$757M Insider Buy Plus a 98% Gain You Missed

This Week's Top Insider Moves That Matter

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If there’s one word for this week, it’s divergence.

While tech, financials, and consumer cyclicals bled red across the board, insiders didn’t flinch. Semiconductor weakness was deep and broad, software cracked hard, and big banks weren’t spared—but inside the Form 4s, something very different was brewing.

Insiders stepped up in overlooked corners of the market: a strategic asset manager dropped three-quarters of a billion into a peer, ag-tech executives doubled down as the sector bottomed, and capital kept flowing into high-yield and special situation funds.

When markets correct, conviction matters. This week, insiders showed exactly where they believe the bounce begins.

Biggest Insider Sales

📊 Boston Scientific $BSX ( ▲ 0.75% ) – CEO Sells $16.4M

• Who’s Selling? Michael Mahoney (Chairman, President & CEO)

• What He Sold: 164,442 shares at $100.01

• Total Value: $16.4M

• Why It Matters: A sale of this size from the CEO—even with a large remaining stake—suggests either long-term portfolio reshuffling or a cautious stance after a strong run in medtech.

🚘 Carvana $CVNA ( ▲ 0.91% ) – COO Unloads $10.4M

• Who’s Selling? Benjamin Huston (Chief Operating Officer)

• What He Sold: 50,000 shares at $207.32

• Total Value: $10.4M

• Why It Matters: Huston still holds over 128K shares, but trimming at 52-week highs may raise eyebrows in a stock that’s rallied hard despite fundamentals lagging.

📱 Apple $AAPL ( ▲ 0.44% ) – GC Sheds $8.7M

• Who’s Selling? Katherine Adams (SVP, General Counsel)

• What She Sold: 38,822 shares at $223.67

• Total Value: $8.7M

• Why It Matters: A senior exec offloading a meaningful slice while still holding 179K shares. Not a red flag, but worth noting in an environment of rising regulatory heat.

📦 DoorDash $DASH ( ▲ 0.29% ) – COO Sells $3.7M

• Who’s Selling? Prabir Adarkar (President & COO)

• What He Sold: 20,000 shares at $185.58

• Total Value: $3.7M

• Why It Matters: DoorDash insiders continue to lighten up post-lockup. With over 887K shares still in hand, this looks more like staged diversification than anything ominous.

🎬 Netflix $NFLX ( ▲ 0.43% ) – CFO Drops $2.4M

• Who’s Selling? Spencer Neumann (Chief Financial Officer)

• What He Sold: 2,601 shares at $921.72

• Total Value: $2.4M

• Why It Matters: A relatively small slice, but the timing is notable. With NFLX trading near all-time highs, the CFO’s move may reflect valuation sensitivity.

Biggest Insider Buys

📊 AllianceBernstein $AB ( ▼ 0.48% ) – $757.8M from Equitable

• Who’s Buying? Equitable Holdings, Inc. (10% Owner)

• What They Bought: 19.68M shares at $38.50

• Total Investment: $757.8M

• Why It Matters: This isn’t a nibble—it’s a takeover-sized position from a major asset manager. Equitable has been gradually building its stake, but this week’s move is next-level commitment.

🚘 Aeva Technologies $AEVA ( ▼ 2.27% ) – $23.3M Conviction Add

• Who’s Buying? Sylebra Capital LLC (10% Owner)

• What They Bought: 3.56M shares at $6.54

• Total Investment: $23.3M

• Why It Matters: Sylebra’s history with AEVA has been mixed, but this is its largest buy to date. A rare show of bullishness in a beaten-down lidar name.

📡 Voxx International $VOXX ( 0.0% ) – $15.76M Director Bet

• Who’s Buying? Steven Downing (Director)

• What He Bought: 3.15M shares at $5.00

• Total Investment: $15.76M

• Why It Matters: Downing’s history shows consistent support, but this week's massive buy is clouded by an odd zero-share post-trade report. Still, the size speaks volumes.

💼 Carlyle Tactical Credit (TAKAX) – $15M from Thrivent

• Who’s Buying? Thrivent Financial for Lutherans (10% Owner)

• What They Bought: 600K shares at $25.00

• Total Investment: $15M

• Why It Matters: This isn’t a first. Thrivent has been steadily accumulating this income play—and this latest block confirms their longer-term thesis.

🌱 Local Bounti $LOCL ( ▲ 12.9% ) – $3.4M from Charles Schwab

• Who’s Buying? Charles R. Schwab (10% Owner)

• What He Bought: 1.7M shares at $2.00

• Total Investment: $3.4M

• Why It Matters: Schwab had been quietly offloading shares of his namesake brokerage (SCHW) for months—but this is very different. His $3.4M buy in LOCL marks a sharp turn: it’s his only recent purchase, and he boosted his stake by 149% in one move. The contrast suggests strategic rotation into a high-conviction off-the-radar bet.

🔬Insider Under the Microscope: Local Bounti

This week, Local Bounti $LOCL ( ▲ 12.9% ) delivered the single biggest upside surprise we’ve seen from a micro-cap agtech name all year—surging +98% in one session after a game-changing insider move.

On March 31, Charles R. Schwab, the brokerage pioneer and long-time LOCL backer, bought 1.7 million shares at $2.00, a $3.4 million investment that increased his ownership by 149%. The trade wasn’t just large—it was well-timed. Schwab’s buy hit the tape on April 2, and the stock ripped the next day, closing at $4.75 on massive volume.

Why does this matter? Because Schwab has been selling his namesake stock $SCHW ( ▲ 0.71% ) for months—yet here, he doubled down. And not alone: other insiders, including CFO-turned-CEO Kathleen Valiasek and co-founders Travis Joyner and Craig Hurlbert, have also been nibbling since late 2024.

Local Bounti is one of the few remaining players in the imploding indoor farming sector that hasn’t gone bankrupt. Rivals like AppHarvest, AeroFarms, Bowery, and Plenty have collapsed, while LOCL restructured $197 million of debt, extended maturities to 2027, and landed new multi-year distribution deals with Walmart and Sam’s Club.

Still, it’s not a fairy tale. Losses remain steep (–$120M in 2024), and the path to profitability is narrow. But with insiders committing capital, operations tightening up, and rivals dying off, Local Bounti may be turning a corner—fast.

Whether Schwab’s move was pure value hunting or the early signal of a broader turnaround, it lit a fire under a stock that’s been left for dead. For now, it’s not just lettuce growing in their greenhouses—it’s momentum.

👀 This was just one of five major trades were flagged this week.
Access+ members saw the rest — as they happened, not after the market moved.

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