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BTSGNet selling

Insider activity on BTSG over the last 12 months.

Open-market buys
Open-market sells
$1.73B
Distinct insiders
5
Filings (12mo)
16
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Price & insider trades

Where insiders bought and sold against BTSG's price — tap a bubble for the P&L since.

Insider buyInsider sellClose · 12mo · $63.23 now
Tap a bubble to see the insider's P&L since they traded.

Graded signals

AI-scored insider events on BTSG — tap any signal for the full read.

5
BEARISH
KKR Completes Full $857M Exit of BTSG Stake in Second Major Liquidation
7d ago

Private equity giant KKR Group Partnership L.P. reduced its position by $857.5M (100% stake), selling at $58.45, which is 5.4% below the 90-day high. This is KKR's fifth and final sell transaction on BTSG, following a $807.5M sale in March, with no other institutional buyers filing purchases in the last 60 days. Bull: A clean PE exit removes a major overhang; stock could stabilize if strong earnings absorb the float. Bear: The exit represents a significant portion of the float; watch for secondary offering pressure or a lack of new institutional demand to replace KKR.

Where it could go — PE full exits of this scale typically lead to stock digestion over 30-60 days; watch for a buyback announcement or new 13G filings from other institutions to signal absorption.

Conviction 5/10HIGH importance70% confidence
5
BEARISH
KKR exits entire BTSG position in $857M block sale at 5.4% below 90d high
7d ago

Private equity firm KKR Phoenix Aggregator liquidated its entire $857M stake (100% reduction) at $58.45, positioning 5.4% below the 90-day high. This completes a 9-month exit program totaling $1.66B across five sales following their initial $129M position build in September 2024. Exit represents significant float overhang; watch for institutional absorption or potential buyback announcement to counter supply.

Where it could go — PE full exits typically digest over 30-60 trading sessions; monitor volume patterns and any large institutional crosses above $60.

Conviction 5/10HIGH importance70% confidence
2
NEUTRAL
BTSG CFO exercises 35,000 options, sells $2.1M — newly exercised shares only
8d ago

Phipps Jennifer A exercised 35,000 options at $6.37 and sold the resulting shares at $58.75 ($2.1M). The sale came from newly exercised options and did not reduce previously held shares, leaving 250,224 directly held shares.

Where it could go — Exercise-and-sell transactions are largely mechanical and carry limited directional signal.

Conviction 2/10MEDIUM importance65% confidence
2
NEUTRAL
BTSG See Remarks exercises 35,000 options, sells $2.1M — newly exercised shares only
8d ago

Nalley Lisa A exercised 35,000 options at $6.37 and sold the resulting shares at $58.75 ($2.1M). The sale came from newly exercised options and did not reduce previously held shares, leaving 131,948 directly held shares.

Where it could go — Exercise-and-sell transactions are largely mechanical and carry limited directional signal.

Conviction 2/10MEDIUM importance60% confidence
3
NEUTRAL
BTSG See Remarks exercises 130,000 options, sells $7.6M — newly exercised shares only
8d ago

ROUSSEAU JON B exercised 130,000 options at $6.37 and sold the resulting shares at $58.75 ($7.6M). The sale came from newly exercised options and did not reduce previously held shares, leaving 1,194,503 directly held shares.

Where it could go — Exercise-and-sell transactions are largely mechanical and carry limited directional signal.

Conviction 3/10MEDIUM importance65% confidence

Recent insider trades

The open-market buys and sells filed on BTSG.

KKR Group Partnership L.P.
10%+ owner · 2026-06-05
$857.5M
sell
KKR Phoenix Aggregator L.P.
10%+ owner · 2026-06-05
$857.5M
sell
Phipps Jennifer A
Chief Financial Officer · 2026-06-05
$2.1M
sell
Nalley Lisa A
See Remarks · 2026-06-05
$2.1M
sell
ROUSSEAU JON B
See Remarks · 2026-06-05
$7.6M
sell