Nongaap Investing
@nongaap.skystack.xyz
An ex-activist investor who writes about corporate governance, the power & friction of incentives, strategy, interpersonal board dynamics, act...
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This is an automated Substack Account of https://nongaap.substack.com
Discover more/Create at: @skystack.xyz
[P] GTM: Zoom or Bust? • Exploring insider transactions at Zoominfo
[P] GTM: Zoom or Bust?
Exploring insider transactions at Zoominfo
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] GTM: Zoom or Bust? • Exploring insider transactions at Zoominfo
[PQ] GRND: Margin Calls & Acquisitions • Grindr receives a non-binding offer of $18 per share
[PQ] GRND: Margin Calls & Acquisitions
Grindr receives a non-binding offer of $18 per share
www.nongaap.com
November 20, 2025 at 3:32 PM
[PQ] GRND: Margin Calls & Acquisitions • Grindr receives a non-binding offer of $18 per share
[PQ] VZ: New CEO Announced • Independent Lead Director Appointed CEO
[PQ] VZ: New CEO Announced
Independent Lead Director Appointed CEO
www.nongaap.com
November 20, 2025 at 3:32 PM
[PQ] VZ: New CEO Announced • Independent Lead Director Appointed CEO
[P] ESTC: Elastic Vesting Goals • What is the company incentivizing?
[P] ESTC: Elastic Vesting Goals
What is the company incentivizing?
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] ESTC: Elastic Vesting Goals • What is the company incentivizing?
[P] BLND: Non-GAAP Research Hour • Zoom session on reverse engineering "upside" governance signals
[P] BLND: Non-GAAP Research Hour
Zoom session on reverse engineering "upside" governance signals
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] BLND: Non-GAAP Research Hour • Zoom session on reverse engineering "upside" governance signals
[P] UNH: Itemized Governance Signals • Examining governance disclosures for signal
[P] UNH: Itemized Governance Signals
Examining governance disclosures for signal
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] UNH: Itemized Governance Signals • Examining governance disclosures for signal
[P] NSP: Inspirational or Attainable Goals? • What catalyzed Insperity's ill-timed special equity awards?
[P] NSP: Inspirational or Attainable Goals?
What catalyzed Insperity's ill-timed special equity awards?
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] NSP: Inspirational or Attainable Goals? • What catalyzed Insperity's ill-timed special equity awards?
[P] TENB: Tenable Reasons to Sell • Monitoring M&A signals at Tenable Holdings
[P] TENB: Tenable Reasons to Sell
Monitoring M&A signals at Tenable Holdings
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] TENB: Tenable Reasons to Sell • Monitoring M&A signals at Tenable Holdings
[P] TGNA: Deregulatory M&A • Unpacking M&A signals via governance
[P] TGNA: Deregulatory M&A
Unpacking M&A signals via governance
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] TGNA: Deregulatory M&A • Unpacking M&A signals via governance
[P] OLO: Exploring Potential Sale? • Checking out M&A rumors
[P] OLO: Exploring Potential Sale?
Checking out M&A rumors
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] OLO: Exploring Potential Sale? • Checking out M&A rumors
[P] HUBS: CiC Returns Management • Unpacking HubSpot's Executive Severance Plan
[P] HUBS: CiC Returns Management
Unpacking HubSpot's Executive Severance Plan
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] HUBS: CiC Returns Management • Unpacking HubSpot's Executive Severance Plan
ILMN: Activism! Part Deux • Keith Meister Takes on Illumina's Corporate Governance Problems
ILMN: Activism! Part Deux
Keith Meister Takes on Illumina's Corporate Governance Problems
www.nongaap.com
November 20, 2025 at 3:32 PM
ILMN: Activism! Part Deux • Keith Meister Takes on Illumina's Corporate Governance Problems
[P] ILMN: Activist In, Chairman Out • Activist Keith Meister Joins Board and Chairman Stephan Macmillan Resigning
[P] ILMN: Activist In, Chairman Out
Activist Keith Meister Joins Board and Chairman Stephan Macmillan Resigning
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] ILMN: Activist In, Chairman Out • Activist Keith Meister Joins Board and Chairman Stephan Macmillan Resigning
[P] HSY: Re-Molding Hershey • Unwrapping recent company filings
[P] HSY: Re-Molding Hershey
Unwrapping recent company filings
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] HSY: Re-Molding Hershey • Unwrapping recent company filings
[P] TENB: Tenable Governance • Navigating CEO Succession Under Tough Circumstances
[P] TENB: Tenable Governance
Navigating CEO Succession Under Tough Circumstances
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] TENB: Tenable Governance • Navigating CEO Succession Under Tough Circumstances
[P] SPHR: Sphere-Priced Incentives • Dolan’d if You Do, Dolan’d if You Don’t
[P] SPHR: Sphere-Priced Incentives
Dolan’d if You Do, Dolan’d if You Don’t
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] SPHR: Sphere-Priced Incentives • Dolan’d if You Do, Dolan’d if You Don’t
[P] VYX: Checking Out in 2025? (Part 4) • Executive Chair James Kelly Appointed CEO
[P] VYX: Checking Out in 2025? (Part 4)
Executive Chair James Kelly Appointed CEO
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] VYX: Checking Out in 2025? (Part 4) • Executive Chair James Kelly Appointed CEO
[P] VYX: Checking Out in 2025? (Part 3) • Executive Chair James Kelly Replaces David Wilkinson as CEO
[P] VYX: Checking Out in 2025? (Part 3)
Executive Chair James Kelly Replaces David Wilkinson as CEO
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] VYX: Checking Out in 2025? (Part 3) • Executive Chair James Kelly Replaces David Wilkinson as CEO
[PQ] PLTK: Playing Bad (Governance) Odds • Sometimes governance is so bad it's good
[PQ] PLTK: Playing Bad (Governance) Odds
Sometimes governance is so bad it's good
www.nongaap.com
November 20, 2025 at 3:32 PM
[PQ] PLTK: Playing Bad (Governance) Odds • Sometimes governance is so bad it's good
[P] VYX: Checking Out in 2025? (Part 2) • Assessing incentives, activism, and strategic options in 2025
[P] VYX: Checking Out in 2025? (Part 2)
Assessing incentives, activism, and strategic options in 2025
www.nongaap.com
November 20, 2025 at 3:32 PM
[P] VYX: Checking Out in 2025? (Part 2) • Assessing incentives, activism, and strategic options in 2025