Josh Gottheimer
Josh Gottheimer (NJ) sold $500K-$1M of $MSFT (Microsoft Corporation - Common Stock (MSFT) [OP]) on May 19, 2026, part of 20 transactions in this filing (10 buys, 10 sells).
HillSignal flagged 6 timing concerns on this filing — trades that line up closely with related legislative or contract activity.
Price Movement Since Trade
How the largest positions have moved from the trade date to the most recent close.
Showing the 6 largest positions. See every transaction in the table below.
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See the full trade breakdown, suspicious timing flags, and how this filing connects to active legislation.
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6 flagsRep. Gottheimer bought $250K-$500K and $500K-$1M in $MSFT on May 19, 2026 — 14 days before S4656 (DoD AI bill) was introduced, and 15 days before an Executive Order on AI innovation. Both events directly benefit Microsoft's AI and cybersecurity business.
Rep. Gottheimer bought $1K-$15K in $PANW on May 14, 2026 — 5 days before S4565 (cyber threat bill) and 6 days before HR8880 (small business cyber assistance bill) were introduced. Both bills could increase demand for Palo Alto Networks' cybersecurity products.
Rep. Gottheimer bought $1K-$15K in $AMD on May 5, 2026 — 16 days before the Stop Stealing our Chips Act (S1473) was introduced, which targets export controls on semiconductors — a sector directly relevant to AMD.
Rep. Gottheimer bought $1K-$15K in $PANW on May 14, 2026 — the same day HR7418 (STEADFAST Act) and HR8819 (AI risk management bill) were introduced, both of which could boost demand for cybersecurity and AI compliance solutions.
⚠️ PRESIDENTIAL ACTION: Executive Order signed 6/22/2026: "Ushering in the Next Frontier of Quantum Innovation". This action accelerates federal investment and commercialization timelines for quantum computing, sensing, and networking, boosting demand for related hardware, software, and supply chain services.
⚠️ PRESIDENTIAL ACTION: Executive Order signed 6/22/2026: "Securing the Nation Against Advanced Cryptographic Attacks". This action will drive significant government and contractor spending on post-quantum cryptography solutions, benefiting cybersecurity and hardware vendors while creating compliance costs for affected sectors.
These flags identify timing coincidences between stock trades and legislative activity. They do not imply wrongdoing. Click any bill number or ticker to see the full analysis.
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All Transactions
| Type | Ticker | Asset | Amount | Trade Price | Current | Change | Date |
|---|---|---|---|---|---|---|---|
| BUY | $MSFT | Microsoft Corporation - Common Stock (MSFT) [OP](Stock Option) | $500K-$1M | $417.42 | $368.57 | -11.7% | May 19, 2026 |
| BUY | $MSFT | Microsoft Corporation - Common Stock (MSFT) [OP](Stock Option) | $250K-$500K | $417.42 | $368.57 | -11.7% | May 19, 2026 |
| BUY | $AMD | Advanced Micro Devices, Inc. (AMD) [ST] | $1K-$15K | $355.26 | $539.49 | +51.9% | May 5, 2026 |
| BUY | $ADI | Analog Devices, Inc. - Common Stock (ADI) [ST] | $1K-$15K | $414.31 | $391.78 | -5.4% | May 19, 2026 |
| BUY | $FN | Fabrinet Ordinary Shares (FN) [ST] | $1K-$15K | $706.53 | $528.23 | -25.2% | May 1, 2026 |
| BUY | $LITE | Lumentum Holdings Inc. - Common Stock (LITE) [ST] | $1K-$15K | $946.90 | $851.40 | -10.1% | May 22, 2026 |
| BUY | $MU | Micron Technology, Inc. - Common Stock (MU) [ST] | $1K-$15K | $762.10 | $1,145.28 | +50.3% | May 21, 2026 |
| BUY | $PANW | Palo Alto Networks, Inc. (PANW) [ST] | $1K-$15K | $238.21 | $332.00 | +39.4% | May 14, 2026 |
| BUY | $SNDK | Sandisk Corporation - Common Stock When-Issued (SNDK) [ST] | $1K-$15K | $1,339.96 | $2,050.39 | +53.0% | May 7, 2026 |
| BUY | $TWLO | Twilio Inc. Class A Common Stock (TWLO) [ST] | $1K-$15K | $189.67 | $198.77 | +4.8% | May 4, 2026 |
Connected Legislative Activity
9 signalsThese bills and contracts share tickers or sectors with this filing's trades.
A bill to provide for secure and accountable use of artificial intelligence by the Department of Defense, and for other purposes.
S4656, introduced by Sen. Gillibrand, directs the DoD to adopt secure and accountable AI. The bill is at the earliest legislative stage — referred to committee. No funding is authorized yet. The policy signal benefits DoD AI software and services primes like Palantir, Leidos, and CrowdStrike, as well as infrastructure providers like Microsoft and defense AI integrators like RTX. Near-term market impact is moderate given the bill's early stage, but the direction is structurally bullish for these pure-play defense AI contractors.
Small Business Cybersecurity Assistance Evaluation Act of 2026
HR8880 is a procedural bill requiring a GAO study of federal cybersecurity assistance for small businesses. It authorizes no funding and has no direct market impact. The study could inform future policy, but no spending or regulatory changes are mandated.
Energy Threat Analysis Center Act of 2026
The Energy Threat Analysis Center Act of 2026 reauthorizes the DOE's Energy Sector Operational Support for Cyberresilience Program, enhancing cybersecurity collaboration between government and the energy sector. While the bill authorizes no direct spending, it creates a mandate for threat information sharing and advanced analytics that will drive incremental cybersecurity procurement by DOE and utilities. Pure-play cybersecurity vendors with OT capabilities (CRWD, PANW, FTNT) are the primary beneficiaries; generation and grid equipment companies (GEV, NEE) see minimal direct impact.
To require Federal agencies to use the Artificial Intelligence Risk Management Framework developed by the National Institute of Standards and Technology with respect to the use of artificial intelligence.
HR8819, an early-stage bill requiring federal agencies to use the NIST AI Risk Management Framework, was introduced and referred to committee. The bill authorizes no funding and is procedural, with minimal near-term market impact. Cybersecurity and cloud companies like CRWD, PANW, MSFT, and GOOGL could see incremental federal demand if the bill advances, but passage is uncertain.
STEADFAST Act
The STEADFAST Act (HR7418) converts presidential campaign financing into state grants for election security, but remains in early legislative stages with no new funding authorized. Cybersecurity companies stand to benefit modestly if the bill becomes law, but actual market impact is limited by the conversion mechanism and uncertain passage.
Strengthening Cyber Resilience Against State-Sponsored Threats Act
S.4565 is an early-stage bill that establishes an interagency task force and requires a report on PRC state-sponsored cyber threats to US critical infrastructure. It authorizes no funding and creates no procurement mandates, so near-term market impact is minimal. The bill signals continued Congressional focus on cybersecurity, which supports long-term demand for cybersecurity and threat intelligence platforms, but no immediate revenue catalyst exists.
Accelerating Access to Critical Therapies for ALS Reauthorization Act of 2026
The Accelerating Access to Critical Therapies for ALS Reauthorization Act extends an existing grant program through FY2031 but does not increase authorized funding levels. Early-stage bill with companion House language advancing gives moderate momentum. Direct market impact is low — ALS is a narrow disease area and the authorization extension does not change funding amounts.
Stop Stealing our Chips Act
The Stop Stealing our Chips Act (S.1473) creates a whistleblower incentive program for reporting export control violations, specifically targeting diversion of advanced AI chips. The bill passed the Senate and is now held at the House desk. No direct funding is authorized—impact comes through enforcement leverage. AI chipmakers NVDA and AMD are marginal beneficiaries from reduced grey-market leakage; defense primes LMT and RTX face neutral to slightly negative compliance cost pressure.
Small Business Technological Act of 2025
H.R. 915 authorizes SBA 7(a) loans for small businesses to purchase modern business software, cloud computing, and AI tools. This is a structural demand catalyst for SaaS/cloud vendors serving the SMB market, reducing the upfront cost barrier that limits SMB software adoption. The bill passed committee 23-0 and has a companion bill in the Senate, signaling strong bipartisan momentum.
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Data sourced from the U.S. House of Representatives Office of the Clerk Financial Disclosure system. Stock prices from Financial Modeling Prep. Suspicious timing flags identify coincidences between stock trades and legislative activity and do not imply any wrongdoing or illegal activity. This is not financial advice.