Good morning and happy Sunday!

Markets finally found their footing this past week, with sinking Treasury yields and growing hopes for a Fed rate cut giving investors something to cheer about.

While the headlines were focused on macro moves and tariff talk, a handful of insider trades slipped by unnoticed. This week, we spotted a Congressman making a clean break from Intel, a tech CEO cashing out millions in stock, and one institutional investor placing a bold bet on Alphabet just ahead of earnings.

Here’s what went down.

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

💾 George Whitesides Walks Away From Intel

On April 23, 2025, Representative George Whitesides (D-CA) disclosed the full sale of his Intel Corp. $INTC ( ▲ 1.02% )  holdings, valued between $15,001 and $50,000.

It’s the latest vote of no confidence for the struggling legacy chipmaker. Intel’s stock is down more than 60% over the past 5 years, and was largely passed over by the recent AI rally that drove semiconductor companies like Nvidia Corp. $NVDA ( ▼ 0.09% ) into the stratosphere. The half-century-old company’s AI chip ambitions have lagged behind its competitors’, while it still pours billions into foundry expansion.

Intel was granted a reprieve late last year in the form of nearly $8 billion in direct federal funding from the Biden administration. But this latest move from Whitesides suggests lawmakers may not be confident that the investment will make a major difference amid the uncertain macro environment. Or perhaps, under the new administration, there is doubt the investment will even still be made.

📡 Samsara’s CEO Says Sayonara To Some Shares

On April 22, 2025, Biswas Sanjit, CEO of Samsara Inc. $IOT ( ▲ 1.74% ), disclosed a sale of 160,000 shares at $34.97 apiece, totaling roughly $5.6 million. Post-sale, he still holds 102,000 shares.

The timing? Not terrible. The “internet of things” stock has rallied over the past year driven by investor enthusiasm for IoT infrastructure, so Sanjit may simply just be booking some gains.

Still, it’s always worth watching when a CEO cashes out millions. As recession chatter grows louder and macro uncertainty looms, this could be a prudent de-risking move — or just a classic case of personal diversification. Either way, it’s worth noting the CEO still has skin in the game.

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🔍 Sequoia Financial Bets Big on Alphabet

On April 23, 2025, Sequoia Financial Advisors, LLC disclosed a new buy of Alphabet Inc. $GOOGL ( ▲ 0.47% )  shares, bringing their stake to 436,681 shares.

This move came just one day before Alphabet’s earnings on Thursday — and at a time when optimism around potential rate cuts was resonating across Wall Street. With AI infrastructure demand on the rise, Sequoia appears to be leaning into tech’s rebound.

Sure enough, Alphabet beat expectations in the first quarter, hiked its dividend to 5%, and announced $70 billion in stock buybacks. Its stock subsequently opened substantially higher on Friday.

So what did Sequoia see in the tech giant ahead of its report? It’s impossible to say — but also impossible ignore just how much Alphabet has going for it. Beyond its search engine, the firm has become a major player in cloud services, AI, and digital advertising. As the macro picture evolves, its diversified business model continues to draw attention from institutional investors.