Michael T. McCaul × WFC

This November 6, 2024 sell of approximately $15,001 in Wells Fargo was filed on December 16, 2024, a 40-day lag that crosses Kapitol.ai's 30-day internal flag threshold. The delay falls within the STOCK Act's 45-day statutory window and does not constitute a legal violation. The trade size is unremarkable, sitting precisely at the median for this politician-ticker pair. No member cluster was detected, as only two members reported Wells Fargo activity in the surrounding 14-day window. Viewed in isolation, this trade presents one moderate signal. Placed in the broader context of 88 total disclosed trades in Wells Fargo, the recurring pattern of sell-side activity and periodic late filings adds structural interest. The November timing coincides with post-election market movement in financial stocks, though no specific legislative trigger can be established from the available data.

This November 19, 2024 sell of approximately $15,001 in Wells Fargo was filed on December 16, 2024, a 27-day lag that stays within the 30-day internal flag threshold, generating no late-disclosure signal. The trade size is at the median for this pairing, and the member-cluster count of two does not reach the threshold of three. No signals fired for this trade individually. Notably, it was executed on the same date as Trade #11801 (a smaller $1,001 sell), suggesting McCaul executed multiple Wells Fargo transactions on the same day and batched them into a single December filing. This batching behaviour, while not individually flagged, is worth noting as part of the broader 88-trade picture. The timing, approximately two weeks after the November election, falls in a period of elevated financial sector activity, though no specific legislative catalyst can be identified from available data.

This November 19, 2024 sell of approximately $1,001 in Wells Fargo was disclosed in the same December 16, 2024 filing as Trade #11806, a same-day sell at the median size. The $1,001 transaction is at the minimum reportable threshold under the STOCK Act and falls far below the $15,001 median for this politician-ticker pairing. No signals fired for this trade: the disclosure delay is 27 days, within the flag threshold; the size is minimal; and the member-cluster count does not reach three. The more analytically relevant observation is that McCaul routinely executes multiple Wells Fargo transactions on a single day, filing them together weeks later. Across 88 total disclosed trades, this kind of batched, minimum-threshold activity may reflect a managed liquidation strategy, though that conclusion is speculative without additional portfolio context.

This January 9, 2025 sell of approximately $15,001 in Wells Fargo was filed on February 11, 2025, a 33-day lag that crosses the 30-day internal flag threshold. The delay remains within the STOCK Act's 45-day statutory window and does not constitute a legal violation. Two signals fired simultaneously: the late-disclosure flag and a member-cluster flag, with exactly three members trading Wells Fargo in the surrounding 14-day window. The convergence of a flagged filing delay with a cluster of member activity is the most structurally notable feature of this trade among the ten reviewed here. The trade size is at the median. This is one of several trades in the dataset where McCaul's filing crosses the internal threshold, and the member-cluster signal adds a dimension that a single-trade review would not capture. The early January 2025 timing coincides with the Congressional transition period, though no specific legislative trigger can be confirmed.

This May 21, 2025 sell of approximately $1,001 in Wells Fargo was filed on June 9, 2025, a 19-day lag that generates no flag under either the internal threshold or the STOCK Act statutory deadline. The trade size is minimal, at $1,001, well below the $15,001 median for this politician-ticker pairing. No signals fired for this trade: disclosure was timely, the size is at the minimum reportable floor, and no member cluster was detected. As a standalone trade, this is low-signal. In the context of 88 total disclosed trades, however, it represents one installment in a persistent and recurring pattern of Wells Fargo sell activity. The May 2025 timing places it in a period of active Congressional debate over banking regulation and Federal Reserve policy, though no specific vote or legislative trigger can be linked to this trade from available data.

This June 16, 2025 sell of approximately $1,001 in Wells Fargo was filed on July 7, 2025, a 21-day lag that generates no late-disclosure flag. The trade size is minimal. However, a member-cluster signal fired: three members in total disclosed Wells Fargo trades within a 14-day window surrounding this trade. While the cluster threshold is met at the minimum count of three, the signal is worth noting because it occurs in close temporal proximity to Trade #4887 on June 30, 2025, which also carries a member-cluster flag. The back-to-back clustering of Wells Fargo sells among multiple members across a two-week span in late June 2025 adds a layer of interest beyond any single trade. No legislative trigger can be identified from available data, but the pattern is consistent with what one would expect if sector-level information or sentiment were circulating among members simultaneously.

This June 30, 2025 sell of approximately $1,001 in Wells Fargo was filed on July 7, 2025, just 7 days after the trade date. That is notably the fastest disclosure in the set of ten trades reviewed here, well inside any applicable threshold. The trade size is minimal. A member-cluster signal fired, as three members disclosed Wells Fargo trades in the surrounding 14-day window. This is the second consecutive trade in the reviewed set to carry a member-cluster flag, with Trade #5564 on June 16 also showing the same three-member threshold. The rapid filing here contrasts with the 40-day and 42-day delays seen in other trades in this dataset, suggesting disclosure timing varies considerably across McCaul's Wells Fargo history. No unusually large size or legislative timing signal was detected for this trade specifically.

This July 2, 2025 sell of approximately $1,001 in Wells Fargo was not filed until August 13, 2025, a 42-day lag. This is the longest disclosure delay in the ten-trade set reviewed and is the closest to the STOCK Act's 45-day statutory deadline of any trade in this window, though it does not cross that line. Two signals fired: the late-disclosure flag and the member-cluster flag, with three members trading Wells Fargo in the surrounding 14-day window. The combination of a near-deadline filing with a cluster signal on a minimum-size trade is structurally notable. The trade itself is economically small, but the disclosure behaviour draws attention. This trade occurs one day after Trade #4887, which was filed in 7 days with the same cluster signal, making the 42-day lag on this trade a striking contrast within the same two-day trading window.

This July 7, 2025 sell of approximately $1,001 in Wells Fargo was filed on August 12, 2025, a 36-day lag that crosses the 30-day internal flag threshold. The delay remains within the STOCK Act's 45-day statutory window. The trade size is minimal, and no member-cluster signal fired for this particular date. This is the fourth late-disclosure flag across the ten trades reviewed and the third in a compressed period spanning July 2 through July 7, 2025. Three trades executed within five days, two of which carry late-disclosure flags, were filed over a month after execution. The clustering of delayed disclosures in early July 2025 stands out even when individual trade sizes are small. Across the broader record of 88 total disclosed trades, recurring disclosure delays of this kind represent a consistent pattern rather than isolated incidents, regardless of the specific dollar amounts involved.

This August 19, 2025 sell of approximately $1,001 in Wells Fargo was filed on September 11, 2025, a 23-day lag that generates no flag under either the internal threshold or the STOCK Act statutory deadline. The trade size is minimal, and no cluster signal or size signal fired. As a standalone entry, this trade carries no individually notable signals. It is, however, the most recent trade in the ten reviewed and continues the persistent pattern of minimum-threshold sell activity in Wells Fargo that runs through McCaul's disclosed record. Across 88 total disclosed trades in this single ticker, the cumulative picture is one of a long-running, recurring position being wound down in small increments over an extended period. The absence of signals on this particular trade does not diminish the structural interest of the overall pattern, which includes four late-disclosure flags and multiple member-cluster events across the ten most recent entries alone.