Last week, stock sales occurred under names such as Circle Internet Internet Group and Zillow Group. The sales of insiders are followed by traders who hope that their activities will point to deeper troubles in the company, but their motivations are different. VerityData tracks information. This has been confirmed against the original Securities and Exchange Commission application. This list excludes filings where disclosures expressly state that sales were carried out in accordance with a pre-planned 10B5-1 trading plan. Instead, the focus lies in discretionary activities. Below are some of the most notable sales from last week. According to regulatory filings, Circle Internet Group CEO Jeremy Allerle sold 358,000 shares for a total of $45.5 million at an average price of $127.08. The sale cut his holdings by 2% and was made as part of the company’s second recruitment. One of the earliest companies in the cryptocurrency industry, Circle issues USD coins, the second largest stub coin in the world. Circle priced the IPO at $31, with the stock rising 168% on the first day of trading on June 5th. Since then, the stocks have been extremely unstable. Secondary offerings put pressure on stocks, down more than 20% since it was announced on August 12th. Stocks are 57% below their June high. CRCL 3M Mountain Circle, over three months, Zillow Group Zillow Group Co-executive Chairman and President Richard Burton sold 350,000 shares for an average price of $85.25 for a total of $29.8 million. This sale reduced holdings by 6%. Additionally, co-executive chairman Lloyd Frink sold 250,000 shares for a total of $21.3 million, at an average price of $85.00. According to a memo from Verity, Barton and Frink were sold outside of a typical 10B5-1 trading plan. Burton’s last sale outside of trading plans was in 2017. Zillow stocks have grown nearly quarterly so far. Applovin Arash Adam Foroughi, CEO of Mobile Technology Company, sold 178,000 shares at an average price of $418.78, totaling $74.3 million. The sale reduced his holdings by 2%. Applovin’s shares have grown 29% since the start of the quarter. Monolithic Power Systems CEO Michael Hsing sold 20,000 shares for an average price of $829.10, totaling $16.8 million. The sale reduced his holdings by 2%. Verity says this was a step-out sale after HSING ended his first unplanned sales plan since 2019. Jason Hollar, Health CEO of Jason Hollar Cardinal, sold 143,000 stakes of the global healthcare services and product company for a total of $149.19 for a total of $21.4 million. This sale reduced holdings by 31.3%. Stocks have fallen slightly by 4% over the past three months, but have risen 24% a year. . Verity points out that many executives’ sales coincides with the award of stock awards. Eight executives, including CEO Jason Hollar, were sold for $149.09 after their arrest. This activity marks the third year when insiders sold their post-invest stocks, but this period is outstanding as it accelerates at higher prices each year. CAH YTD Mountain Cardinal Health led Hollar to date as it sold 143,600 shares for $21.4 million and sold 143,600 shares a few days ago, leaving 27,300 shares held from the acquisition, compared to 170,900 after-tax shares. CFO Aaron Alt sold 48,200 shares for $7.2 million, far surpassing post-investment sales since last year, selling more than 42,800 recently administered post-tax stocks. The CEO’s sales matched his best, but each others have sold beyond the stocks that earned him a salary this quarter, and the acceleration of the highest ever heights is a bit cautious to Cardinal. Willdan Group’s director, Willdan Group Thomas Brisbin sold 125,000 shares of The Technical and Consulting Services Firm to a utility company, selling a total of $13.7 million at an average price of $109.58. The sale reduced his holdings by 28%. Verity pointed out that four insiders were selling this quarter this quarter as shares in the technology and consulting services company rose dramatically in the past few months and spiked to a new all-time high. Willdan’s shares have grown 126% over the past three months. After retiring as CEO at the end of 2023, Brisbin took on options sales by 28% reductions in his non-option holdings by over $108. He regularly sells short-lived options, but his deviation to selling non-optional stocks, including a sale near the peak in November 2024 at $42.49 was timely. Informatica Informatica CEO Amit Walia sold 508,000 shares of Enterprise Cloud Data Management Leader at an average price of $24.71, totaling $12.6 million. The sale reduced his holdings by 20%. Stocks have risen about 10% over the past three months. Robinhood Robinhood CFO Jason Warnick, Chief Financial Officer of The Trading Platform, sold 100,000 shares at an average price of $110.93 for a total of $11.1 million. The sale reduced the amount of Wanick holdings by 16%. Stocks have risen nearly 72% over the past three months.
