 Insider Picture of the Week: Who's Putting Their Money on the Table While the market speculates on where the economy is headed, top executives are voting with their wallets. A summary of the largest insider purchases for 08.05.2026 — and these are not just numbers. * **51Talk (COE) — $12.2 million** CEO Huang Jack Jiajia bought 446,700 shares at $27.36. Chinese edtech. The largest insider buy of the day — and it's not even close to the rest. Signal: the founder believes in the recovery of the education sector in Asia. * **Upstart Holdings (UPST) — $5 million** Director Dave Girouard acquired 170,240 shares at $29.37. Fintech on AI lending. A $5M purchase from an insider of this level usually precedes either strong earnings or an important announcement. * **Pampa Energy (PAM) — $4.06 million** VP Mariani Gustavo bought 50,000 shares at $81.21. Argentine energy — a specific but confident entry. * **Pool Corp (POOL) — $2.18 million (3 insiders)** Three board members bought simultaneously — Manuel Perez ($1.9M), John Stokely ($193K), James Hope ($90K). A unanimous vote of confidence. When the entire board buys, it's worth paying attention. * **Also notable:** • Markel Group (MKL) — Director Diane Leopold, $269K at $1,791/share • Sofi Technologies (SOFI) — CEO Anthony Noto, $250K at $15.73 • Inspiremd (NSPR) — Two directors, jointly $209K • Smartrent (SMRT) — CEO Frank Martell, $56K at $1.12 **What does this mean?** Insiders don't buy on hype. They buy when they know something the market doesn't. The concentration of purchases in Pool Corp (3 people in one day) is a rare pattern. COE — an aggressive buy from the CEO for $12 million — a signal that management sees the bottom. Follow the money, not the news. #InsiderTrading #InsiderPurchases #COE #UPST #POOL #SOFI #Analytics