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Insider Sale Insider Sale May 8, 2026

Giraudo Bryan sold ~$12M in Protagonist Therapeutics Inc stock

Protagonist Therapeutics Inc (PTGX)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

PTGX price after insider trade by Giraudo Bryan

Insider

Giraudo Bryan

Role

Transaction

Open-Market Sale

Approx. Value

~$12M

Trade Date

May 8, 2026

Company

Protagonist Therapeutics Inc

Ticker

PTGX

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$12M sale

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

GB

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On May 8, 2026, Giraudo Bryan — a corporate insider at Protagonist Therapeutics Inc — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$12M in Protagonist Therapeutics Inc (PTGX) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$12M
Insider role Insider

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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