Insiders Cash Out as Illumina Leads the Dump

A board member at ILMN filed more than $114M in stock sales this week. Keith Meister, who represents an asset management firm on Illumina's board, disclosed the trades on August 6. He sold shares across multiple sessions at prices between $198 and $203.

That's the biggest insider selling story of the week in the US market.

At LTH, founder and CEO Bahram Akradi filed $19.5M in sales on August 4. He sold 433,307 shares at around $45 each. The Life Time Group fitness chain has rallied sharply in 2026.

CAKE founder and CEO David Overton filed $10M in sales on August 6. He sold 94,145 shares at $106.27. The Cheesecake Factory stock trades near multi-year highs.

Charles Schwab's founder Charles Schwab filed $10M in sales at SCHW on August 4. He sold 95,250 shares at roughly $105.50 each.

On the buy side, ACS chairman and CEO Florentino Perez filed a €23M purchase in ACS on August 3. He bought 200,000 shares at €111.14. That's a notable vote of confidence from the top executive of Spain's largest construction group.

The overall tone this week leans clearly toward selling. US executives are filing large disposals near what appear to be elevated price levels. The absence of significant US C-suite purchases stands out.

This is not financial advice.