 10,903 Common Shares at $4.80 (~$52.4K)
04-09-2026
President & COO Funk Edric C exercised/converted 6,247.539 Common Stock at $99.15 (~$619K). Funk Edric C holds 3,398.539 shares after the transaction.
- · President & COO Funk Edric C exercised/converted 6,247.539 Common Stock at $99.15 (~$619K)
- · President & COO Funk Edric C had withheld for taxes 2,849 Common Stock at $99.15 (~$282K)
- · President & COO Funk Edric C exercised/converted 6,247.539 Restricted Stock Units
04-09-2026
Chief Financial Officer Vaaler Magnus sold 19,625 Common Shares at $4.80 (~$94.2K). Vaaler Magnus holds 247,086 shares after the transaction.
- · Chief Financial Officer Vaaler Magnus sold 19,625 Common Shares at $4.80 (~$94.2K)
04-09-2026
Chief Technical Officer Privitera Salvatore sold 7,763 Common Stock at $52.50 (~$408K). Privitera Salvatore holds 150,921 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Technical Officer Privitera Salvatore sold 7,763 Common Stock at $52.50 (~$408K)
04-09-2026
Chief Executive Officer Liu Chang bought 10,000 American depositary shares at $2.38 (~$23.8K). Liu Chang holds 112,848 shares after the transaction.
- · Chief Executive Officer Liu Chang bought 10,000 American depositary shares at $2.38 (~$23.8K)
04-09-2026
Director Fletcher Dan disposed to the issuer 18,666 Common Stock.
- · Director Fletcher Dan disposed to the issuer 18,666 Common Stock
04-09-2026
Chief Executive Officer KNOWLES MICHAEL had withheld for taxes 8,621 Common Stock at $13.61 (~$117K). KNOWLES MICHAEL holds 590,141 shares after the transaction.
- · Chief Executive Officer KNOWLES MICHAEL had withheld for taxes 8,621 Common Stock at $13.32 (~$115K)
- · Chief Executive Officer KNOWLES MICHAEL had withheld for taxes 8,621 Common Stock at $13.61 (~$117K)
04-09-2026
President Emery Christina acquired 39.7167 Barings Non-Qualified Thrift Plan at $18.92 (~$751).
- · President Emery Christina acquired 39.7167 Barings Non-Qualified Thrift Plan at $18.92 (~$751)
04-09-2026
Chief Financial Officer Gabel Daniel G. had withheld for taxes 3,832 Common Stock at $13.32 (~$51K). Gabel Daniel G. holds 150,064 shares after the transaction.
- · Chief Financial Officer Gabel Daniel G. had withheld for taxes 3,832 Common Stock at $13.32 (~$51K)
04-09-2026
10% owner HORIZON KINETICS ASSET MANAGEMENT LLC bought 756 Common Stock at $2.95 (~$2.23K). HORIZON KINETICS ASSET MANAGEMENT LLC holds 962,904 shares after the transaction.
- · 10% owner HORIZON KINETICS ASSET MANAGEMENT LLC bought 756 Common Stock at $2.95 (~$2.23K)
04-09-2026
Chief Operating Officer Kunkel Raymond J. bought 137,935 Common Shares at $0.29 (~$39.3K). Kunkel Raymond J. holds 920,208 shares after the transaction.
- · Chief Operating Officer Kunkel Raymond J. bought 137,935 Common Shares at $0.29 (~$39.3K)
04-09-2026
President,Treasurer,CEO,CFO Andzejevska Ilona disposed of 1,500,000 Common Stock. Andzejevska Ilona holds 3,000,000 shares after the transaction.
- · President,Treasurer,CEO,CFO Andzejevska Ilona disposed of 1,500,000 Common Stock
04-09-2026
Director Marquina Javier sold 1,800 Ordinary Shares at $3.09 (~$5.56K). Marquina Javier holds 28,408 shares after the transaction.
- · Director Marquina Javier sold 1,800 Ordinary Shares at $3.09 (~$5.56K)
- · Director Marquina Javier sold 1,760 Ordinary Shares at $3.08 (~$5.42K)
04-09-2026
Chief Accounting Officer How Antoinette sold 35,581 Class A Common Stock at $2.25 (~$80.1K). Trades executed under a Rule 10b5-1 plan.
- · Chief Accounting Officer How Antoinette sold 35,581 Class A Common Stock at $2.25 (~$80.1K)
04-09-2026
Executive VP DeSilva Joseph sold 631 Common Stock at $282.87 (~$178K). DeSilva Joseph holds 18,824.188 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Executive VP DeSilva Joseph sold 631 Common Stock at $282.87 (~$178K)
04-09-2026
Director ZINGALE ANTHONY disposed to the issuer 26,666 Stock Option (Right to Buy).
- · Director ZINGALE ANTHONY disposed to the issuer 26,666 Stock Option (Right to Buy)
04-09-2026
Director TYNDALL JOSEPH A. sold 3,500 Common Stock at $49.70 (~$174K). TYNDALL JOSEPH A. holds 10,650 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Director TYNDALL JOSEPH A. sold 3,500 Common Stock at $49.70 (~$174K)
04-09-2026
Director Lane Nathan disposed to the issuer 23,350 Common Stock.
- · Director Lane Nathan disposed to the issuer 23,350 Common Stock
04-09-2026
Chief Legal Officer Emerson Daniel P sold 917 Common Stock at $217.65 (~$200K). Emerson Daniel P holds 112,327 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Legal Officer Emerson Daniel P sold 917 Common Stock at $217.65 (~$200K)
- · Chief Legal Officer Emerson Daniel P sold 744 Common Stock at $217.03 (~$161K)
04-09-2026
Director Pegueros Vanessa disposed to the issuer 22,663 Common Stock.
- · Director Pegueros Vanessa disposed to the issuer 22,663 Common Stock
04-09-2026
10% owner HORIZON KINETICS ASSET MANAGEMENT LLC bought 1 Common Stock at $367.61 (~$368). HORIZON KINETICS ASSET MANAGEMENT LLC holds 3,390,840 shares after the transaction.
- · 10% owner HORIZON KINETICS ASSET MANAGEMENT LLC bought 1 Common Stock at $367.61 (~$368)
04-09-2026
CHIEF FINANCIAL OFFICER Bertelsen Jeffrey A. sold 25,000 Common Stock at $15.00 (~$375K). Bertelsen Jeffrey A. holds 168,067 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · CHIEF FINANCIAL OFFICER Bertelsen Jeffrey A. exercised/converted 25,000 Common Stock at $0.60 (~$15K)
- · CHIEF FINANCIAL OFFICER Bertelsen Jeffrey A. sold 25,000 Common Stock at $15.00 (~$375K)
- · CHIEF FINANCIAL OFFICER Bertelsen Jeffrey A. exercised/converted 25,000 Employee Stock Option (Right to Buy)
04-09-2026
Director Nunn Jason Raleigh disposed to the issuer 219,561 Common Stock. 4 transactions reported in total. Nunn Jason Raleigh holds 219,561 shares after the transaction.
- · Director Nunn Jason Raleigh disposed to the issuer 219,561 Common Stock
- · Director Nunn Jason Raleigh was awarded 219,561 Common Stock
- · Director Nunn Jason Raleigh disposed to the issuer 50,000 Stock-option (Right to Buy)
- · Director Nunn Jason Raleigh was awarded 50,000 Stock-option (Right to Buy)
04-09-2026
Director Wesemann William disposed to the issuer 43,655 Common Stock.
- · Director Wesemann William disposed to the issuer 43,655 Common Stock
- · Director Wesemann William disposed to the issuer 7,067 Stock Option (Right to Buy)
04-09-2026
10% owner Control Empresarial de Capitales S.A. de C.V. sold 54,484 Class A Common Shares (as defined in Exhibit 99.1 hereto) at $77.09 (~$4.2M). Control Empresarial de Capitales S.A. de C.V. holds 14,185,397 shares after the transaction.
- · 10% owner Control Empresarial de Capitales S.A. de C.V. sold 45,516 Class A Common Shares (as defined in Exhibit 99.1 hereto) at $76.94 (~$3.5M)
- · 10% owner Control Empresarial de Capitales S.A. de C.V. sold 54,484 Class A Common Shares (as defined in Exhibit 99.1 hereto) at $77.09 (~$4.2M)
04-09-2026
EXECUTIVE VICE PRESIDENT Wilson Ian had withheld for taxes 514 Ordinary Shares at $45.82 (~$23.6K). Wilson Ian holds 92,157.2 shares after the transaction.
- · EXECUTIVE VICE PRESIDENT Wilson Ian exercised/converted 5,782 Ordinary Shares
- · EXECUTIVE VICE PRESIDENT Wilson Ian had withheld for taxes 514 Ordinary Shares at $45.82 (~$23.6K)
- · EXECUTIVE VICE PRESIDENT Wilson Ian exercised/converted 5,782 Restricted Stock Units
04-09-2026
EVP & Chief Legal Officer Wessling Erin M had withheld for taxes 255 Common Stock at $414.78 (~$106K). Wessling Erin M holds 7,230 shares after the transaction.
- · EVP & Chief Legal Officer Wessling Erin M had withheld for taxes 94 Common Stock at $405.84 (~$38.1K)
- · EVP & Chief Legal Officer Wessling Erin M had withheld for taxes 255 Common Stock at $414.78 (~$106K)
04-09-2026
VP, CAO, Corporate Controller Brown David Lawrence sold 10,553 Common Stock at $2.54 (~$26.8K). Brown David Lawrence holds 103,558 shares after the transaction.
- · VP, CAO, Corporate Controller Brown David Lawrence sold 10,553 Common Stock at $2.54 (~$26.8K)
04-09-2026
Director Kim Joyce exercised/converted 5,246 Common Stock. Kim Joyce holds 7,386 shares after the transaction.
- · Director Kim Joyce exercised/converted 5,246 Common Stock
- · Director Kim Joyce exercised/converted 5,246 Restricted Stock Unit
04-09-2026
CHIEF MEDICAL OFFICER Mills Roger disposed to the issuer 392,837 Common Stock. 4 transactions reported in total. Mills Roger holds 785,976 shares after the transaction.
- · CHIEF MEDICAL OFFICER Mills Roger disposed to the issuer 392,837 Common Stock
- · CHIEF MEDICAL OFFICER Mills Roger was awarded 392,837 Common Stock
- · CHIEF MEDICAL OFFICER Mills Roger disposed to the issuer 50,000 Stock-option (Right to Buy)
- · CHIEF MEDICAL OFFICER Mills Roger was awarded 50,000 Stock-option (Right to Buy)
04-09-2026
EVP & Chief HR Officer Craig Ryan R had withheld for taxes 144 Common Stock at $405.84 (~$58.4K). Craig Ryan R holds 6,530 shares after the transaction.
- · EVP & Chief HR Officer Craig Ryan R had withheld for taxes 144 Common Stock at $405.84 (~$58.4K)
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Significant Contract Modifications ($10M+) — September 05, 2026
Significant Contract Modifications ($10M+)
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NASA & Space Contracts Intelligence — September 05, 2026
NASA & Space Contracts Intelligence