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.
- Raised their own holding by 38%.
Reasons for caution
- Other insiders sold $4.4M in the same 90 days, more than was bought (7% of it pre-planned).
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
- Similar past buys beat the S&P 500 only 44% of the time (84 cases); the typical one trailed it by 2.6%.
What happened after this filing
Insider Twins: past buys with the same traits
1 insider buying · incl. CEO or CFO · $1M+ · stock down 20%+ in 3 months
OSCR Apr 7, 2026 +128.2% vs S&PPANW Mar 27, 2026 +83.2% vs S&PNSP May 6, 2026 +82.2% vs S&PAEI Jun 9, 2021 -57.6% vs S&PASAN Feb 18, 2022 -54.1% vs S&PASAN Feb 28, 2022 -53.8% 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.
Paul Gu (CEO) bought $1.0M of UPST at about $20.57 on Nov 11, 2026, reported to the SEC on Nov 13, 2026. Buys like this beat the S&P 500 44% of the time since 2020, against 46% for all insider buys. We found 3 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.