Filings dated September 8 show a wave of open-market insider purchases spanning the US, Hong Kong and Canada, with executives putting up real money in a quiet week for deal flow.
The headline US trade came from UBER. President and COO Andrew MacDonald filed two purchases totalling roughly $5.3 million, at prices around $75 to $76 per share, with the trades executed on September 4. MacDonald now holds around 426,000 shares. This was a discretionary, open-market buy with no 10b5-1 plan declared, making it a stronger signal than a scheduled sale.
In Hong Kong, three senior executives at Xinyi Glass bought a combined $7.3 million in shares over two days. Founder and Chairman Lee Yin Yee picked up 3 million shares for $3.3 million. CEO Tung Ching Sai added roughly 3 million shares across two trades worth $3.4 million. Executive Vice Chairman Tung Ching Bor bought a further 500,000 shares. Coordinated buying by a founder, CEO and vice chairman is rare and tends to carry weight.
Cybin, the psychedelic medicine company, also saw its two founders step in. Chairman Eric So and Executive Director Paul Glavine each bought 100,000 shares in early September, filing on September 8. Their combined purchases over the two-week window total roughly $4.6 million across four transactions.
JPMorgan Chase trimmed its stakes in several Hong Kong-listed names including Kingdee International Software and Sunny Optical Technology, with those sales filed on September 8.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
