Dart Bets Big on Evolution as NVIDIA Director Cashes Out

A major shareholder made one of the boldest conviction buys in recent months. Kenneth Bryan Dart filed in late August 2026 disclosing two open-market purchases in EVO (Evolution AB). The trades, on 21 and 24 July, totalled approximately $716 million. Dart, listed as the company's main shareholder, paid around $71 per share across the two transactions. The filings cover acquisitions of 10.06 million shares combined.

At NVIDIA, the signal ran in the opposite direction. Director Mark Stevens filed in early September that he sold $98.5 million worth of stock on 31 August, offloading 447,400 shares at roughly $220 each. Director sales at mega-cap names carry less weight than CEO purchases, but a near-$100 million disposal still draws attention, particularly as NVIDIA trades near all-time highs.

At Twilio, a board-linked hedge fund representative reported a $123.5 million sale of 500,000 shares on 12 August, filed the same day. The speed of filing and the size of the block suggest a pre-arranged exit rather than a discretionary signal.

In India, promoter entities continued accumulating shares in Adani Power, with two family holding companies disclosing buys worth a combined $1.9 billion. Those filings arrived in August 2026, though the trade dates trace back to 2024, illustrating the lag that sometimes appears in non-US regulatory disclosures.

The Dart purchases in Evolution stand out as the freshest high-conviction move. Buying at that scale without a stated plan is a clear statement of long-term confidence.