Executives Buy the Dip, Sellers Trim Gains

Insider filings reported through September 8 show a clear divide: C-suite buyers stepping in on weakness while sellers take profits at elevated prices.

The standout buyer is Tung Ching Sai, CEO of 868 Xinyi Glass Holdings, who filed two open-market purchases totalling roughly $3.4M in early September. Both trades were discretionary — no pre-arranged plan — making them a genuine confidence signal from the top of the house.

On the buy side elsewhere, the CEO of Vietnam's Dien May Xanh, Doan Van Hieu Em, filed a $2.2M purchase on September 7. EG Industries CEO Kang Pang Kiang added around $2.3M across two separate filings.

Sellers were active too. NMI Holdings CEO Adam Pollitzer filed a $7.7M sale on September 4 — the largest C-suite disposal in the dataset. National Energy Services Reunited Corp CEO Sherif Foda filed a $3.5M sale on September 2. Euronext CEO Stéphane Boujnah also trimmed, filing a $2.4M disposal in late August.

JPMorgan Chase dominated institutional flow, filing net sales across multiple Hong Kong-listed names — including Kingdee Software, Sunny Optical, and Shenzhou International — totalling hundreds of millions. These are passive rebalancing moves rather than directional calls.

Note: ORTEX's first-party SEC EDGAR Form 4 tables were unavailable for this session, so US-listed open-market trades could not be verified directly. The data above covers non-US markets via ORTEX's vendor insider dataset. The EDGAR tables should be checked separately for full US coverage.