 Insiders Are Talking: Who Loaded Up on $12 Million? A breakdown of top managers' purchases on May 8 — and these are not just numbers. 51Talk (COE) — $12.2 million CEO Huang Jack Jiajia bought 446,700 shares at $27.36. Chinese education — a sector many wrote off after regulation. But the company's top insider is putting $12 million of his own money. Either he knows something about a policy reversal, or this is deep value. Upstart (UPST) — $5 million Director Girouard Dave bought an additional 170,240 shares at $29.37. AI lending. The company weathered the rate storm, and now insider buying of $5 million signals the bottom is behind. Pampa Energy (PAM) — $4 million VP Mariani Gustavo bought $4 million worth at $81.21. Argentine energy — an unexpectedly large bet from a top manager. Pool Corp (POOL) — $1.9 million Director Perez De La Mesa bought 10,000 shares at $190. Construction sector — a bet on the summer season and rate cuts. Sofi (SOFI) — $250k CEO Noto Anthony bought at $15.73. Fintech with 8 million users — insider buying from the CEO speaks for itself. My position: COE and UPST are the strongest signals. The $12 million from the CEO and $5 million from the director represent real money from people who see the P&L every day. Not an investment recommendation. Always do your own Due Diligence.