Overview
Insider buying was concentrated in regional banks and biotech, while selling was dominated by healthcare and internet retail names.
High Signal
FSBC — Multiple insiders at FIVE STAR BANCORP made significant open-market purchases across 6 filings on 2026-07-22. Allbaugh Larry Eugene purchased $4.00M (largest purchase of 15). Perry-Smith Robert Truxtun bought $1.38M (2nd largest purchase, out of 24). Ramos Kevin Francis bought $250K (largest purchase of 2). Riggs Judson Teichert bought $100K (largest purchase of 3). Lucas Donna bought $50K (2nd largest purchase, out of 7). These purchases represent meaningful increases in holdings, with several insiders increasing their stakes by 3-14%. Four other insiders also purchased in the last 30 days, indicating strong coordinated buying interest in the regional banking sector.
CLIR — John M Pasquesi purchased $1.77M of ClearSign Technologies Corp (first recorded purchase). This buy increased his holdings by 59%. The transaction stands out for both its size and the substantial increase in ownership.
Notable Buys
ACOG — Opaleye Management Inc. purchased a total of $1.57M of Alpha Cognition Inc. across three open-market buys between 2026-07-22 and 2026-07-23 (largest purchase of 44). This is a repeat buyer with a history of 44 trades in the ticker, and the latest purchases increased their holdings by up to 11%. Buying continues as the stock consolidates in the biotech sector.
PNFP — Chief Banking Officer (Robert A Mccabe Jr) bought $1.00M of Pinnacle Financial Partners, Inc. on 2026-07-24 (first purchase of PNFP). This marks a notable new position in the regional banking space.
GDTC — Choo Chee Kong purchased $600K of CytoMed Therapeutics Ltd across four open-market buys between 2026-07-14 and 2026-07-20 (largest purchase of 3). These repeated purchases increased his holdings by up to 23%, showing strong conviction in the pharmaceutical preparations sector.
Notable Sells
VSXY — International Pte Ltd Bbrc sold $25.73M of Victoria's Secret & Co. on 2026-07-22. This is a large notional sale, though the holding percentage change was modest at 3%.
LQDA — Bloch Stephen M sold a total of $17.77M of Liquidia Corp across five open-market sales between 2026-07-22 and 2026-07-23 (largest sale of 48). This insider has a long history of trading the ticker, and seven other insiders also sold in the last 30 days, indicating broad-based selling in the specialty drug manufacturing sector.
BFLY — Jonathan M Rothberg sold $4.17M of Butterfly Network, Inc. across four open-market sales on 2026-07-22 (largest sale of 5). Five insiders have sold in the last 30 days, and the sales represented a full exit from the position.
UTHR — Chairperson & CEO (Martine A Rothblatt) sold $5.80M of UNITED THERAPEUTICS Corp across nine open-market sales on 2026-07-23 (largest sale of 48). These sales were incremental, with each representing less than 1% of holdings.
SE — COO (Ye Gang) and CCO and GC (Wang Yanjun) sold a combined $4.97M of Sea Ltd across 15 open-market sales between 2026-07-22 and 2026-07-23. The sales were spread across two executives, with multiple incremental transactions, and followed a period of relative price stability in the internet retail sector.
Patterns
- Five Star Bancorp saw coordinated buying by five insiders, all on the same day, with several increasing their stakes by double digits.
- Healthcare and biotech sectors were active on both sides, with large buys in Alpha Cognition and ClearSign, and heavy selling in Liquidia and Butterfly Network.
- Multiple insiders sold Liquidia Corp and Butterfly Network, with both tickers seeing at least five insiders selling in the last 30 days.
Close
Top buy tickers by $ value: FSBC $5.79M, CLIR $1.77M, ACOG $1.57M.
Top sell tickers by $ value: VSXY $25.73M, LQDA $17.77M, BFLY $4.17M.
EARNINGS AHEAD
LQDA — estimated report ~Jul 30 (quarterly)
BFLY — estimated report ~Aug 6 (quarterly)
FSBC — estimated report ~Aug 14 (quarterly)