A $2.1 billion SKYD purchase, disclosed two days later

October 12, 2026 · Radar Report

Gerald J. Cardinale disclosed a SKYD purchase worth about $2.1 billion.

Cardinale, identified as a director, reported buying 175,000,000 shares at $12.00 each. The trade date was October 6, 2026.

The disclosure arrived on October 8, two days later. The STOCK Act allows members of Congress up to 45 days to disclose trades, so this one did not linger on the paperwork pile.

The standard penalty for a late filing is $200. Against a disclosed purchase of roughly $2.1 billion, that figure would have required a microscope. It was not relevant here because the disclosure was filed within the required window.

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Source: official House/Senate financial disclosure filings

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All facts from official disclosure filings; disclosures can lag the trade by weeks. Not investment advice — decide for yourself.