Milmoe William H. has filed 104 transactions across two companies, with a total sell value of $21.5 million and zero open-market purchases. The recent activity is concentrated in Celsius Holdings (CELH), where a series of "J" code transactions appear daily from July 7 through August 3, 2026. Each of those 20 filings carries a value of $6,937,905, which sums to roughly $138.8 million in reported transactions for that period. The "J" code is not among the standard purchase, sale, grant, or exercise designations in the Form 4 legend, so the filings do not reflect a discretionary buy or sell decision by the filer.
The other holding is INBP, where recent filings show a grant ("A") on June 24, 2026, with a value of zero, and four gift transactions ("G") in March and April 2026, also valued at zero. Those involve no cash consideration. Across the full record, Milmoe has no reported open-market buys, no option exercises, and no tax-withholding sales. The only cash-generating events are the CELH "J" transactions, which are mechanical in nature and recur on a fixed schedule.
The pattern is one-sided. Milmoe has not used a Form 4 to acquire shares in the open market at any point in the dataset. The CELH filings dominate the dollar volume, and they are uniform in size and frequency. The INBP activity is limited to compensation and gifts. On the available record, the insider has no buying bias, and the only selling activity is the recurring CELH series that began in early July 2026 and continued through the start of August.
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