Insiders Cash Out at NVDA, ESTC, and CPAY

An NVIDIA director filed a wave of sell orders this week worth over $410 million. Mark A. Stevens, an independent director, sold more than 1.5 million shares between August 31 and September 2. The trades were filed on September 2. At prices around $220–$226 per share, the total haul came to roughly $411M across seven transactions.

Also at NVIDIA, General Counsel Timothy Teter filed $6.5M in sales on September 2, covering trades made on August 31.

Elastic N.V. founder and CTO Shay Banon filed $44.5M in sales on September 2. He sold across eight transactions between August 31 and September 2, at prices ranging from roughly $90 to $96 per share. Three other Elastic executives also disclosed smaller sales on the same day — a clear cluster signal.

At Corpay, CEO Ronald Clarke filed $24M in sales on August 25. Group President Alan King added another $1.6M that same day. Three insiders selling within days of each other is worth watching.

On the buy side, Swedish gaming company Evolution AB disclosed a massive purchase by major shareholder Kenneth Bryan Dart — $569M worth of shares filed August 26, covering trades made in late July. A second Dart buy of $147M was also disclosed. These are among the largest insider purchases seen globally this period.