US Public Company Insider Selling Hits Record Highs

Corporate insiders at US public companies sold shares at a 10-to-1 ratio compared to buys in August, marking the worst ratio of the year. This trend continued into September as tech executives, including those from Meta, CrowdStrike, Datadog, Cloudflare, and Nvidia (NVDA), offloaded significant stock holdings. Notably, Nvidia director Mark Stevens sold approximately $411 million in shares between August 31 and September 2, setting a new record for insider sales at the company. These divestments occurred as major indices hovered near all-time highs and ahead of warnings from Anthropic CEO Dario Amodei regarding AI safety.