The insider activity dump this morning is screaming. Paul Grasby at AMD just sold 15,000 shares at $514.91 — [that's roughly $7.7M in executive stock](https://www.sec.gov/Archives/edgar/data/2488/000000248826000161/xslF345X06/wk-form4_1787086197.xml). Meanwhile, KLAC's leadership has been systematically liquidating for weeks: the EVP and CEO alone offloaded nearly 90K shares around $198–$209 levels in mid-August. Here's the tell: These aren't routine diversification trades.

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