Insider trades: Notable buys and sells by significant shareholders, executives and directors
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Igor Kutyaev
A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 23 and September 27, 2024.
• Nvidia (NASDAQ:NVDA) reported recent transactions by its Director, Tench Coxe. As disclosed on September 23, 2024, Coxe sold 1M shares of common stock at a price of $119.27 per share, totaling $119.3M. In another filing disclosed by the company, Coxe sold another 1M shares at $116.47 per share, bringing total to $116.5M. Coxe now holds about 4.9M shares of the company.
• Broadcom (NASDAQ:AVGO) said in a filing that its Chief Executive Officer, Hock E. Tan sold 150,000 common shares at $ 172.94 per share for a total transaction value of about $25.9M. Tan now owns about 1.2M shares.
• On 25th September, Christopher Kempczinski, CEO of McDonald’s (NYSE:MCD), disclosed through two filings that he sold shares of the company. In one, he sold 11,727 shares at a price of $300.03 per share, totaling $3.5M. The second transaction was of 6,629 shares for a price $300 per share for total value of about $2M. The transaction has adjusted CEO’s holdings in the company to 43,256 shares following the sale.
• In a recent transaction, Shantanu Narayen CEO of Adobe Systems (NASDAQ:ADBE), sold 25,000 shares of the company’s common stock at $521.58 per share, resulting in a total sale value of approximately $13M. Following the transaction, Narayen’s direct ownership in the company stands at 357,700 shares.
• Kroger (NYSE:KR) disclosed with SEC on 24th September that its Senior Vice President, Valerie Jabbar sold about 3,000 shares of the company at a price of $ 55.91 per share, totaling $167,730. This brings Jabbar’s total holdings in the company to 74,084 shares.
• In a transaction, Phyllis R. Caldwell, a Director of Oaktree Specialty Lending Corp (NASDAQ:OCSL), expanded his holdings in the company by purchasing its shares. Caldwell acquired 1,000 shares at $16.01 per share for a total of $16,009. Following the transaction, Caldwell’s direct holdings have increased to 13,500 shares.
• NewtekOne (NASDAQ:NEWT) Director Richard Salute purchased 500 common shares of the company, according to a recent SEC filing. The price per share was $11.73 per share, totaling an investment of $5,865. Following the transaction, Salute now owns a total of 33,117 shares in NEWT. The CEO of the company, Barry Sloane, also bought 40,134 shares at $11.75 per share totaling $471,560. The transaction also brings Sloane’s holdings to 1.2M.
• Global Partners (NYSE:GLP) revealed in an SEC filing that its general partner Global GP LLC purchased shares valued at nearly $99,524. The transaction, filed on September 24, 2024, involved Global GP acquiring 2,226 shares of common stock at a weighted average price of $44.71 per share. Following this acquisition, Global Partner’s direct ownership in the company has increased to a total of 268,307 shares.