 ## Insider Picture of the Week: Who's Buying Ahead of the Move I've analyzed the latest insider purchases for May 7–8. The picture is interesting—money is flowing into different sectors, but there is one pattern. Top 3 largest purchases: 1. Starlink Ai Acquisition Corp (OTAI) — $2,215,000 Jkapital Ltd. acquired 221,500 shares at $10. The biggest check of the week. A SPAC company focused on AI—institutions are increasing their position ahead of a potential merger announcement. +8% to their stake. 2. Norwegian Cruise Line Holdings (NCLH) — $521,394 Director Byng-Thorne Zillah bought 29,467 shares at $17.69. A confident bet on the recovery of cruise tourism. The package increased by 31%—a serious signal from an insider. 3. Donegal Group (DGICA) — $283,392 Donegal Mutual Insurance Co increased its stake by 16,577 shares at $17.10. Insurance sector—a defensive position in case of volatility. What else is notable: — Spire Inc (SR) — Director Koonce Paul D bought $171K at $85.81. Gas sector, +15% to his stake. — Merit Medical Systems (MMSI) — GC bought $125K. Medical equipment. — Saba Capital is buying closed-end funds: New Germany Fund (GF) +$200K and Mexico Fund (MXF) +$65K—a bet on a discount to NAV. — TSMC (TSM) — Mass purchases by top management: CEO Wei Che-Chia, EVP, SVP—14 transactions totaling ~$60K. All at $71.82. A coordinated purchase—a strong signal from the semiconductor giant. My view: Starlink Ai and Norwegian Cruise Line are the most interesting cases. The first is a speculative bet on an AI merger, the second is a bet on the real economy. TSMC is collectively buying—if you trust the insiders of the largest chip manufacturer, this is a compelling argument. Data: OpenInsider, transactions May 7–8, 2026. Not investment advice.