Insiders Move Big: Gates Buys, NVIDIA Director Dumps

Two standout insider moves dominated filings in early September — with more than half a billion dollars changing hands across just two names.

Bill Gates goes big on waste. Gates filed on September 3 that he bought $241 million worth of RSG (Republic Services) shares between August 28 and September 2. The purchases — spread across multiple transactions totalling over 1 million shares — show a disciplined, systematic accumulation. Gates is already a major shareholder in the waste management giant. This latest top-up reinforces a long-held conviction in the sector.

NVIDIA director dumps $411 million. Independent Director Mark Stevens filed on September 2 that he sold nearly 1.85 million NVDA shares across August 31 and September 2, netting roughly $411 million. The sales come as NVIDIA trades near elevated levels, up 17% year-to-date. No 10b5-1 plan flag was reported on the vendor data, though director sales at this scale often follow pre-arranged schedules — traders should weigh accordingly.

Li Ning founder backs the brand. Viva China Holdings — the vehicle of Li Ning founder Li Ning himself — disclosed buying over $130 million in 2331 (Li Ning Company) shares across multiple filings in early September. The stock has been under pressure. The founder stepping in personally at this size is a strong signal of confidence in a turnaround.

Insider trade data is sourced from regulatory filings; positions reflect as-reported values and may not reflect current holdings.