Executives Cash Out as Billionaires Sell Big

Insider filings this week reveal a wave of selling across US markets. Three stories stand out.

ServiceTitan is the busiest name. Bessemer Venture Partners — a board-level backer — filed sales totalling over $55M since July 2, with the most recent filings dated July 16. The VC firm sold shares at prices between $77 and $80. Three separate insiders at ServiceTitan filed in the same window.

PBF Energy saw billionaire Carlos Slim file the sale of $51M worth of shares across three trades filed between July 6 and July 10. Slim sold at prices ranging from $47 to $53 per share. The heavy selling from a 10% shareholder draws attention.

Broadcom's Chief Legal Officer Mark Brazeal filed three sales totalling nearly $30M since late June. His latest filing, dated July 14, covered a $10M sale at $401 per share. Two other Broadcom directors also filed smaller sales in the same stretch.

On the buying side, a 10% owner at Mission Produce filed purchases of over $35M across four days in early July, all at prices between $11 and $14. That cluster of buying stands out in a market dominated by seller filings this month.

This is not financial advice.