SoftBank's $563M SYM exit leads a verified sell wave — whale moves May 21–29

This run covers an ~19-hour window (Saturday May 30, 6 pm UTC through Sunday May 31, 1 pm UTC). Because the SEC does not accept Form 4 filings on weekends, no new disclosures hit the queue. All items below trade-dated May 21–29, sourced from Insider Monitor and cross-verified against SEC EDGAR. A critical point for context: the prior run (May 30) contained systematic share-count inflation affecting 10 items — figures overstated by 6x to 265x. Every dollar amount in this article reflects the verified, corrected values. Where last run's figures differed significantly, corrections are flagged inline.

Two SoftBank-linked entities filed matching Form 4 sales in Symbotic (SYM — warehouse robotics and AI automation, backed early and heavily by SoftBank) on May 27. 1

Sb Investment Advisers (US) Inc. sold 5,590,000 shares at $50.41, realizing $281.8M. SoftBank Vision Fund II affiliate SVF II Strategic Investments AIV LLC sold the same number of shares on the same day at the same price for another $281.8M. Combined: 11,180,000 shares, $563.6M total. 1

Two smaller sells from the same week add context without changing the headline number: Symbotic CTO Kuffner disclosed a $207,500 sale (May 22–26) and Director Krasnow a $1.4M sale. These are routine executive transactions; the institutional weight sits entirely with the SoftBank block.

SoftBank has been among SYM's largest shareholders since the company went public via SPAC in 2022. Selling a matched-pair $563.6M block through two coordinated entities on the same day is not routine position trimming — it is a meaningful distribution event. Whether it reflects portfolio rebalancing, SoftBank's ongoing capital recycling across its Vision Fund II holdings, or a view on SYM's valuation at current prices is not stated in the filing; the filing itself documents only the transaction. What is observable: this is the largest single-day institutional Form 4 disclosure in this week's data set by a wide margin.

Verified sell-wave magnitudes after correcting prior-run share-count inflation.

The May 30 run contained a systematic share-count inflation bug affecting 10 positions — overstated by factors ranging from 6x (NVTS) to 265x (COR). The table below shows the full correction set. 1

The most consequential correction for last run's narrative: SCHW CEO Wurster's "buy" was $1.85M — not $155.8M — and COR Director Durcan's buy was $1.07M, not $283.5M. Both were cited as the session's top confirmed buys. At their corrected sizes, they are modest director-level transactions, not conviction bets. The buy side for the week, after correction, carries no single position above $10M in confirmed open-market purchases.

WMT — Walton trust distributes $310.5M over four days. The Walton Family Holdings Trust, a vehicle for the Walton founding family's stake in Walmart (WMT), sold in four tranches between May 22 and May 28: 1,591,500 shares at $120.32 ($191.5M), 532,340 shares at $120.21 ($64.0M), 254,178 shares at $119.05 ($30.3M), and 207,649 shares at $119.01 ($24.7M). Combined: approximately $310.5M. 1 CEO McMillon also sold $2.3M and EVP Watkins $1.3M in the same window — concurrent with but separately from the trust block. Staged multi-day distribution from a family trust of this size is consistent with a pre-scheduled liquidity program rather than a tactical call.

LTH — Leonard Green PE group clears $307.8M in a single session. Four entities linked to Leonard Green & Partners — Peridot Coinvest Manager LLC, John Kristofer Galashan, John G. Danhakl, and Partners Group Access 83 PF LP — each sold 3,006,100 shares (except Partners Group, which sold 449,960) of Life Time Group Holdings (LTH — fitness club chain) at $32.51 on May 21, combining for $307.8M. 1 Leonard Green has held LTH since its 2021 IPO; coordinated block sales across multiple PE-affiliated entities on a single day typically indicate a formal secondary distribution or sponsor exit tranche.

CRWV — Seven CoreWeave insiders sell ~$228M in three days. Director Jack D. Cogen led the cluster with three tranches: May 26 ($106.4M), May 27 ($10.4M), and May 28 ($68.6M), totaling $185.4M. 1 CEO Michael Intrator added $33.1M on May 26. CSO Brian Venturo sold $7.9M on May 27. CFO Nitin Agrawal, GC Kristen McVeety, COO Sachin Jain, and Director Karen Boone each filed smaller transactions in the same window (combined ~$2.1M). CoreWeave (CRWV — cloud infrastructure focused on GPU compute for AI workloads) went public in March 2025; Cogen's $185.4M figure is a correction from last run's $7.3B error.

TWLO — Sachem Head exits $184.1M. Scott Ferguson's Sachem Head GP LLC, a New York-based activist fund (approximately $3B AUM), sold 1,000,000 Twilio (TWLO — cloud communications platform) shares at $184.14 on May 27, realizing $184.1M. 1 This is a new discovery not covered in the prior run. Sachem Head was publicly known as a TWLO activist shareholder; this transaction reduces their reported position by a disclosed 1M-share block. CEO Shipchandler also sold $5.9M on the same day.

NVTS — Four-insider semi cluster totals $116.3M (corrected). Navitas Semiconductor (NVTS — gallium nitride and silicon carbide power semiconductors used in EV charging and AI server power supply) saw four insiders file on May 27–28. 1 Ranbir Singh dominated with $108.7M across two days (3,724,176 shares). Gary Kent Wunderlich Jr. sold $3.0M, Richard J. Hendrix $4.2M, and CEO Chris Allexandre $424K. Combined: $116.3M. The prior run's $724M figure reflected a 6× share-count inflation.

ALAB — President & COO exits $116.5M. Astera Labs (ALAB — connectivity semiconductors for AI data centers) President and COO Sanjay Gajendra sold 400,000 shares at $291.16 on May 21 for $116.5M. 1 General Counsel Philip Mazzara filed a concurrent $232K sale. At $291/share and 400,000 shares, this is a large single-transaction sell by a named executive.

A few notes on specific names: LILA / John Malone — the same transaction appeared on both Insider Monitor's buys and sales pages, a data presentation artifact; this is a sell confirmed by the underlying SEC filing URL. 1 SNOW / Slootman — the $103.2M figure (corrected from $21.9B) reflects a May 28 block of 400,000 shares at $233.70 ($93.5M) combined with a May 26 sale of 55,350 shares at $176.46 ($9.8M). SATL / Mnuchin — Steven Mnuchin served as U.S. Treasury Secretary from 2017 to 2021 and is disclosed as a 10% owner of Satellogic (SATL — satellite earth observation company). The 10,000,000-share, $97.7M sale on May 26 is straightforward by the filing; no public statement on the rationale has been located.

UCTT's 16 same-day Form 4s anchored the week's AI/semi insider activity.

Ultra Clean Holdings (UCTT — semiconductor equipment cleaning and components for chip fabs) filed 16 Form 4s in a single day on May 27, the largest single-day insider filing cluster in this week's data set. 4 Each filing is 4–6 KB, suggesting relatively small individual transactions or option exercises. The transaction-level dollar amounts require parsing the individual XML filings, which is a gap in this run's coverage; the cluster's size and same-day concentration are confirmed.

Four additional AI and semiconductor names saw confirmed Form 4 activity in the May 26–29 window, all verified via SEC EDGAR but without Insider Monitor dollar amounts: 5 6 7 8

INFQ's (Infleqtion — quantum computing) continued selling also falls in this cluster. Directors Singer and Ainslie filed matched $30.4M sales each on May 29, combining for $60.9M — corrected from last run's $1.03B error. 1 Both directors had larger tranches in May 21–22 (Singer ~$182M, Ainslie ~$187M), making the May 29 batch the tail end of a multi-week coordinated exit. NVTS confirmed 4 additional Form 4s on May 29, consistent with the $116.3M cluster discussed above. 9

The buy side this week is limited after removing last run's inflated SCHW and COR figures.

TXO — Bob Simpson closes an 8-buy streak. Bob Simpson, founder and director at TXO Partners (TXO — an oil and gas royalty partnership), completed his eighth consecutive open-market purchase on May 27: 65,592 shares at $13.20, for $866,076. 10 The full eight-buy sequence (May 21–27) covered 450,000 shares and $6.1M total. No new Form 4 appeared in the weekend window, so the streak is confirmed ended at buy #8. Insider Monitor ranks Simpson's week at #7 among top buys for the period.

Three smaller confirmed buys round out the picture: 10

These three sit below the threshold where single-buyer signal typically carries strong inference weight, but they represent open-market conviction purchases at current prices rather than option exercises.

RPAY — Forager files new 13D/A with stockholder letter. This is the most significant new special-situation development of the run. Forager Fund (an activist shareholder in Repay Holdings, RPAY — a payment processing company serving vertical markets) submitted a Schedule 13D/A amendment on May 27 (SEC accession no. 0001654954-26-005393), its first amendment since May 18. 11 The filing includes an exhibit labeled "LETTER TO STOCKHOLDERS" (EX-99) and three chart attachments totaling 780 KB — a meaningful document size suggesting substantive new content. The full text of the letter was not obtainable in this run because the SEC's XML endpoint returned a 403 error on the primary document. What is confirmed: Forager is actively communicating with the RPAY shareholder base, continuing the campaign that began after its $4.80/share acquisition offer was rejected by the RPAY board on May 4. A competing proxy card (DEFC14A) has been on file since May 11. Readers tracking RPAY should check the SEC EDGAR filing page directly for the EX-99 text once it becomes accessible. 11

HUBC — No 13D conversion, 10-day window runs to ~June 6. Hub Cyber Security (HUBC — cybersecurity hardware for critical infrastructure) filed no new disclosures in the weekend window. 12 The watch item is investor Walden's 13G, filed May 27 with Item 10 listed as N/A — an anomaly that can indicate a filer does not qualify for passive-investor status and may need to convert to a more active Schedule 13D. The 10-day conversion window from the May 27 filing date runs approximately to June 6. HUBC's Nasdaq compliance deadline for its late 20-F filing remains July 17; the stock trades around $0.106.

BHR — Proxy stalemate continues, no annual meeting date. Braemar Hotels & Resorts (BHR) saw no new filings in the window. The record as of May 28: activist investor Al Shams (Wafic Said Al Shams) holds approximately 9.55% and has a competing proxy card (DFAN14A filed May 22) calling for board representation. 13 The company responded by appointing Ashford Inc. COO Eric Batis to the board (disclosed via 8-K on May 28) and accepting the resignations of directors Carter and Musser. No DEF 14A has been filed. No annual meeting date has been set. ISS and Glass Lewis have not issued recommendations. The standoff has no announced resolution path.

NNDM — Murchinson silent, no EGM after MarkForged sale. Nano Dimension (NNDM — 3D printing and advanced electronics) filed nothing new in the weekend window. 14 The unresolved thread: NNDM completed the sale of its MarkForged subsidiary to Stratasys for $42.5M (announced May 27 via 8-K). Activist Murchinson — who holds approximately 7.4% and has been publicly demanding board changes since May 22 — has not responded to the MarkForged transaction in any public filing. No extraordinary general meeting has been called. No PREC14A or DEFC14A from Murchinson appears in the queue. The next anticipated catalyst is any formal response from Murchinson or a new company announcement.