 ## Insider Purchases on May 14: Who's Loading Up Their Wallet While retail panics, major players are buying. I've broken down the top insider purchases from May 12–14 — here's what caught my attention. **Alkami Technology (ALKT) — $32.9 million** General Atlantic entered at $16.67, buying nearly 2 million shares. This isn't speculation — the fund increased its stake by 6% immediately. Alkami provides digital banking for regional US banks. When such a fund loads up, it's a signal. **Biglari Holdings (BH) — $13.4 million** Sardar Biglari (CEO) himself bought 52,674 shares at $255. He now controls 1.6 million shares — almost the entire free float. If the founder buys more with his own money, it means he considers the company undervalued. **Under Armour (UA) — $5.9 million** Prem Watsa (the Canadian Warren Buffett) loaded up 1.17 million shares at $4.98. Under Armour is deeply undervalued, but the brand is alive and the balance sheet is being fixed. A typical value bet. **The rest:** • Upstart Holdings (UPST) — CEO Paul Gu bought 50,000 shares at $27.50 • FTI Consulting (FCN) — CEO + CFO bought $1.7 million worth • Pool Corp (POOL) — Director bought 10,000 shares at $175 • Comstock (LODE) — Insider bought 424,559 shares (+38% to stake) **Trend:** 20 deals in one day, totaling ~$65 million. General Atlantic and Biglari are the fattest positions. Interest in fintech (Alkami, Upstart) and value stories (Under Armour, BH). Full breakdown and my view on each position — in the project notes.