Michael T. McCaul × RGS

This September 20, 2018 sell of $1,001 in Regis Corporation is a small, incremental transaction consistent with the broader pattern of 108 disclosed trades in this stock. The trade was filed on October 30, 2018, representing a 40-day delay that clears Kapitol.ai's 30-day internal flag threshold. It does not breach the STOCK Act's 45-day statutory deadline. At $1,001, the trade is well below the median size for Rep. McCaul's Regis activity. No other members disclosed comparable activity in the same 14-day window. While neither the size nor the clustering signals are notable here, the disclosure timing reflects a recurring pattern across this politician's Regis trades: filings that consistently arrive in the 30-to-49-day range rather than promptly. Viewed in isolation, this is a minor transaction; viewed as part of 108 total disclosures, it contributes to a pattern of delayed but ultimately filed reporting.

Executed just one day after Trade #64778 on September 21, 2018, this $1,001 sell in Regis Corporation was filed on the same date, October 30, 2018, producing a 39-day delay. The back-to-back timing of these two trades, filed together under a single disclosure submission, is consistent with a pattern of batched reporting rather than prompt per-trade filing. Both trades sit in the flagged-but-not-statutory-violation range. The trade size is minimal, representing roughly 7% of the median transaction size for Rep. McCaul's Regis activity. No member cluster was detected around this date. The analytical interest lies in the batching behaviour: multiple small sells executed on consecutive days, disclosed together weeks later. Across 108 total disclosed trades in this stock, this batching pattern appears to repeat, making the disclosure rhythm a more structurally interesting question than any individual transaction's size or timing.

This May 23, 2019 sell of $1,001 in Regis Corporation was filed on June 27, 2019, a 35-day delay that triggers Kapitol.ai's internal flag. It falls comfortably within the STOCK Act's 45-day statutory deadline and does not constitute a legal violation. The trade is part of a cluster of three Regis sells executed across May 23, 24, and 28, all disclosed on the same June 27 filing, again suggesting batched reporting. Each transaction is small at $1,001, and no broader member activity in this ticker was detected nearby. The pattern across this five-day window mirrors the September 2018 behaviour: incremental sells batched into a single delayed disclosure. Taken individually, the signal density is low. Within the context of 108 total Regis disclosures by Rep. McCaul, this trade is one data point in a consistent disclosure practice that regularly runs past the 30-day internal flag threshold.

Executed on May 24, 2019, one day after Trade #56834, this $1,001 sell of Regis Corporation shares was filed alongside the prior day's trade on June 27, 2019, reflecting a 34-day delay. Like Trade #56834, this transaction is small and unremarkable in isolation but gains context as part of a three-trade batch executed across a five-day span in late May 2019, all filed simultaneously. The consistent batching of small sells and their collective disclosure weeks after execution is the defining feature of Rep. McCaul's Regis trading profile. Each individual trade clears the STOCK Act's 45-day statutory threshold, but the cumulative pattern of disclosures consistently arriving in the 30-to-49-day range across multiple years is notable. Across 108 total disclosed trades in this stock, this trade adds to the evidence of a systematic, if legal, approach to delayed batch disclosure in a single consumer services company.

This May 28, 2019 sell of $1,001 in Regis Corporation is the third in a series of small sells batched across five trading days. Notably, it is the one trade in this sample set where the late_disclosure signal does not fire: it was filed on June 27, 2019, exactly 30 days after execution, landing precisely at Kapitol.ai's internal flag boundary rather than past it. The trade is minimal in size, with no clustering or committee-based signals present. What is analytically interesting here is the contrast with the surrounding trades in the same batch: two trades filed just days earlier carry 34- and 35-day delays, while this one sits at exactly 30 days. The overall batch was filed together, so the slight variation reflects only calendar arithmetic. Across 108 total Regis disclosures, this trade represents the cleaner end of Rep. McCaul's disclosure timing, though the broader pattern remains consistent with regular near-threshold filings.

This June 5, 2019 sell of $1,001 in Regis Corporation was not disclosed until July 24, 2019, a 49-day delay. At 49 days, this filing exceeds the STOCK Act's 45-day statutory deadline by four days, making it the most significant disclosure event in this sample set. It was filed alongside Trades #56004 and #55986, executed on June 10 and June 11, in a second batch of three June 2019 sells all disclosed together. The statutory overage is modest but real. The trade size is small at $1,001, and no member clustering was detected. The disclosure pattern across June 2019 repeats the batching behaviour seen in May 2019: three closely-spaced small sells filed together well after the fact. Across 108 total Regis disclosures by Rep. McCaul, this represents one of the instances where the delay exceeded the statutory window, a detail that stands out even within an otherwise consistent pattern of near-threshold late filings.

Executed on June 10, 2019, this $1,001 sell in Regis Corporation was filed on July 24, 2019, alongside the June 5 and June 11 trades in the same batch. The 44-day delay keeps this trade within the STOCK Act's 45-day statutory window, distinguishing it from Trade #56059 in the same batch, which exceeded that threshold by four days. The proximity of the 44-day delay to the statutory boundary is notable: this filing arrived just one day before the legal limit would have been breached. The trade itself is unremarkable in size and shows no clustering or committee-based signals. Within the context of Rep. McCaul's 108 disclosed Regis trades, this trade illustrates how the batching practice can produce variable delay lengths within a single filing, with some trades in the same batch clearing statutory thresholds and others falling just outside them.

This June 11, 2019 sell of $1,001 in Regis Corporation is the third trade in the June 2019 batch, filed on July 24, 2019 alongside the June 5 and June 10 transactions. The 43-day delay clears Kapitol.ai's 30-day internal threshold but remains within the STOCK Act's 45-day statutory window. As the final trade in the three-transaction June batch, this entry reinforces the pattern of simultaneous, delayed disclosure for closely-grouped sells. The trade has minimal individual signal density: no size anomaly, no member clustering, no committee overlap identified. Its significance is primarily contextual. Together with Trade #56059 and Trade #56004, it forms a disclosure cluster in which one of the three trades breached the statutory deadline and two approached it. Across 108 total Regis disclosures by Rep. McCaul, the June 2019 batch stands as one of the higher-risk disclosure episodes in this dataset sample.

This December 12, 2019 sell of $1,001 in Regis Corporation was not disclosed until January 29, 2020, a 48-day delay. Like Trade #56059, this filing exceeds the STOCK Act's 45-day statutory deadline, in this case by three days. This is the second instance in this sample set where a statutory overage is recorded. The trade is small and shows no clustering or committee-based signals, but the disclosure timing is the notable element. The late filing arrives roughly six months after the prior statutory overage in June 2019, suggesting a recurring rather than one-time compliance gap. Across 108 total Regis disclosures by Rep. McCaul, the two statutory deadline overages in this ten-trade sample, representing 20% of the reviewed trades, indicate that the near-threshold disclosure pattern occasionally tips past the legal window. The December 2019 trade adds to that record.

This March 31, 2020 sell of $15,001 in Regis Corporation is the largest trade in the ten-trade sample and was executed at the height of early-pandemic market volatility. Unlike the preceding trades in this review, the $15,001 size matches the median for Rep. McCaul's full Regis trading history, making it representative of the larger transactions in his 108-trade record. The disclosure, filed May 6, 2020, came 36 days after execution, past Kapitol.ai's 30-day internal threshold but within the STOCK Act's 45-day statutory window. No member clustering was detected. The March 2020 timing coincides with a period of broad equity selling across many members' portfolios during the pandemic market dislocation, which provides market context for the size and direction of this trade. No committee-based signal is asserted. The trade is notable primarily as the largest individual sell in this sample and as a data point confirming that even larger Regis transactions follow the same disclosure timing pattern.