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Insider Trading Daily Recap

Insider Trading Daily Recap - October 20, 2026

October 20, 2026: 65 insider buys ($80.58M) and 79 sells ($58.01M). 25 dip buys detected.

October 21, 2026Updated Oct 21, 20263 min read

Here's your daily summary of insider trading activity from SEC Form 4 filings filed on October 20, 2026.

Total Trades
217
Buys
65
$80.58M
Sells
79
$58.01M
Dip Buys
25

Largest Insider Purchases

The biggest open market purchases by corporate insiders today:

1
SKYD $58.80M Open Market BuyBuying the DipLarge Buy ($100K+)Major Buy ($500K+)
-
Cardinale Gerald J. (director) 4,900,000 shares @ $12.00
2
CRBG $12.05M Open Market BuyLarge Buy ($100K+)Major Buy ($500K+)
-
NIPPON LIFE INSURANCE CO (10 percent owner) 347,195 shares @ $34.71
3
AASP $2.10M Open Market BuyLarge Buy ($100K+)Major Buy ($500K+)
-
AGASSI ANDRE K (10 percent owner) 300,000 shares @ $7.00
4
LEO $1.42M Open Market BuyLarge Buy ($100K+)Major Buy ($500K+)
-
Saba Capital Management, L.P. (10 percent owner) 250,087 shares @ $5.66
5
AASP $1.40M Open Market BuyLarge Buy ($100K+)Major Buy ($500K+)
-
AGASSI ANDRE K (10 percent owner) 200,000 shares @ $7.00

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
SKYD Cardinale Gerald J. $58.80M 28.3%
DSM Saba Capital Management, L.P. $477.9K 15.9%
DSM Saba Capital Management, L.P. $365.4K 15.8%
BOLD TANG KEVIN $276.6K 22.0%
DSM Saba Capital Management, L.P. $253.2K 16.2%
ECF Saba Capital Management, L.P. $195.9K 16.6%
ECF Saba Capital Management, L.P. $190.4K 15.3%
GF Saba Capital Management, L.P. $155.6K 15.5%
GF Saba Capital Management, L.P. $155.1K 15.7%
DX Popenoe Smriti Laxman $106.2K 28.0%

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
MU Deboer Scott J 28,444 $25.60M
NZF Robert Young L 16,131 $17.63M
CRSP Kulkarni Samarth 47,837 $2.38M
VG Thayer Jonathan W 111,111 $1.41M
VG Thayer Jonathan W 111,111 $1.41M

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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