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Stock brief · the live tape
SAPSAP SE Sponsored ADR
Information Technology
$221.54
▲ $35.55 (+19.1%) · 30dclose Friday, August 28, 2026
Disclosed flow is mixed.
6 members · 21 disclosed trades
The Hill
▲ 11▼ 10
11 buys · 10 sellsThe Boardroomno Form 4 activity
Feeding Time13F lens lands with fund ingestion
What is behind it
Recent Signal Scores, decayed29
Events counted, 90d2
Net congressional flowbuying
The tape
Price with a twin dot per disclosed trade: filled at the trade, hollow at the filing. The dashed gap is what the market did in between, not anyone’s return.
trade (congress)filingtrade (insider)call legput leg
The cost of chasing
Each rail runs from their trade to their filing. The hatched part is the move a copier missed to the disclosure lag; the solid part is what copying at the filing kept.
Armstrong+29.4+43.5
Armstrong+31.6+43.5
Cisneros-12.1-9.4
McClain-14.8-6.4
McClain-18.1-6.4
McClain-14.5-6.4
McClain-14.5-6.4
Cisneros-21.0-6.9
McClain-15.6-19.8
Hoyle-16.5-16.6
Median copy kept -13.9% from the filing vs -16.5% from the trade date; the lag took -2.6 pts. The S&P returned +17.0% over the same windows. Numbers describe the window shown; they are not a forecast.
Who is behind it
Congress members with a disclosed position, biggest first. Click through to their dossier.
Lisa C. McClainHouse · Financial Services · Education & WorkforceFiled this one in 21dmixed$88KAlan ArmstrongSenate · Health, Education, Labor & Pensions · Indian AffairsFiled this one in 112dbought$41KBruce WestermanHouse · Natural Resources · Transportation & InfrastructureFiled this one in 21dmixed$24KGilbert Ray Cisneros, Jr.House · Armed Services · Small BusinessFiled this one in 38dmixed$16KVal T. HoyleHouse · Natural Resources · Transportation & InfrastructureFiled this one in 17dmixed$16K
Committee overlap is a fact, not an accusation. An option leg behind a share buy reads very differently from a plain purchase, so it is called out but never scored as intent.
The boardroom
Form 4 insider transactions. The stated plan is part of the record.
No Form 4 insider activity on file for this ticker.
The forward book
Every disclosed option leg on this ticker: what was filed, and where the strike sits versus today.
No disclosed option legs on SAP yet. They plot here the day they file.
A call and a put are shown as filed. We do not infer whether a leg is a hedge or a leveraged bet, because the filing does not say. Read the strike and expiry, not an implied intent.
The fund book
Tracked 13F holders and how their position moved, quarter over quarter.
13F fund positions on SAP light up when fund ingestion lands. Quarter-end marks, up to 45 days lagged, never live holdings.
Cross-check
When different sources file on the same name inside a window. Overlap like this is rare.
No convergence: SAP is not showing congress and insider filings together in the last 90 days.
Sources file on different clocks; an overlap like this is rare.
⚠️ Public information, sourced from STOCK Act, Form 4 and 13F filings. Ranges use midpoints. Price paths between a trade and its filing are market moves, not anyone’s return. Not financial advice.