Key facts
- NVIDIA director Mark Stevens sold $221.1 million in stock.
- Snowflake director Frank Slootman sold over $110 million in shares.
- CoreWeave CEO Michael Intrator sold $37.6 million in stock.
- Airbnb director Joseph Gebbia sold $35.9 million of company stock.
- Datadog director Dev Ittycheria sold $34.3 million worth of stock.
- CoreWeave director Jack Cogen sold $29 million in CRWV shares.
- Snowflake EVP Christian Kleinerman sold $2.72 million in stock.
- Rocket Lab director Alexander Slusky sold $8.96 million in stock.
- Caesars Entertainment director Michael Pegram sold $1.6 million in stock.
- Rubrik director Yvonne Wassenaar sold stock on two separate occasions.
- Fastly CTO Artur Bergman sold stock on two separate occasions.
- CoreWeave CSO Brian Venturo sold $13 million in company stock.
A wave of insider selling has been observed across various public companies, with numerous directors, CEOs, and other high-ranking executives divesting substantial portions of their stock holdings. NVIDIA director Mark Stevens leads the reported sales, having sold $221.1 million in company stock. Following closely is Snowflake director Frank Slootman, who sold over $110 million in shares shortly after the company's fourth-quarter earnings report. CoreWeave CEO Michael Intrator sold $37.6 million in stock, occurring soon after the company announced securing $1.65 billion in new funding for its AI and machine learning cloud infrastructure services. Airbnb director Joseph Gebbia also made a significant divestment, selling $35.9 million of the company's stock.
Other notable transactions include CoreWeave director Jack Cogen selling $29 million in CRWV shares and Datadog director Dev Ittycheria selling $34.3 million worth of stock. Snowflake Executive Vice President Christian Kleinerman sold $2.72 million in stock, comprising 15,000 shares. Rocket Lab director Alexander Slusky sold $8.96 million in stock, following a previous sale of $3.5 million by Senior Vice President Sir Peter Campani. Caesars Entertainment director Michael Pegram sold $1.6 million worth of stock, representing a significant portion of his holdings. Rubrik director Yvonne Wassenaar made two separate sales, totaling $212,850 and $58,206 in company stock. Sinclair director Christopher Legg sold 459,900 shares, and Verisk Analytics director Hansen sold $408,776 in stock on November 10, 2023.
Further down the list of transactions, Alphabet director Frances Arnold sold 250 shares of class C stock valued at $38,862. HealthEquity director Wellborn Gayle Furgurson sold $219,510 worth of stock. Aaon director Gary Fields sold $2.66 million in shares, and MongoDB director Hope F. Cochran sold $350,000 worth of stock. JetBlue director Vivek Sharma sold $173,072 worth of company stock. Infleqtion director Kristina Johnson sold 853,500 shares valued at $853,500 on February 20, 2024. Rambus director Eric Stang sold RMBS shares valued at $730,000. Sandisk EVP and CTO Alper Ilkbahar sold $3.51 million worth of stock. Fastly CTO Artur Bergman sold shares valued at $105,576 on March 1st, and in a separate transaction, sold shares valued at $165,345. DocuSign director James Beer sold 24,768 shares for $24,768. Ionis Pharmaceuticals saw a director sell $605,360 in stock. Airbnb Chief Financial Officer Elinor Mertz sold $1.01 million worth of stock. Zoom Communications Director Subotovsky sold $578,997 in stock. Cadence Design Systems Sr. VP Paul Scannell sold $2.79 million in stock. Entegris director James Lederer sold 16,011 shares valued at $512,472 on June 11, 2024. AppLovin director Maynard G Webb Jr. sold $1.79 million in stock. Exodus Movement director Margaret Knight sold $909 worth of stock. Finally, CoreWeave Chief Strategy Officer Brian Venturo sold $13 million worth of stock, comprising 75,000 shares.
These transactions are typically disclosed via Form 4 filings with the Securities and Exchange Commission (SEC). While insider selling can sometimes signal reduced confidence in a company's future performance or outlook, it can also be attributed to personal financial reasons, diversification strategies, or the exercise of stock options. The sheer volume and frequency of these sales across multiple sectors suggest a broad trend among executives managing their personal portfolios and company equity.