Week of 2026-09-21

Forty-seven trades were disclosed this week, led by multimillion-dollar Microsoft stock-option activity from Rep. Josh Gottheimer of New Jersey and a broad rotation out of tech and financial stocks by the week's busiest filer.

The Big Picture

Republicans accounted for 40 of the 47 trades disclosed this week; Democrats filed seven. Rep. Josh Gottheimer (D-NJ) dominated by dollar value, simultaneously buying and selling Microsoft stock options in disclosed ranges totaling up to $3 million — a pattern consistent with rolling existing positions to new contract terms. Technology stocks were both the most bought and the most sold sector overall, while consumer-defensive names such as PepsiCo saw notable accumulation. Ten transactions carried potential committee-overlap flags.

This Week's Notable Trades

Josh Gottheimer (D-NJ)

• Disclosed buying a $500,001–$1,000,000 stock-option position in Microsoft Corp (MSFT) on Aug. 14 while simultaneously selling a position in the same range — stock options give the holder the right to buy or sell shares at a set price, and same-day buy-and-sell transactions of this type often reflect a portfolio roll (closing old contracts and opening new ones at different terms).
• Also disclosed a second round of Microsoft Corp (MSFT) options activity on Aug. 14 in the $250,001–$500,000 range, again one purchase and one sale.
• Disclosed buying a $1,001–$15,000 position in Applied Materials Inc (AMAT) on Aug. 6; Applied Materials makes the equipment used to manufacture semiconductor chips.

Scott Franklin (R-FL)

• Disclosed selling $1,001–$15,000 positions in Apple Inc (AAPL), Alphabet Inc (GOOGL), and JPMorgan Chase & Co (JPM) on Aug. 20 — a broad trim across technology and financial holdings.
• Disclosed buying $1,001–$15,000 positions in PepsiCo Inc (PEP), McDonald's Corp (MCD), Novo Nordisk A/S (NVO), and Accenture PLC (ACN) on Aug. 26, rotating into consumer, healthcare, and technology-consulting names.
• Potential conflict: Rep. Franklin serves on the House Science, Space & Technology Committee, which oversees federal technology and research policy; his purchase of Accenture PLC (ACN), a technology and management consulting firm, and his sale of Apple Inc (AAPL) represent a potential overlap between that committee's jurisdiction and these technology-sector trades.

August Pfluger (R-TX)

• Disclosed exchanging $1,001–$15,000 positions in Liberty Broadband Corp (LBRDA) and Charter Communications Inc (CHTR) on Aug. 20. An "exchange" transaction in STOCK Act filings typically reflects a corporate event — such as a merger or share-class conversion — rather than a discretionary buy or sell. Liberty Broadband is Charter's largest shareholder, and the two transactions appear tied to the same corporate event.
• Potential conflict: Rep. Pfluger sits on the House Energy and Commerce Committee, which has jurisdiction over telecommunications and broadband policy; both Liberty Broadband Corp (LBRDA) and Charter Communications Inc (CHTR) are broadband and cable operators that fall within that committee's purview.

Byron Donalds (R-FL)

• Disclosed selling a $1,001–$15,000 position in Howmet Aerospace Inc (HWM) on Aug. 11; Howmet makes precision-engineered components for aerospace and defense customers.
• Disclosed selling a $1,001–$15,000 position in Parker-Hannifin Corp (PH) on Aug. 11; Parker-Hannifin is a diversified industrial manufacturer serving aerospace and automation markets.
• Disclosed buying a $1,001–$15,000 position in Netflix Inc (NFLX) on Aug. 12, shifting from industrial holdings into a streaming media company.

Alan Armstrong (R-OK)

• Disclosed buying stock-option positions in The Williams Cos Inc (WMB) on Aug. 19 ($1,001–$15,000) and Aug. 20 ($15,001–$50,000); Williams Companies operates one of the largest natural gas pipeline networks in the United States.
• Disclosed selling a $1,001–$15,000 position in Electronic Arts Inc (EA) on Aug. 4; Electronic Arts is a major video game publisher.

By the Numbers

• Total trades disclosed: 47
• Party split: 40 Republican, 7 Democrat
• Most-bought sectors: Technology (6 trades), Consumer Defensive (5), Consumer Cyclical (5)
• Most-sold sectors: Communication Services (5), Technology (4), Financial Services (4), Industrials (4)
• Most active member: Rep. Scott Franklin (R-FL), 23 disclosed transactions
• Potential conflicts flagged: 10

Most significant potential conflicts this week:

• Rep. August Pfluger (R-TX) — House Energy & Commerce Committee; exchanged broadband holdings in Liberty Broadband (LBRDA) and Charter Communications (CHTR).
• Rep. Scott Franklin (R-FL) — House Science, Space & Technology Committee; purchased Accenture (ACN) and sold Apple (AAPL).
• Rep. David Taylor (R-OH) — House Agriculture Committee; purchased The Procter & Gamble Co (PG), a consumer goods company with food and household product lines.

Late to File

No late filings were recorded among this week's disclosures.

All-time: across 22,703 tracked disclosures, 12.4% were filed late; the most frequent late filers on record are Rep. Sheri Biggs (171 late filings), Rep. Julia Letlow (136), Rep. Valerie Hoyle (114), Sen. Thomas H. Tuberville (108), and Sen. Alan Armstrong (96). A late disclosure is a timing issue under the STOCK Act's 45-day reporting window; it does not indicate wrongdoing.

The Fine Print

Data derived from public STOCK Act disclosures. Disclosure date is not the trade date (filings lag 30-45 days). Dollar figures are disclosed ranges, not exact amounts. Conflict-of-interest flags are heuristic "potential overlaps," not assertions of wrongdoing. Not investment advice.