Two high-profile insider sales filed this week signal caution at the top of some of the market's hottest names.
Abel Avellan, Founder and CEO of ASTS, filed on June 23 that he sold 2.5 million shares on June 22. The transaction totalled $146.7 million at $58.68 per share. AST SpaceMobile has been a market darling in 2026, riding satellite-to-phone momentum. A CEO sale of this size draws attention — especially at these elevated prices.
At NVDA, Independent Director Mark Stevens filed two sales on June 23. Combined, he offloaded roughly 885,000 shares for over $186 million, at prices near $210. While director sales at Nvidia are not unusual given the stock's multi-year run, the scale stands out. No purchases from any Nvidia insiders were recorded over the same period.
Elsewhere, Sweden's EVO — Evolution AB — saw Capital Group dump $810 million worth of shares on June 22. That filing arrived June 24. Capital Group's exit from a position of that size is one of the largest institutional insider disclosures this week.
No significant C-level purchases were filed in the past seven days, a notable absence given current market levels. The pattern skews firmly toward selling.
This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
