Arista's 10-K: the AI networking thesis meets its disclosure moment
Arista's annual report lands with elevated filing-risk signals and peak event momentum, as the company's cloud networking franchise faces its clearest test of durability.
Sawse Research
Research notes across crypto equity, filings, insider activity, ETF wrappers, and market context, written from the records outward.
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AVGO's February Quarter: AI Demand Drives the Filing, VMware Integration Holds the Margin Story
Broadcom's March 2026 10-Q covers a quarter where AI networking and custom silicon are doing the heavy lifting, and the disclosure cadence reflects it.
Patten's second MSTR cluster in weeks: same director, same code, smaller window
Jarrod Patten filed another M-code Form 4 cluster at Strategy, three transactions across two days, totaling roughly $414,000.
Patten sells again at MSTR, and the pattern holds
Director Jarrod Patten's latest Form 4 cluster at Strategy runs 11 transactions and roughly $3.4 million in proceeds, fitting the same disposition cadence seen earlier this year.
HOOD's largest insider buy in recent memory just landed at $20 million
Meyer Malka's P-code purchase on May 28 is the kind of open-market insider buy that does not happen by accident.
Crypto-equity briefing: MARA leads the tape while COIN and MSTR absorb pressure
MARA's 30-day surge stands out against a fear-dominated macro backdrop, while COIN's revenue mix and MSTR's filing cadence keep their own stories moving.
Four tickers, four different research questions
MSTR, COIN, MARA, and IBIT all carry Bitcoin exposure, but the exposure works differently in each case and demands a different analytical lens.
PANW insider tape: Klarich's $16 million sale lands at a 52-week high
Lee Klarich filed 12 S-coded transactions on May 22, the same day PANW touched its highest price in a year, totaling roughly $16.27 million in proceeds.
COIN insider tape: one officer, nine S-code transactions, one day
Lawrence J. Brock filed nine open-market sale transactions on May 22, totaling roughly $1.25 million, against a stock that has lost more than 10% over the prior month.
HUT insider tape: Rickertsen's $3.66 million sale cluster lands at a 52-week high
Rick Rickertsen filed two S-code Form 4 transactions totaling roughly $3.66 million as HUT traded near its highest level in a year, a timing detail that sharpens the read on an otherwise modest cluster.
MSTR insider buys $5,400 worth of stock. The transaction code matters more than the size.
Le Phong's P-code purchase on May 22 is small in dollar terms but rare in form at Strategy, where open-market buys almost never appear on the insider tape.
Strategy held at 607,770 BTC last week. No new purchases.
The July 28 8-K confirms Strategy made zero Bitcoin acquisitions during the week of July 21 through July 27, leaving its aggregate holdings unchanged at 607,770 BTC.
MARA's June quarter filing lands with production and treasury both in focus
MARA filed its June 2025 10-Q on July 29, and the document puts miner economics and Bitcoin treasury scale under the same quarterly microscope.
MSFT's 2025 10-K: AI investment pressure meets a risk-factor rewrite
Microsoft's annual filing shows 18 risk-factor changes and a disclosure cadence that demands more than a headline skim.
HOOD's Q2 10-Q: crypto revenue sensitivity meets a sharply lower stock
Robinhood filed its June 30 quarterly report against a backdrop of a 30-day price decline that dwarfs the broader market, putting the crypto-revenue wedge squarely in focus.
Strategy launches STRC preferred dividends in a new capital structure move
Strategy's July 31 8-K discloses the first monthly cash dividend on its Variable Rate Perpetual Stretch Preferred Stock, a new layer in the company's expanding preferred equity architecture.
Palo Alto Networks agrees to acquire CyberArk in an all-stock-and-cash deal
PANW's July 30 merger agreement with CyberArk reshapes the cybersecurity platform landscape and carries a $1 billion regulatory breakup fee.
Coinbase's Q2 10-Q lands with ceiling-level filing risk and a revenue base still hostage to crypto sentiment
COIN filed its June 30 quarterly report on July 31, and the disclosure cadence alone tells you this is not a quiet quarter.
META's Q2 10-Q: AI spending dominates the disclosure, and the risk-factor rewrites say why
META's July 31 quarterly filing shows a company rewriting its risk language around AI infrastructure costs and regulatory exposure at the same moment its filing-risk signal hits an elevated reading.
Strategy bought 21,021 BTC last week using preferred stock proceeds
The August 4 8-K confirms Strategy deployed $2.46 billion from its STRC preferred offering into Bitcoin at an average of $117,256 per coin, pushing aggregate holdings to 628,791 BTC.
Galaxy Digital's Q2 10-Q: trading and treasury exposure in a fear-driven tape
GLXY filed its June 30 quarterly report on August 5, and the disclosure cadence tells a more active story than the headline filing category suggests.
Strategy's August 10-Q: the second stress test arrives in a fear market
MSTR's Q2 2025 filing lands as Bitcoin sentiment sits in fear territory and the stock trades well below its 52-week high, making the financing and BTC accumulation disclosures the only numbers that matter.
Shopify's Q2 10-Q arrives with the stock near a 52-week low
The August 6 filing covers a quarter where merchant growth, payments penetration, and platform investment are the numbers that matter most.
CleanSpark's August 10-Q lands with a fleet build in progress and a risk-factor rewrite underway
CLSK's June-quarter filing captures a miner mid-expansion, with ceiling-level filing risk and a Bitcoin treasury position that hit $813 million in fair market value by March.