Boardroom Sells Flash at Illumina and Mohawk

Board member Keith Meister filed disclosures last week showing he sold over $143M worth of ILMN stock. The transactions took place August 4–5. Meister, representing an asset management firm on Illumina's board, executed more than a dozen separate sell orders at prices near $199 per share.

Four insiders at MHK also filed sales this week. CEO and Chairman Jeffrey Lorberbaum sold shares totalling roughly $7.2M on August 3. Director Bernard Thiers filed a separate $1.8M sale on August 5. The coordinated selling across four insiders at the flooring manufacturer stands out.

LTH saw three insiders file sales worth a combined $24.7M, filed August 4. Life Time Group runs fitness centres across the US.

Not all the news is bearish. Three insiders at PFE filed purchases totalling $1.96M this week. That cluster of buying at the pharma giant is a rare show of confidence amid years of post-pandemic pressure on the stock.

Community bank CCB saw its CEO Eric Sprink and director Steven Hovde both file fresh purchases on August 6–7, adding over $1.1M combined. Buying by both the chief executive and a board member at the same time signals conviction from the top.

This article is for informational purposes only and does not constitute financial advice.