Insiders Buy the Dip: COO Cash and a Chinese Apparel Bet

The most striking discretionary purchase in the dataset comes from UBER. Andrew Gordon MacDonald, President and COO, filed on 8 September disclosing a $4.1M open-market purchase made on 4 September. That is a significant personal commitment from a top executive, and there is no 10b5-1 plan flag attached, making it a strong signal of conviction.

Li Ning Company 2331 shows the clearest cluster pattern in the data. Viva China Holdings, a board-connected holding company and 10%-plus owner, disclosed six separate purchases totalling over $160M across 1 and 2 September, filed by 7 September. That volume of buying from a major shareholder with board representation stands out as a deliberate accumulation.

On the selling side, NVDA insiders filed seven transactions totalling $411M, all coded as sales, with filings through 2 September. ILMN saw 50 filed transactions totalling $288M in sales, with the latest filing on 4 September. CHYM showed 54 transactions worth $320M, also predominantly sales filed through 28 August.

EVO in Sweden had seven transactions totalling $723M filed by 27 August, a large number for a single name worth watching.

Note: the EDGAR Form 4 tables were not accessible in this environment, so US open-market trade codes (P/S) and 10b5-1 flags could not be verified from first-party SEC data. The figures above come from the vendor insider table. Activist 13D filings could not be queried for the same reason.