 ## Insiders Are Buying: Which CEOs Are Betting on Their Companies? Analysis of recent insider trades from May 14, 2026. Three cases where top management is voting with their money. 1. Upstart Holdings (UPST) — $27.50 per share CEO Paul Gu bought 50,000 shares for $1.375 million. This is a +4% increase in his stake. Upstart is an AI platform for credit scoring; shares have fallen 80% from their peak. When a founder buys at the bottom in such volumes, it signals that the market has overestimated the risks. 2. Cel Sci Corp (CVM) — $1.19 per share CEO Geert Kersten bought 100,000 shares for $119k, increasing his stake by 82%. A biotech company developing cancer immunotherapy. Nearly doubling the stake is an extremely bullish signal from someone who knows the pipeline best. 3. FTI Consulting (FCN) — $144 per share Collective purchase: CEO Steven Gunby (+$1.44 million), CSO Linton Paul (+$346k), CFO Ng Nam (+$289k). A triple signal from the top three executives of a consulting firm. When the CFO, CSO, and CEO buy synchronously, it's not a coincidence. For contrast — who is selling: - Enlight Renewable Energy (ENLT) — chairman sold for $9.18 million - Sea Ltd (SE) — COO sold for $1.9 million Conclusion: The most interesting story is UPST. An AI company that has fallen below fair value, where the founder is buying a large stake. For CVM, the risk is higher, but the signal is louder (+82% stake is rare). Data: OpenInsider, 14.05.2026. Not investment advice.