Good morning and happy Friday! As earnings season heats up, this past week’s insider trading activity gave us a few key signals worth watching. JPMorgan’s CEO made headlines with a massive sale, a rising GOP lawmaker made a quiet bet on a fintech underdog, and yet another firm pulled back on Tesla.

Here’s what went down.

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

📲 Byron Donalds Bets on PayPal’s Rebound

On April 14, 2025, Rep. Byron Donalds (R-FL) disclosed a purchase of PayPal Holdings Inc. $PYPL ( ▼ 1.11% )  stock with a trade valued between $1,001 and $15,000.

PayPal has been battling stiff competition from Apple Inc. $AAPL ( ▼ 0.78% ), Block Inc. $XYZ ( ▲ 0.68% ), and Zelle, all while undergoing a strategic reboot. Under new CEO Alex Chriss, the company is cutting costs, refocusing on its digital wallet, and pushing to regain relevance in a rapidly evolving payments landscape.

Donalds' small stake may reflect more than just a portfolio play. As regulators and lawmakers keep a closer eye on financial infrastructure and digital currencies, fintech names like PayPal are coming back into the spotlight. His buy could be an early bet that PayPal’s reinvention story is just getting started.

🏦 Jamie Dimon Cashes Out $31M

On April 14, 2025, JPMorgan Chase & Co. $JPM ( ▼ 0.08% )  Chairman and CEO Jamie Dimon sold 133,639 shares, totaling approximately $31.5 million at an average price of $235.68. It marks only his second sale — and first significant one — since taking the helm in 2005.

JPM has remained a fortress through financial storms, and Dimon’s steady leadership has earned him near-mythic status on Wall Street. So when he makes a move like this, people pay attention. His stated reason? Tax planning and portfolio diversification. But with the bank's shares near record highs, it could also be smart timing.

Whether this is a one-time rebalancing or a quiet step toward succession planning remains to be seen. Either way, it’s a symbolic moment. Investors may not be panicking, but they’re certainly watching to see what Dimon does next.

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⚡ TPG Financial Pulls Back on Tesla

On April 16, 2025, TPG Financial Advisors, LLC disclosed a reduction in its position in Tesla Inc. $TSLA ( ▼ 3.38% ), selling shares at an average price of $259.16 on March 31.

Tesla Inc. has had a choppy 2025 so far. Lagging deliveries, slashed prices, and leadership shifts have all weighed on investor sentiment. Add in fierce EV competition from China and growing skepticism about the ROI on major capital projects, and it’s not hard to see why some firms are trimming exposure.

TPG’s move is indicative of a larger trend among money managers: moving from ride-or-die loyalty to disciplined risk management. As the EV space matures, Tesla’s next move will need to generate more than just hype.