Insider buying on May 5, 2026

On May 5, 2026, 46 insiders at 39 companies filed 64 purchases reported on Form 4, worth $20.0M in all, with a median purchase of $20.8K. The largest was Novo Holdings A/S, 10% owner of Avalyn Pharma Inc. (AVLN), who reported buying 555,555 shares worth $10.0M. Officers accounted for 24 purchases, directors who are not officers for 34, and 10% owners with no board or officer role for 6. Chief executives and chief financial officers filed 13 purchases: Hess Carl Aaron, Chief Executive Officer, Director of Willis Towers Watson Plc (WTW); Liu Suying, CEO and CFO, Director, 10% owner of Mountain Crest Acquisition 6 Corp. (MCAH); Amlani Ajay K, President & CEO, Director of Aware Inc /ma/ (AWRE) among others. 15 companies showed cluster buying, two or more insiders buying within 7 days, among them AVBC (4 insiders), FUNC (4 insiders), CCFN (4 insiders), AVLN (3 insiders). For 13 insiders of 46, this was the first purchase of that company's stock on our record. That is fewer than the 81 purchases filed on May 4, 2026. A Form 4 is due within two business days of the trade, so most of these purchases were made earlier in the week. Code P also covers shares bought privately from the company, so one large figure can be a negotiated placement rather than buying on the exchange.