Founders Cash Out as Execs Flee Stocks

Insider selling dominated filings this week, with some of America's most recognisable names quietly reducing their stakes.

Charles Schwab, founder and co-chairman of SCHW, filed sales totalling over $37M in the past week. Schwab sold roughly 332,000 shares across four separate transactions at prices between $101 and $106. His daughter and board director, Carolyn Schwab-Pomerantz, also filed sales of nearly $4.8M during the same period. The cluster of family selling at near-identical prices stands out.

At LTH, Life Time Group's founder and CEO Bahram Akradi filed a $19.5M sale on August 4, offloading 433,000 shares at around $45. CFO Erik Weaver and division president Parham Javaheri filed their own sales the same day — roughly $5M combined. Three C-suite insiders selling in a single filing wave is an unusual pattern worth watching.

Cheesecake Factory founder and CEO David Overton filed a $10M sale in CAKE on August 6, selling 94,000 shares at $106. The general counsel and an independent director also filed sales in the same week.

Meanwhile, billionaire Carlos Slim filed sales of more than $34M in refiner PBF on August 3, dumping nearly 490,000 shares across multiple transactions at prices around $68–$74.

On the buying side, ACS chairman and CEO Florentino Pérez filed a $25.6M purchase in ACS on August 3 — a rare vote of confidence from a top executive.