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.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| N/A | Termaat Tori (Chief Human Resources Officer) | Holding | 38.34 | N/A | Common Stock |
| 2026-02-05 | Termaat Tori (Chief Human Resources Officer) | Buy | 1,515.00 | N/A | Common Stock |
| 2026-02-05 | Termaat Tori (Chief Human Resources Officer) | Sell | 793.00 | 20.51 | Common Stock |
| 2026-02-06 | Termaat Tori (Chief Human Resources Officer) | Buy | 3,143.00 | N/A | Common Stock |
| 2026-02-06 | Termaat Tori (Chief Human Resources Officer) | Sell | 1,644.00 | 20.01 | Common Stock |
| 2026-02-09 | Termaat Tori (Chief Human Resources Officer) | Buy | 1,074.00 | N/A | Common Stock |
| 2026-02-09 | Termaat Tori (Chief Human Resources Officer) | Sell | 562.00 | 20.49 | Common Stock |
| 2026-02-05 | Termaat Tori (Chief Human Resources Officer) | Sell | 1,515.00 | N/A | Restricted Stock Units |
| 2026-02-06 | Termaat Tori (Chief Human Resources Officer) | Sell | 3,143.00 | N/A | Restricted Stock Units |
| 2026-02-09 | Termaat Tori (Chief Human Resources Officer) | Sell | 1,074.00 | N/A | Restricted Stock Units |
| N/A | Root Jonathan R (CFO and CCO) | Holding | 14,944.88 | N/A | Common Stock |
| 2026-02-05 | Root Jonathan R (CFO and CCO) | Buy | 3,168.00 | N/A | Common Stock |
| 2026-02-05 | Root Jonathan R (CFO and CCO) | Sell | 1,097.00 | 20.51 | Common Stock |
| 2026-02-06 | Root Jonathan R (CFO and CCO) | Buy | 9,980.00 | N/A | Common Stock |
| 2026-02-06 | Root Jonathan R (CFO and CCO) | Sell | 3,000.00 | 20.01 | Common Stock |
| 2026-02-09 | Root Jonathan R (CFO and CCO) | Buy | 1,186.00 | N/A | Common Stock |
| 2026-02-09 | Root Jonathan R (CFO and CCO) | Sell | 348.00 | 20.49 | Common Stock |
| 2026-02-05 | Root Jonathan R (CFO and CCO) | Sell | 3,168.00 | N/A | Restricted Stock Units |
| 2026-02-06 | Root Jonathan R (CFO and CCO) | Sell | 9,980.00 | N/A | Restricted Stock Units |
| 2026-02-09 | Root Jonathan R (CFO and CCO) | Sell | 1,186.00 | N/A | Restricted Stock Units |
| N/A | Krause Paul J (Chief Legal Officer) | Holding | 592.79 | N/A | Common Stock |
| 2026-02-05 | Krause Paul J (Chief Legal Officer) | Buy | 2,243.00 | N/A | Common Stock |
| 2026-02-05 | Krause Paul J (Chief Legal Officer) | Sell | 1,174.00 | 20.51 | Common Stock |
| 2026-02-06 | Krause Paul J (Chief Legal Officer) | Buy | 4,802.00 | N/A | Common Stock |
| 2026-02-06 | Krause Paul J (Chief Legal Officer) | Sell | 2,435.00 | 20.01 | Common Stock |
| 2026-02-09 | Krause Paul J (Chief Legal Officer) | Buy | 1,590.00 | N/A | Common Stock |
| 2026-02-09 | Krause Paul J (Chief Legal Officer) | Sell | 748.00 | 20.49 | Common Stock |
| 2026-02-05 | Krause Paul J (Chief Legal Officer) | Sell | 2,243.00 | N/A | Restricted Stock Units |
| 2026-02-06 | Krause Paul J (Chief Legal Officer) | Sell | 4,802.00 | N/A | Restricted Stock Units |
| 2026-02-09 | Krause Paul J (Chief Legal Officer) | Sell | 1,590.00 | N/A | Restricted Stock Units |
| N/A | Koval Glen (SVP Motorcycle Development) | Holding | 1,842.25 | N/A | Common Stock |
| 2026-02-05 | Koval Glen (SVP Motorcycle Development) | Buy | 1,366.00 | N/A | Common Stock |
| 2026-02-05 | Koval Glen (SVP Motorcycle Development) | Sell | 510.00 | 20.51 | Common Stock |
| 2026-02-06 | Koval Glen (SVP Motorcycle Development) | Buy | 3,929.00 | N/A | Common Stock |
| 2026-02-06 | Koval Glen (SVP Motorcycle Development) | Sell | 1,466.00 | 20.01 | Common Stock |
| 2026-02-09 | Koval Glen (SVP Motorcycle Development) | Buy | 968.00 | N/A | Common Stock |
| 2026-02-09 | Koval Glen (SVP Motorcycle Development) | Sell | 362.00 | 20.49 | Common Stock |
| 2026-02-05 | Koval Glen (SVP Motorcycle Development) | Sell | 1,366.00 | N/A | Restricted Stock Units |
| 2026-02-06 | Koval Glen (SVP Motorcycle Development) | Sell | 3,929.00 | N/A | Restricted Stock Units |
| 2026-02-09 | Koval Glen (SVP Motorcycle Development) | Sell | 968.00 | N/A | Restricted Stock Units |
| 2026-02-05 | Do Charles (Sr. Vice President, HDFSI) | Buy | 1,535.00 | N/A | Common Stock |
| 2026-02-05 | Do Charles (Sr. Vice President, HDFSI) | Sell | 571.00 | 20.51 | Common Stock |
| 2026-02-06 | Do Charles (Sr. Vice President, HDFSI) | Buy | 5,214.00 | N/A | Common Stock |
| 2026-02-06 | Do Charles (Sr. Vice President, HDFSI) | Sell | 1,937.00 | 20.01 | Common Stock |
| 2026-02-05 | Do Charles (Sr. Vice President, HDFSI) | Sell | 1,535.00 | N/A | Restricted Stock Units |
| 2026-02-06 | Do Charles (Sr. Vice President, HDFSI) | Sell | 5,214.00 | N/A | Restricted Stock Units |
| 2026-02-05 | Beck Bryan Andrew () | Buy | 590.00 | N/A | Common Stock |
| 2026-02-05 | Beck Bryan Andrew () | Sell | 201.00 | 20.51 | Common Stock |
| 2026-02-06 | Beck Bryan Andrew () | Buy | 1,097.00 | N/A | Common Stock |
| 2026-02-06 | Beck Bryan Andrew () | Sell | 372.00 | 20.01 | Common Stock |
| 2026-02-09 | Beck Bryan Andrew () | Buy | 398.00 | N/A | Common Stock |
| 2026-02-09 | Beck Bryan Andrew () | Sell | 135.00 | 20.49 | Common Stock |
| 2026-02-05 | Beck Bryan Andrew () | Sell | 590.00 | N/A | Restricted Stock Units |
| 2026-02-06 | Beck Bryan Andrew () | Sell | 1,097.00 | N/A | Restricted Stock Units |
| 2026-02-09 | Beck Bryan Andrew () | Sell | 398.00 | N/A | Restricted Stock Units |




