Insider Doubles Down on Biotech After Selloff

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May 21, 2025

Today's Top Insider Moves That Matter

The market cracked today. It cracked hard. Nearly every sector finished deep in the red, with tech, consumer cyclicals, and healthcare dragging the S&P down. Semiconductors got clipped, big software sold off, and even the banks couldn’t catch a bid. The only real strength? A narrow rally in internet names, just enough green to remind us the screens weren’t broken.

But while Wall Street hit the sell button, insiders were quietly doing the opposite. In industries that got hit hardest, industrials, biotech, and financials, we saw bold buying. Not timid trims or token moves, but real capital at risk. Directors and 10% owners stepped in, averaging down, doubling up, and signaling long-term conviction.

In short: the market flinched, but insiders leaned in. Let’s take a look at who had the guts to buy when everyone else was running for cover.

Biggest Insider Sales

☕ Dutch Bros Inc. $BROS ( ▲ 3.02% ) – Founder Pours Out $86M Worth of Shares

  • Who’s Selling? Travis Boersma (Executive Chairman, 10% owner)

  • What They Sold: 1,236,521 shares at $69.86

  • Total Value: $86.4M

  • Why It Matters: This isn’t a trim, it’s a latte-sized dump. With the founder offloading over 16% of his position, it’s the largest insider cash-out BROS has seen all year.

🚧 Vulcan Materials $VMC ( ▲ 1.0% ) – CEO Digs Out 92% of His Holdings

  • Who’s Selling? J. Thomas Hill (Chairman & CEO)

  • What They Sold: 87,553 shares at $275.30

  • Total Value: $24.1M

  • Why It Matters: A near-total liquidation from the top suggests more than just a routine sale. This kind of move rarely flies under the radar.

⚡ Vistra Corp. $VST ( ▲ 3.14% ) – C-Suite Trims $17M Amid Strong Energy Tailwinds

  • Who’s Selling? Carrie Lee Kirby (EVP, Chief Admin Officer)

  • What They Sold: 108,000 shares at $156.98

  • Total Value: $17.0M

  • Why It Matters: A 33% reduction in personal holdings just as the stock approaches multi-year highs. Strategic timing, or cautious repositioning?

🧠 Rigetti Computing $RGTI ( ▼ 0.25% ) – CEO Fully Exits in $12M Sale

  • Who’s Selling? Subodh Kulkarni (President & CEO)

  • What They Sold: 1,000,000 shares at $12.00

  • Total Value: $12.0M

  • Why It Matters: 100% liquidation from a quantum computing CEO is about as blunt a signal as you’ll get. Caution advised.

💻 Astera Labs $ALAB ( ▲ 3.61% ) – CEO Trims at Peak, But Only Slightly

  • Who’s Selling? Jitendra Mohan (CEO)

  • What They Sold: 128,250 shares at $90.02

  • Total Value: $11.5M

  • Why It Matters: A high-value move, though the -1% drop in ownership implies this is likely profit-taking, not a red flag.

While insider sellers took the spotlight today, buyers weren’t entirely quiet. Let’s turn to the biggest insider purchases, including a rare signal in industrial infrastructure and a hefty bet on biotech.

*Money Mediary is for informational purposes only and should not be considered financial, investment, or legal advice. We analyze publicly available insider trading data to provide insights, but we do not recommend or endorse any specific securities, strategies, or investments. All trading decisions are made at your own risk.

Insider transactions reported in SEC Form 4 filings do not guarantee future stock performance. Past insider activity does not predict future market movements. Always conduct your own research or consult with a licensed financial professional before making investment decisions.

Money Mediary is not affiliated with the SEC, any financial institution, or any insider whose trades are reported. We make no guarantees about the accuracy, completeness, or timeliness of the data presented.

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