Overview
Insider activity this period was led by significant selling in healthcare and manufacturing, while notable buying was concentrated in consumer discretionary and select biotech names.
High Signal
LLYVK — John C Malone acquired $2.90M (first recorded purchase).
INBX — Chief Executive Officer (Mark Lappe) purchased $1.00M across 4 filings between 2026-09-25 and 2026-09-28 (7th, 8th, 11th, and 13th largest purchases out of 22). (indirect — By the Lappe Family Trust). 3 other insiders also purchased in the last 30 days.
Notable Buys
GPI — L.L.C. Conifer Management purchased $30.7M across 12 filings between 2026-09-24 and 2026-09-25 (first recorded purchases). (indirect — See footnote) (private placement). These purchases were made by various commingled investment vehicles managed by the reporting person. The activity represents a series of initial positions in the stock.
QVCG — Asset Management Lp Goldentree purchased $1.15M (first recorded purchase). (indirect — See footnotes). The purchase was made by funds managed by GoldenTree Asset Management.
HDSN — LP Hartree Partners purchased $604K (first recorded purchase). The purchase was made directly and represents a new position in the company.
Notable Sells
INNV — Ignite Aggregator LP and Carson, Anderson & Stowe XII, L.P. Welsh sold 20,000,000 shares (aggregate notional value $92.5M) on 2026-09-24 (indirect — See Footnotes). These were large block sales in an underwritten public offering, not open-market sales.
BNTX — Chief Executive Officer (Sahin Ugur) sold $6.0M across 2 filings between 2026-09-25 and 2026-09-28 (8th and 15th largest sales out of 17). The sales represent continued trimming of a large position.
QFIN — Yan Andrew Y sold $4.89M across 2 filings between 2026-09-24 and 2026-09-25 (complete exit; 50% and then 100% reduction in holdings) (indirect — By Morning Star Resources Ltd). The sales were executed via an entity and resulted in a full exit from the position.
WOR — John P/oh Mcconnell sold $4.2M across 3 filings between 2026-09-24 and 2026-09-25. The sales were executed in multiple tranches at varying prices.
P — Chief Product Officer (Singh Ajay) sold $5.33M (13th largest sale out of 13). The sale was executed in a single block.
Patterns
- Consumer discretionary and specialty retail saw the largest cluster of insider buying, primarily via investment vehicles and private placements.
- Healthcare and biotech insiders were active on both sides, with notable CEO buying and large fund-driven sales.
- Several large block sales in healthcare and manufacturing were executed via indirect or fund entities, not by individual officers.
Close
Top buy tickers by $ value: GPI $30.7M, LLYVK $2.90M, QVCG $1.15M.
Top sell tickers by $ value: INNV $92.5M, P $5.33M, BNTX $6.0M.
EARNINGS AHEAD
WOR — estimated report ~Oct 6 (quarterly)