Where Data Tells the Story
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Analysis by rentseek.ing of SEC filings from January 1, 2025 through March 31, 2026: named officers sold $46.12B of their own company's stock and bought $2.03B. Sellers outpaced buyers roughly 23 to 1.
The buy side is top-heavy. Elon Musk (Tesla, $999.96M), Stephen Schwarzman (Blackstone, $554.90M), and Dustin Moskovitz (Asana, $142.68M) account for the first three places. After that the ranking drops into the tens of millions: KKR's co-CEOs, GameStop's Ryan Cohen at $32.13M, Fox Corp., and Palo Alto Networks' Nikesh Arora.
The sell side is broader. Amazon leads at $5.76B — Jeff Bezos accounts for nearly all of it. Blackstone's Schwarzman follows at $2.76B, which puts him in the unusual position of being a top-three buyer AND a top-two seller in the same window. KKR, Robinhood, NVIDIA, Palo Alto Networks, Broadcom, Snowflake, Airbnb, and AppLovin round out the top ten.
Officer-level open-market buys (Form 4 code P, acquire A) and sells (code S, dispose D). Excludes tax-withholding and option exercises. The top-10 sellers ranking excludes sales routed through dedicated philanthropy vehicles; Zuckerberg's $944M of Meta Form 4 sells in this window were all effected by the Chan Zuckerberg Initiative.