Insider Trading: Zedge Director Buys Over 2.2M Shares, StoneX CEO Sells $3.7M in Stock

A director at Zedge, Inc. made a substantial investment in the company, while the CEO of StoneX Group Inc. sold a multi-million dollar stake, according to regulatory filings disclosed Tuesday that detail recent insider trading activity.

Notable Insider Purchases

Corporate insiders demonstrated confidence through several significant stock purchases, providing a potentially bullish signal for their respective companies.

• Zedge, Inc. (NASDAQ:ZDGE): Howard S. Jonas, a director and 10% owner, acquired 2,218,430 shares of Class B Common Stock and nearly 2 million warrants in a private offering on September 25, representing a major commitment from a key stakeholder.
• Corebridge Financial, Inc. (NASDAQ:CRBG): Nippon Life Insurance Co., a major shareholder, purchased 178,840 shares for approximately $6.17 million. The transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
• Hudson Technologies Inc. (NYSE:HDSN): Director and 10% owner Hartree Partners, LP, bought 118,549 shares for a total of approximately $604,445.

Other smaller but notable buys included a director at Precision Biosciences Inc. (NASDAQ:DTIL) acquiring $16,384 in shares and the interim CFO of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) purchasing stock worth nearly $26,000.

Significant Insider Sales

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On the sell side, several executives and directors liquidated portions of their holdings, with some sales occurring under pre-arranged trading plans and near multi-year highs for their company's stock.

• StoneX Group Inc. (NASDAQ:SNEX): CEO and Director Philip Andrew Smith sold 56,250 shares for a total of approximately $3.7 million. The filings note this sale followed the exercise of an equal number of stock options.
• Arista Networks, Inc. (NASDAQ:ANET): CEO and Chairperson Jayshree Ullal sold 62,622 shares through various trusts for a total of approximately $13.2 million. These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted in November 2025.
• Marriott International Inc (NASDAQ:MAR): Two directors, J.W. Marriott, Jr. and David S. Marriott, each sold 3,500 shares of Class A Common Stock, with each transaction totaling approximately $1.23 million.

What This Means for Investors

Insider trading activity is closely watched by investors for clues about a company's future prospects. Substantial open-market purchases, particularly by multiple insiders, can signal strong confidence in the company's direction and valuation.

Conversely, insider sales are often more difficult to interpret. While they can sometimes indicate concern, they are frequently motivated by personal financial planning, tax obligations, or portfolio diversification. Sales conducted under a Rule 10b5-1 plan are pre-scheduled and are therefore generally considered less indicative of an insider's current sentiment. Investors typically view insider transactions as one of many data points in their broader analysis of a security.