Wu Xiaobin, President and COO of an undisclosed company, has demonstrated a clear selling bias in recent transactions involving ONC stock, according to SEC Form 4 filings. Over 39 reported trades, Wu has sold a total of $34.7 million worth of shares while purchasing $14.4 million, with all 21 most recent transactions being sales. The bulk of this activity occurred in concentrated bursts, particularly on August 14, 2025, when Wu executed seven separate sales totaling over $12.1 million, including a single transaction valued at $3.75 million. Another significant selling cluster followed in November 2025, with multiple disposals on the 12th and 17th, including a $1.75 million sale and a $1.2 million transaction.
The pattern suggests a strategic reduction in Wu’s ONC holdings, with no buys recorded since at least mid-2025. Smaller sales—such as a $55,759 transaction on November 12, 2025—appear alongside larger disposals, indicating a methodical unwind rather than a single liquidation event. Two transactions on March 6, 2026, were marked as acquisitions (code "A") but carried no reported value, leaving the recent trend firmly skewed toward divestment. While the reasons for the sales remain undisclosed, the filings reflect a consistent directional shift away from ONC equity over the observed period.
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