Executives Open Wallets as Sellers Dominate

The most striking discretionary buy in recent filings came from inside UBER. Andrew MacDonald, the company's President and COO, filed in early September disclosing open-market purchases totalling $5.3 million at around $75 per share. That kind of cheque from a C-suite operator, not a board figurehead, carries genuine signal.

Elsewhere, Kenneth Bryan Dart, the main shareholder of Swedish gaming giant EVO, filed disclosures showing he bought over $715 million worth of Evolution AB shares across two tranches in late July. The scale is unusually large for a secondary-market accumulation and suggests continued confidence in the operator despite regulatory headwinds that have weighed on the stock through 2026.

On the sell side, the tone is heavier. Brian Lane, CEO of FIX, filed a $25.8 million open-market sale in late August. August Troendle, founder and chairman/CEO of MEDP, sold twice in the same month for a combined $27.5 million. Ron Clarke, CEO of CPAY, filed a $20.8 million sale. None of the filings included disclosures of pre-arranged 10b5-1 plans, making them discretionary sales worth monitoring.

At NVDA, independent director Mark Stevens filed a sale of $98.5 million in late August, though director sales at a stock trading at elevated multiples carry less weight than CEO disposals.

MVIS also caught attention today: ORTEX data shows retail Wikipedia views running 10.0 standard deviations above normal history, a sign of a sharp spike in retail interest that sometimes precedes or accompanies short-term volatility.