A wave of insider selling hit US markets this week, with executives at four notable companies filing large disposals.
AEHR led the week's most striking cluster. Six insiders — including CEO Gayn Erickson and Founder/Chairman Rhea Posedel — collectively filed sales worth over $12.1M. Erickson alone sold $5M worth of stock at around $131 per share. The broad-based nature of the selling, spanning the CEO, Chairman, and multiple EVPs, makes this one of the more notable insider events of the past fortnight.
IRDM insiders filed $18.8M in sales on August 17, with five executives selling simultaneously. Director Thomas Fitzpatrick filed a $10.5M disposal, while COO Suzanne McBride disclosed $4.3M in sales.
At FANG, CEO Matthew Kaes Van't Hof filed sales totalling over $3M across multiple trades. The COO and CFO also sold, bringing total disclosed filings to over $5.1M for Diamondback Energy this month.
One bright spot: Bill Gates filed a $40M purchase in RSG (Republic Services), picking up 181,392 shares at roughly $220 each — a rare large-scale buy amid a week dominated by selling.
This is not financial advice.
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.
