The stock market has recently surged to new heights, prompting some big corporate executives to cash in. Here’s a rundown of significant stock sales by these executives that were reported to the Securities and Exchange Commission last week. This summary focuses on discretionary sales—those not linked to pre-planned 10B5-1 trading strategies. Information is sourced from VerityData and cross-verified with SEC filings, reflecting data from the last three months as of Friday’s close.
Matthew Ocko, a director at Rocket Lab (RKLB), sold 1.87 million shares at an average price of $48.20, bringing in about $90.3 million. Shares have skyrocketed around 80% in the past three months. Similarly, Nvidia (NVDA) directors Mark A. Stevens and Stephen C. Neal sold a combined 498,000 shares for around $808.6 million, averaging $177.90. Neal also sold 28,000 shares at an average of $177.58, totaling around $5 million. Nvidia’s stock value has risen by over 22% during this period.
Gregory Q. Brown, the CEO of Motorola Solutions (MSI), offloaded 50,000 shares for $24.2 million at an average price of $483.50, also exercising an option set to expire in March 2026. This stock has seen a 17% increase over the last three months. Meanwhile, Echostar (SATS) CEO Hamid Akhavan sold 234,000 shares for $17.6 million at an average price of $75.35. Fun fact: the exercise options here expire in December 2033, and SATS stocks have nearly tripled in value recently.
Looking at insider activity, Verity noted that there has been significant selling on SATS, with insiders collectively selling over $40 million in stock in the past month. Richard Bealmear, CFO of Oklo, sold 100,000 shares at an average price of $94.31, totaling about $9.4 million, with shares up 69% in the last three months. Over at Macy’s (M), Chief Human Resources Officer Daniel Kilgan sold 100,000 shares for about $1.8 million at an average price of $17.75. This month, he indicated he’s selling around $17.50 per share, a notable move considering that department store sales like these are pretty rare, especially with Macy’s stock climbing over 50% recently. Kilgan had previously sold more at $17.52 back in July.
Lastly, NetApp (NTAP) CEO George Kurian sold approximately 9,000 shares for around $12.91 each. Just a note here: these sales are categorized as step-out sales, different from 10B5-1 transactions. NTAP’s stock has seen a 20% increase over the past three months.
