Gates Bets Big on Republic Services

Bill Gates filed a cluster of purchases in RSG worth nearly $492 million in total. The filings, submitted between August 26 and September 3, covered trades executed from August 24 to September 2. That scale of buying from a main shareholder is a clear statement of conviction in the waste management giant.

On the selling side, NVDA director Mark Stevens filed seven sales totalling $411 million on September 2. The trades were executed August 31 to September 2. Stevens is an Independent Director, not a C-level executive. Insider sales at this scale from a board member draw attention — but no 10b5-1 plan status is noted in the data, so the signal is worth monitoring.

MSFT also saw a wave of executive selling. CEO Satya Nadella filed sales of nearly $80 million on September 1–2, covering trades on August 31 and September 1. CFO Amy Hood added another $9.6 million in the same window. Three other senior executives sold too, bringing total Microsoft insider sales in the period above $100 million. A coordinated leadership sell-off of that size is always worth noting, even if plan-related.

TPC Executive Chairman Ronald Tutor filed sales of $198 million on September 2, all executed August 31. That is a very large discretionary-looking disposal from a company insider at the top of the org chart.

This is not financial advice. Data sourced from ORTEX.