Regulatory disclosures posted on Thursday detail a mix of concentrated insider buys and outsized sales among U.S.-listed companies, with transactions ranging from modest director purchases to multi-million-dollar block sales by large shareholders. Below is a company-by-company account of the most material moves reported.
Top buys
Sweetgreen, Inc. (NYSE: SG)
Goldman Sachs Group Inc and Goldman Sachs & Co. LLC, each identified in the filing as ten-percent owners, reported a sequence of purchases in Sweetgreen Class A common stock on April 7, 2026, totaling $3.3 million. The disclosed transactions show acquisitions executed within a narrow price band of $5.61 to $5.72 per share. Specific entries include a purchase of 566,000 shares at $5.69 per share, an additional lot of 11,243 shares at $5.69, and several smaller tranches at prices between $5.61 and $5.72. After these transactions, the combined indirect ownership attributed to the reporting entities rose to 11,902,223 shares.
The filings note that Sweetgreen shares are trading close to a 52-week low of $4.49 and have declined 74% over the trailing year. InvestingPro analysis, as cited in the disclosure, flags the stock as appearing undervalued at present, with a market capitalization of $691 million versus $679 million of revenue over the last twelve months.
Jana Partners Management, LP - Lamb Weston Holdings Inc. (NYSE: LW)
Jana Partners Management, identified in the filings as holding a director role through deputization, disclosed purchases in Lamb Weston on April 7 and April 8, 2026 totaling $9.7 million. On April 7, the firm acquired 136,000 shares through multiple trades priced between $40.81 and $41.12, resulting in that day’s purchase valuation of $5,559,040 and lifting their holdings to 5,148,980 shares. On April 8, Jana Partners added 100,000 shares at $41.41 per share, representing $4,141,000, and bringing the total reported stake to 5,248,980 shares.
Better Home & Finance Holding Co (NASDAQ: BETR)
Director Talwar Harit purchased 5,000 shares of Class A common stock on April 9, 2026, at a weighted average price of $32.8863. The filing records individual trade prices that ranged from $32.81 to $32.89, giving the transaction a total value of $164,431. Following the purchase, Talwar Harit’s direct ownership was reported as 36,698 shares.
Core & Main, Inc. (NYSE: CNM)
Director Hope James D acquired 1,972 shares of Class A common stock at $50.695 per share on April 7, 2026, a block valued at $99,970. After this transaction the director’s direct holdings stood at 6,939 shares. The filing also references Core & Main’s most recent fourth-quarter fiscal 2025 results: the company reported earnings per share of $0.52 versus analysts’ expectations of $0.33, representing a 57.58% positive surprise, while revenue of $1.58 billion slightly trailed the anticipated $1.59 billion.
RENN Fund, Inc. (EXCHANGE: RCG)
Horizon Kinetics Asset Management LLC, together with Murray Stahl, President and Co-Portfolio Manager, disclosed purchases of RENN Fund common stock on April 7, 2026, at $3.24 per share. The filing states a total cash outlay of $3,674. Horizon Kinetics directly acquired 360 shares, and additional acquisitions were made indirectly through several affiliated entities named in the filing, including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., and Horizon Kinetics Hard Assets LLC.
Top sells
Legence Corp. (LGN)
Blackstone Inc. and affiliated entities reported the sale of two large blocks of Legence Class A common stock on April 9, 2026. The filing shows 9,528,699 shares sold at $54 per share and an additional 5,865,413 shares also sold at $54 per share. Together, these dispositions produced gross proceeds of roughly $831 million. The disclosure also indicates the conversion of 9,528,699 Class B units of Legence Holdings LLC into Class A common stock in conjunction with the transactions.
Post-sale trading has the stock at $59.76, near a 52-week high of $60.50, and the security has appreciated approximately 89% over the past year. The filing cites a market capitalization of $6.24 billion and references InvestingPro’s assessment that the equity appears overvalued versus its Fair Value, placing it among the platform’s more overvalued names.
Select Water Solutions, Inc. (NASDAQ: WTTR)
Crestview Partners, identified as a significant shareholder, sold 3,096,223 shares of Select Water Solutions Class A common stock on April 8, 2026. The sales were executed at $15.12 per share and generated proceeds of $46,814,890. The disclosure shows the conversion of 2,430,240 Common LLC Units into Class A common stock, and records the cancellation of 2,430,240 Class B common shares for no consideration. The filing further notes indirect association of director Robert V. Delaney, Jr. with Crestview entities.
The report states that WTTR shares are trading near a 52-week high of $16.00 and have gained 83% over the last year. InvestingPro analysis included in the filing flags the stock as appearing overvalued at current prices, noting a reported price-to-earnings ratio of 74.33.
Grail, Inc. (NASDAQ: GRAL)
Grail’s chief executive officer, Robert P. Ragusa, sold 123,502 shares of common stock on April 8, 2026, at $49.92 per share, producing proceeds of $6.16 million. The filing records that Ragusa retained a direct ownership position of 518,582 shares following the sale. The stock has since weakened to $47.58 and experienced a roughly 13.5% drop over the prior week. The filing includes InvestingPro’s view that, despite the recent decline from a 52-week high of $118.84, the stock presently appears overvalued relative to its Fair Value.
Also on April 8, 2026, Grail President Joshua J. Ofman completed an automatic sell-to-cover transaction in which 61,665 shares were sold at $49.9176 per share for total proceeds of $3.07 million. The filing characterizes this as an executing broker’s automatic sell-to-cover to meet withholding tax obligations upon award vesting and the delivery of shares. The stock is noted as having fallen approximately 14% over the preceding week while remaining up 91% over the past year.
United Therapeutics Corp (NASDAQ: UTHR)
Martine A. Rothblatt, Chairperson and Chief Executive Officer of United Therapeutics, sold 9,139 shares of common stock on April 8, 2026, across multiple transactions with prices ranging from $565.3815 to $585.4782, bringing sales proceeds to about $5.5 million. The filing also discloses that on the same date Rothblatt exercised options to purchase 9,500 shares of United Therapeutics common stock at an exercise price of $146.03, a transaction valued at $1,387,285.
Context and considerations
These filings collectively show varied motivations and scales of insider activity: institutional investors and corporate insiders added to positions in several consumer and industrial names, while other large shareholders and executives reduced stakes in companies ranging from construction-related Legence to water-services provider Select Water Solutions and life-sciences and diagnostics companies such as Grail and United Therapeutics.
The filings also include third-party valuation commentary drawn from InvestingPro that flags certain stocks as appearing undervalued or overvalued relative to Fair Value, and report recent trading ranges and year-over-year performance figures. Where cited, market capitalization figures and trailing revenue or valuation metrics are taken directly from the disclosures.
How investors may interpret filings
Regulatory insider disclosures can provide a snapshot of how company insiders and large shareholders are adjusting their holdings. Purchases by officers, directors or sizable institutional owners are sometimes interpreted as signals of confidence, while large sales can reflect profit-taking, rebalancing, or other financial and tax planning needs. Filings here include both standard director purchases and automated sell-to-cover transactions that are specifically described as occurring to cover withholding taxes upon equity award vesting.
It is important to remember the limitations of interpreting transaction filings in isolation. The filings do not always reveal the rationale for trading, and insiders often transact for a variety of personal and institutional reasons unrelated to near-term company fundamentals.
Bottom line
The most material activity disclosed on Thursday involved both concentrated buying by institutional and director-level holders in Sweetgreen, Lamb Weston and other names, and very large block sales by major holders of Legence and Select Water Solutions. The filings provide precise share counts, execution prices and resulting ownership positions that market participants can use alongside other fundamental and market data when forming an investment view.
Investors should weigh these disclosures as one input among many, considering the documented context in each filing - including conversions, cancellations, and automated tax-related sales - rather than treating any single transaction as definitive evidence of future performance.