Fresh filings this week reveal a wave of insider selling across US markets. Three stories stand out.
Quanta Services CEO dumps $122M. Duke Austin, President and CEO of PWR, filed on May 7 disclosing he sold over 97,000 shares on May 5. The trades were executed between $765 and $777 per share. Total value: more than $122M. No purchases by other insiders offset the move.
Solaris Energy: two sellers, $290M out the door. Board member W. Howard Keenan filed May 7 showing he sold 2 million SEI shares at $74.50 on May 6 — worth $149M. Days earlier, KTR Management LLC filed a separate $141.5M sale at $70.75 per share. Combined, insiders dumped nearly $290M in under two weeks.
WESCO sees six insiders sell on the same day. Six separate WCC executives and directors filed sales on May 7. EVP David Schulz led the pack with roughly $12M in stock sold. General Counsel Diane Lazzaris and the HR Director also sold. The coordinated timing stands out — all trades occurred on May 5–6.
Elsewhere, Rakuten founder Hiroshi Mikitani filed in mid-April disclosing he sold over $270M in ASTS shares across two days as AST SpaceMobile's stock continued to trade at elevated levels.
This is not financial advice.
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