Insider Selling on September 28, 2026: INNV, GTLB and CBRS Lead $414.4M of Sales

Company insiders filed 59 open-market sales worth $414.4M with the SEC on September 28, 2026, across 51 companies. 36 of them (61%) 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 Sep 28

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.

• Singh Ajay (Chief Product Officer) at P sold 42,930 shares at $124.17 ($5.3M), cutting their holding 13%.
• Yan Andrew Y (Director) at QFIN sold 656,700 shares at $7.44 ($4.9M), their entire reported stake.
• Claflin Bruce L. (Director) at CIEN sold 2,857 shares at $355.91 ($1.0M), cutting their holding 26%.
• Saes Edmilson (VP Exec Officer) at BSBR sold 50,000 shares at $5.79 ($290K), cutting their holding 14%.
• Lee Kang Jyh (Director) at PLAB sold 7,500 shares at $29.50 ($221K), cutting their holding 2.1%.
• Corr Paul J (Director) at ESP sold 2,089 shares at $65.67 ($137K), cutting their holding 9.2%.
• Fonseca Dhiren R. (Director) at RENT sold 75,000 shares at $1.70 ($127K), their entire reported stake.
• Cabral Leonardo Mendes (Officer w/o Specific Desig) at BSBR sold 20,000 shares at $5.68 ($114K), cutting their holding 15%.

Biggest stake cuts

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

• von Ahn Luis (President & CEO, Co-Founder, Director, 10% Owner) at DUOL sold 46,682 shares at $150.63 ($7.0M), their entire reported stake.
• Yan Andrew Y (Director) at QFIN sold 656,700 shares at $7.44 ($4.9M), their entire reported stake.
• Blackstone Holdings I L.P. (10% Owner) at APC sold 125,000 shares at $16.40 ($2.1M), their entire reported stake.
• Fonseca Dhiren R. (Director) at RENT sold 75,000 shares at $1.70 ($127K), their entire reported stake.
• Tsao David (Chief Technology Officer, Director) at BLLN sold 3,333 shares at $125.00 ($417K), cutting their holding 77%.
• Wilson Michael W (VP of New Product Development) at RGR sold 600 shares at $41.95 ($25K), cutting their holding 49%.

InnovAge Holding Corp. (INNV)

Tco Group Holdings, L.P. (10% Owner) sold 10,000,000 shares starting Sep 24 at an average $9.25, about $92.5M. That cut their holding 8.9%, leaving 102,576,555 shares. Read the Form 4.

Ignite Aggregator LP (10% Owner) sold 10,000,000 shares starting Sep 24 at an average $9.25, about $92.5M. That cut their holding 8.9%, leaving 102,576,555 shares. Read the Form 4.

INNV last closed at $9.24 on Oct 29, -0.1% from the average sale price. Since Aug 1, InnovAge Holding Corp. insiders filed 0 open-market purchases ($0) and 2 sales ($185.0M). 1 13F filer hold INNV among their 50 largest positions.

Who traded INNV since Aug 1:

• Tco Group Holdings, L.P. (10% Owner): 1 sale of 10,000,000 shares, about $92.5M
• Ignite Aggregator LP (10% Owner): 1 sale of 10,000,000 shares, about $92.5M

See every INNV insider trade.

Gitlab Inc. (GTLB)

Sijbrandij Sytse (Director) sold 2,116,200 shares starting Sep 24 at an average $47.77, about $101.1M. That cut their holding 14.2%, leaving 12,785,851 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

Padisetty Sivaprasad (Chief Technology Officer) sold 51,915 shares on Sep 28 at an average $45.78, about $2.4M. That cut their holding 12.1%, leaving 377,211 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

GTLB last closed at $56.65 on Oct 29, +18.7% from the average sale price. Since Aug 1, Gitlab Inc. insiders filed 0 open-market purchases ($0) and 3 sales ($103.8M). 33 13F filers hold GTLB among their 50 largest positions, including Glen Kacher and Gavin Baker.

Who traded GTLB since Aug 1:

• Sijbrandij Sytse (Director): 1 sale of 2,116,200 shares, about $101.1M
• Padisetty Sivaprasad (Chief Technology Officer): 1 sale of 51,915 shares, about $2.4M
• Mundy Simon (Chief Accounting Officer): 1 sale of 8,725 shares, about $332K

See every GTLB insider trade.

Cerebras Systems Inc. (CBRS)

Lie Sean (Chief Technology Officer) sold 120,000 shares starting Sep 25 at an average $208.97, about $25.1M. That cut their holding 27.9%, leaving 309,569 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

CBRS last closed at $115.16 on Oct 29, -44.9% from the average sale price. Since Aug 1, Cerebras Systems Inc. insiders filed 0 open-market purchases ($0) and 12 sales ($300.0M). 84 13F filers hold CBRS among their 50 largest positions, including Brad Gerstner, Gavin Baker and Philippe Laffont.

Who traded CBRS since Aug 1:

• Lie Sean (Chief Technology Officer): 4 sales of 921,257 shares, about $192.1M
• Feldman Andrew D. (CEO, President, Director): 3 sales of 301,644 shares, about $61.1M
• Vassallo Steven (Director): 2 sales of 100,000 shares, about $21.4M
• Vishria Eric (Director): 1 sale of 68,268 shares, about $15.7M
• Mallick Dhiraj (Chief Operating Officer): 1 sale of 38,889 shares, about $8.6M
• Patel Yagnesh (Chief Accounting Officer): 1 sale of 4,574 shares, about $1.0M

See every CBRS insider trade and which funds own CBRS.

Meta Platforms, Inc. (META)

Zuckerberg Mark (COB and CEO, Director, 10% Owner) sold 27,474 shares starting Sep 24 at an average $777.44, about $21.4M. That cut their holding 2.2%, leaving 1,220,703 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

META last closed at $624.52 on Oct 29, -19.7% from the average sale price. Since Aug 1, Meta Platforms, Inc. insiders filed 0 open-market purchases ($0) and 16 sales ($97.4M). 3,267 13F filers hold META among their 50 largest positions, including Robert Vinall, Nehal Chopra and Bill Ackman. Members of Congress disclosed 37 trades in META over the past year; most recently Gilbert Ray Cisneros, Jr. (D-CA) partly sold $1,001–$15,000 on Aug 20.

Who traded META since Aug 1:

• Cox Christopher K (Chief Product Officer): 3 sales of 80,000 shares, about $55.0M
• Zuckerberg Mark (COB and CEO, Director, 10% Owner): 1 sale of 27,474 shares, about $21.4M
• Li Susan J (Chief Financial Officer): 2 sales of 11,323 shares, about $6.5M
• Olivan Javier (Chief Operating Officer): 4 sales of 10,196 shares, about $6.4M
• Bosworth Andrew (Chief Technology Officer): 1 sale of 7,848 shares, about $4.4M
• Anderson Aaron (Chief Accounting Officer): 1 sale of 3,240 shares, about $2.0M
• Mahoney Curtis J. (Chief Legal Officer): 1 sale of 1,559 shares, about $870K
• Kimmitt Robert M (Director): 1 sale of 500 shares, about $281K

See every META insider trade and which funds own META.

Palo Alto Networks Inc (PANW)

Golechha Dipak (EVP, Chief Financial Officer) sold 27,500 shares starting Sep 24 at an average $391.60, about $10.8M. That cut their holding 18.9%, leaving 117,750 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

Bawa Aparna (Director) sold 260 shares starting Sep 24 at an average $392.69, about $102K. That cut their holding 5.3%, leaving 4,677 shares. Read the Form 4.

PANW last closed at $380.57 on Oct 29, -2.8% from the average sale price. Since Aug 1, Palo Alto Networks Inc insiders filed 0 open-market purchases ($0) and 7 sales ($20.6M). 1,007 13F filers hold PANW among their 50 largest positions, including Gavin Baker, Mairs & Power Funds and Stanley Druckenmiller. Members of Congress disclosed 15 trades in PANW over the past year; most recently Josh Gottheimer (D-NJ) bought $1,001–$15,000 on Jul 16.

Who traded PANW since Aug 1:

• Golechha Dipak (EVP, Chief Financial Officer): 1 sale of 27,500 shares, about $10.8M
• Goetz James J (Director): 1 sale of 20,000 shares, about $7.5M
• Key John P. (Director): 1 sale of 2,500 shares, about $940K
• Bawa Aparna (Director): 2 sales of 1,760 shares, about $664K
• Paul Josh D. (Chief Accounting Officer): 2 sales of 1,800 shares, about $655K

See every PANW insider trade and which funds own PANW.

NetApp, Inc. (NTAP)

Kurian George (CEO, Director) sold 37,000 shares starting Sep 24 at an average $199.95, about $7.4M. That cut their holding 12.1%, leaving 268,537 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

NTAP last closed at $218.42 on Oct 29, +9.2% from the average sale price. Since Aug 1, NetApp, Inc. insiders filed 0 open-market purchases ($0) and 9 sales ($21.1M). 60 13F filers hold NTAP among their 50 largest positions. Members of Congress disclosed 1 trade in NTAP over the past year; most recently John Boozman (R-AR) bought $1,001–$15,000 on Feb 27.

Who traded NTAP since Aug 1:

• Kurian George (CEO, Director): 3 sales of 90,000 shares, about $17.7M
• Ahuja Deepak (Director): 2 sales of 6,976 shares, about $1.4M
• Nevens Thomas Michael (Director): 1 sale of 5,940 shares, about $1.2M
• Cernuda Cesar (President): 1 sale of 2,608 shares, about $533K
• O'Callahan Elizabeth M (EVP, Chief Admin. Officer): 2 sales of 2,000 shares, about $379K

See every NTAP insider trade and which funds own NTAP.

Duolingo, Inc. (DUOL)

von Ahn Luis (President & CEO, Co-Founder, Director, 10% Owner) sold 46,682 shares starting Sep 24 at an average $150.63, about $7.0M. They sold their entire reported stake. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

DUOL last closed at $136.39 on Oct 29, -9.5% from the average sale price. Since Aug 1, Duolingo, Inc. insiders filed 0 open-market purchases ($0) and 8 sales ($21.0M). 23 13F filers hold DUOL among their 50 largest positions, including Alex Sacerdote.

Who traded DUOL since Aug 1:

• von Ahn Luis (President & CEO, Co-Founder, Director, 10% Owner): 3 sales of 115,954 shares, about $17.5M
• Gordon William B (Director): 1 sale of 10,000 shares, about $1.5M
• Chen Stephen C. (General Counsel): 2 sales of 9,096 shares, about $1.3M
• Glance Natalie (Chief Engineering Officer): 1 sale of 4,290 shares, about $567K
• Meese Robert (Chief Business Officer): 1 sale of 1,354 shares, about $175K

See every DUOL insider trade.

BioNTech SE (BNTX)

Sahin Ugur (Chief Executive Officer, 10% Owner) sold 61,000 shares starting Sep 25 at an average $98.57, about $6.0M. That cut their holding 17.9%, leaving 280,209 shares. The trade was made under a Rule 10b5-1 plan set up in advance. Read the Form 4.

BNTX last closed at $89.13 on Oct 29, -9.6% from the average sale price. Since Aug 1, BioNTech SE insiders filed 0 open-market purchases ($0) and 9 sales ($57.2M). 19 13F filers hold BNTX among their 50 largest positions.

See every BNTX insider trade and which funds own BNTX.

Every number here comes from the original Form 4 filings. See all of the day's trades in the Sep 28 insider recap, or screen every Form 4 in the insider screener.