Is "Founder Conviction" a metric you track for public stocks?

We talk a lot here about validating ideas and having skin in the game. I feel like the same logic applies to investing, yet most people ignore it during hype cycles.

With everyone screaming "buy the dip" on Tesla this week, I decided to check the actual cap table movements. It’s interesting that the current TSLA insider buying trend shows zero support from the leadership team.

As founders, we know that when you truly believe in the roadmap, you double down. When the C-suite is sitting on cash while retail investors provide liquidity, that feels like a massive red flag to me.

Does anyone else use insider data as a "validation signal" for their portfolio, or do you just stick to passive indexing to focus on your business?