Bill Gates filed to disclose purchases of more than $119 million in Republic Services stock in early September. The trades — spread across September 1 and 2 — were reported on September 3. Gates bought roughly 534,000 shares at prices around $222–224 each. The waste management giant carries a market cap of $65 billion and short interest of just 1.7% of free float, signalling no meaningful bearish pressure.
The buying pattern is notable. Multiple tranches were filed simultaneously, suggesting a structured accumulation across Gates-linked entities. RSG is a long-held Gates favourite, but the scale of this latest addition — over $100 million in two days — is a fresh statement of conviction.
On the sell side, Patterson-UTI Energy saw a coordinated exit. CEO Andy Hendricks sold $3.2 million of stock on September 2. The vice chairman and general counsel also sold on the same day. Three insiders selling simultaneously is a cluster worth watching in the oilfield services space.
NMI Holdings CEO Adam Pollitzer sold $7.7 million in shares on September 4, filing the same day. Warner Bros. Discovery director Kenneth Lowe sold $5.7 million on September 3. COO Lisa Foo sold $6.4 million on August 31, reported September 1.
Note: SEC EDGAR first-party Form 4 tables were unavailable in this environment; data sourced from the vendor insider table, which may not cover all US transactions.
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.
