⚡ MCHP CEO sells $36.9M stake; earnings in 16 days
Published Apr 28, 2026
We read 238 filings today. Here are the ones worth your time.
99 Form 4139 8-K2 Buys23 Sells
NVR's director just bought $73K of stock trading at $10,000 per share. That's seven shares.
PLD triggered a direct financial obligation filing, CME entered a material agreement worth an 8-K, and NOW reported both a definitive agreement and results of operations. Horizon Kinetics put money behind TPL while 23 insiders headed for the exits across 238 filings.
NVR's director walked in with $74K Tuesday. Discretionary. Not pre-planned, not part of a recurring schedule. He bought at $6,503, barely above the 52-week low of $6,301. The stock's flat for the year while the homebuilder sector climbed 8.4%.
He increased his position by 30.6%. Here's the setup: NVR trades at 14 times earnings, the lowest multiple in five years. The company beat earnings by 12% last quarter and bought back $500M of stock in Q4. One director sees a discount. The rest of the market sees a homebuilder trading sideways in a sector that's moving. Someone's wrong about what happens next.
Horizon Kinetics just added $435 in TPL at $439, their 32nd consecutive buy without a single sale in two years. The fund manager has turned accumulation into performance art. TPL reports earnings in nine days, and the stock sits 20% below its 52-week high despite being up flat on the year.
TPL $438.91 . 52w: $269-$547 . +0% YTD
THE TAPE
MCHP
CEO Steve Sanghi sells $36.9M of MCHP
TXN
CFO Rafael Lizardi exercises options in $6.9M of TXN
SCHW
Chairman Charles Schwab sells $6.6M of SCHW
ON
CFO Trent Thad sells $5.8M of ON
TXN
Mark Blinn sells $4.2M of TXN
HSY
Hershey Trust CO Trustee IN Trust For Milton Hershey School sells $3.8M of HSY
GL
Michael Majors exercises options in $3.3M of GL
TXN
VP Shanon Leonard exercises options in $2.9M of TXN
Prologis closed a $2.3B debt offering split between 10-year and 30-year notes, locking in long-term financing at rates slightly above 5%. The industrial REIT is trading near its 52-week high at $142, suggesting management secured this capital while equity valuations are strong and before potential rate volatility. With the proceeds earmarked for general corporate purposes, Prologis has dry powder for acquisitions in the red-hot logistics property market where demand still outpaces supply.
CME Group signed a definitive agreement to acquire OSTTRA for $3.75 billion from IHS Markit and a consortium of 15 banks. OSTTRA processes over 200 million post-trade transactions annually across derivatives, FX, and securities markets. The deal adds processing infrastructure in a fragmented clearing space where CME already dominates futures. Acquisition multiple not disclosed but CME trading near the low end of its range suggests management sees value at current prices.
ServiceNow secured a new $3 billion revolving credit facility while simultaneously reporting quarterly results, suggesting the company is locking in fresh liquidity despite trading 57% below its 52-week high. The timing pairs new borrowing capacity with a financial update that will clarify whether NOW needs the war chest for operations or strategic opportunities. Investors get both the capital structure move and the performance context in one filing.