Insider Trading Daily Recap - May 4, 2026
May 4, 2026: 54 insider buys ($4.44M) and 129 sells ($82.87M). 1 dip buys detected.
In This Article
Here's your daily summary of insider trading activity from SEC Form 4 filings filed on May 4, 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 |
|---|---|---|---|
| TPL | HORIZON KINETICS ASSET MANAGEMENT LLC | $433.13 | 19.8% |
Bullish Reversals
These insiders were net sellers over the past 30 days but have now started buying - a potential signal of changing sentiment:
- MXF - Saba Capital Management, L.P. purchased $4.6K 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 |
|---|---|---|---|
| NUE | Sumoski David A | 32,824 | $7.41M |
| AR | Kennedy Michael N. | 170,740 | $6.71M |
| LRCX | Fernandes Neil J | 18,170 | $4.64M |
| PTEN | Drummond Robert Wayne Jr | 322,699 | $3.89M |
| STKL | Hollis Richard Dean | 589,862 | $3.83M |
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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