Note: The transactions reported here refer to legal insider trading — purchases, sales, and other dealings in company securities by executives, directors, and major shareholders, which are required by law to be disclosed to the SEC via Form 4 filings within two business days of the transaction. This article covers the top 100 most significant transactions by dollar value from today's filings. This is entirely distinct from illegal insider trading, which involves buying or selling securities based on material, non-public information in violation of US federal securities law and equivalent legislation in other jurisdictions.
Insider trading activity on October 22, 2026, showed a decidedly bearish tilt, with sales outnumbering purchases by a wide margin. Of the 100 total trades recorded, only 11 were buys, while 89 were sales, signaling potential caution among corporate insiders. The disparity in volume highlights a notable shift toward profit-taking or risk reduction, particularly in high-profile names across sectors.
The largest insider purchases were concentrated in just three companies. XCF Global, Inc. saw the most significant bullish activity, with EEME Energy SPV I, LLC, a 10% owner, making two separate purchases totaling $284.2 million in SAFX stock. Pampa Energía S.A. followed, as Director Mindlin Marcos Marcelo executed two buys worth $70.2 million in PAM shares. PepsiCo, Inc. rounded out the top buys, with Director Robert C. Pohlad acquiring $23.7 million in PEP stock. These sizable investments suggest confidence in these specific companies despite the broader trend of selling.
On the sales side, the dollar amounts were substantially larger, dominated by high-profile executives and major shareholders. Eli Lilly and Company led the sell-off, as shareholder Lilly Endowment, Inc. proposed two sales totaling $737.4 million in LLY stock. CrowdStrike Holdings, Inc. also saw heavy selling, with President and CEO George Kurtz proposing two sales of CRWD shares worth $282.0 million. Snowflake Inc. completed the top sales, with Director Frank Slootman offloading $94.9 million in SNOW stock. These transactions may reflect portfolio rebalancing or profit-taking after recent market gains.
The stark contrast between the few large buys and the widespread, high-value sales suggests a cautious outlook among insiders. While some executives are doubling down on select companies, the overwhelming volume of sales could indicate broader concerns about valuation or near-term market headwinds. Investors may want to monitor whether this trend continues in the coming sessions.
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Top 10 Stocks — Insider Activity
Price Charts — Top 3 Stocks
LLY — Eli Lilly and Company
LLY — Eli Lilly and Company
SAFX — XCF Global, Inc.
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Source: SEC Form 4 filings. Updated twice daily.
