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# Insider & Smart-Money Digest — Oct 23, 2026
- URL: https://www.altamiraequity.com/insider-digest-2026-10-23/
- Published: 2026-10-23T14:30:00.000Z
- Updated: 2026-11-10T07:38:26.000Z
- Description: Top signal: notable sale: ANET $2.26M (sold 31% of the position in one tranche).
- Author: Altamira Capital
- Tags: Money Flows

NYSE: OPEN · Form 4 filings through 06:15 AM PT · Edition window: filings dated Oct 22–Oct 23**Top signal:** notable sale: ANET $2.26M (sold 31% of the position in one tranche).

## A · Cluster buys — 3+ insiders, 14 days

No active clusters today — no ticker has 3+ distinct insiders buying within 14 days.

![Insider & Smart-Money Digest 2026-10-23: the open-market buys (green) and the sales that tripped a notable-sale filter (red), by ticker, as tabulated in sections B and C](https://www.altamiraequity.com/content/images/2026/11/insider-digest-2026-10-23-flow.png)

Insider & Smart-Money Digest 2026-10-23: the open-market buys (green) and the sales that tripped a notable-sale filter (red), by ticker, as tabulated in sections B and C. Source: SEC Form 4 filings via the FMP insider feed, as tabulated in this digest.

## 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 (2)

| Ticker | Insider      | Role                                 | Txn dates  | Shares               | Total value | Stake after          | Why flagged                             |
| ------ | ------------ | ------------------------------------ | ---------- | -------------------- | ----------- | -------------------- | --------------------------------------- |
| ANET   | Duda Kenneth | director, officer: President and CTO | 2026-10-20 | 12,460 in 2 tranches | $2.26M      | 13,176 sh (\~$2.40M) | sold 31% of the position in one tranche |
| ACN    | Sekido Ryoji | officer: Co-CEO Asia Pacific         | 2026-10-22 | 5,844 in 2 tranches  | $1.43M      | 1,194 sh (\~$293k)   | sold 67% of the position in one tranche |

⚠️ **ACN**: cluster selling — 3 distinct insiders sold in the last 14 days ($1.78M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.

⚠️ **AAPL**: cluster selling — 3 distinct insiders sold in the last 14 days ($2.56M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.

Filtered as noise this edition: 18 routine open-market sales ($6.60M total); 10 grants/awards; 8 tax-withholding share payments; 1 option exercises; 1 other non-market filings.

## 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  |
| ------ | -------------- | ------- | -------- | ------------------ | ---------- | ---------- | ------ |
| GOOGL  | Michael Rulli  | House   | Sale     | $50,001 - $100,000 | 2026-10-16 | 2026-10-20 | —      |
| ASML   | Michael McCaul | House   | Purchase | $15,001 - $50,000  | 2026-08-07 | 2026-10-16 | Spouse |
| AMZN   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-28 | 2026-10-16 | Spouse |
| INTU   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-31 | 2026-10-16 | Spouse |
| INTU   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-27 | 2026-10-16 | Spouse |
| TSM    | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-25 | 2026-10-16 | Spouse |
| AMZN   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-21 | 2026-10-16 | Spouse |
| AMZN   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-27 | 2026-10-16 | Spouse |
| AMZN   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-20 | 2026-10-16 | Spouse |
| AMZN   | Michael McCaul | House   | Purchase | $1,001 - $15,000   | 2026-08-25 | 2026-10-16 | Spouse |
| INTU   | Michael McCaul | House   | Sale     | $1,001 - $15,000   | 2026-08-13 | 2026-10-16 | Spouse |
| INTU   | Michael McCaul | House   | Sale     | $1,001 - $15,000   | 2026-08-14 | 2026-10-16 | Spouse |
| INTU   | Michael McCaul | House   | Sale     | $1,001 - $15,000   | 2026-08-20 | 2026-10-16 | Spouse |
| INTU   | Michael McCaul | House   | Sale     | $1,001 - $15,000   | 2026-08-25 | 2026-10-16 | Spouse |
| MA     | Michael McCaul | House   | Sale     | $1,001 - $15,000   | 2026-08-25 | 2026-10-16 | Spouse |
| NFLX   | Michael McCaul | House   | Sale     | $1,001 - $15,000   | 2026-08-07 | 2026-10-16 | Spouse |
| ANET   | Michael McCaul | House   | Sale     | $15,001 - $50,000  | 2026-08-04 | 2026-10-16 | Spouse |
| ACN    | Michael McCaul | House   | Purchase | $50,001 - $100,000 | 2026-08-25 | 2026-10-16 | Spouse |
| ACN    | Michael McCaul | House   | Purchase | $50,001 - $100,000 | 2026-08-28 | 2026-10-16 | Spouse |
| MRK    | Michael McCaul | House   | Sale     | $50,001 - $100,000 | 2026-08-28 | 2026-10-16 | Spouse |

STOCK Act disclosures lag the trade by up to \~45 days and amounts are ranges — corroborating sentiment, not a timing signal.

![Congressional trades newly disclosed in the covered names (last 7 days), purchases against sales per ticker, as listed in section E](https://www.altamiraequity.com/content/images/2026/11/insider-digest-2026-10-23-congress.png)

Congressional trades newly disclosed in the covered names (last 7 days), purchases against sales per ticker, as listed in section E. Source: STOCK Act disclosures via FMP senate/house feeds, as tabulated in this digest (amounts are ranges; counts only).

## F · Smart-money context — active names

**ANET** — Insider stats 2026 Q4: 0 open-market purchases vs 36 sales (last quarter: 0 vs 233) · free float 83.3% of 1.26B shares out · next earnings 2026-11-03 (11d) · 14d open-market sales: $32.13M by 2 insider(s) vs buys $0

**ACN** — Insider stats 2026 Q4: 0 open-market purchases vs 9 sales (last quarter: 0 vs 6) · free float 96.4% of 0.61B shares out · next earnings 2026-12-17 (55d) · 14d open-market sales: $1.78M by 3 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), with the seller's post-sale stake shown for scale. 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 — 14 API calls this run.

Research for information only — not investment advice; see [Disclosures](https://www.altamiraequity.com/disclosures/).