John Phelan

Former officialDeparted April 22, 2026Secretary of the Navy · Department of Defense - Department of the Navy

Phelan reported 97 sales (estimated at $176.8M) and 79 purchases (estimated at $35.1M) across 176 transactions between March 24, 2025 and April 20, 2026, an estimated $211.9M in total volume. 20 of the 176 transactions, or 11 percent, were flagged as filed late.

176trades

97sales

79purchases

20late filings

March 24, 2025 – April 20, 2026

Last filing: June 5, 2026|Transactions: March 24, 2025 – April 20, 2026

Late-filing fee waived. OGE reviewer notes on one of these filings record that the STOCK Act's $200-per-report late fee was waived: "Reviewer Alice Bartek-Santiago noted on 5/21/2026 that a late filing fee was WAIVED for this transaction, not paid.".

This total aggregates every source filing listed below. Public trackers focused on a single disclosure may report smaller counts for the same official.

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Transaction timeline

One mark per disclosed trade, sized by reported amount range. Circle = sale, square = purchase.

Sale

Purchase

Late filing

Mark size = reported amount range (minimum)

Filter

176 trades

Date	Description	Ticker	Type	Amount	Disclosed	Source
April 20, 2026	Valence8 PE 2024 Fund	N/A	Purchase	$100K-$250K	June 4, 202645d	PDF
April 20, 2026	Valence8 PE 2025 Fund	N/A	Purchase	$250K-$500K	June 4, 202645d	PDF

Source documents on file with OGE

Reviewed financial disclosure documents the Office of Government Ethics has published or recorded for John Phelan. Open Cabinet summarizes listed documents observationally and links to the source PDF where one is publicly available. We do not issue compliance verdicts — that is OGE’s role, not ours.

Document timeline

In the News

Published reporting on John Phelan's financial disclosures from major outlets.

AI-assisted search across major outlets.

Senate confirms Phelan as next Navy Secretary

Defense News · March 24, 2025

Phelan, founder of private investment firm Rugger Management LLC, was confirmed as Navy secretary by a 62-30 Senate vote.

Source filings

Original PDFs from the U.S. Office of Government Ethics. These are the documents Open Cabinet parses.

John-Phelan-03.12.2026-278T(2)2026-06-05T04:20:17PDF John-Phelan-03.12.2026-278T(1)2026-06-05T04:20:17PDF John-Phelan-05.12.2026-278T(1)2026-06-04T04:20:21PDF John-Phelan-05.12.2026-278T2026-06-04T04:20:21PDF John-Phelan-03.12.2026-278T(3)2026-06-04T04:20:21PDF

Source: U.S. Office of Government Ethics, 278-T Periodic Transaction Report. Asset values and transaction amounts are reported in ranges as required by federal law. View original filings

278-T Periodic Transaction ReportJohn-Phelan-03.12.2026-278T(2)· filed June 5, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-03.12.2026-278T(1)· filed June 5, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-05.12.2026-278T(1)· filed June 4, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-05.12.2026-278T· filed June 4, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-03.12.2026-278T(3)· filed June 4, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-10.02.2025-278T· filed June 4, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-11.17.2025-278T(2)· filed May 22, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction ReportJohn-Phelan-05.20.2025-278T· filed May 22, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction Report278 Transaction· filed April 25, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction Report278 Transaction· filed March 26, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction Report278 Transaction· filed March 26, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
Compliance CertificationCertification of Ethics Agreement Compliance· filed March 25, 2026
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE record
278-T Periodic Transaction Report278 Transaction· filed Feb. 27, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction Report278 Transaction· filed Feb. 27, 2026
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
OGE record
278-T Periodic Transaction Report278 Transaction· filed Jan. 29, 2026Form 201 only
Periodic transaction report (Form 278-T) recorded by OGE as pending final disposition. Itemized document is not publicly downloadable from the OGE portal; available via Form 201 request.
OGE record requires Form 201 requestRequest via Form 201
278-T Periodic Transaction Report278 Transaction· filed Jan. 29, 2026Form 201 only
Periodic transaction report (Form 278-T) recorded by OGE as pending final disposition. Itemized document is not publicly downloadable from the OGE portal; available via Form 201 request.
OGE record requires Form 201 requestRequest via Form 201
278-T Periodic Transaction Report278 Transaction· filed Sept. 9, 2025Form 201 only
Periodic transaction report (Form 278-T) recorded by OGE without a publicly downloadable PDF in this dataset. Itemized document is available via Form 201 request.
OGE record requires Form 201 requestRequest via Form 201
Compliance CertificationCertification of Ethics Agreement Compliance· filed July 26, 2025
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE record
Compliance CertificationCertification of Ethics Agreement Compliance· filed July 2, 2025
OGE-form certification by which John Phelan attested to having met the obligations in the Ethics Agreement. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
OGE record
Certificate of DivestitureCertificate of Divestiture OGE-2025-128· filed June 12, 2025Form 201 only
OGE-issued Certificate of Divestiture providing tax-deferral treatment for a specific qualifying divestiture. Document content is not publicly downloadable; available via Form 201 request from OGE.
OGE record requires Form 201 requestRequest via Form 201
Ethics AgreementEthics Agreement· filed Feb. 19, 2025
Letter signed by John Phelan committing to specific divestitures, recusals and resignations to avoid conflicts of interest in the Secretary of the Navy role. See PDF for the full enumerated commitments.
OGE record
Nominee 278Nominee 278· filed Feb. 19, 2025
Public financial disclosure filed before Senate confirmation. Lists assets, income sources, liabilities and outside positions held at time of nomination for the Secretary of the Navy role. See PDF for itemized holdings.
OGE record