Founders Cash Out as CEO Bets on His Own Stock

Insider filings this week reveal a sharp split — one CEO buying aggressively while two founders keep selling.

CoStar CEO Doubles Down

CSGP CEO Andrew Florance filed on August 5 that he bought $2.5M worth of shares on August 4. He paid roughly $29.89 per share for 83,300 shares. This is a meaningful open-market purchase by the company's own founder-CEO. It signals confidence in CoStar's direction at a time when the real estate data firm faces a competitive market.

Charles Schwab Founder Keeps Selling

Charles Schwab, co-chairman of SCHW, has filed a string of large sales. He sold over $10M on July 29, another $10M on August 3, and $5M more on August 4. Total filings over the past month exceed $38M. The sales are spread across multiple days and prices between $101 and $106 per share.

Life Time CEO Exits $19.5M

LTH founder and CEO Bahram Akradi filed August 4 that he sold $19.5M worth of shares on July 31. He offloaded 433,307 shares at around $45 each. Three insiders in total filed sales at the fitness chain within the past 30 days, totalling over $24M.

PBF Energy: Relentless Selling

Billionaire Carlos Slim has filed repeated large sales of PBF Energy shares. Filings span July 6 through August 3. Total disclosed sales exceed $100M in the past month. Additional SVP-level sales filed this week add to the pressure.

This is not financial advice.