In the past fortnight there were nearly four dozen directors on the ASX who bought or sold shares in trades above $100,000.

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The most notable big trades from ASX company directors

The most notable big trade from an ASX company director came from Dicker Data (ASX:DDR) boss David Dicker who sold over $42 million in shares earlier this week.

While many sell to pay a tax bill or exercise options, Dicker was very specific about what he’d be spending the money on:

  • Capital expenditure for his latest venture – a sports-car manufacturer
  • A purchase of a Bombardier private bet
  • Trading in the US equity markets

There were two other trades from Dicker directors: Vladimir Mitnovetski who bought $128,000 on market and Fiona Brown who bought $121,520 as part of a dividend reinvestment plan.

The biggest trade came from Xero (ASX:XRO) founder Rod Drury who sold $300 million in a block trade.

Corporate Travel Management (ASX:CTD) managing director Jamie Pherous sold just over $39 million in an on-market trade.

Martin Hosking from Redbubble (ASX:RBL) sold $21 million in an off-market trade – a sale the company said was to “meet financial commitments”.

And Peter Zardo from mineral processor Zeotech (ASX:ZEO) sold just over $2 million in shares in an off-market trade to existing shareholders.

There were a handful of slightly smaller sales which were conducted to fund the exercise of options or a tax bill. One was former CBA boss Ian Narev who parted with $503,840 in shares of Seek (ASX:SEK).

Another was John Cullity of Race Oncology (ASX:RAC) who sold just over $190,000.

 

Biggest buyers

The biggest buyer was Nathan Mitchell of drilling services firm Mitchell Services (ASX:MSV) who bought nearly $2 million in a rights issue. Scott Tumbridge chipped in too, purchasing $753,589.

No less than three other ASX companies also had multiple directors chipping in with big trades.

GME Resources (ASX:GME) directors Peter Sullivan and Peter Huston bought $108,504 and $142,708 in a rights issue. For the record this GME is the microcap explorer, not the US videogame outlet that became one of the first meme stocks at the start of this year.

Bowen Coking Coal (ASX:BCB) directors Blair Sergeant and Matthew Latimore bought $121,912 and $884,516 respectively in a rights issue.

And Total Brain (ASX:TTB) saw David Daglio buy $377,871 and David Torrible buy $342,037.

PointsBet (ASX:PBH) director Brett Paton bought over $1.7 million in his firm’s latest capital raising.

In a similar thematic, Susan Forrester from lotteries business Jumbo Interactive (ASX:JIN) bought just over $140,000 in an on-market trade.

Private equity investor Justin Ryan bought $190,000 in shares of fashion retailer Adore Beauty (ASX:ABY) which he is chairman of.

Other big trades among ASX directors included Lynch Group’s (ASX:LGL) Patrick Elliot who bought $246,630 and Humm’s (ASX:HUM) Andrew Abercrombie who bought $192,997.