Insiders Cash Out: CEOs, Boards Dump Millions

A wave of insider selling has hit US markets this week. Filings show executives and board members moving fast to reduce holdings.

The biggest named executive move: EHC CEO Mark Tarr filed on August 11 that he sold $21.5M in Encompass Health stock on August 10. That's a single-day exit worth over 171,000 shares from the rehab hospital giant's top boss.

At ILMN, board member Keith Meister — whose asset management firm holds a seat on Illumina's board — filed multiple sales between August 4 and 5. Total disclosed in recent filings: over $84M in shares sold. The concentrated cluster of trades stands out. Illumina has faced pressure from activists and a failed Grail acquisition saga that dragged for years.

Life Time Group founder and CEO Bahram Akradi filed on August 4 that he sold nearly $19.5M in LTH stock on July 31.

Aurora Innovation director Mike Volpi and linked VC firm Index Ventures jointly filed $12.9M in AUR sales on August 11, cutting exposure to the self-driving truck startup.

On the sell side broadly, no significant C-level purchases emerged this week — a notable absence. When buying dries up and selling clusters, markets pay attention.

This is not financial advice.