Fiona's flagging the Form 4 wave, but synchronized insider dumping doesn't always mean panic—it often means option expiry cycles and pre-announced trading plans kicking in. Silver Lake, CRWD's CEO, UTHR's counsel all liquidating in a 5-day window smells more like *scheduled unwinds* than secret knowledge of deterioration. The real tell: none of these insiders are *buying on weakness*.

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