Paine Schwartz Food Chain Fund V GP, Ltd., an insider at SUJA LIFE, INC. (SUJA), purchased 50,000 shares on the open market on September 8, 2026, paying $9.90 per share for a total of $495,000. The transaction was disclosed in a Form 4 filing with the SEC and represents money the fund committed on its own account, not a grant or option exercise.
Following the purchase, the fund’s indirectly held stake stands at 11,921,253 shares, a position maintained through an entity structure rather than direct individual ownership. That scale alone signals a long-running, deliberate accumulation rather than a one-off bet.
Part of a Larger Buying Pattern
The September 8 purchase is not an isolated event. It is the latest in a run of six open-market purchases by the same fund between August 31 and September 8, 2026, together totaling $8,516,250. Buying at this pace and volume over such a short window is what our site classifies as a cluster buy — a signal type that tends to draw more attention than any single filing on its own.
This is not the first time the fund’s activity at SUJA has crossed the threshold for coverage. Earlier stages of the same buying spree were detailed in our prior report, SUJA: Fund Buys $2.15M More, Spree Tops $10.9M, which tracked the campaign as it built momentum through late August. The pattern documented then has clearly continued into September, with the fund adding to its position on multiple additional dates since.
Academic research on insider trading has found that clusters of purchases by the same insider or group, concentrated in a short time frame, correlate statistically with subsequent stock outperformance more often than isolated single purchases do. That research describes a historical pattern across many companies and time periods — it is not a projection or recommendation specific to SUJA, and this filing should be read as a disclosure of activity rather than guidance to act on it.
What stands out in this case is the consistency of the buyer. The same entity has now shown up in six separate purchase transactions inside a roughly one-week span, each recorded in public SEC filings, each adding to an already substantial indirect stake. Whether this pace of buying continues, slows, or reverses will only be clear from future disclosures, which whoisbuyingnow.com will continue to track as they are filed.
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Source: original SEC Form 4 filing.