Here is a detailed review of the most material insider trading activity disclosed on Thursday, May 7, 2026, across U.S. listed companies. The filings cover purchases and sales by investment entities and corporate insiders between May 5 and May 7, 2026, with values ranging from several hundred thousand dollars to well into the hundreds of millions.
Top buys
Tether Global Investments Fund, S.I.C.A.F., S.A., together with TPM, S.A. de C.V., and Giancarlo Devasini, reported acquiring 530,338 shares of Gold.com, Inc. common stock (NASDAQ:GOLD) on May 5, 2026. The shares were purchased at $44.50 each, for a total consideration of about $23.6 million. At the time of the report the stock was trading at $43.51 and had delivered an 84% return over the trailing 12 months.
This purchase represents the second tranche under a broader securities purchase agreement. On February 4, 2026, TPM, a controlled subsidiary of Tether Global Investments Fund, entered into an agreement with Gold.com to acquire a total of 3,370,787 shares at the same price of $44.50 per share. That arrangement is part of a $150 million private placement of equity securities, described in filings as the PIPE Financing. Third-party analysis cited in the filings indicates that at current trading levels the company appears undervalued and that the firm exhibits a Piotroski Score of 9, which is presented as an indicator of strong financial condition.
Engine Capital Management, through a group of investment entities and individuals, disclosed purchases of common stock in Orthofix Medical Inc. (NASDAQ:OFIX). Between May 5 and May 7, 2026, the group bought a total of 185,896 shares for roughly $2.23 million. The per-share prices across the acquisitions ranged from $11.9928 to $12.228, levels that were close to Orthofix’s then-current trading price of $12.07.
The filings note that Orthofix’s stock had declined about 20% year-to-date and was trading nearer its 52-week low of $10.24 than its 52-week high of $16.99. The purchases were executed by Engine Capital, L.P., and Engine Lift Capital, LP, both affiliates within the Engine Capital Management group.
Vishal Garg, Chief Executive Officer of Better Home & Finance Holding Co (NASDAQ:BETR), increased his stake in his company via two transactions on May 7, 2026. Mr. Garg acquired a total of 6,583 shares of Class A common stock for $197,485, with transaction prices logged at $29.95 for 100 shares and $30.00 for 6,483 shares.
At the time of the filing the stock was quoted at $30.52 and the company had a market capitalization of $581.74 million. The filing highlights that shares have declined 46.77% over the past six months but have nevertheless returned 126% over the past year.
Marcel Teunissen, Executive Vice President and Chief Financial Officer of EXPAND ENERGY Corp, purchased 2,000 shares of the company’s common stock on May 7, 2026, paying $96.43 per share for a total transaction value of $192,860. After the purchase Mr. Teunissen’s direct holdings increased to 9,144 shares.
The filings point out that the stock was trading near its 52-week low of $91.02, with a quoted price of $97.42 at the time of the disclosure. Additional metrics presented in the filing show a price-to-earnings ratio of 7.27 and a financial health designation characterized as "GREAT." The company was identified by the third-party analysis as appearing undervalued at current prices.
Kevin Omar Meyers, a director at Phillips 66 (NASDAQ:PSX), reported a purchase of 175 shares on May 6, 2026, at $173.125 per share, for a total of $30,296. That buy increased his direct holdings to 16,799 shares. The disclosure includes 949 Restricted Stock Units that convert on a one-for-one basis into common stock and are counted within his total direct ownership.
The filing noted that Phillips 66 had returned 69% over the past year and was trading at $168.31 at the time of the disclosure. The third-party analysis referenced in the filing characterized Phillips 66 as appearing undervalued relative to its assessed Fair Value.
Top sells
Keenan W Howard Jr, a director at Solaris Energy Infrastructure, Inc. (NASDAQ:SEI), sold 2,000,000 shares of the company’s Class A common stock on May 6, 2026, at $74.50 per share, for gross proceeds of $149,000,000. The selling price followed a period of exceptional performance for the stock, which had returned 228% over the prior 12 months.
Filings describe that the company traded at a price-to-earnings ratio of 84.4 and had a market capitalization of $5.7 billion. The third-party analysis cited in the disclosure suggested the stock appeared overvalued relative to its Fair Value.
The sale of Class A shares occurred alongside related internal exchanges described in the filings. Mr. Howard indirectly acquired 2,000,000 shares of Solaris Energy Infrastructure, Inc. Class A common stock at no cash consideration through the exchange of an equal number of Solaris Energy Infrastructure, LLC Units. Simultaneously, 2,000,000 shares of Class B common stock, which the filings state carry voting rights but no economic rights, were cancelled for no consideration.
According to the Solaris LLC Agreement cited in the disclosure, LLC Units are exchangeable for Class A common stock, and the reported transactions were consistent with those agreement terms. The filings present these exchanges and cancellations as part of the same set of related transactions that culminated in the reported sale of Class A shares for cash.
Austin Earl C. Jr., President and Chief Executive Officer of Quanta Services, Inc. (NASDAQ:PWR), sold 155,992 shares of common stock on May 5, 2026, for approximately $120,216,530. The sales were executed at weighted average prices ranging from $765.14 to $777.60 per share.
Quanta’s stock had recently traded near its 52-week high of $788.75 and had appreciated 132% over the past year. The third-party assessment included in the filings indicated the stock appeared overvalued relative to its Fair Value and suggested it may have been in overbought territory. The filing detailed multiple blocks of direct sales by Mr. Austin, who directly sold 130,000 shares across transactions with weighted average prices quoted in different ranges, including specific blocks noted between $765.00 and $765.997 and between $777.38 and $777.855.
After the transactions Mr. Austin directly retained 556,911 shares of Quanta Services common stock, per the filing disclosures.
John Kristofer Galashan, a director and holder of more than 10% of Life Time Group Holdings, Inc. (NASDAQ:LTH), reported disposals of common stock with an aggregate value of approximately $105 million on May 5, 2026. The transactions were executed indirectly through affiliated entities and were reported as occurring at a price of $28.60 per share.
Following the sales the stock had risen to $32.19, a price level roughly 12% higher than the disclosed sale price, and the filings note that the shares had posted a 20% return over the prior week. The company’s market capitalization was reported at $7.13 billion and the filings included a price-to-earnings ratio of 18.14. The third-party analysis summarized in the filing indicated the stock appeared overvalued relative to its Fair Value and listed it among companies judged to be on the Most Overvalued list.
John G. Danhakl, also a director and more-than-10% owner of Life Time Group Holdings, Inc., reported significant sales on May 5, 2026, executed indirectly through entities associated with him. The disclosed transactions totaled approximately $105.02 million and included the disposition of 2,493,083 shares at $28.60 per share, amounting to $71,302,173. The filing specifies that those shares were sold by Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC in private transactions exempt from registration.
The filings further show that additional sales totaling approximately $33.7 million were executed directly to the issuer, bringing the combined disclosed sales by Leonard Green & Partners associated entities to over $105 million on that date.
Context and implications
The filings present a snapshot of capital flows among insiders and affiliated investment groups within a narrow multi-day window. On the buy side, the activity spans a range of industries including a digital-asset-affiliated equity (Gold.com), medical devices (Orthofix), mortgage and home finance (Better Home & Finance), energy production (EXPAND ENERGY), and integrated energy (Phillips 66). On the sell side, large dispositions were concentrated in energy infrastructure (Solaris Energy Infrastructure), utility and infrastructure services (Quanta Services), and fitness and lifestyle retail (Life Time Group).
Insider purchases and sales are often monitored by investors as one input among many in assessing sentiment and management alignment with shareholder interests. The filings included in these disclosures also referenced third-party assessments of Fair Value, overvaluation and undervaluation, along with company-specific metrics such as returns over specified periods, 52-week trading ranges, price-to-earnings ratios, market capitalizations, and ownership totals. Where those third-party assessments are cited, the filings characterize certain stocks as appearing undervalued and others as appearing overvalued relative to Fair Value.
Key points
- Large buy: Tether Global Investments Fund and affiliated parties acquired 530,338 shares of Gold.com at $44.50 per share on May 5, 2026, a $23.6 million purchase that is the second tranche of a larger PIPE Financing agreement.
- Notable insider buys also include Engine Capital’s acquisition of 185,896 Orthofix shares for about $2.23 million, the CEO of Better Home & Finance increasing his stake for about $197,485, EXPAND ENERGY’s CFO buying $192,860 of stock, and a director at Phillips 66 purchasing 175 shares worth $30,296.
- Large sales: Directors and executives sold significant stakes in Solaris Energy Infrastructure (2,000,000 shares for $149 million), Quanta Services (155,992 shares for roughly $120.2 million), and multiple insiders and affiliated entities sold over $105 million of Life Time Group shares.
Risks and uncertainties
- Valuation risk - Several filings referenced third-party analysis that labeled certain stocks as overvalued relative to Fair Value, notably Solaris Energy Infrastructure, Quanta Services, and Life Time Group; this may affect investor perception in energy and infrastructure sectors.
- Price volatility - Prices for some names disclosed were near 52-week highs or lows at the time of the filings, indicating potential heightened short-term volatility in stocks such as Quanta Services and EXPAND ENERGY, which could impact market participants in construction, utilities, and energy sectors.
- Concentration and timing risk - Several sizable block transactions and related-party exchanges, such as the Solaris LLC Unit-for-Common-Stock exchange and immediate Class A share sale, introduce execution and timing elements that may influence secondary market liquidity and perceived insider intent in energy infrastructure securities.
Conclusion
The filings disclosed on May 7, 2026, illustrate a mixed insider picture: substantial purchases by investment funds and corporate officers in a range of industries, counterbalanced by very large sales from executives and affiliated entities in energy infrastructure, services and consumer-facing companies. These reports provide concrete data on how insiders and affiliated organizations allocated capital during the covered dates but do not by themselves establish the motives behind either purchases or sales.
Investors may incorporate these transactions into broader analyses, but filings alone do not explain the full set of strategic, tax, liquidity or portfolio reasons that can drive insider trading. The disclosures emphasize quantities, prices and relative valuation assessments without attributing subjective rationale for each transaction.