Public company insider sells outweighed buys 10-to-1 in August

Corporate insiders at US public companies sold roughly $10 worth of shares for every $1 they bought last month, according to SEC Form 4 filings, making August the worst buy:sell ratio of the year.

Unfortunately, this month’s slightly less abysmal 1:3.6 buy:sell ratio doesn’t put September on track to improve sentiment.

Insiders have been increasingly cashing out as stock prices soar, selling high while everyone else buys high from them.

Indeed, major indices traded within 3% of all-time highs on Friday — right before Anthropic CEO Dario Amodei earned 70 million social media views over the weekend, warning that frontier AI development is moving too fast to safely control, even inside his own company.

As Anthropic increases its probability of doom or “p(doom)” to pitch investors on its next fundraise, tech and AI executives disclosed some of the year’s largest stock sales right before Amodei’s apocalyptic prediction.

Insider selling spree as probability of AI doom rises

Last week, Meta Chief Product Officer Christopher Cox sold $13 million. Joining the selling spree, CrowdStrike CEO George Kurtz sold $4.2 million on September 9 and 10.

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