Stock Markets June 16, 2026 09:01 AM

Insider trading roundup: Voss Capital adds to PAR stake as Lightspeed affiliates pare Navan holdings

Significant purchases by hedge funds and insiders at PAR, Comstock, Blend Labs and CervoMed contrast with large disposals at Navan, Dell and StoneX

By Nina Shah
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A review of disclosed insider transactions for Monday, June 15, 2026, shows concentrated buying by several executives and affiliated investment vehicles in smaller-cap names including PAR Technology, Comstock, Blend Labs and CervoMed, while sizeable share disposals were recorded for Navan, Dell and StoneX. The moves come alongside varying stock performance and InvestingPro fair-value notes cited in filings.

Insider trading roundup: Voss Capital adds to PAR stake as Lightspeed affiliates pare Navan holdings
PAR LODE BLND CRVO ADSK
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Key Points

  • Voss Capital, LP purchased 350,000 shares of PAR Technology between June 11-12, 2026, spending about $5.06 million; PAR trades near $14.69 and is down 77% from its 52-week high of $72.15.
  • Steven Pei bought 250,000 shares of Comstock (LODE) on June 11-12, 2026, paying a total of $1,024,225 and increasing indirect ownership to 1,718,323 shares.
  • Lightspeed Opportunity Fund, L.P. and related party Arif Janmohamed sold 2,024,131 shares of Navan (NAVN) between June 12-15, 2026, realizing roughly $40.8 million in proceeds.

Insider filings reported for Monday, June 15, 2026, reveal a mix of meaningful purchases and large-scale sales across technology, travel, financial services and healthcare-related names. Below is a detailed account of the most notable transactions disclosed by company officers, directors, and affiliated funds in mid-June.


Top buys

Voss Capital bolsters PAR Technology position

Voss Capital, LP increased its holdings in PAR Technology Corp (NYSE:PAR) via a sequence of trades executed June 11 and June 12, 2026. Across those two days the firm acquired 350,000 shares of PAR common stock for approximately $5.06 million. Execution prices ranged from $14.0128 to $14.9766 per share, levels that sit near PARs prevailing market price of $14.69 cited in disclosures. PAR has risen 8.6% over the past week but remains well below its 52-week high of $72.15 - down 77% over the prior year. InvestingPro commentary included in the filing indicates PAR appears undervalued at current levels. The purchases were made through accounts managed by Voss Capital, LP, where Travis W. Cocke is identified as the managing member.

Steven Pei strengthens Comstock stake

Steven Pei, a director at Comstock Inc. (NASDAQ:LODE), reported the acquisition of 250,000 shares of common stock across two transactions on June 11 and June 12, 2026. The combined outlay was $1,024,225, with trade prices between $4.0852 and $4.1047 per share. These purchases occurred at a time when the stock has exhibited momentum - appreciating 82% from a 52-week low of $2.24 and posting a 14% return over the past six months. InvestingPro analysis referenced in the filing indicates Comstock is trading near its Fair Value. The June 11 activity included an indirect acquisition of 100,000 shares through Gratia Capital. Following the filing, indirect ownership was reported at 1,718,323 shares. That figure reflects an earlier reporting on June 3, 2026, which documented 1,890,980 shares of indirect ownership, of which 272,657 shares were no longer held with any pecuniary interest for the reporting persons.

Brian N. Sheth and affiliated Haveli entities buy into Blend Labs

Brian N. Sheth, a director and holder of a 10% ownership position in Blend Labs, Inc. (NASDAQ:BLND), along with several affiliated Haveli entities, acquired 1,156,928 shares of the companys Class A Common Stock between June 11 and June 15, 2026. The total cost of those shares was approximately $1,991,365, with per-share prices ranging from $1.6976 to $1.7405. The reported insider purchasing took place while the stock traded at $1.68 and had declined about 45% over the previous six months. The filing notes InvestingPros view that Blend appears undervalued at current levels, and discloses a company current ratio of 1.81 and revenue growth of 7.4%. The acquisitions were primarily conducted by Haveli Brooks Aggregator, L.P., which directly holds the securities. The filing outlines the ownership chain: Haveli Investments Software Fund I GP, LLC is the general partner of Haveli Brooks Aggregator, L.P.; Whanau Interests LLC is the sole member of Haveli Investments Software GP; and Mr. Sheth is the managing member of Whanau Interests LLC.

Joshua S. Boger participates in CervoMed private placement

Joshua S. Boger, a director and 10% owner of CervoMed Inc. (NASDAQ:CRVO), acquired common stock valued at roughly $2,999,999 on June 11, 2026. The transaction comprised 955,414 shares priced at $3.14 per share. The filing indicates CervoMed traded at $2.48 at the time the report was prepared, representing an approximate 15% decline over the prior week, and a 70% drop over the past six months. InvestingPro analysis included in the filing assigns a Fair Value of $3.40 to CervoMed and notes a market capitalization of $23.42 million. Mr. Bogers purchase was executed as part of a private placement in which the Joshua S. Boger 2021 Trust, for which he acts as sole trustee, purchased units. Each unit comprised one share of common stock, one Series B warrant and one Series C warrant. The Series B warrants carry an exercise price of $3.32, are exercisable immediately and expire on June 11, 2031. The Series C warrants are exercisable at $3.14, are immediately exercisable and expire on June 11, 2027.

Autodesk CFO adds to holdings

Janesh Moorjani, Executive Vice President and Chief Financial Officer at Autodesk, Inc. (NASDAQ:ADSK), purchased 2,500 shares of Autodesk common stock on June 15, 2026, at $197.67 per share, for a total of approximately $494,174. Following this acquisition, Moorjanis direct ownership in the design software company totals 50,993 shares, a figure that includes 29,317 shares of unvested Restricted Stock Units.


Top sells

Lightspeed Opportunity Fund unloads large Navan stake

Lightspeed Opportunity Fund, L.P., one of several Lightspeed-affiliated entities collectively designated as a 10% owner of Navan, Inc. (NASDAQ:NAVN), reported the sale of approximately $40.8 million worth of Navan Class A Common Stock between June 12 and June 15, 2026. The fund disposed of a total of 2,024,131 shares at prices ranging from $19.77 to $20.91 per share. The sales were executed in tranches: on June 12 the fund sold 197,748 shares at a weighted average price of $19.77, 822,069 shares at a weighted average price of $20.06 and 83 shares at a weighted average price of $20.91. On June 15 further sales took place - 573,572 shares at a weighted average price of $20.19 and 430,659 shares at a weighted average price of $20.62. Navan shares were trading at $20.10 in the disclosure and had returned 56% over the prior six months, leaving the company with a market capitalization of $5.1 billion. InvestingPro analysis cited in the filing states the stock appears slightly overvalued relative to its Fair Value.

Director Arif Janmohamed reports related Navan sales

Arif Janmohamed, a director at Navan, Inc. (NASDAQ:NAVN), reported the disposition of the same block of 2,024,131 Navan Class A shares for approximately $40.8 million. The filings show Mr. Janmohameds sales took place on June 12 and June 15, 2026, at prices between $19.77 and $20.91 per share. The disclosure indicates these transactions were executed indirectly through Lightspeed Opportunity Fund, L.P. The filing details Mr. Janmohameds role within the Lightspeed ownership structure: he serves as a director of Lightspeed Ultimate General Partner Opportunity Fund, Ltd., which is the general partner of Lightspeed General Partner Opportunity Fund, L.P., itself the general partner of Lightspeed Opportunity Fund, L.P. The filing states he shares voting and dispositive power over these shares but disclaims beneficial ownership other than to the extent of his pecuniary interest.

Sales by Silver Lake-associated entities and Egon Durban at Dell

Entities associated with Silver Lake, including Dell Technologies Inc. (NASDAQ:DELL) director Egon Durban, sold 57,353 shares of Dell Class C Common Stock on June 11, 2026, generating proceeds of approximately $23,728,674. Reported sale prices ranged from $370.40 to $390.92 per share. The filing notes that Dells stock has appreciated 279% over the past year and was trading at $409.07, well above the prices at which these shares were sold. InvestingPro analysis included in the filing marks Dell as appearing overvalued relative to its Fair Value. The filing also records that 82,191 shares of Class B Common Stock were converted into an equal number of Class C Common Stock shares prior to the sales. Each Class B share is convertible into one Class C share at any time and has no expiration date.

StoneX CFO sells following option exercise

William J. Dunaway, Chief Financial Officer of StoneX Group Inc. (NASDAQ:SNEX), sold 63,602 shares of StoneX common stock on June 12, 2026, realizing approximately $8,342,012 in proceeds at an average price of $131.1596 per share. The filing states that the average price represents a summary figure and that detailed breakdowns of the number of shares sold at each separate price are available. The timing is notable because StoneX stock has gained 142% over the past year and traded near a 52-week high of $138.47 in the disclosure. InvestingPro analysis cited places the stock among companies that appear overvalued relative to Fair Value. The filing further notes Mr. Dunaway purchased 84,375 shares of common stock on the same day through the exercise of stock options at a price of $13.34 per share, for a total cost of $1,125,562.


Monitoring insider activity

The filings illustrate how company executives, directors and affiliated funds are either adding to or trimming positions across a range of market capitalizations and sectors. Insider buys are commonly interpreted as expressions of confidence in a companys prospects - a conclusion reflected in several of the filings which pair purchases with InvestingPro assessments of undervaluation. Large sales, particularly by funds or directors, can reflect a range of motivations. The disclosures reiterate that sales do not necessarily signal negative outlooks; executives may liquidate shares for personal financial planning, diversification or liquidity reasons. Tracking these transactions alongside other fundamental metrics and the valuation notes included in the filings can give investors additional context when assessing portfolio positions.

Data limitations and context

All transaction details above are drawn from the reported SEC filings and InvestingPro notes included within those disclosures. The filings provide specific prices, share counts, ownership changes and the related corporate affiliations involved in each trade. Where filings detail chained entity relationships - as with the Haveli entities in the Blend Labs disclosure or the Lightspeed ownership structure tied to Navan - those relationships are reproduced as stated in the filings. The reports do not offer definitive reasons behind each trade beyond the ownership and structural descriptions provided by the reporting parties.


For readers evaluating these disclosures, the filings present contemporaneous snapshots of insider activity and declared ownership; investors should weigh this color together with company fundamentals and valuation measurements referenced in the filings.

Risks

  • Insider sales do not inherently indicate company-specific pessimism; sales may be driven by personal liquidity needs, diversification or tax planning - relevant to corporate governance and investor sentiment in travel and technology sectors.
  • InvestingPro assessments cited in filings describe some names as appearing overvalued or undervalued; valuation uncertainty can affect investor decisions in technology, payments and fintech-related companies.
  • Ownership structures and indirect holdings documented in the filings - for example, multiple Haveli entities and Lightspeeds layered funds - complicate transparency around ultimate beneficial ownership, which can affect how market observers interpret insider activity.

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