Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The most notable open-market insider buying in recent filings comes from two very different corners of the market, but the conviction reads the same way.
Uber President and COO Andrew MacDonald filed on September 8, disclosing he bought 54,325 shares at roughly $75.65 each for a total of $4.1 million. The trade was made on September 4 and carries no 10b5-1 pre-planned tag, making it a discretionary purchase. Uber's short interest sits at just 2.3% of free float, so the buy is a confidence signal rather than a squeeze trigger.
Bill Gates continued building his stake in Republic Services through late August, with filings showing a $51.8 million purchase of 236,000 shares at around $219 each. The waste management giant carries minimal short interest at 1.8% of free float. Gates has been a consistent buyer of RSG for years, so this adds to an existing position rather than marking a new thesis.
The biggest single block of buying in the period came from Swedish gaming firm Evolution AB. Billionaire shareholder Kenneth Dart filed two tranches in late August worth a combined $716 million, covering shares bought in late July at around 690 to 695 Swedish crowns. Evolution carries 8.7% short interest as of last week. Dart's accumulation at scale, with no plan flag attached, signals firm belief in the stock at current prices.
None of the three trades sit behind a 10b5-1 plan. All three are open-market buys at prices the insiders chose themselves. That distinction matters.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
