A wave of insider selling hit two major US technology names this week, with filings revealing coordinated exits at DELL and AMAT.
At Applied Materials, CEO Gary Dickerson filed sales totalling over $38M across June 15–16. The filings landed on June 17. Dickerson sold shares at prices between $590 and $597. AMAT's Independent Chairman Thomas Iannotti also filed a $5.5M sale on the same day. CTO Omkaram Nalamasu added another $6.9M in two separate transactions. The cluster of C-suite selling at AMAT totalled more than $80M across all filings this week.
At Dell Technologies, private equity firm Silver Lake Group filed over $103M in total sales this week. Silver Lake holds a board seat as a 10% owner. It sold shares across multiple days at prices ranging from $378 to $410. Dell's General Counsel Richard Rothberg also filed an $8.2M sale on June 17, disposing of 20,000 shares at $410.
Separately, the Walton Family Holdings Trust filed $533M in WMT sales on June 18, covering trades made on June 16 at roughly $121 per share.
No significant insider purchases were reported among US stocks in the same period.
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