FB Co-Founder Moskovitz Makes $350 Million ASAN Buy

JC Parets
September 8, 2022

The big insider transaction everyone is talking about this morning isn’t on our list, as there hasn’t been a filing yet.

Last night, during the Asana $ASAN earnings call, the company announced that its founder, Dustin Moskovitz, will be purchasing another $350 million worth of stock via a private placement.

If the name sounds familiar, it’s because Moskovitz is the co-founder of Facebook $FB.

Our largest Form 4 filing today was from Nimish P. Shah of Venrock Healthcare Capital Partners.

Shah reported a purchase of roughly $7.9 million in Tricida $TCDA. This is his ninth Form 4 filing in the last three months.

The CEOs of PVH Corp $PVH and Sorrento Therapeutics $SRNE both filed Form 4s yesterday, reporting purchases in their own stock.

Here’s The Hot List, with data through September 7, 2022:

Director Thomas Sinnickson Gayner revealed the purchase of 500 shares, equivalent to $553,220, in the broadband communications provider Cable One $CABO.

In the options market, there was bullish flow in Pinterest $PINS, Comcast $CMSA, Coca-Cola $KO, and Waste Management $WM.

On the other hand, we saw bearish flow in Apple $AAPL on the heels of its latest product announcement yesterday.

Stay tuned. We'll be back Friday with more insider action.

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All Star Charts Team

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