Good morning and happy Sunday!

Ready for another inning of insider baseball? A prominent Republican lawmaker quietly ditched Lululemon, one Tesla board member made the company’s first insider buy in years, and Vision Capital just bulked up its bet on Microsoft.

Here’s what went down.

P.S. This newsletter was drafted Friday. Want these trade alerts as they happen? Join Elite Insider here.

🧘 Rob Bresnahan Ditches Lululemon

On April 28, 2025, Representative Rob Bresnahan (R-PA) disclosed the complete sale of his position in Lululemon Athletica Inc. $LULU ( ▲ 1.09% ), valued between $1,001 and $15,000.

The transaction might be modest in size, but timing is everything. Lululemon has been under pressure lately — from declining North American growth to stiffer competition in the premium athleticwear market. After a years-long run as a Wall Street favorite, the stock has come down from its highs, and macro headwinds haven’t helped.

Whether Bresnahan was cashing out or sensing trouble ahead, his exit mirrors a larger trend: the market’s no longer stretching to justify LULU’s high-end valuation.

🚗 Tesla Gets First Insider Buy in 5 Years

On April 24, 2025, Tesla Inc. $TSLA ( ▼ 1.85% )  director Joseph Gebbia disclosed the purchase of 4,000 shares at $256.31 each, totaling approximately $1.03 million.

This isn’t just any insider purchase though. It marked the first insider buy at Tesla in half a decade. Gebbia, an Airbnb $ABNB ( ▼ 1.62% )  co-founder turned Tesla board member, put serious money on the table at a moment when most insiders have been notably quiet. Tesla stock has had a rough 2025 so far, weighed down by falling deliveries, cash burn concerns, and increasing competitive heat.

Could Gebbia’s buy be related to reports the EV maker is seeking a successor for CEO Elon Musk? Or is it simply a bold vote of confidence that the bottom is in? Either way, it’s rare to see this sort of skin in the game from Elon’s inner circle.

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💻 Vision Capital Sticks With Microsoft

On April 30, 2025, Vision Capital Management, Inc. disclosed an increased stake in Microsoft Corp. $MSFT ( ▲ 0.3% ), buying shares at $375.39 and bringing its total holdings to 62,779 shares.

Recently, Microsoft has performed better than many of its peers, thanks largely to its aggressive — and so far, successful — investments in AI infrastructure. And it shows no signs of slowing either. When the tech giant reported earnings this past week, its capital expenditures jumped 53%, and it still surged past profit expectations.

Between its Azure growth, OpenAI partnership, and firm grip on the enterprise cloud market, Microsoft remains a stand-out among stand-outs. Vision Capital’s addition here appears to be a classic "don't overthink it" move.