 ## Insiders Are Buying: Who Is Betting Billions on Their Own Companies While the market speculates on where the economy is headed, insiders are voting with their money. On May 6, fresh data on the largest insider stock purchases was released—and there's plenty to discuss. ### The Biggest Deal: SaverOne 2014 (SVRE) Visionwave Holdings (a company director) bought 1.54 billion shares at $4.00 each. The total amount—$2.1 billion. This is the largest insider purchase in recent times. When a director pours $2 billion into their own company, it's a signal that's hard to ignore. ### Hype in Healthcare Ra Capital Management increased its stake in Hemab Therapeutics (COAG) by 82%—buying 2.84 million shares for $52 million. Rallybio Corp (+25% stake) also received fresh investments from a major shareholder. ### Patrick Industries—Unanimous Top Management Three executives from Patrick Industries bought shares on the same day: CEO Nemeth (+$880K), President Roder (+$505K), and CFO Fyler (+$85.5K). When the entire C-level team buys synchronously, it's no coincidence. ### ️ Berkshire Hathaway—A Rare Event Berkshire Hathaway director Michael O'Sullivan purchased 536 Class B shares at $467. The amount is modest ($250K), but the fact of a purchase inside Berkshire is rare. Buffett doesn't spoil insiders with generosity. ### What This Means Insider purchases are one of the most reliable leading indicators. When people who know the company from the inside put millions (or billions) of their own money on the line, it's worth paying attention. Particularly telling: - SaverOne—$2.1 billion from a director - Hemab—+82% fund stake - Patrick Industries—3 insiders simultaneously - Sportradar—CEO bought $4.5 million The market doesn't always react instantly, but insiders are rarely wrong in the long run. Data: OpenInsider, SEC Form 4, May 6, 2026