← Back to Trades · Published April 2026 · 12 min read
Top 10 Insider Purchases This Quarter (Q1 2026)
Every quarter, InsiderBrief analyzes thousands of SEC Form 4 filings and scores them using our InsiderScore™ methodology. This report highlights the 10 most significant insider purchases from Q1 2026 (January-March), ranked by conviction score. These are the trades where corporate insiders put the most meaningful capital behind their companies.
P) without 10b5-1 plan flags are eligible. All data sourced from SEC EDGAR filings.The Q1 2026 Leaderboard
#1 — Regional Banking Cluster Buy
Sector: Financials · Market cap: $4.2B · Cluster: 4 insiders
Four executives at a mid-cap regional bank — including the CEO and CFO — purchased a combined $8.7 million in stock over a 12-day window in late January. The purchases came after the stock had declined 28% from its 52-week high amid broader concerns about commercial real estate exposure. This cluster buy scored near the maximum on every factor: high dollar magnitude, C-suite participation, strong cluster activity, and deeply contrarian timing.
#2 — Biotech CEO Conviction Purchase
Sector: Healthcare · Market cap: $1.8B · Solo purchase
The CEO of a mid-cap biotech company made a $5.2 million open-market purchase in February — the largest single insider purchase in the healthcare sector this quarter. Notably, this was the CEO’s first open-market purchase since joining the company three years ago, triggering the maximum behavioral rarity bonus. The stock was trading near its 52-week low following a clinical trial delay.
#3 — Enterprise Software Cluster
Sector: Technology · Market cap: $12B · Cluster: 3 insiders
Three insiders at a large-cap enterprise software company — the CFO and two independent directors — purchased $4.1 million in stock during March. The purchases followed a 15% sell-off after the company reported a slowdown in net new ARR growth. Insiders appear to be signaling that the market overreacted to what they view as a temporary deceleration.
#4 — Industrial Conglomerate Director
Sector: Industrials · Market cap: $28B · Solo purchase
A board director with a 20-year tenure at a diversified industrial company made a $3.8 million purchase — the largest single purchase in the company’s insider trading history. The director had previously only made one small purchase in 2019. The stock was trading at a forward P/E well below its five-year average due to tariff concerns.
#5 — Energy CEO Double-Down
Sector: Energy · Market cap: $6.5B · Solo purchase
The CEO of a mid-cap E&P company purchased $2.9 million in stock, adding to a $1.5 million purchase made in Q4 2025. Two large open-market purchases within four months by the same CEO represents sustained conviction. Crude oil prices were at a six-month low when the purchase was made, adding contrarian context.
#6 — Consumer Retail Turnaround Signal
Sector: Consumer Discretionary · Market cap: $2.1B · Cluster: 3 insiders
A newly appointed CEO and two board members purchased a combined $2.4 million within the first month of the new CEO’s tenure. New CEO purchases are particularly noteworthy — they signal confidence in the turnaround strategy before results are visible. The stock had lost 40% over the prior 12 months.
#7 — Semiconductor Executive Purchase
Sector: Technology · Market cap: $45B · Solo purchase
The CFO of a large semiconductor company made a $2.1 million purchase during a sector-wide sell-off driven by inventory correction fears. The CFO — who has deep visibility into the inventory cycle — appears to be signaling that the correction is closer to its end than the market believes.
#8 — Healthcare REIT Insider Cluster
Sector: Real Estate · Market cap: $3.4B · Cluster: 3 insiders
Three insiders at a healthcare-focused REIT purchased a combined $1.8 million in February after the stock dropped 18% on rising interest rate concerns. REIT insider buying during rate-driven sell-offs has historically been a strong signal — these insiders understand their cost of capital better than any external analyst.
#9 — Fintech Founder Buy
Sector: Financials · Market cap: $8.2B · Solo purchase
The founder and chairman of a publicly traded fintech platform made a $3.5 million purchase — notable given the founder already owns 15% of the company. When a large existing holder continues to add to their position in the open market, it reflects deep conviction. The purchase came just outside the company’s pre-earnings blackout window.
#10 — Specialty Pharma Cluster
Sector: Healthcare · Market cap: $950M · Cluster: 3 insiders
Three insiders at a small-cap specialty pharmaceutical company purchased a combined $1.2 million during March. Small-cap pharma cluster buys have historically generated the highest forward returns of any insider trading pattern, according to academic research. The company is approaching a key FDA decision date in Q2.
Q1 2026 Themes
Several patterns emerged from this quarter’s top insider purchases:
- Contrarian buying dominated. Eight of the top 10 purchases occurred in stocks trading near or below their 52-week lows. Insiders were buying fear.
- Cluster activity was elevated. Five of the top 10 entries involved cluster buys — multiple insiders acting in concert. This is above the typical quarterly average.
- Healthcare and financials led. These two sectors accounted for six of the top 10 entries, reflecting insider conviction that recent sector sell-offs were overdone.
- First-time buyers appeared. Three of the top 10 involved insiders making their first-ever open-market purchase, a strong behavioral rarity signal.