A single board member at ILMN filed 17 separate sell transactions worth a combined $107 million between May 28 and June 1. Keith Meister, representing an asset management firm on the board, unloaded over 660,000 shares across just five days. The filings hit regulators on June 1.
The scale is striking. Each individual trade ranged from roughly $5.9 million to $16.3 million. That kind of concentrated selling from a board-level insider is rare and hard to dismiss as routine portfolio management.
On the buying side, HOOD attracted fresh insider interest. Ribbit Capital and director Meyer Malka each filed purchases of $20 million on June 1. Both bought 249,000 shares apiece on May 28 at roughly $80 per share. Two insiders backing the same trade on the same day sends a clear signal.
TBLA saw the opposite. Apollo Management filed a $52.8 million sale of 12 million shares. That is a major holder trimming a large position.
Across the Atlantic, RHM CEO Armin Papperger filed a €5.3 million purchase of Rheinmetall stock on June 2 — a rare personal buy from the chief executive of Europe's top defence firm.
RGTI CTO David Rivas filed a $12.7 million sale of nearly 500,000 shares on June 1. That is a significant exit from a quantum computing name that has run hard in 2025.
This article is not financial advice.
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.
