Insider Trading Daily Recap - April 9, 2026
April 9, 2026: 68 insider buys ($21.96M) and 102 sells ($107.29M). 43 dip buys detected.
In This Article
Here's your daily summary of insider trading activity from SEC Form 4 filings filed on April 9, 2026.
Largest Insider Purchases
The biggest open market purchases by corporate insiders today:
Insiders Buying the Dip
These insiders purchased shares while their stock was trading 15%+ below its 52-week high - a potentially bullish signal:
| Stock | Insider | Value | % Below 52W High |
|---|---|---|---|
| LW | JANA Partners Management, LP | $5.56M | 38.6% |
| LW | JANA Partners Management, LP | $4.14M | 37.8% |
| SG | GOLDMAN SACHS GROUP INC | $3.22M | 74.1% |
| RPAY | Forager Fund, L.P. | $1.25M | 56.9% |
| RPAY | Forager Fund, L.P. | $847.0K | 59.4% |
| RPAY | Forager Fund, L.P. | $211.7K | 55.0% |
| SG | GOLDMAN SACHS GROUP INC | $64.0K | 74.1% |
| SPRU | STEEL PARTNERS HOLDINGS L.P. | $57.9K | 38.3% |
| BZUN | Qiu Wenbin | $30.1K | 47.4% |
| BZUN | Qiu Wenbin | $29.9K | 45.9% |
Bullish Reversals
These insiders were net sellers over the past 30 days but have now started buying - a potential signal of changing sentiment:
- GF - Saba Capital Management, L.P. purchased $259.5K worth of shares
- MXF - Saba Capital Management, L.P. purchased $48.8K worth of shares
Notable Insider Sales
The largest insider sales filed today. Note: Insider selling can occur for many reasons unrelated to company outlook (diversification, estate planning, tax obligations, etc.):
| Stock | Insider | Shares | Value |
|---|---|---|---|
| WTTR | Crestview Partners II GP, L.P. | 2,430,240 | $36.75M |
| WTTR | Crestview Partners II GP, L.P. | 665,983 | $10.07M |
| GRAL | RAGUSA ROBERT P | 123,502 | $6.16M |
| KVYO | Bialecki Andrew | 200,000 | $3.73M |
| GRAL | Ofman Joshua J. | 61,665 | $3.08M |
How to Interpret Insider Trading Data
Insider trading data from SEC Form 4 filings can provide valuable signals, but requires context:
- Open market purchases are most significant: When insiders voluntarily buy shares with their own money, it often signals confidence.
- Buying the Dip matters: Insiders purchasing when their stock is down significantly may have insight into the company's prospects.
- Selling is less informative: Insiders sell for many personal reasons unrelated to company outlook.
- Cluster buying is powerful: Multiple insiders buying around the same time is a stronger signal than individual trades.
- Consider position size: Large purchases relative to an insider's holdings show higher conviction.
Track all insider trades in real-time on our Insider Trades page.
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