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 leaned heavily bearish on October 28, with sales outnumbering purchases by a wide margin. Of the 100 total trades reported, 93 were sales while only 7 were buys. The aggregate value of sales dwarfed purchases, driven by a single massive transaction in InnSuites Hospitality Trust. However, several notable bullish bets stood out, particularly in the industrial and financial sectors.
The largest insider purchases were led by MSC Industrial Direct Co., Inc. (MSM), where Director Mitchell Jacobson acquired $29 million worth of shares. Corebridge Financial, Inc. (CRBG) saw two major buys from 10% owner Nippon Life Insurance Co., totaling $28.9 million. Stride, Inc. (LRN) Director Dylan G. Haggart invested $7.5 million, while Scholar Rock Holding Corporation (SRRK) Director Srinivas Akkaraju purchased $6.1 million in stock. These concentrated buys suggest confidence in these companies' prospects despite broader market caution.
Sales activity was dominated by an extraordinary $2.01 billion transaction by InnSuites Hospitality Trust (IHT) President & CEO James F. Wirth. Snowflake Inc. (SNOW) Director Frank Slootman executed two sales of $94.9 million each, while Bentley Systems, Incorporated (BSY) Director Raymond B. Bentley filed to sell $135 million worth of shares across two proposed transactions. The scale of these sales, particularly in technology and software firms, indicates potential profit-taking or portfolio rebalancing among executives.
Related Reading
Regulatory Developments→Market News→Bulls & Bears Outlook→The stark imbalance between buys and sales today—both in quantity and dollar volume—points to prevailing caution among corporate insiders. While a handful of executives demonstrated conviction with multi-million dollar purchases, the overwhelming sell-side activity, especially in the tech sector, may signal concerns about valuations or upcoming earnings. Track all insider trades in real time on the MarketsFN Insider Trading Tracker.
Top 10 Stocks — Insider Activity
Price Charts — Top 3 Stocks
IHT — InnSuites Hospitality Trust
SNOW — Snowflake Inc.
SNOW — Snowflake Inc.
MarketsFN Insider Trading Tracker
Monitor all SEC Form 4 filings in real time — filter by company, role, transaction type and dollar value.
Source: SEC Form 4 filings. Updated twice daily.
