In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hostess Brands, Inc. (NASDAQ:TWNK) reported that Gores Sponsor Llc. has picked up 17,633,929 of common stock as of 2017-04-19.

The acquisition brings the aggregate amount owned by Gores Sponsor Llc. to a total of 17,633,929 representing a 16.4% stake in the company.

For those not familiar with the company, Hostess is one of the largest packaged food companies focused on developing, manufacturing, marketing, selling and distributing fresh baked sweet goods in the United States. The brand’s history dates back to 1919, when the Hostess CupCake was introduced to the public, followed by Twinkies® in 1930. Today, Hostess produces a variety of new and classic treats including Ding Dongs®, Ho Hos®, Donettes® and Fruit Pies, in addition to Twinkies® and CupCakes.

A glance at Hostess Brands, Inc. (NASDAQ:TWNK)’s key stats reveals a current market capitalization of 1.57 Billion based on 99.21 Million shares outstanding and a price at last close of $16.25 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-12-02, Defeo picked up 5,000 at a purchase price of $12.60. This brings their total holding to 7,000 as of the date of the filing.

On the sell side, the most recent transaction saw Gores unload 1,000,000 shares at a sale price of $15.25. This brings their total holding to 17,633,929.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Hostess Brands, Inc. (NASDAQ:TWNK) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.