Insider Buying Continues Amid Volatile Volumes LeMaitre Vascular Inc. (LMI) saw a surge of derivative purchases on March 26, 2026, as SHADAN MARTHA acquired a total of 5 Dividend Equivalent Rights (DERs) across five separate transactions. Each purchase was executed at zero cost—consistent with the company’s typical grant structure—yet the cumulative acquisition raised her post‑transaction stake to 4.60 DERs, a modest yet noteworthy increase in her overall holdings.
What the Buy‑Side Activity Signals for Investors While the dollar value of these DERs is negligible, the pattern of buying by an unnamed insider indicates confidence in the company’s long‑term performance. LMI’s share price, hovering near its 52‑week high of $115.33, has been on a steady downtrend for the month but remains buoyed by a 25.47 % year‑to‑date gain. The insider activity is likely to reassure market participants that senior leadership and board members still see upside potential, especially as the firm continues to expand its peripheral vascular device portfolio and leverages new reimbursement pathways.
SHADAN MARTHA: A Consistent Long‑Term Investor SHADAN MARTHA’s trading record reflects a disciplined, long‑term approach. Since late 2025, she has repeatedly purchased common stock and DERs in small, regular increments—most notably a 476‑share block in February and a 5‑share common‑stock purchase in December. Her activity is almost entirely buy‑side, with only occasional short sales of DERs that likely serve to rebalance her exposure rather than signal a bearish outlook. This pattern is typical of an insider who prefers to build a stable position rather than speculate on short‑term price swings.
Competitive Landscape and Future Outlook LMI operates in a crowded medical‑device sector, competing with larger players such as Medtronic and smaller innovators like Vascular Dynamics. The firm’s focus on high‑margin, single‑use devices provides a defensive edge, while recent FDA approvals for new stent graft lines suggest potential revenue growth. Insider confidence, as reflected in SHADAN MARTHA’s purchases, aligns with analysts’ consensus that LMI can sustain its 44.62 price‑earnings ratio and continue to capture market share amid increasing demand for minimally invasive vascular solutions.
Investor Takeaway For investors eyeing the healthcare equipment space, the latest insider activity is a positive signal of management confidence. Coupled with LMI’s solid market position and steady revenue growth, the current derivative purchases reinforce the narrative that the company is poised for incremental expansion. While the immediate impact on the share price may be muted, such insider buying trends often precede a period of price appreciation as other market participants weigh the implications for LMI’s long‑term strategic trajectory.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-03-26 | SHADAN MARTHA () | Buy | 0.39 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | SHADAN MARTHA () | Buy | 0.47 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | SHADAN MARTHA () | Buy | 0.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | SHADAN MARTHA () | Buy | 0.73 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | SHADAN MARTHA () | Buy | 1.21 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Jasinski Lawrence J () | Buy | 0.39 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Jasinski Lawrence J () | Buy | 0.47 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Jasinski Lawrence J () | Buy | 0.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Jasinski Lawrence J () | Buy | 0.73 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Jasinski Lawrence J () | Buy | 1.21 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roush John A () | Buy | 0.39 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roush John A () | Buy | 0.47 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roush John A () | Buy | 0.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roush John A () | Buy | 0.73 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roush John A () | Buy | 1.21 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | O’Connor John James () | Buy | 0.39 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | O’Connor John James () | Buy | 0.47 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | O’Connor John James () | Buy | 0.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | O’Connor John James () | Buy | 0.73 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | O’Connor John James () | Buy | 1.21 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Ross Bridget A () | Buy | 0.39 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Ross Bridget A () | Buy | 0.47 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Ross Bridget A () | Buy | 0.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Ross Bridget A () | Buy | 0.73 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Ross Bridget A () | Buy | 1.21 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 1.54 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 1.54 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 2.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 3.16 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 2.86 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 3.24 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Pellegrino Joseph P JR () | Buy | 1.21 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 1.54 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 1.54 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 2.64 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 3.16 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 2.29 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 2.60 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 0.22 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 0.25 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Roberts David B (President and Director) | Buy | 3.84 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 0.69 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 0.69 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 1.19 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 1.42 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 1.59 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 1.80 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | Kamke Trent G (Senior V. P., Operations) | Buy | 2.67 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | LeBlanc Dorian Paul (Chief Financial Officer) | Buy | 2.09 | N/A | Dividend Equivalent Rights |
| 2026-03-26 | LeBlanc Dorian Paul (Chief Financial Officer) | Buy | 2.67 | N/A | Dividend Equivalent Rights |




