 Insider Purchases on May 5: Which Top Managers Are Voting with Their Wallets I reviewed today's OpenInsider feed — US insiders bought millions of dollars worth of their companies' shares on May 4. Here are those showing the most confidence. **Willis Towers Watson (WTW) — $510,160** CEO Carl Hess bought 2,000 shares at $255. An insurance broker isn't the flashiest story, but a half-million-dollar purchase by the top executive speaks for itself. **Caterpillar (CAT) — $219,210** Director David Maclennan acquired 250 shares at $876.84. Yes, the amount is more modest, but at these levels ($877 per share), it's more of a symbolic gesture. Still, insiders rarely buy at highs without reason. **Ai Era Corp. (AERA) — $111,100** President Chiyuan Deng added 110,000 shares at $1.01, increasing his stake by 4%. The AI sector is at a low, and an insider is accumulating — a classic reversal pattern. **Spar Group (SGRP) — +142% to portfolio** CFO Steven Hennen bought 78,000 shares at $0.64, increasing his stake by 142%. When a CFO triples their position, it's a shout: "I believe in the company." **🆕 Ategrity Specialty Insurance (ASIC) — New position** Chris Schenk opened a position from scratch: 2,500 shares at $19.99. A new insider purchase is one of the strongest signals. My filtering: - Skipping banks (MPB, WSBK) — small purchases, standard for dividend stories. - Focus on AERA (AI at $1), SGRP (CFO tripling), and WTW (CEO at $510K). Insiders aren't always right, but when the president of an AI company buys 110,000 shares at $1 — I'm at least taking note.