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EdgarHawk

GANGWAL RAKESH

Director

Director
7 filings analyzed · 1 company · Latest 2024-10-02

Companies

Company Buys Sells Direction
SOUTHWEST AIRLINES CO LUV 193 0 Net buying

Activity

October 2024
high
Buy
1,184,898 shares
$34,919,943
Significance 8/10

Director Rakesh Gangwal bought 1,184,898 shares for $34,919,943.21 in 30 trades on 2024-09-30 at blended average $29.47

Director Gangwal executed 30 separate purchases totaling 1,184,898 shares (1.18M shares) for $34,919,943.21 ($34.9M) on 2024-09-30, resulting in a post-transaction holding of 1,191,209 shares—an 18775.1% increase versus his pre-transaction position of 6,311 shares. The blended average transaction price was $29.47, whereas the current price stands at $29.57 (30-day change: +2.2%, 90-day change: +3.5%), positioning the stock -15.1% from its 52-week high of $34.83. This substantial accumulation—the largest transaction by share volume in his cross-ticker track record of 20 prior buys—occurs at a valuation multiple (P/E: 227.46) that reflects low recent profitability relative to market cap of $17.7B. The multi-tranche execution pattern and timing of these trades relative to broader market moves warrants attention given the material position stake being established.

high
Buy
705,904 shares
$20,928,724
Significance 7/10

Director Rakesh Gangwal purchases 705,904 shares across 30 transactions for $20,928,724.03, increasing holdings by 59.3%

Rakesh Gangwal, a Southwest Airlines director, executed 30 separate purchases totaling 705,904 shares for $20,928,724.03 on a single day (2024-09-30) at prices clustering tightly between $29.55 and $29.74, with a blended average of $29.65. This represents a substantial increase in his stake, with post-transaction holdings of 1,897,113 shares compared to pre-transaction holdings of 1,191,209 shares—a 59.3% increase in his position. The stock is currently trading at $29.57, essentially at the transaction price level, and remains -15.1% below its 52-week high of $34.83. The high volume and fragmented structure of the purchases (30 separate trades) across a narrow price band warrants examination to determine whether this reflects a pre-planned acquisition or discretionary accumulation in response to current market conditions. Investors should monitor whether Gangwal continues to accumulate shares and track any filings or public statements that might clarify the rationale for this material increase in insider ownership.

high
Buy
241,744 shares
$7,105,877
Significance 7/10

Director Rakesh Gangwal acquired 241,744 shares (241.7K shares) for $7,105,877.20 across 30 transactions at LUV, raising holdings to 2,138,857 shares (+12.7%).

Rakesh Gangwal, a Director at Southwest Airlines, executed 30 separate purchases totaling 241,744 shares for $7,105,877.20 between September 30 and October 1, 2024, at prices ranging from $29.74 to $29.05 with a blended average of $29.39. This aggressive multi-day accumulation increased his shareholding from 1,897,113 to 2,138,857 shares, a net increase of 12.7%, and represents substantial capital deployment by a board member. The current stock price of $29.57 sits 15.1% below the 52-week high of $34.83, positioning this purchase in a period of relative weakness for the airline. The fragmented transaction structure across two trading days suggests either execution of a pre-planned acquisition strategy or opportunistic accumulation during a dip in an otherwise modestly positive 90-day trend (+3.5%), warranting investor attention to both the director's conviction on his holdings and any concurrent corporate developments.

high
Buy
165,553 shares
$4,826,003
Significance 7/10

Director Rakesh Gangwal purchases 165,553 shares at average $29.15 in 30 separate trades on 2024-10-01 for $4.8M total, expanding holdings to 2,304,410 shares (+7.7%)

Director Rakesh Gangwal executed 30 separate purchases totaling 165,553 shares for $4,826,003.13 on a single trading day, with transaction prices ranging from $29.12 to $29.18 and a blended average of $29.15. The filing structure—multiple small tranches rather than a single block—combined with the tight price clustering across transactions suggests algorithmic or systematic execution. His post-transaction holding of 2,304,410 shares represents a 7.7% increase over pre-transaction levels, indicating material accumulation by a director. At current price of $29.57, the stock trades 15.1% below its 52-week high but has gained 2.2% over 30 days and 3.5% over 90 days. The P/E of 227.46 and modest net income of $367,000,000 relative to $7.4B revenue warrant scrutiny of the company's profitability profile. His prior open-market track record shows 20 previous buys across tickers, though outcomes at this specific ticker are not yet measurable.

high
Buy
127,195 shares
$3,750,908
Significance 7/10

Director Rakesh Gangwal buys 127,195 shares at blended avg $29.49 in 30 separate transactions totaling $3.8M

Director Rakesh Gangwal executed 30 separate purchases of Southwest Airlines stock on 2024-10-01, acquiring 127,195 shares (127.2K shares) for $3,750,908.47 ($3.8M) at a blended average price of $29.49, increasing his post-transaction holdings to 2,431,605 shares (2.43M shares), a +5.5% increase from pre-transaction holdings of 2,304,410 shares (2.30M shares). The current stock price of $29.57 is near the transaction execution range and sits 15.1% below the 52-week high of $34.83, with the stock having risen 3.5% over the past 90 days. The fragmented execution pattern across 30 separate transactions at varying prices between $29.18 and $29.80 is notable for a director-level purchase, and his current holdings of 2.43M shares represent substantial personal capital deployment in the company. This is Gangwal's fifth open-market purchase at LUV according to same-ticker history, and he has accumulated 20 prior open-market buys across his full cross-ticker track record.

high
Buy
530,918 shares
$15,866,908
Significance 8/10

Director Rakesh Gangwal purchases 530,918 shares ($15.9M) in 30 separate transactions at Southwest Airlines, raising stake to 2,962,523 shares (+21.8%)

Rakesh Gangwal, a Director at Southwest Airlines, executed 30 separate purchases totaling 530,918 shares for $15,866,907.67 on October 1, 2024, at prices ranging from $29.80 to $29.94 (blended average $29.89). This brought his total holdings to 2,962,523 shares, a 21.8% increase from his pre-transaction position of 2,431,605 shares. The fragmented transaction structure—30 buys on the same day across a narrow price range ($29.80–$29.94)—suggests algorithmic execution rather than discre­tionary market conviction. The current stock price of $29.57 is -15.1% from the 52-week high of $34.83, placing the purchase in a period of relative weakness. This magnitude of accumulation by a director warrants attention as a signal of insider conviction, though the mechanical execution pattern and the stock's current valuation context (P/E of 227.46) should be considered alongside the filing.

high
Buy
643,788 shares
$19,300,400
Significance 8/10

Director Rakesh Gangwal purchases 643,788 shares for $19,300,400.45 on 2024-10-01 at avg $29.98

Director Rakesh Gangwal executed 13 separate purchases totaling 643,788 shares for $19,300,400.45 on 2024-10-01, increasing his holdings from 2,962,523 shares to 3,606,311 shares (+21.7% net change). The purchases were concentrated on a single day at prices ranging from $29.94 to $30.00, with a blended average of $29.98. The current stock price of $29.57 is -15.1% from the 52-week high of $34.83, yet the purchase occurred at a modest 0.14% discount to current price. This substantial capital commitment ($19.3M) by a director during a period when the stock trades well below its year-to-date peak, combined with the significant increase in his ownership stake, represents material accumulation activity.

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