Top insider trades (Mon, Jan 5)

Connor’s Commentary

Only 78 new insider filings to start off the new year, but some interesting ones.

• Exec Chairman and CEO at American Bitcoin Corp (ABTC) each buy $32M. The company was founded by Eric Trump and Donald Trump Jr and is down like 80% since IPO

• Exec Chairman at Lesaka Technologies (LSAK) bought $9M (by far their largest purchase ever). Stock is up 8% pre-market because of this

• Three directors are buying the dip at First Guaranty Bancshares (FGBI)

• A director at Better Home & Finance (BETR) bought $50k (first-ever purchase)

• CFO at lululemon (LULU) sold $561k. Looks like it was some stock options they have expiring in March

• CTO at Vaxcyte (PCVX) bought $454k (first-ever sale)

• SVP at Keysight Technologies (KEYS) sold $183k of the stock (first-ever sale).

• and much more…

Commentary

I’ll give out a freebie here since the American Bitcoin Corp (ABTC) insider purchases are pretty interesting, even though they don’t really meet the criteria to be included in the CEO Watcher portfolio.

ABTC is an American bitcoin mining and treasury management company majority owned by Canadian miner Hut 8 Mining. It was founded in March by Eric Trump and Donald Trump Jr.

It operates mining facilities supplied by Hut 8 in Niagara Falls, Medicine Hat, Alberta and Orla, Texas. As of May 31, 2025, the company operated over sixty thousand ASIC miners and held contractual rights to purchase an additional 17,280 Bitmain machines.

As of November, it had 4,000 bitcoin (valued at ~$375M right now). The company is valued at $1.65B.

ABTC went public in September, and like the rest of the Trump family crypto projects, it has been a disaster (down 70%).

However, you can see those green dots/bars, which indicate insiders stepping in to buy the dip.

So far, a director, the CEO (who is Chief Strategy Officer at Hut 8), and the Exec Chairman (who is the CEO at Hut 8) have stepped in to buy over $65M of the stock. My guess is that the CEO and Exec Chairman are using Hut 8 money for these buys, but they are still large buys, and neither Hut 8 nor these two guys want to throw away that money. There is also a chance this is just one $32M by Hut 8, and SEC regulations require these two guys to file separately.

Regardless, these are still large purchases, and they are dip buys. If you have followed CEO Watcher for a while, you know that dip buys are one of the highest signal types of insider buys.

Plus, there is Trump family involvement.

I have no confidence in the company long-term, but large insider dip buying + Trump family involvement makes this pretty interesting in the near-term.

I own a little bit in my personal portfolio as part of my “own stuff that Trump is incentivized to pump” basket.

keep scrolling. top trades + all of the charts and data below

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