Insiders Buy, Bosses Sell Big

Fresh filings show a clear split in insider activity this week — executives cashing out while some major shareholders step in.

ALKT grabbed the biggest buy headline. General Atlantic, a board-represented private equity firm, filed $32.9M in purchases across three days. The firm bought 1.975 million shares of the banking software company between May 12–14, paying around $16.85 per share. That's a strong vote of confidence from an institutional insider with skin in the game.

WGS also saw notable accumulation. Corvex Management, a board-represented fund, filed over $13M in purchases of GeneDx Holdings between May 13–15. The buys came in multiple tranches, signaling a deliberate, conviction-driven build.

On the sell side, DKNG co-founder Matt Kalish filed the disposal of $31.7M in shares on May 15. His sale of 1.9 million shares stands out as the largest C-level exit filed this week.

ILMN board member Keith Meister, of Corvalis Capital, filed $38.6M in sales across two days. That's a significant trimming of exposure to the genomics firm.

MP CEO James Litinsky filed three separate sales totalling $18.3M between May 12–13. The CEO of the rare earth miner sold nearly 280,000 shares. Founder-led selling at that scale tends to draw attention.

TXO Chairman Bob Simpson went the other way, buying $3.1M in the energy partnership — a clear expression of personal commitment to the stock.