Insider Activity Signals a Mixed‑Bag of Confidence and Caution at Harley‑Davidson

The recent purchase of 1,515 shares by Chief Human Resources Officer Termaat Tori on February 5th, 2026, occurs amid a broader flurry of insider buying and selling across Harley‑Davidson’s top leadership. While Tori’s trade was executed at a price of $0.00—indicating an intra‑company transaction that does not affect the market—the fact that she added to her stake in a company whose share price has been sliding to a 52‑week low of $19.33 suggests a belief that the current valuation is undervalued. The 5‑point negative sentiment coupled with a 704 % buzz spike indicates that social‑media chatter around the company is intense but not overwhelmingly bullish, perhaps reflecting investor skepticism about the company’s turnaround trajectory.

What the Numbers Tell Investors

Tori’s post‑transaction holding of 16,594 shares places her among the top‑tier insiders who are actively managing their positions. When juxtaposed with the simultaneous buying by CFO Jonathan Root and COO Krause Paul J—each purchasing several thousand shares in the same week—there is a clear pattern of top management increasing exposure to the stock. Conversely, the frequent sales of restricted stock units (RSUs) by all insiders suggest that management is balancing liquidity needs with long‑term commitment. For a company with a market cap of $2.42 billion and a P/E of 5.04, the insider buy‑to‑sell ratio hints at optimism about future earnings, yet the recent decline in quarterly revenue and a year‑to‑date loss of 23.22 % temper that enthusiasm.

Implications for the Company’s Future

Harley‑Davidson’s product mix—heavyweight touring, custom, and performance motorcycles—faces stiff competition from electric‑vehicle players and shifting consumer preferences. The insider activity indicates that the leadership believes the current price does not reflect the upside potential of new initiatives, such as the expansion into electric motorcycles and the revitalization of its retail experience. However, the simultaneous selling of RSUs could be interpreted as a hedge against potential downside, especially as the company’s debt load remains a concern. Investors should view this duality as a signal that while management is confident, they remain cautious about the company’s ability to sustain earnings growth in a rapidly evolving market.

Bottom Line for Investors

For portfolio managers and individual investors, the insider transactions provide a nuanced signal: a willingness to invest more in a stock that has underperformed relative to the broader consumer discretionary sector, tempered by a prudent approach to liquidity through RSU sales. The high buzz level suggests that market attention will stay focused on Harley‑Davidson in the coming weeks, especially as the company rolls out its electric motorcycle strategy. Those looking to add exposure may consider a measured approach—leveraging the insider confidence while remaining alert to the company’s volatility and the broader macro‑environment affecting discretionary spending.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
N/ATermaat Tori (Chief Human Resources Officer)Holding38.34N/ACommon Stock
2026-02-05Termaat Tori (Chief Human Resources Officer)Buy1,515.00N/ACommon Stock
2026-02-05Termaat Tori (Chief Human Resources Officer)Sell793.0020.51Common Stock
2026-02-06Termaat Tori (Chief Human Resources Officer)Buy3,143.00N/ACommon Stock
2026-02-06Termaat Tori (Chief Human Resources Officer)Sell1,644.0020.01Common Stock
2026-02-09Termaat Tori (Chief Human Resources Officer)Buy1,074.00N/ACommon Stock
2026-02-09Termaat Tori (Chief Human Resources Officer)Sell562.0020.49Common Stock
2026-02-05Termaat Tori (Chief Human Resources Officer)Sell1,515.00N/ARestricted Stock Units
2026-02-06Termaat Tori (Chief Human Resources Officer)Sell3,143.00N/ARestricted Stock Units
2026-02-09Termaat Tori (Chief Human Resources Officer)Sell1,074.00N/ARestricted Stock Units
N/ARoot Jonathan R (CFO and CCO)Holding14,944.88N/ACommon Stock
2026-02-05Root Jonathan R (CFO and CCO)Buy3,168.00N/ACommon Stock
2026-02-05Root Jonathan R (CFO and CCO)Sell1,097.0020.51Common Stock
2026-02-06Root Jonathan R (CFO and CCO)Buy9,980.00N/ACommon Stock
2026-02-06Root Jonathan R (CFO and CCO)Sell3,000.0020.01Common Stock
2026-02-09Root Jonathan R (CFO and CCO)Buy1,186.00N/ACommon Stock
2026-02-09Root Jonathan R (CFO and CCO)Sell348.0020.49Common Stock
2026-02-05Root Jonathan R (CFO and CCO)Sell3,168.00N/ARestricted Stock Units
2026-02-06Root Jonathan R (CFO and CCO)Sell9,980.00N/ARestricted Stock Units
2026-02-09Root Jonathan R (CFO and CCO)Sell1,186.00N/ARestricted Stock Units
N/AKrause Paul J (Chief Legal Officer)Holding592.79N/ACommon Stock
2026-02-05Krause Paul J (Chief Legal Officer)Buy2,243.00N/ACommon Stock
2026-02-05Krause Paul J (Chief Legal Officer)Sell1,174.0020.51Common Stock
2026-02-06Krause Paul J (Chief Legal Officer)Buy4,802.00N/ACommon Stock
2026-02-06Krause Paul J (Chief Legal Officer)Sell2,435.0020.01Common Stock
2026-02-09Krause Paul J (Chief Legal Officer)Buy1,590.00N/ACommon Stock
2026-02-09Krause Paul J (Chief Legal Officer)Sell748.0020.49Common Stock
2026-02-05Krause Paul J (Chief Legal Officer)Sell2,243.00N/ARestricted Stock Units
2026-02-06Krause Paul J (Chief Legal Officer)Sell4,802.00N/ARestricted Stock Units
2026-02-09Krause Paul J (Chief Legal Officer)Sell1,590.00N/ARestricted Stock Units
N/AKoval Glen (SVP Motorcycle Development)Holding1,842.25N/ACommon Stock
2026-02-05Koval Glen (SVP Motorcycle Development)Buy1,366.00N/ACommon Stock
2026-02-05Koval Glen (SVP Motorcycle Development)Sell510.0020.51Common Stock
2026-02-06Koval Glen (SVP Motorcycle Development)Buy3,929.00N/ACommon Stock
2026-02-06Koval Glen (SVP Motorcycle Development)Sell1,466.0020.01Common Stock
2026-02-09Koval Glen (SVP Motorcycle Development)Buy968.00N/ACommon Stock
2026-02-09Koval Glen (SVP Motorcycle Development)Sell362.0020.49Common Stock
2026-02-05Koval Glen (SVP Motorcycle Development)Sell1,366.00N/ARestricted Stock Units
2026-02-06Koval Glen (SVP Motorcycle Development)Sell3,929.00N/ARestricted Stock Units
2026-02-09Koval Glen (SVP Motorcycle Development)Sell968.00N/ARestricted Stock Units
2026-02-05Do Charles (Sr. Vice President, HDFSI)Buy1,535.00N/ACommon Stock
2026-02-05Do Charles (Sr. Vice President, HDFSI)Sell571.0020.51Common Stock
2026-02-06Do Charles (Sr. Vice President, HDFSI)Buy5,214.00N/ACommon Stock
2026-02-06Do Charles (Sr. Vice President, HDFSI)Sell1,937.0020.01Common Stock
2026-02-05Do Charles (Sr. Vice President, HDFSI)Sell1,535.00N/ARestricted Stock Units
2026-02-06Do Charles (Sr. Vice President, HDFSI)Sell5,214.00N/ARestricted Stock Units
2026-02-05Beck Bryan Andrew ()Buy590.00N/ACommon Stock
2026-02-05Beck Bryan Andrew ()Sell201.0020.51Common Stock
2026-02-06Beck Bryan Andrew ()Buy1,097.00N/ACommon Stock
2026-02-06Beck Bryan Andrew ()Sell372.0020.01Common Stock
2026-02-09Beck Bryan Andrew ()Buy398.00N/ACommon Stock
2026-02-09Beck Bryan Andrew ()Sell135.0020.49Common Stock
2026-02-05Beck Bryan Andrew ()Sell590.00N/ARestricted Stock Units
2026-02-06Beck Bryan Andrew ()Sell1,097.00N/ARestricted Stock Units
2026-02-09Beck Bryan Andrew ()Sell398.00N/ARestricted Stock Units