The Bear Cave #309

New Activist Reports, Recent Resignations, and Tweets of the Week

Jan 18, 2026

Welcome to The Bear Cave! Our last premium articles were “The Best Stock Research Tools for 2026” and “Problems at Aduro Clean Technologies (ADUR)” and our next special investigation for paid readers comes out Thursday, February 5.

New Activist Reports

There were no new activist short reports this week.

Recent Resignations

Notable executive departures disclosed in the past week include:

CFO of Zymeworks (NASDAQ: ZYME — $1.76 billion) was “terminated without cause” after one and a half years. The company’s Chief Medical Officer also retired after two years. Last year, five board members also stepped down.
CFO of Duolingo (NASDAQ: DUOL — $6.94) “entered into a Transition and Separation Agreement” after six years.
Ms. Kimberly Reed, board member of Primo Brands (NYSE: PRMB — $6.97 billion), resigned after a little over one year.
Ms. Annette Clayton, board member of Nordson (NASDAQ: NDSN — $15.2 billion), was not nominated for re-election after two years on the board. Last year, the company’s Chief Accounting Officer “separated” after just over one year.

Data for this section is provided by VerityData from VerityPlatform.com

News of the Week

“I’m Being Prosecuted for the Opposite of Insider Trading” (Andrew Left WSJ op-ed)

“The crime of insider trading consists in taking advantage of other investors by buying or selling stock based on material, nonpublic information that could affect its value. I’m being prosecuted for doing the opposite of that. I publicly expressed a sincerely held opinion and later traded on it. Under the Justice Department’s theory, that’s a crime because I made so many people aware of my opinion.
Call it the influencer penalty. Prosecutors are advancing a legal theory that creates two classes of Americans: those who can speak freely and trade freely, and those who have built an audience and therefore can’t.”

“David Webb, Investor Who Took On Hong Kong Tycoons, Dies at 60” (NYT)

“From his internet platform, he became a tenacious watchdog fighting financial regulators for minority shareholders and exposing shady business dealings.”