Insider Radar — Week of August 31, 2026

Insider selling rose 51% to $3.17 billion in the week of August 31 while reported buying fell 31% to $497.2 million, a ratio of 6.4 to 1 against a median of 14.0. Both numbers need reading. Of the selling, $394.8 million was not discretionary at all, it is cash paid to Crinetics and Apogee insiders when those two takeovers closed. On the buy side Cascade Investment supplied 70% of the total, and every officer and director in the market bought $50.5 million between them.

1,349
up 20% from 1,121 prior week
$497.2M
down 31%, and 70% is one holder
$3.17B
6.4× buying, against a 14.0 median
$394.8M
12% of the selling, not discretionary

One NVIDIA director sold $646.5 million of stock in five filings during the week of August 31, none of it under a scheduled plan. That is more than every insider purchase reported across the market that week, $497.2 million, and 70% of that buying came from a single holder adding to a company it has held for years.

RSG$350.6M
GPI$48.9M
QVCG$11.8M
LILA$10.6M
SUJA$8.0M
AON$6.5M
UBER$5.3M
ALMS$4.9M

Buying was $497.2 million and one holder was 70% of it

Reported buying came to $497.2M across 308 events, down 31% from $716.5M the week before. Cascade Investment, the holding company of Bill Gates and a long standing 10% owner of Republic Services (RSG), accounts for $350.6M of it. Cascade bought 1,570,303 shares across five filings between August 31 and September 4 at prices from $221.19 to $225.35. It led the buy side in the week of August 24 as well. A holder of that size averaging into a position it has held for years is accumulation, and at this pace it is worth watching, but it is not a fresh directional bet by someone who runs the company.

Two more entities take most of what is left. Conifer Management bought $48.9M of Group 1 Automotive (GPI) over four days at $269.66 to $305.74, and GoldenTree Asset Management bought $11.8M of QVC Group (QVCG) at a flat $16.45. Together with Cascade that is $411.3M, or 83% of the week's buying, and all three are 10% holders rather than executives.

One large number is missing from those totals on purpose. PAMT Corp (PAMT) director Matthew Moroun filed a single Form 4 on September 3 reporting a sale of 3,268,000 shares at $9.5550 from his direct holdings and a purchase of the same 3,268,000 shares at the same price into an indirect holding. That is a transfer between his own accounts, worth $31.2M on paper, and counting it would have inflated both sides of this report. It is excluded from both.

Strip the entities out and officers and directors bought $50.5M, which is 10% of the week's total. That share has sat between 10% and 20% in seven of the last ten weeks, so the shape is not new. The money that moves the buy side week to week is entity money, and individual conviction is a small and fairly steady number underneath it.

The cleanest individual purchases were modest. Aon (AON) director Lester Knight bought $6.5M of Class A ordinary stock on September 2 at $325.63 to $330.51. Uber (UBER) officer Andrew Macdonald bought $5.3M on September 4 at $75.65 to $76.44. The most interesting of the three is Alumis (ALMS), where director Srinivas Akkaraju bought 440,140 shares for $4.9M on September 4 at a weighted average of $11.17, split between two Samsara funds. Alumis had fallen 55% three days earlier when its Phase 2b lupus trial missed its endpoints. The same funds bought again on September 8, after our window closed.

Two rows on the chart are not common equity and should not be read as one. At Liberty Latin America (LILA), director Alfonso de Angoitia bought 476,190 Series A preference shares for $10.0M at $20.65 to $21.00, while John Malone bought 69,454 Class A common shares for $590K at $8.4993. Suja Life (SUJA) shows $8.0M from Paine Schwartz Food Chain Fund V, a fund adding to a company it already controls.

RSGCascade Investment, L.L.C.10% holder$350.6M$221.19–$225.35Aug 31 – Sep 4
GPIConifer Management, L.L.C.10% holder$48.9M$269.66–$305.74Sep 1–4
QVCGGoldenTree Asset Management LP10% holder$11.8M$16.45Sep 3
LILAAlfonso de AngoitiaDirector (Series A preference shares)$10.0M$20.65–$21.00Aug 31 – Sep 2
SUJAPaine Schwartz Food Chain Fund V10% holder$8.0M$10.10–$10.57Aug 31 – Sep 4
AONLester B. KnightDirector$6.5M$325.63–$330.51Sep 2
UBERAndrew MacdonaldOfficer$5.3M$75.65–$76.44Sep 4
ALMSSrinivas Akkaraju (two Samsara funds)Director$4.9M$11.17 weighted averageSep 4
GOLDTether Global Investments Fund10% holder$3.9M$39.30Sep 3
AATErnest S. RadyExecutive Chairman$3.7M$22.50–$22.89Aug 31 – Sep 2
PSECJohn F. BarryChief Executive Officer$2.7M$2.24Sep 4
CMRFRichard S. ResslerCEO and President$2.7M$5.14Sep 4
LILAJohn C. Malone10% holder (Class A common)$590K$8.4993Sep 1

One director sold more than the whole market bought, and $394.8 million of the selling was not selling

Insiders and large holders disposed of $3.17B across 1,217 events, up 51% from $2.10B. Against buying that is 6.4 to 1, well under the 14.0 median of the twenty-six preceding weeks, which ranged from 0.9 to 42.2. This is the second week in a row below that norm, and in both cases the ratio is flattered by entity buying rather than by executives stepping in.

The single largest seller was NVIDIA (NVDA) director Mark Stevens, who sold 2,870,740 shares for $646.5M across five filings from August 31 to September 4, at prices from $220.06 to $234.00. None of it was filed under a 10b5-1 plan. That one director sold more than every insider purchase reported across the market in the same week, $497.2M, and his sales alone are 20% of the week's disposal total.

Before reading the rest of that total as selling, $394.8M has to come out of it. Vertex closed its acquisition of Crinetics Pharmaceuticals (CRNX) on September 1 at $85.00 a share in cash, and eleven Crinetics insiders filed D-code dispositions at that flat price on that date, $161.9M in total, including $119.2M from chief executive Richard Scott Struthers. Apogee Therapeutics (APGE) is the same story at a different price: director Nimish Shah reported 1,750,000 shares disposed at $135.11 on September 3, and the filing's own footnote calls that figure the per share merger consideration and says the securities were disposed of in connection with the merger. Those are takeover payouts, not decisions to sell. Excluding them, the week's selling was $2.77B and the ratio 5.6 to 1.

The largest genuine cluster was Silver Lake leaving Dell (DELL). Three Silver Lake vehicles sold $296.8M of Class C common on September 3 and 4 at $496.59 to $529.16, none of it on a plan, and chief human resources officer Jennifer Saavedra sold a further $13.1M. Dell was the most active ticker of the week with 17 filings.

Scheduled plans accounted for $940.7M, or 35% of open-market sales, against 34% the week before, so the mix did not move. The largest were Astera Labs (ALAB) director Manuel Alba at $51.3M, Microsoft (MSFT) chief executive Satya Nadella at $43.4M, Workday (WDAY) co-founder David Duffield at $36.9M, CoreWeave (CRWV) chief executive Michael Intrator at $25.1M and Seagate (STX) chief executive William Mosley at $24.5M.

Among individuals selling without a plan, Tutor Perini (TPC) director Ronald Tutor sold $197.7M in one filing on August 31 at $85.57 to $89.86. Elastic (ESTC) chief technology officer Shay Banon sold $71.1M across six filings through the week, and Illumina (ILMN) director Keith Meister sold $57.2M over three days. Two blocks sit near them: Genworth Holdings sold $34.0M of Enact (ACT) at a flat $49.40 and a family trust sold $32.0M of Agentix (AGNT) at $3.68. H World (HTHT) director John Jiong Wu sold $45.4M, reported in ordinary shares at $4.64, which is the security named in the filing rather than the New York ADR that trades at roughly ten times that price.

NVDAMark A. StevensDirector$646.5MOpen market, no planAug 31 – Sep 4
DELLSilver Lake (three funds)10% holder$296.8MOpen marketSep 3–4
APGENimish P. ShahDirector$236.4MMerger consideration at $135.11Sep 3
TPCRonald N. TutorDirector$197.7MOpen market, no planAug 31
CRNXRichard Scott StruthersPresident and CEO$119.2MMerger cash-out at $85.00Sep 1
ESTCShay BanonChief Technology Officer$71.1MOpen market, no planAug 31 – Sep 4
ILMNKeith A. MeisterDirector$57.2MOpen market, no planSep 2–4
ALABManuel AlbaDirector$51.3M10b5-1Sep 1
HTHTJohn Jiong WuDirector$45.4MOrdinary shares at $4.64Sep 2
MSFTSatya NadellaChief Executive Officer$43.4M10b5-1Sep 1
WDAYDavid A. Duffield10% holder$36.9M10b5-1Sep 1–4
ACTGenworth Holdings, Inc.10% holder$34.0MBlock at $49.40Aug 31
POSTWilliam P. StiritzReporting insider$32.3MOpen market, no planSep 1–2
AGNTGratitude 2022 Trust10% holder$32.0MBlock at $3.68Sep 3
CRWVMichael N. IntratorChief Executive Officer$25.1M10b5-1Sep 1
STXWilliam D. MosleyChief Executive Officer$24.5M10b5-1Sep 1

Source data is public SEC Form 4 filings collected by AlphaAI, covering transactions dated August 31 through September 6, 2026. Transactions are grouped into events by filing, issuer and ownership form, so a sale executed in many tranches under one filing counts once rather than inflating the count. Purchases are P-code transactions, disposals are S and D codes. Event groups summing above $1 billion are excluded, because at that size the row is almost always a merger, tender or reorganisation rather than a discretionary trade, and no event hit that cap this week. Where several related filers report the same block, only one copy is counted: filings are collapsed when the ticker, date, transaction code, security title, share count and value all match, keeping the direct holder's filing where there is one. That correction removed $36.1 million across twenty-three groups on the sell side and $0.5 million across four on the buy side, a quiet week for this class by recent standards, with the largest single groups at Cactus, Super Micro Computer and Amalgamated Financial. Prior weeks are restated on the same basis for comparison, so the $2.10 billion shown here for the week of August 24 is that issue's figure with co-filed blocks counted once. One transfer is removed from both sides of this report: a PAMT Corp director filed a sale of 3,268,000 shares and a purchase of the same 3,268,000 shares at the same price in a single Form 4, moving stock between his own direct and indirect holdings, and counting it would have added $31.2 million to both buying and selling. D-code dispositions that pay insiders in a completed takeover are left in the disposal total because they are real dispositions, but they are named and quantified in the text, because they are not decisions to sell: this week they are the Vertex acquisition of Crinetics at $85.00 a share and the Apogee Therapeutics merger at $135.11, $394.8 million together. Deal cash-outs of this kind appear in most weeks we measure and their size varies enormously, so a week to week comparison of the raw sell total without them is misleading in both directions. Activity filed under 10b5-1 plans is split out, because those trades are scheduled months ahead and say nothing about what a seller thinks now. Roles come from the officer, director and 10 percent holder flags on the filing itself, and titles are used only where the filing supplies one, which is why some large sellers appear as reporting insiders rather than by office. Instruments are not blended: Liberty Latin America preference shares and Class A common shares are shown as separate rows, and values are shares multiplied by the reported price with no currency normalisation, so H World's ordinary shares are stated as filed rather than converted to the ADR. The recent median sell to buy ratio covers the twenty-six preceding weeks that each had more than $10 million of reported buying, and those weeks ranged from 0.9 to 42.2, so a single week's ratio should be read against that spread rather than on its own. Filing coverage matured over the first half of 2026, so week to week comparisons are more reliable than comparisons with the spring. Labor Day pushed the two-business-day filing deadline for Friday September 4 transactions to Wednesday September 9, and this window was pulled on September 10, after that deadline closed and after the overnight batch had landed. On the four most recent settled weeks, filings arriving after the equivalent point added 0.6% to 1.3% of the filing count and no more than 0.7% of the value. This is a readout of public filings and not investment advice.

Sources: SEC EDGAR Form 4 filings

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