🚨 IT’S ESCALATING: INSIDERS ARE DUMPING STOCK AT A 2021-LEVEL PACE

The selling pressure behind the scenes just intensified.

Over the last 24 hours:

Proposed sales: ~$36.3M

Actual sales: ~$53M

Total buys: ~$1.26M

That’s roughly $70 sold for every $1 bought.

This is the kind of imbalance we last saw near prior cycle highs.

When the people closest to the books are aggressively reducing exposure, it’s not random.

Where Selling Is Concentrated

Notable heavy insider selling in:

UWM Holdings Corporation (UWMC) ~ $9M

C3.ai (AI) ~ $6M

ON Semiconductor (ON) ~ $5.8M

Roku (ROKU) ~ $4.5M

That’s size. And it’s broad.

Insiders sell for many reasons — taxes, diversification, liquidity.

But they typically buy for only one reason: they believe shares are undervalued.

Right now, buying is almost nonexistent.

What This Means

This doesn’t guarantee an immediate crash.

But it does signal:

Elevated caution internally

Reduced conviction at current prices

Potential distribution into strength

Combine that with high index concentration and tightening liquidity conditions, and risk/reward shifts fast.

I’ll continue tracking filings as they hit.

When I make a material portfolio move, I’ll share it publicly.

Stay sharp.