Insider & Smart-Money Digest — Oct 09, 2026
Top signal: notable sale: ANET $100.75M (C-suite sale of $100.75M across 6 tranches).
NYSE: OPEN · Form 4 filings through 10:42 PM PT · Edition window: filings dated Oct 08–Oct 09Top signal: notable sale: ANET $100.75M (C-suite sale of $100.75M across 6 tranches).
A · Cluster buys — 3+ insiders, 14 days
No active clusters today — no ticker has 3+ distinct insiders buying within 14 days.
B · Today's Form 4 flow — the tracked universe
No new open-market buys filed since the last edition.
Notable sales — the ones that are not noise (3)
| Ticker | Insider | Role | Txn dates | Shares | Total value | Why flagged |
|---|---|---|---|---|---|---|
| ANET | Ullal Jayshree | director, officer: CEO and Chairperson | 2026-10-06 → 2026-10-07 | 473,058 in 6 tranches | $100.75M | C-suite sale of $100.75M across 6 tranches |
| CRWD | Kurtz George | director, officer: PRESIDENT AND CEO | 2026-10-06 | 3,800 | $1.06M | C-suite sale of $1.06M |
| MRVL | Scarpulla Justin | officer: SVP, Chief Accounting Officer | 2026-10-08 | 1,100 | $301k | sold 55% of the position in one tranche |
⚠️ ANET: cluster selling — 3 distinct insiders sold in the last 14 days ($114.38M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.
⚠️ CRWD: cluster selling — 4 distinct insiders sold in the last 14 days ($108.99M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.
⚠️ AAPL: cluster selling — 4 distinct insiders sold in the last 14 days ($89.38M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.
Filtered as noise this edition: 27 routine open-market sales ($6.86M total); 2 gifts; 31 synchronized plan purchases (TSM) — whole officer corps at one price on one date = plan allotment, excluded from all signals.
C · High-conviction singles
No non-cluster buys tripped a conviction filter in this edition.
D · Clusters forming — one buyer away
No two-buyer names right now.
E · Congress — newly disclosed (last 7 days)
| Ticker | Member | Chamber | Type | Amount | Traded | Disclosed | Owner |
|---|---|---|---|---|---|---|---|
| AMZN | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-04 | 2026-10-09 | — |
| MSFT | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-04 | 2026-10-09 | — |
| TSLA | Ro Khanna | House | Purchase | $15,001 - $50,000 | 2026-09-11 | 2026-10-09 | — |
| META | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-11 | 2026-10-09 | — |
| COST | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-11 | 2026-10-09 | — |
| VICI | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-11 | 2026-10-09 | — |
| CDNS | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-09-11 | 2026-10-09 | — |
| WM | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-09-11 | 2026-10-09 | — |
| MRVL | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-09-11 | 2026-10-09 | — |
STOCK Act disclosures lag the trade by up to ~45 days and amounts are ranges — corroborating sentiment, not a timing signal.
F · Smart-money context — active names
ANET — Insider stats 2026 Q4: 0 open-market purchases vs 14 sales (last quarter: 0 vs 233) · free float 83.0% of 1.26B shares out · next earnings 2026-11-03 (25d) · 14d open-market sales: $114.38M by 3 insider(s) vs buys $0
CRWD — Insider stats 2026 Q4: 0 open-market purchases vs 56 sales (last quarter: 0 vs 718) · free float 98.2% of 1.02B shares out · next earnings 2026-12-01 (53d) · 14d open-market sales: $108.99M by 4 insider(s) vs buys $0
MRVL — Insider stats 2026 Q4: 0 open-market purchases vs 2 sales (last quarter: 0 vs 7) · free float 99.2% of 0.88B shares out · next earnings 2026-12-01 (53d) · 14d open-market sales: $2.92M by 2 insider(s) vs buys $0
G · 14-day leaderboard — open-market insider flow
No open-market insider buying anywhere in the tracked universe in the last 14 days.
Method: Only open-market purchases (Form 4 code P) count as buy signals; sales are shown only when a notable-sale filter trips (C-suite ≥ $1M, any sale ≥ $10M, ≥25% of the seller's position, or 3+ sellers in 14 days). Option exercises, grants, gifts and tax-withholding dispositions are counted as noise. Clusters require ≥3 distinct insiders (by reporting CIK) with purchase transaction dates inside a rolling 14-day window, computed over a 120-day local store of Form 4 rows for the tracked tickers. Signal score (0–100): cluster size (40/50/60), $ bought (5/10/15), buyer seniority (3–10), stake increase ≥10%/25% (5/10), buying within 10% of the 52-week low (10), freshness ≤3 days (5). Every row links to its SEC EDGAR filing. Sources: FMP insider trading (latest feed + per-symbol history + statistics), senate/house disclosures, shares float, batch quotes, earnings calendar — 16 API calls this run.
Research for information only — not investment advice; see Disclosures.
