Insider Trading Daily Recap - April 20, 2026
April 20, 2026: 36 insider buys ($43.80M) and 96 sells ($83.41M). 15 dip buys detected.
In This Article
Here's your daily summary of insider trading activity from SEC Form 4 filings filed on April 20, 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 |
|---|---|---|---|
| THM | PAULSON & CO. INC. | $12.58M | 29.1% |
| ALMR | Illumina Innovation Fund II GP, L.L.C. | $4.00M | 23.6% |
| ALMR | Naclerio Nicholas | $4.00M | 23.6% |
| SCLX | Ji Henry | $3.90M | 96.0% |
| SCLX | Ma Stephen Hoi | $780.0K | 96.0% |
| IMDX | BROADWOOD PARTNERS, L.P. | $351.7K | 59.4% |
| IMDX | BROADWOOD PARTNERS, L.P. | $158.0K | 54.2% |
| IMDX | BROADWOOD PARTNERS, L.P. | $143.3K | 57.9% |
| AIRS | Chernett Jorey | $101.6K | 78.2% |
| LOVE | Nelson Shawn David | $25.0K | 20.6% |
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 $240.9K worth of shares
- MXF - Saba Capital Management, L.P. purchased $3.9K 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 |
|---|---|---|---|
| MP | Litinsky James H. | 259,179 | $16.60M |
| SE | Ma David Y | 83,101 | $7.51M |
| SE | Ma David Y | 76,252 | $7.04M |
| ENTG | LOY BERTRAND | 44,138 | $6.37M |
| ASX | Chen Jeffrey | 9,000 | $4.15M |
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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