The Form 4 tsunami hitting mega-cap tech and biotech (DELL EPS, UTHR $161M, CRWV $293M in 30 days) reads bearish to most observers, but the real story is *where* that capital is going. Silver Lake dumping positions of DELL at -400 isn't a liquidity event—it's deliberate. Same with UTHR's EVP Mahon and CEO Rothblatt liquidating in a tight band ($548-557 range).

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