{"scope": "industry", "title": "Airports & Air Services", "sector": "Industrials", "industry": "Airports & Air Services", "intelligence": {"score": 16, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 65, "confidence_label": "Well supported", "filings": 135, "companies": 3, "insiders": 40, "signal_events": 50, "acquisition_events": 1, "disposal_events": 49, "acquisition_share": 2.0, "disposal_share": 98.0, "acquisition_value": 8201.0, "disposal_value": 15024019.447, "net_value": -15015818.447, "acquisition_value_label": "$8.2K", "disposal_value_label": "$15.0M", "net_value_label": "-$15.0M", "data_quality": 37, "priced_common_share": 37, "latest_date": "2026-07-15", "latest_signal_date": "2026-07-15", "oldest_date": "2026-05-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 95, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 40, "bar_width": 42.1}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Other executive", "count": 56, "bar_width": 100.0}, {"label": "Director", "count": 39, "bar_width": 69.6}, {"label": "Other or unspecified", "count": 21, "bar_width": 37.5}, {"label": "CEO and chair", "count": 7, "bar_width": 12.5}, {"label": "Finance leadership", "count": 7, "bar_width": 12.5}, {"label": "Large holder", "count": 5, "bar_width": 8.9}], "supports": ["Participation spans 40 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 15, "qualified_acquisitions": 0, "qualified_disposals": 15, "total": 15, "height": 31.9, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 24, "disposals": 16, "qualified_acquisitions": 0, "qualified_disposals": 6, "total": 40, "height": 85.1, "acquisition_height": 60.0, "disposal_height": 40.0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 4, "disposals": 8, "qualified_acquisitions": 0, "qualified_disposals": 7, "total": 12, "height": 25.5, "acquisition_height": 33.3, "disposal_height": 66.7}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 0, "disposals": 6, "qualified_acquisitions": 0, "qualified_disposals": 6, "total": 6, "height": 12.8, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 2.1, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 22, "disposals": 25, "qualified_acquisitions": 0, "qualified_disposals": 7, "total": 47, "height": 100.0, "acquisition_height": 46.8, "disposal_height": 53.2}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 2, "disposals": 4, "qualified_acquisitions": 0, "qualified_disposals": 2, "total": 6, "height": 12.8, "acquisition_height": 33.3, "disposal_height": 66.7}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 4, "qualified_acquisitions": 0, "qualified_disposals": 4, "total": 4, "height": 8.5, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Tools & Accessories", "score": 68, "confidence": 85}, {"label": "Pollution & Treatment Controls", "score": 67, "confidence": 84}, {"label": "Specialty Business Services", "score": 65, "confidence": 92}, {"label": "Waste Management", "score": 65, "confidence": 88}, {"label": "Conglomerates", "score": 62, "confidence": 92}, {"label": "Electrical Equipment & Parts", "score": 60, "confidence": 91}, {"label": "Specialty Industrial Machinery", "score": 54, "confidence": 93}, {"label": "Farm & Heavy Construction Machinery", "score": 53, "confidence": 93}, {"label": "Engineering & Construction", "score": 53, "confidence": 91}, {"label": "Security & Protection Services", "score": 53, "confidence": 91}, {"label": "Rental & Leasing Services", "score": 48, "confidence": 92}, {"label": "Trucking", "score": 47, "confidence": 86}, {"label": "Business Equipment & Supplies", "score": 45, "confidence": 57}, {"label": "Industrial Distribution", "score": 42, "confidence": 92}, {"label": "Railroads", "score": 40, "confidence": 88}, {"label": "Building Products & Equipment", "score": 37, "confidence": 94}, {"label": "Aerospace & Defense", "score": 37, "confidence": 93}, {"label": "Metal Fabrication", "score": 37, "confidence": 90}, {"label": "Staffing & Employment Services", "score": 35, "confidence": 84}, {"label": "Integrated Freight & Logistics", "score": 32, "confidence": 84}, {"label": "Airlines", "score": 30, "confidence": 86}, {"label": "Consulting Services", "score": 26, "confidence": 84}, {"label": "Airports & Air Services", "score": 16, "confidence": 65}, {"label": "Marine Shipping", "score": 12, "confidence": 77}], "leaders": {"constructive": [], "cautious": [{"symbol": "JOBY", "name": "Joby Aviation", "score": 12, "confidence": 81}, {"symbol": "ASLE", "name": "AerSale Corp", "score": 16, "confidence": 70}, {"symbol": "UP", "name": "Wheels Up Experience Inc", "score": 22, "confidence": 85}], "active": [{"symbol": "UP", "name": "Wheels Up Experience Inc", "score": 22, "confidence": 85}, {"symbol": "JOBY", "name": "Joby Aviation", "score": 12, "confidence": 81}, {"symbol": "ASLE", "name": "AerSale Corp", "score": 16, "confidence": 70}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}