{"scope": "sector", "title": "Technology", "sector": "Technology", "industry": null, "intelligence": {"score": 26, "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": 95, "confidence_label": "Deep evidence", "filings": 13891, "companies": 401, "insiders": 2534, "signal_events": 8887, "acquisition_events": 664, "disposal_events": 8223, "acquisition_share": 7.5, "disposal_share": 92.5, "acquisition_value": 398016540.4588, "disposal_value": 8927682323.5965, "net_value": -8529665783.1377, "acquisition_value_label": "$398.0M", "disposal_value_label": "$8.9B", "net_value_label": "-$8.5B", "data_quality": 69, "priced_common_share": 66, "latest_date": "2026-09-11", "latest_signal_date": "2026-09-11", "oldest_date": "2026-06-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 11629, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 1580, "bar_width": 13.6}, {"key": "derivative", "label": "Options and derivatives", "count": 438, "bar_width": 3.8}, {"key": "other", "label": "Other securities", "count": 244, "bar_width": 2.1}], "roles": [{"label": "Director", "count": 3539, "bar_width": 100.0}, {"label": "CEO and chair", "count": 3184, "bar_width": 90.0}, {"label": "Other executive", "count": 2685, "bar_width": 75.9}, {"label": "Large holder", "count": 1670, "bar_width": 47.2}, {"label": "Other or unspecified", "count": 1529, "bar_width": 43.2}, {"label": "Finance leadership", "count": 1284, "bar_width": 36.3}], "supports": ["664 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 2534 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 11 Sep 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-06-29", "label": "29 Jun", "acquisitions": 582, "disposals": 1042, "qualified_acquisitions": 139, "qualified_disposals": 820, "total": 1624, "height": 90.5, "acquisition_height": 35.8, "disposal_height": 64.2}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 150, "disposals": 699, "qualified_acquisitions": 57, "qualified_disposals": 609, "total": 849, "height": 47.3, "acquisition_height": 17.7, "disposal_height": 82.3}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 230, "disposals": 636, "qualified_acquisitions": 41, "qualified_disposals": 495, "total": 866, "height": 48.3, "acquisition_height": 26.6, "disposal_height": 73.4}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 130, "disposals": 331, "qualified_acquisitions": 35, "qualified_disposals": 286, "total": 461, "height": 25.7, "acquisition_height": 28.2, "disposal_height": 71.8}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 184, "disposals": 458, "qualified_acquisitions": 56, "qualified_disposals": 375, "total": 642, "height": 35.8, "acquisition_height": 28.7, "disposal_height": 71.3}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 303, "disposals": 1185, "qualified_acquisitions": 95, "qualified_disposals": 1018, "total": 1488, "height": 82.9, "acquisition_height": 20.4, "disposal_height": 79.6}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 383, "disposals": 1010, "qualified_acquisitions": 62, "qualified_disposals": 783, "total": 1393, "height": 77.6, "acquisition_height": 27.5, "disposal_height": 72.5}, {"start": "2026-08-17", "label": "17 Aug", "acquisitions": 418, "disposals": 1212, "qualified_acquisitions": 94, "qualified_disposals": 946, "total": 1630, "height": 90.9, "acquisition_height": 25.6, "disposal_height": 74.4}, {"start": "2026-08-24", "label": "24 Aug", "acquisitions": 295, "disposals": 639, "qualified_acquisitions": 57, "qualified_disposals": 477, "total": 934, "height": 52.1, "acquisition_height": 31.6, "disposal_height": 68.4}, {"start": "2026-08-31", "label": "31 Aug", "acquisitions": 462, "disposals": 1332, "qualified_acquisitions": 81, "qualified_disposals": 1052, "total": 1794, "height": 100.0, "acquisition_height": 25.8, "disposal_height": 74.2}, {"start": "2026-09-07", "label": "07 Sep", "acquisitions": 149, "disposals": 507, "qualified_acquisitions": 42, "qualified_disposals": 418, "total": 656, "height": 36.6, "acquisition_height": 22.7, "disposal_height": 77.3}, {"start": "2026-09-14", "label": "14 Sep", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Financials", "score": 76, "confidence": 75}, {"label": "Real Estate", "score": 69, "confidence": 93}, {"label": "Utilities", "score": 63, "confidence": 96}, {"label": "Basic Materials", "score": 59, "confidence": 95}, {"label": "Financial Services", "score": 51, "confidence": 95}, {"label": "Consumer Defensive", "score": 49, "confidence": 94}, {"label": "Energy", "score": 47, "confidence": 94}, {"label": "Industrials", "score": 46, "confidence": 94}, {"label": "Consumer Cyclical", "score": 44, "confidence": 94}, {"label": "Healthcare", "score": 40, "confidence": 95}, {"label": "Communication Services", "score": 33, "confidence": 92}, {"label": "Technology", "score": 26, "confidence": 95}], "leaders": {"constructive": [{"symbol": "TSM", "name": "Taiwan Semiconductor Manufacturing", "score": 88, "confidence": 97}, {"symbol": "IDAI", "name": "Trust Stamp Inc", "score": 87, "confidence": 81}, {"symbol": "INTZ", "name": "Intrusion Inc", "score": 85, "confidence": 99}, {"symbol": "AWRE", "name": "Aware Inc", "score": 84, "confidence": 70}, {"symbol": "LFUS", "name": "Littelfuse Inc", "score": 83, "confidence": 99}, {"symbol": "ACN", "name": "Accenture plc", "score": 82, "confidence": 94}, {"symbol": "SCKT", "name": "Socket Mobile Inc", "score": 82, "confidence": 80}, {"symbol": "SCOR", "name": "Comscore Inc", "score": 81, "confidence": 71}], "cautious": [{"symbol": "CIFR", "name": "Cipher Mining Inc", "score": 12, "confidence": 67}, {"symbol": "OCC", "name": "Optical Cable Corporation", "score": 12, "confidence": 68}, {"symbol": "MXL", "name": "MaxLinear Inc", "score": 12, "confidence": 68}, {"symbol": "PAY", "name": "Paymentus Holdings, Inc.", "score": 12, "confidence": 69}, {"symbol": "AVGO", "name": "Broadcom Inc", "score": 12, "confidence": 70}, {"symbol": "BILL", "name": "Bill Com Holdings Inc", "score": 12, "confidence": 73}, {"symbol": "TEAM", "name": "Atlassian Corp Plc", "score": 12, "confidence": 74}, {"symbol": "NOW", "name": "ServiceNow Inc", "score": 12, "confidence": 77}], "active": [{"symbol": "CRWD", "name": "Crowdstrike Holdings Inc", "score": 12, "confidence": 100}, {"symbol": "DELL", "name": "Dell Technologies Inc", "score": 13, "confidence": 98}, {"symbol": "APPF", "name": "Appfolio Inc", "score": 12, "confidence": 93}, {"symbol": "NET", "name": "Cloudflare Inc", "score": 15, "confidence": 97}, {"symbol": "STX", "name": "Seagate Technology PLC", "score": 17, "confidence": 96}, {"symbol": "VICR", "name": "Vicor Corporation", "score": 28, "confidence": 91}, {"symbol": "DDOG", "name": "Datadog Inc", "score": 22, "confidence": 97}, {"symbol": "ANET", "name": "Arista Networks", "score": 16, "confidence": 98}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}