Insider Selling on October 22, 2026: BRZE, BROS and TRV Lead $95.5M of Sales

Company insiders filed 70 open-market sales worth $95.5M with the SEC on October 22, 2026, across 60 companies. 46 of them (66%) were made under Rule 10b5-1 plans set up months in advance, which makes a sale less telling. Below are the largest, with what each insider owns now, how the stock has moved since, and each company's insider trading over the past 90 days.

The 15 largest insider sales filed Oct 22

Unscheduled sales

The largest sales made outside Rule 10b5-1 plans by officers and directors rather than 10% owners. These are the sales worth reading.

• Olivo Maria (EVP, ERM & Chief Risk Officer) at TRV sold 15,100 shares at $398.44 ($6.0M), cutting their holding 13%.
• Klein Michael Frederick (EVP & President, Personal Ins.) at TRV sold 7,500 shares at $392.79 ($2.9M), cutting their holding 14%.
• Giamatteo John Joseph (CEO & President, Secure Comm., Director) at BB sold 250,000 shares at $9.14 ($2.3M), cutting their holding 32%.
• Sekido Ryoji (Co-CEO Asia Pacific) at ACN sold 5,844 shares at $244.84 ($1.4M), cutting their holding 83%.
• Polk Dennis (Chair, Hyve Solutions, Director) at SNX sold 3,955 shares at $251.27 ($994K), cutting their holding 16%.
• Patterson Kathleen L. (Chief HR & Corp Citizenship) at ALLY sold 12,831 shares at $38.65 ($496K), cutting their holding 16%.
• Lord Ellen M. (Director) at AIR sold 4,241 shares at $100.24 ($425K), cutting their holding 29%.
• Gepsman Martin J (Director) at CME sold 400 shares at $302.50 ($121K), cutting their holding 1.6%.

Biggest stake cuts

The sales that shrank an insider's holding the most, in percent.

• Larson Matthew Paul (Chief Risk Officer) at SLDE sold 2,600 shares at $27.53 ($72K), their entire reported stake.
• Bank Of America Corp /De/ (10% Owner) at DSM sold 200 shares at $5.31 ($1K), their entire reported stake.
• Bank Of America Corp /De/ (10% Owner) at LEO sold 183 shares at $5.71 ($1K), their entire reported stake.
• Bank Of America Corp /De/ (10% Owner) at NMS sold 100 shares at $10.21 ($1K), their entire reported stake.
• Bank Of America Corp /De/ (10% Owner) at NMCO sold 111 shares at $8.76 ($973), their entire reported stake.
• Bank Of America Corp /De/ (10% Owner) at VKI sold 105 shares at $8.20 ($860), their entire reported stake.

Braze, Inc. (BRZE)

Hyman Jonathan (Chief Technology Officer) sold 295,000 shares starting Oct 15 at an average $44.81, about $13.2M. That cut their holding 25.8%, leaving 848,219 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

BRZE last closed at $45.80 on Oct 29, +2.2% from the average sale price. Since Aug 1, Braze, Inc. insiders filed 0 open-market purchases ($0) and 9 sales ($19.3M). 10 13F filers hold BRZE among their 50 largest positions, including Dennis Hong.

Who traded BRZE since Aug 1:

• Hyman Jonathan (Chief Technology Officer): 6 sales of 419,456 shares, about $17.0M
• Malik Astha (Chief Business Officer): 2 sales of 49,380 shares, about $1.4M
• McDonnell Edward M. (Chief Revenue Officer): 1 sale of 29,732 shares, about $933K

See every BRZE insider trade and which funds own BRZE.

Dutch Bros Inc. (BROS)

Boersma Travis (Executive Chairman of Board, Director, 10% Owner) sold 145,687 shares starting Oct 20 at an average $44.01, about $6.4M. That cut their holding 5.8%, leaving 2,360,091 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

DM Trust Aggregator, LLC (10% Owner) sold 94,978 shares starting Oct 20 at an average $44.01, about $4.2M. That cut their holding 2.1%, leaving 4,419,652 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

DM Individual Aggregator, LLC (10% Owner) sold 50,709 shares starting Oct 20 at an average $44.01, about $2.2M. That cut their holding 2.1%, leaving 2,360,091 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

BROS last closed at $43.98 on Oct 29, -0.1% from the average sale price. Since Aug 1, Dutch Bros Inc. insiders filed 1 open-market purchase ($103K) and 3 sales ($12.8M). 32 13F filers hold BROS among their 50 largest positions.

Who traded BROS since Aug 1:

• Boersma Travis (Executive Chairman of Board, Director, 10% Owner): 1 sale of 145,687 shares, about $6.4M
• DM Trust Aggregator, LLC (10% Owner): 1 sale of 94,978 shares, about $4.2M
• DM Individual Aggregator, LLC (10% Owner): 1 sale of 50,709 shares, about $2.2M
• Penegor Todd Allan (Director): 1 purchase of 2,000 shares, about $103K

See every BROS insider trade.

Travelers Companies, Inc. (TRV)

Olivo Maria (EVP, ERM & Chief Risk Officer) sold 15,100 shares starting Oct 21 at an average $398.44, about $6.0M. That cut their holding 12.7%, leaving 103,642 shares. Read the Form 4.

Klein Michael Frederick (EVP & President, Personal Ins.) sold 7,500 shares starting Oct 20 at an average $392.79, about $2.9M. That cut their holding 14.3%, leaving 45,125 shares. Read the Form 4.

TRV last closed at $398.27 on Oct 29, +0.4% from the average sale price. Since Aug 1, Travelers Companies, Inc. insiders filed 0 open-market purchases ($0) and 3 sales ($11.2M). 180 13F filers hold TRV among their 50 largest positions, including Christopher Bloomstran, Muhlenkamp and Mairs & Power Funds. Members of Congress disclosed 4 trades in TRV over the past year; most recently John Boozman (R-AR) sold $1,001–$15,000 on Jul 2.

Who traded TRV since Aug 1:

• Olivo Maria (EVP, ERM & Chief Risk Officer): 2 sales of 21,100 shares, about $8.2M
• Klein Michael Frederick (EVP & President, Personal Ins.): 1 sale of 7,500 shares, about $2.9M

See every TRV insider trade and which funds own TRV.

Lindblad Expeditions Holdings, Inc. (LIND)

Lindblad Sven-Olof (Director, 10% Owner) sold 240,989 shares starting Oct 20 at an average $35.85, about $8.6M. That cut their holding 2.3%, leaving 10,283,528 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

LIND last closed at $37.38 on Oct 29, +4.3% from the average sale price. Since Aug 1, Lindblad Expeditions Holdings, Inc. insiders filed 0 open-market purchases ($0) and 2 sales ($14.3M). 10 13F filers hold LIND among their 50 largest positions, including John Rogers.

See every LIND insider trade and which funds own LIND.

Arista Networks, Inc. (ANET)

Duda Kenneth (President and CTO, Director) sold 43,333 shares starting Oct 20 at an average $180.91, about $7.8M. That cut their holding 77.0%, leaving 12,976 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

ANET last closed at $184.22 on Oct 29, +1.8% from the average sale price. Since Aug 1, Arista Networks, Inc. insiders filed 0 open-market purchases ($0) and 22 sales ($799.1M). 495 13F filers hold ANET among their 50 largest positions, including Francois Rochon, Steve Cohen and Cliff Asness. Members of Congress disclosed 10 trades in ANET over the past year; most recently Alan Armstrong (R-OK) bought $1,001–$15,000 on Mar 27.

Who traded ANET since Aug 1:

• Ullal Jayshree (CEO and Chairperson, Director): 9 sales of 2,465,344 shares, about $509.6M
• Bechtolsheim Andreas (10% Owner): 4 sales of 1,311,848 shares, about $260.8M
• Duda Kenneth (President and CTO, Director): 3 sales of 129,999 shares, about $24.7M
• Templeton Mark B (Director): 2 sales of 10,000 shares, about $2.0M
• Giancarlo Charles H (Director): 1 sale of 8,000 shares, about $1.4M
• Breithaupt Chantelle Yvette (Senior Vice President, CFO): 2 sales of 1,836 shares, about $383K
• Battles Kelly Bodnar (Director): 1 sale of 422 shares, about $79K

See every ANET insider trade and which funds own ANET.

Roivant Sciences Ltd. (ROIV)

Venker Eric (President & Immunovant CEO) sold 200,000 shares starting Oct 20 at an average $35.11, about $7.0M. That cut their holding 12.5%, leaving 1,399,154 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

ROIV last closed at $37.52 on Oct 29, +6.9% from the average sale price. Since Aug 1, Roivant Sciences Ltd. insiders filed 0 open-market purchases ($0) and 9 sales ($59.9M). 46 13F filers hold ROIV among their 50 largest positions, including David Einhorn and Lee Ainslie. Members of Congress disclosed 3 trades in ROIV over the past year; most recently Lisa C. McClain (R-MI) sold $1,001–$15,000 on Oct 30.

Who traded ROIV since Aug 1:

• Sukhatme Mayukh (President & CIO, Director): 2 sales of 1,000,000 shares, about $36.5M
• Venker Eric (President & Immunovant CEO): 3 sales of 600,000 shares, about $21.5M
• Fitzgerald Meghan (Director): 2 sales of 25,112 shares, about $1.0M
• Epperly Melissa B, (Director): 2 sales of 22,688 shares, about $837K

See every ROIV insider trade and which funds own ROIV.

UNITED THERAPEUTICS Corp (UTHR)

Rothblatt Martine A (Chairperson & CEO, Director) sold 9,500 shares starting Oct 21 at an average $560.07, about $5.3M. That cut their holding 2.8%, leaving 324,443 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

UTHR last closed at $593.54 on Oct 29, +6.0% from the average sale price. Since Aug 1, UNITED THERAPEUTICS Corp insiders filed 0 open-market purchases ($0) and 66 sales ($311.0M). 78 13F filers hold UTHR among their 50 largest positions, including Jim Simons. Members of Congress disclosed 3 trades in UTHR over the past year; most recently Lisa C. McClain (R-MI) bought $1,001–$15,000 on Oct 30.

Who traded UTHR since Aug 1:

• Rothblatt Martine A (Chairperson & CEO, Director): 59 sales of 551,000 shares, about $284.9M
• Mahon Paul A (EVP & GENERAL COUNSEL): 6 sales of 49,800 shares, about $26.0M
• Mesa Nilda (Director): 1 sale of 228 shares, about $115K

See every UTHR insider trade.

Credo Technology Group Holding Ltd (CRDO)

Cheng Chi Fung (Chief Technology Officer, Director) sold 27,500 shares starting Oct 20 at an average $172.62, about $4.7M. That cut their holding 0.5%, leaving 5,579,897 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

CRDO last closed at $165.29 on Oct 29, -4.2% from the average sale price. Since Aug 1, Credo Technology Group Holding Ltd insiders filed 0 open-market purchases ($0) and 18 sales ($105.7M). 131 13F filers hold CRDO among their 50 largest positions, including Gavin Baker, Steve Cohen and Duan Yongping. Members of Congress disclosed 7 trades in CRDO over the past year; most recently Gilbert Ray Cisneros, Jr. (D-CA) sold $1,001–$15,000 on Jul 2.

Who traded CRDO since Aug 1:

• Lam Yat Tung (Chief Operating Officer, Director): 3 sales of 255,441 shares, about $53.4M
• Cheng Chi Fung (Chief Technology Officer, Director): 9 sales of 227,553 shares, about $43.0M
• Brennan William Joseph (Pres & Chief Executive Officer, Director): 2 sales of 33,338 shares, about $5.4M
• Laufman James (Chief Legal Officer, Secretary): 2 sales of 10,000 shares, about $1.9M
• Fleming Daniel W. (Chief Financial Officer): 1 sale of 7,580 shares, about $1.6M
• Sutardja, Pantas (Director): 1 sale of 1,540 shares, about $327K

See every CRDO insider trade and which funds own CRDO.

Every number here comes from the original Form 4 filings. See all of the day's trades in the Oct 22 insider recap, or screen every Form 4 in the insider screener.