Five executives at IRDM filed sales this week totalling nearly $19M. The COO, Chief Legal Officer, Chief Accounting Officer, and two directors all dumped shares at around $50 each on August 17. Filings landed on August 19. That kind of broad, coordinated selling across the C-suite is a clear signal worth watching.
Meanwhile, the opposite is happening at CDNL. Three directors and the COO of Cardinal Infrastructure Group filed purchases worth over $6.3M in total. The trades hit on August 14–17, with filings appearing August 17–18. When a COO and multiple board members buy together, it often signals confidence in an upcoming catalyst.
Venture capital firm DST Global has been aggressively selling CHYM — Chime Financial — since its IPO. Over $62M in shares were sold on August 19 alone and filed the next day. DST held a 10% stake and appears to be systematically trimming its position.
Bill Gates also filed a $36M purchase in RSG Republic Services on August 20. He bought 166,858 shares at roughly $218 each. Gates has been a long-term holder of the waste management giant.
At SYK, director Ronda Stryker filed two sales totalling over $81M on August 20, trading at $335–$336 per share.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
