Insider buying report — Tuesday, October 20, 2026: 25 open-market buys worth $33.3M
On Tuesday, October 20, 2026 the SEC published 25 open-market insider purchases worth $33.3M across 23 companies, against 5 insider sales of $1M or more worth $39.0M. By dollar value the selling outweighed the buying, which is the usual state of affairs — executives at large companies sell on schedule, and buy only on purpose.
The largest purchase
Cardinale Gerald J. (director) at Skydance Corp (SKYD) filed the day's largest purchase: 4,900,000 shares at $2.80, $13.7M in total, transacted on Oct 16, 2026 and filed Oct 20, 2026. What makes it notable: it is this insider's first open-market purchase on record; the stock was at least 25% below its recent high when they bought.
Behind it: Life Insurance Co Nippon at CRBG ($12.1M), MA Eagle II Holdings Fund at SCISX ($2.4M), Saba Capital Management, L.P. at LEO ($1.9M).
Top ten insider buys
| Filed | Insider | Company | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-10-20 | Cardinale Gerald J.first buydip Director | SKYD Skydance Corp | Bought | 4,900,000 | $2.80 | $13.7M |
| 2026-10-20 | Life Insurance Co Nippon 10% owner | CRBG Corebridge Financial, Inc. | Bought | 347,195 | $34.71 | $12.1M |
| 2026-10-20 | MA Eagle II Holdings Fund 10% owner | SCISX MA Specialty Credit Income Fund | Bought | 96,931 | $24.76 | $2.4M |
| 2026-10-20 | Saba Capital Management, L.P.largest ever 10% owner | LEO BNY MELLON STRATEGIC MUNICIPALS, INC. | Bought | 338,104 | $5.65 | $1.9M |
| 2026-10-20 | Saba Capital Management, L.P.largest ever 10% owner | DSM BNY MELLON STRATEGIC MUNICIPAL BOND FUND | Bought | 207,722 | $5.28 | $1.1M |
| 2026-10-20 | Saba Capital Management, L.P. 10% owner | JOF JAPAN SMALLER CAPITALIZATION FUND INC | Bought | 46,222 | $11.94 | $552k |
| 2026-10-20 | Saba Capital Management, L.P. 10% owner | ECF ELLSWORTH GROWTH & INCOME FUND LTD | Bought | 33,426 | $11.56 | $386k |
| 2026-10-20 | Tang Capital Management Llc 10% owner | BOLD Boundless Bio, Inc. | Bought | 149,474 | $2.34 | $350k |
| 2026-10-20 | Saba Capital Management, L.P. 10% owner | GF NEW GERMANY FUND INC | Bought | 30,088 | $10.32 | $311k |
| 2026-10-20 | Popenoe Smriti LaxmanclusterCEOfirst buy Co-CEO and President | DX DYNEX CAPITAL INC | Bought | 12,000 | $13.05 | $157k |
Showing 10 of 25 open-market purchases filed on 2026-10-20. The full list, sortable and filterable by role and size, is in the members Filings Browser; the same rows are available as JSON through the API.
Signals in the day's buying
Of the purchases filed: 5 purchases by a chief executive (BCDA, DX, NNOX, NVA, UXIN); 2 by a CFO (DX, GRF); 2 that belong to an active cluster (DX); 7 first-ever purchases by the insider; 12 bought at least 25% below the recent high. These are the flags the members area scores on — a CFO buying with their own money has historically been the strongest single-insider signal, and a cluster of three or more buyers the strongest of all. The cluster guide explains the scoring.
SKYD — two years of insider activity on the price
CRBG — two years of insider activity on the price
SCISX — two years of insider activity on the price
Largest insider sales ($1M and up)
| Filed | Insider | Company | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-10-20 | Deboer Scott J Pres. & Chief Tech & Prod Offr | MU MICRON TECHNOLOGY INC | Sold | 28,444 | $900.00 | $25.6M |
| 2026-10-20 | Zage George Raymond III Director · 10% owner | GRND Grindr Inc. | Sold | 500,000 | $14.12 | $7.1M |
| 2026-10-20 | Thayer Jonathan W Chief Financial Officer | VG Venture Global, Inc. | Sold | 222,222 | $12.69 | $2.8M |
| 2026-10-20 | Kulkarni Samarth Chief Executive Officer | CRSP CRISPR Therapeutics AG | Sold | 47,837 | $49.78 | $2.4M |
| 2026-10-20 | Brown Brian Michael Chief Legal Officer | AVPT AvePoint, Inc. | Sold | 72,606 | $15.26 | $1.1M |
The largest sale was Deboer Scott J at MICRON TECHNOLOGY INC (MU), $25.6M. Sales are shown from $1M upward only; below that they are overwhelmingly scheduled 10b5-1 plans and tax-driven, and listing them would bury the signal.
Context: the market-wide picture
For the week starting Oct 12, 2026, 26% of open-market insider filings across the whole market were buys (134 buys against 383 sales). The long-run average sits near a third, because insiders buy for one reason and sell for many. The full weekly series since 2019 is on the insider sentiment index.
Questions this post answers
Which insiders bought stock on Oct 20, 2026?
25 open-market purchases were filed with the SEC on Oct 20, 2026, worth $33.3M across 23 companies. The largest was Cardinale Gerald J. at Skydance Corp (SKYD), $13.7M. The ten largest are listed above.
Were insiders net buyers or net sellers on Oct 20, 2026?
By dollar value, sellers: $33.3M bought against $39.0M in sales of $1M or more. Selling normally dominates because executives sell on pre-set schedules; what matters is the buying, which is voluntary.
What counts as an insider buy here?
Only Form 4 transactions with code P — an open-market purchase paid for with the insider's own money. Grants (A), option exercises (M) and shares withheld for tax (F) are excluded, because they follow vesting schedules set years earlier and say nothing about what the insider thinks of the price.
How current is this?
The SEC publishes Form 4 filings through about 10 pm Eastern each business day. This report covers everything published on Oct 20, 2026 and was generated early the next morning from the same data the members area uses.