Week of 2026-08-25

Ten trades surfaced this week across two officials: OPM Director Scott A. Kupor disclosed a series of large technology and healthcare stock sales, while President Trump reported several municipal bond and stock purchases from late June.

The Big Picture

This week's disclosures are split evenly between two officials. Scott A. Kupor, the Director of the Office of Personnel Management, filed several transactions in mid-July showing he sold sizable stakes in technology and healthcare companies — moves consistent with divestiture requirements for incoming senior officials. Separately, President Donald J. Trump disclosed five purchases made in late June, primarily in municipal bonds, filed on August 22.

This Week's Notable Trades

Scott A. Kupor, Director (Office of Personnel Management)

• Sold two separate lots — each in the $1,000,001–$5,000,000 range — in Okta, Inc. (OKTA) on July 17, 2026, disclosed three days later. Okta is an identity and access management software company; the two transactions together represent a significant divestiture.
• Sold a $1,000,001–$5,000,000 position in Samsara Inc. Class A Common Stock (IOT) on July 14, 2026, disclosed July 15. Samsara provides connected operations software and sensor platforms for fleet and industrial customers.
• Sold a $500,001–$1,000,000 position in Omada Health Common Stock (OMDA) on July 14, 2026, disclosed July 15. Omada is a digital health company focused on chronic disease prevention programs.
• Sold a $100,001–$250,000 position in Robinhood Markets Inc. Class A Common Stock (HOOD) on July 17, 2026, disclosed July 20.

Donald J. Trump, President (White House Office)

• Bought a $500,001–$1,000,000 position in the Texas Transportation Commission Highway Improvement Refunding Bond, 5.00%, due April 1, 2026 on June 26, 2026, disclosed August 22. This Texas state-backed municipal bond had already reached its maturity date at the time of disclosure.
• Bought a $250,001–$500,000 position in Microsoft Corporation on June 24, 2026, disclosed August 22.
• Bought a $100,001–$250,000 position in the Montgomery County, MD Consolidated Public Improvement Refunding Series C Bond, 4.00%, due October 1, 2030 on June 29, 2026, disclosed August 22.
• Bought a $100,001–$250,000 position in the Dahlonega, GA Water and Sewer Revenue Refunding Bond, 3.60%, due September 1, 2034 on June 24, 2026, disclosed August 22. Dahlonega is a small city in northern Georgia; the bond finances local water and sewer infrastructure.

By the Numbers

• Total trades disclosed: 10
• Buys: 5 | Sells: 5
• Most active officials: Scott A. Kupor (5 trades), Donald J. Trump (5 trades)
• Most active agencies: Office of Personnel Management (5 trades), White House Office (5 trades)
• Top sectors sold: Technology (3 trades), Healthcare (1 trade)
• Top sectors bought: Not categorized in filings (municipal bonds and one equity without sector attribution)
• Potential conflicts flagged: None
• Late filings in this batch: 2 trades formally marked late; see below for full context

Late to File

Under the STOCK Act, senior executive-branch officials must disclose a personal securities transaction within 45 days of the trade date. All five of President Trump's transactions in this batch were made in late June 2026 and disclosed on August 22, 2026 — between 54 and 59 days after each trade:

• Pennsylvania State Higher Education Revenue Bond Series A, 2.870% — traded June 24, disclosed August 22, 59 days after the trade.
• Dahlonega, GA Water and Sewer Revenue Refunding Bond, 3.60%, due September 1, 2034 — traded June 24, disclosed August 22, 59 days after the trade.
• Microsoft Corporation — traded June 24, disclosed August 22, 59 days after the trade.
• Texas Transportation Commission Highway Improvement Refunding Bond, 5.00%, due April 1, 2026 — traded June 26, disclosed August 22, 57 days after the trade.
• Montgomery County, MD Consolidated Public Improvement Refunding Series C Bond, 4.00%, due October 1, 2030 — traded June 29, disclosed August 22, 54 days after the trade.

Late disclosure is a timing issue under the law, not an assertion of wrongdoing.

All-time: Across all executive-branch filings tracked in this database, 88.3% have been submitted late — 28,579 of 32,381 total. President Trump leads all tracked officials with 22,845 late filings; Mitchell M. Zais follows with 284, and Nuria Fernandez with 278.

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.