The $X Million Insider Dump

🥫✈️📊🛒🌊🛢🏠⚒🏦🏙

April 21, 2025

Today's Top Insider Moves That Matter

Red ruled the screen today as nearly every major sector closed in the red.

Technology was hit hardest—especially semiconductors, enterprise software, and infrastructure platforms—while consumer cyclicals and healthcare also bore the brunt of risk-off sentiment. Financials held up better, but pressure persisted even in staples like insurance and banks. The only green? Scattered gains in entertainment and a lone chipmaker.

Against that backdrop, insider behavior painted a sharper picture. Tech and industrial insiders used the weakness to quietly trim positions, while financial and energy insiders clustered into aggressive buys. In particular, energy micro-caps and homebuilding materials drew fresh capital from high-conviction buyers. The divergence is clear: insiders aren’t watching headlines—they’re watching value. Today’s filings reveal where belief persists, even when the market flinches.

Let’s dive into the biggest insider sales shaking the tree—and the boldest buys catching the falling knives.

Biggest Insider Sales

🥫 Kellanova $K ( ▼ 0.18% ) – $9.4M Trim by Longtime Stakeholder

  • Who’s Selling? W. K. Kellogg Foundation Trust (10% Owner)

  • What They Sold: 114,583 shares at $82.26

  • Total Value: $9.4M

  • Why It Matters: The Foundation offloaded a sizable block, but with over 47 million shares still held, this seems like maintenance—not a signal of shifting outlook.

✈️ TransDigm Group $TDG ( ▲ 0.74% ) – Co-COO Cuts Stake Nearly in Half

  • Who’s Selling? Joel Reiss (Co-COO)

  • What He Sold: 3,300 shares at $1,321.80

  • Total Value: $4.36M

  • Why It Matters: While the value may seem modest, this represents a 48% reduction in his personal holdings—a high-percentage move in a high-flying aerospace name.

📊 Pegasystems $PEGA ( ▲ 0.38% ) – Founder Sells $4.3M

  • Who’s Selling? Alan Trefler (CEO, Chair, 10% Owner)

  • What He Sold: 63,054 shares at $68.48

  • Total Value: $4.3M

  • Why It Matters: Trefler’s holding still tops 39.5M shares, but the sale is part of a broader pattern of regular trims as the stock rebounds from last year’s lows.

🛒 Costco $COST ( ▲ 0.17% ) – EVP Dumps Nearly $4M

  • Who’s Selling? James Klauer (EVP)

  • What He Sold: 4,000 shares at $981.07

  • Total Value: $3.92M

  • Why It Matters: An 8% cut to his stake. Notable timing, given Costco’s strong run and expansion into new categories.

🌊 Sable Offshore $SOC ( ▲ 1.07% ) – Institutional Holder Cashes Out

  • Who’s Selling? Pilgrim Global ICAV (10% Owner)

  • What They Sold: 143,806 shares at $25.37

  • Total Value: $3.65M

  • Why It Matters: The 1% reduction won’t turn heads alone, but heavy-volume selling from major holders can test the market’s confidence.

With key figures exiting tech, staples, and industrials today, the theme appears to be targeted trims—likely tax or rebalance-related.

Now let’s flip the script and see who’s buying big in today’s market.

You’ve seen the exits. Now see where the money’s going

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