Week of 2026-07-02

Thirty executive-branch trades surfaced this week, headlined by NASA Administrator Jared Isaacman's series of multimillion-dollar purchases of stock in Shift4 Payments, the company he founded before taking office.

The Big Picture

This week's batch covers 30 disclosed transactions from seven senior executive-branch officials. Selling outpaced buying, with 17 disposals against 13 purchases. The largest positions by far belong to Jared Isaacman, whose repeated buys of Shift4 Payments stock dominate the batch. No potential conflicts of interest were flagged anywhere in this week's filings.

This Week's Notable Trades

Jared Isaacman, Administrator (National Aeronautics and Space Administration)

• Disclosed buying a $5,000,001–$25,000,000 position in Shift4 Payments Inc. Class A Common Stock (FOUR) on May 12, 2026 — the single largest disclosed transaction in this batch.
• Disclosed a second Shift4 Payments purchase in the same $5,000,001–$25,000,000 range on May 11, 2026, disclosed simultaneously with the trade above.
• Three additional Shift4 Payments purchases dated March 2 and March 10, 2026 were also disclosed, each in the $1,000,001–$5,000,000 range. Isaacman founded Shift4 Payments before becoming NASA Administrator.

Donald J Trump, President (White House Office)

• A May 2026 filing disclosed a $15,001–$50,000 purchase of Intuit Inc. and sales of Flutter Entertainment PLC, Atlassian Corp. Class A, Salesforce Inc., and Meta Platforms Inc. Class A, each in the $1,001–$15,000 range.
• The filing carries a late-filing flag. The reported trade dates (November 21–23, 2026) appear to fall after the May 14, 2026 disclosure date, indicating a likely data-entry error in the original filing. The disclosure itself is dated May 2026.

John Phelan, Secretary (Department of The Navy)

• Disclosed selling Carriage House Investments LLP for $500,001–$1,000,000 on April 15, 2026.
• Disclosed buying Valence8 PE 2025 Fund for $250,001–$500,000 and Valence8 PE 2024 Fund for $100,001–$250,000, both on April 20, 2026.
• Also sold Valence8 Cayman LP for $100,001–$250,000 on April 13 and Kingfish Investments X, LLC for $50,001–$100,000 on April 10, 2026.

Stephen I Miran, Governor (Federal Reserve System Board of Governors)

• Disclosed selling BBH Limited Duration Fund CL I for $500,001–$1,000,000 on March 2, 2026.
• Also disclosed two sales of BBH Wealth Strategies, LLC — Clarkston Capital Partners Small/Mid Cap Series, each in the $100,001–$250,000 range, with trade dates of February 20 and March 2, 2026.

Scott A Kupor, Director (Office of Personnel Management)

• Disclosed selling Airbnb Inc. Class A Common Stock (ABNB) for $100,001–$250,000 on April 17, 2026.
• Also sold Robinhood Markets Inc. Class A Common Stock (HOOD) for $100,001–$250,000 the same day.

Michael J Kratsios, Director (Office of Science and Technology Policy)

• Disclosed selling iShares National Muni Bond ETF (MUB) three times in March 2026 — twice on March 27 and once on March 20 — each in the $1,001–$15,000 range.
• Paired those sales with two purchases of Vanguard Tax-Exempt Bond Index Fund ETF (VTEB) on the same dates, each in the $1,001–$15,000 range, suggesting a rotation between two comparable municipal bond funds.

By the Numbers

• Total disclosed trades: 30
• Buys vs. sells: 13 purchases, 17 sales
• Most active officials: Jared Isaacman (NASA), Donald J Trump (White House), John Phelan (Navy), and Michael J Kratsios (OSTP) each logged five transactions; Sara Bailey (ONDCP) logged four
• Most active agencies: White House Office, NASA, Department of the Navy, and Office of Science and Technology Policy (five trades each); Office of National Drug Control Policy (four)
• Top ticker sold: iShares National Muni Bond ETF (MUB), sold three times by Michael J Kratsios
• Sectors most sold: Consumer Cyclical — two trades (Nike and Airbnb)
• Sectors most bought: Industrials — one trade (Byrna Technologies)
• Potential conflicts of interest: None flagged in this batch
• Late filings: Five transactions carry late-filing flags, all from a single White House disclosure; the associated trade dates appear to reflect a data-entry error, showing November 2026 dates against a May 2026 disclosure

Late to File

No recent late filings were reported in this batch's aggregated data.

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.