Executives Cash Out as VC Bets Pile Up

Three notable insider filing patterns emerged this week, spanning tech, financials, and software.

Broadcom's Chief Legal Officer Mark Brazeal filed two fresh sell transactions worth a combined $19.5 million. He sold 25,000 shares on July 8 at $379 and another 25,000 on July 10 at $401. That follows a $9.7 million sale in late June — three tranches totalling roughly $29 million in under a month. Broadcom shares have rallied hard in 2026. The CLO appears to be locking in gains steadily.

At ServiceTitan, venture backer Bessemer Venture Partners filed sales every single trading day between July 13 and July 17. The five filings totalled over $45 million at prices ranging from $76 to $81. Bessemer holds a board seat and a 10%+ stake. The daily cadence suggests a structured exit from a post-IPO position.

Royal Bank of Canada CEO David McKay filed a $4.9 million sale on July 22. The CFO and Chief Risk Officer sold on the same date at the same price — $297.19. Coordinated same-day sales across senior executives often signal pre-planned trading programs rather than negative conviction.

The common thread: insiders at high-performing stocks are filing large sales. None of these are necessarily bearish signals on their own. But Bessemer's relentless daily exits from ServiceTitan are worth watching closely.

This is not financial advice.