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Major insider buys reported at Cardinal, Apollomics; Dyne, Butterfly see sales

Apollomics CEO and CFO lead $7.95m in insider purchases, while Cardinal directors add $6.5m in buys. Dyne Therapeutics director sells $65.2m stake, Butterfly Network director offloads $20.6m.

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Priya Anand · Equities & Earnings Desk · 19 Aug 2026 · 07:16 · 2 min read
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Major insider buys reported at Cardinal, Apollomics; Dyne, Butterfly see sales

Insider trading activity on August 14 showed significant buying at two U.S.-listed firms, while executives at three other companies executed large sales.

At Apollomics Inc. (NASDAQ:APLM), Chief Executive Officer Hung-Wen Chen acquired approximately $7.55 million in Class A Ordinary Shares through a private placement disclosed in a Form 6-K filing on August 12, 2026. Chen purchased shares between $12.00 and $15.00 across three transactions, with the stock last trading at $23.55. The company’s shares have risen 313% over the past year despite reporting unprofitable operations over the last twelve months with revenue growth of 776%. Chief Financial Officer Peter Kuan-How Lin also participated, purchasing 26,667 shares at $15.00 for a total of $400,005.

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) saw multiple insider purchases totaling over $6.5 million. CEO Jeremy Simmons Spivey acquired 83,350 shares for $3,201,428 at prices ranging from $36.58 to $39.65, bringing his direct holdings to 83,350 shares. Director Anthony Leon Wood Jr. purchased shares worth $2,023,078 at prices between $39.16 and $39.75, while Director Richard Melvin Lee Jr. bought shares totaling $1,252,040 at prices from $36.59 to $37.73. Cardinal’s stock has fallen 34.6% over the past week but remains up 67% year-over-year, with analyst price targets ranging from $52 to $70.

On the sell side, Dyne Therapeutics Inc. (NASDAQ:DYN) Director Jason P. Rhodes disposed of approximately $65.2 million in common stock through a Rule 10b5-1 plan adopted on July 13, 2026. Rhodes sold 426,412 shares between August 13 and 14 at prices from $25.00 to $26.20, with the stock trading near a 52-week high of $27.30 and up 111% over the past year.

Butterfly Network Inc. (NYSE:BFLY) Director Larry Robbins reported sales of about $20.6 million in Class A Common Stock between August 13 and 17 at prices from $8.6973 to $9.5418. Robbins sold 890,533 shares across multiple transactions, with the stock up 526% over the past year but down nearly 4% over the past week.

Kinetik Holdings Inc. (NASDAQ:KNTK) saw a director sell approximately $18.96 million in Class A Common Stock between August 13 and 17 at prices between $51.3848 and $54.0939. The shares were sold in three tranches totaling 360,337 shares, leaving the seller with 993,792 shares remaining. Kinetik’s stock is near a 52-week high of $54.12 and has gained 55% year-to-date.

PBF Energy Inc. (NYSE:PBF) reported two large insider sales. Control Empresarial de Capitales S.A. de C.V., a 10% owner and director, sold 216,356 shares for approximately $15.63 million between August 13 and 14 at prices from $71.70 to $74.32. Director Thomas J. Nimbley also sold shares worth $12.3 million on August 14 following the exercise of employee stock options, disposing of 169,925 shares at $72.647. PBF’s stock is near a 52-week high of $75.68 and has risen 231% over the past year.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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