Senior executives at several publicly traded companies sold some of their holdings last week, including Nvidia, Lululemon Athletica and Las Vegas Sands. The reasons behind insider selling are vast and varied. Nevertheless, this action is widely seen as a bearish signal and could influence other investors to sell their shares as well. CNBC Pro used financial research platform VerityData to examine data on insider sales with a focus on discretionary activity. Data collected and verified through filings with the Securities and Exchange Commission includes the date of sale, stock price, and number of shares sold for each transaction. Our listing does not include any filings specifying that the sale occurred pursuant to a pre-arranged 10b5-1 transaction plan. Here are some of last week’s most notable sales. Nvidia Director Harvey Jones sold 250,000 shares at an average price of $177.33 for a total value of $44.3 million. The stock price has risen more than 5% in the past three months. Lululemon Athletica executive Celeste Burgoyne, who will be leaving the company at the end of this month, sold 13,500 shares at an average price of $204.00 for a total value of $2.8 million. The stock has increased 22% in the past three months. Outgoing Las Vegas Sands CEO Robert Goldstein sold a total of 1,997,700 shares at an average price of approximately $6,674 for a total value of $133.3 million. The deal included the exercise of an option that expires in 2028. The stock has increased 25% in the past three months. Roivant Sciences Investor Vivek Ramaswami sold 3,103,700 shares of Roivant Sciences stock at an average price of $21.89 for a total value of $67.9 million. CEO Matthew Grein sold 1.74 million shares at an average price of $21.68 for a total value of $37.7 million. The stock has increased 52% in the past three months. Confluent CEO Edward Jay Kreps sold 506,000 shares of Confluent stock at an average price of $30.04 for a total value of $15.2 million. The transaction included the exercise of options on the shares that expire in 2028. The stock has increased 51% in the past three months. CME Group CEO Terence Duffy sold 25,000 shares of CME Group stock at an average price of $269.55 for a total value of $6.7 million. The stock price has increased about 5% in the past three months. Gap Director William Sidney Fisher sold 100,000 shares of Gap stock at an average price of $26.82 for a total of $2.7 million. The stock price has increased about 15% in the past three months. Warby Parker Director Youngmi Moon sold 38,800 shares of Warby Parker stock at an average price of $29.07 for a total value of $1.1 million. The stock price has fallen 7.6% in the past three months. Sean Lynn Duffy, Viasat’s outgoing chief accounting officer, sold 30,800 shares of Viasat stock at an average price of $36.38 for a total of $1.1 million. The stock price has increased 20% in the past three months.
