Founders and Directors Cash Out Big
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Insider selling dominated the filing wires this week, with three US names drawing attention.
ASTS founder and CEO Abel Avellan filed to show he sold 2.5 million shares on June 22. The trade was worth $146.7 million at $58.68 per share. The filing landed on June 23. AST SpaceMobile has been one of the market's hottest satellite stocks in 2026, and the CEO's decision to lock in gains at these levels is notable.
At NVDA, board director Mark Stevens filed two sales on June 23 covering trades made on June 18. Combined, he sold 885,000 shares for roughly $186 million at around $210 per share. Stevens is an independent director, not an executive, but the scale of the sale stands out.
TTAN saw two directors file sales this week. ServiceTitan only went public recently, and early backers are now monetizing. Combined director and VC sales topped $7 million across multiple filings dated June 24–25.
AVAH also saw coordinated selling. A director and a major shareholder each filed sales of 919,389 shares at $8.00 on June 24. Total combined value hit $14.7 million.
No significant insider purchases were filed among US-listed stocks this week. The selling trend across high-growth names suggests insiders are taking profits near recent highs.
This is not financial advice.
Stocks in this article
How this article was generated
- Generated
- 28 Jun 2026, 08:10
- Prompt version
- v1.0
- Data sources
- Institutional positioning
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.