Executives Cash Out While One Startup Director Bets Big

Insider filings over the past week reveal a sharp contrast: most C-suite executives are selling, while one director just made a bold $20M bet on a small-cap company.

The biggest seller is ASTS SpaceMobile founder and CEO Abel Avellan, who filed June 23 showing he sold $146.7M in shares — 2.5 million shares at $58.68 each, executed June 22. The satellite connectivity firm has surged sharply in 2026, making this a notable profit-taking move.

NVDA director Mark Stevens disclosed two back-to-back sales totalling nearly $186M, filed June 23. Both trades hit on June 18 at around $210 per share. At NVIDIA's stratospheric valuation, even a director trimming exposure catches the eye.

AGX Argan saw four insiders sell a combined $78.8M, with subsidiary chairman William Griffin alone offloading $37M across two days. Five executives at AMAT Applied Materials collectively sold $87M in the same period — the largest cluster selling in recent filings.

On the buy side, KARD Kardigan director Paul Berns filed June 24, disclosing a $20M purchase at $16 per share on June 22. That's a rare and significant show of confidence in a small company. Two directors at AVO Mission Produce also spent over $11.3M combined buying shares — a clear signal of board-level conviction in the fresh-produce distributor.

LEA Lear Corporation CEO Ray Scott filed June 25, reporting sales of $6.3M across three trades at around $135 per share on June 24.

This is not financial advice.