Insiders Dump $500M in Tech Stocks

Silver Lake Group filed this week that it sold over $435 million worth of DELL shares. The trades took place between June 3 and June 9. Silver Lake is a 10% owner and holds a board seat at Dell Technologies. The mass exit — spread across 408 separate transactions — is one of the largest insider disposals filed so far in June.

Meanwhile, tech veteran Marc Andreessen filed on June 10 that he sold nearly $39 million in IOT stock. The Samsara director offloaded over 1.1 million shares across two days. The filings came just days after the trades were executed on June 8 and 9.

On the buying side, Ribbit Capital filed a $20 million purchase of HOOD shares. The venture firm, which holds a board seat at Robinhood Markets, bought 250,000 shares on June 5. The filing emerged on June 9. It signals continued institutional confidence in the commission-free brokerage.

Edward Garden, a board director at FBIN, filed that he bought nearly $13 million in Fortune Brands Innovations stock on June 10. The purchase — 320,067 shares at roughly $40.60 each — stands out as one of the largest US C-level buys this week.

At TJX, Executive Chairman Carol Meyrowitz filed a $9.1 million sale on June 10. She sold 55,624 shares on June 9.