Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- Bought by the CEO, one of the two people with the fullest view of the company.
Reasons for caution
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
- Small next to what they already own (holding up 1.8%).
- Similar past buys beat the S&P 500 only 39% of the time (97 cases); the typical one trailed it by 5.7%.
What happened after this filing
Insider Twins: past buys with the same traits
1 insider buying · incl. CEO or CFO · $1M+ · stock up over 3 months
LOB Aug 28, 2020 +112.9% vs S&PASAN Jun 22, 2021 +109.4% vs S&PASAN Jul 2, 2021 +55.4% vs S&PBIOE Oct 11, 2024 -94.9% vs S&PGVH May 4, 2026 -84.7% vs S&PTHMO Apr 30, 2020 -72.8% vs S&PWhat we couldn't check
- Why they traded. Filings don't say, and we don't guess.
- Company news after the filing, and any private terms.
Bin Zhao (CEO) bought $168K of API at about $4.40 between Oct 19, 2026 and Oct 22, 2026, reported to the SEC on Oct 22, 2026. Buys like this beat the S&P 500 39% of the time since 2020, against 46% for all insider buys. We found 2 points that make it worth a closer look and 3 reasons for caution. History, not a prediction.
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Written by fixed rules from SEC filings and our measured history, not by an AI model. Public data only. History, not a prediction, and not investment advice.