Insiders Show Diverging Signals

Venture capital exits are dominating US insider filings this month. A major boardroom-level sell-off is running at TTAN — ServiceTitan — where Bessemer Venture Partners has offloaded over $124M in shares across nearly daily transactions since late June. The VC firm, which holds a board seat, filed sales on July 13, 14, 15, 16, and 17 at prices between $77 and $80. That is persistent, high-volume distribution from a well-informed early backer.

On the buy side, AVO — Mission Produce — stands out. A 10% owner, GlobalHarvest Holdings, filed purchases worth over $36M across four consecutive days from July 6 to July 9. Prices ranged from $12.73 to $13.42. That scale of accumulation from a strategic holder is a strong vote of confidence in the avocado distributor.

At AVGO — Broadcom — Chief Legal Officer Mark Brazeal filed three separate sales totalling $29.2M between June 25 and July 10. Each block was 25,000 shares. Directors also trimmed positions. With the stock near record highs, executives are locking in gains.

Media veteran John Malone filed $10.2M in purchases of LILA — Liberty Latin America — across three days in late June. At prices below $7, the telecom billionaire is betting on a deeply discounted recovery story.

An Adobe director also filed a $1.9M purchase of ADBE shares at $194.51 — a notable vote of confidence in a stock that has been under pressure from AI competition concerns.