A wave of significant insider selling hit global markets this week, with filings published Thursday showing coordinated exits from multiple companies.
The biggest story is PAYTM. Three linked investment firms — SAIF III Mauritius, SAIF Partners India IV, and Elevation Capital — jointly filed sales totalling over $126 million on August 6. All three traded on August 4. This coordinated exit by early-stage backers signals a major reduction in institutional confidence in the Indian payments firm.
In the US, KARO founder and CEO Zak Calisto filed repeatedly over consecutive days. He sold nearly $10 million worth of shares between July 27 and August 5, averaging around $1.6 million per day. Seven separate filings disclosed sales of roughly 25,000–34,000 shares each session. The sustained pace stands out — this is not a one-off sale.
Across the Atlantic, ACS Chairman and CEO Florentino Perez was buying. He filed $50 million in purchases of the Spanish construction group between July 29 and July 31, a rare signal of conviction from the top. Ebro Foods Director Jose Ignacio Comenge also bought in, filing a purchase of the food group on July 30.
Activist investor Sardar Biglari continued selling LOCO, filing further reductions in his El Pollo Loco position this week.
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