Information technology insider selling reached approximately $109.8 million across Arista, Workday, CrowdStrike, and Procore.
Insider Trading
July 9, 2026
Table of Contents
July 8, 2026
A cluster of insider stock sales appeared across the information technology sector in the first week of July, with filings showing approximately $109.8 million in reported selling across Arista Networks, CrowdStrike, Workday, and Procore Technologies.
Arista Networks, Inc. (NYSE: ANET) accounted for the largest share of the total, with reported insider and major-holder sales of approximately $83.0 million.
Workday, Inc. (NASDAQ: WDAY) followed with approximately $16.5 million in reported sales, while CrowdStrike Holdings, Inc. (NASDAQ: CRWD) added approximately $9.8 million. Procore Technologies, Inc. (NYSE: PCOR) reported smaller director sales totaling approximately $488,900.
Together, the filings show a concentrated wave of information technology insider selling from July 1 through July 8.
Arista Networks was the largest contributor to the information technology insider-selling total.
Andreas Bechtolsheim, a 10% owner, sold 260,000 shares on July 1 at an average price of $164.22 for approximately $42.7 million. He then sold another 240,000 shares on July 2 at an average price of $162.67 for approximately $39.0 million.
Director Charles H. Giancarlo also sold 8,000 shares on July 1 at an average price of $167.06, valued at approximately $1.3 million.
In total, Arista-related sales reached approximately $83.0 million, representing roughly three-quarters of the sector cluster.
CrowdStrike also appeared in the cluster, with reported sales from CEO George Kurtz and director Sameer K. Gandhi.
Kurtz sold 2,500 shares on July 1 for approximately $1.9 million, 10,000 shares on July 2 for approximately $2.0 million, and another 10,000 shares on July 6 for approximately $2.0 million.
Gandhi sold 5,000 shares on July 1 for approximately $3.9 million.
Together, the CrowdStrike filings added approximately $9.8 million in reported insider selling and brought cybersecurity exposure into the broader information technology cluster.
Workday added another major software name to the group.
The largest reported Workday sale came from 10% owner David A. Duffield, who sold 107,500 shares on July 6 at an average price of $135.24, valued at approximately $14.5 million.
The company also reported smaller sales from senior executives. CFO Zane Rowe sold 6,000 shares for approximately $862,200, President and Chief Commercial Officer Robert Enslin sold 5,374 shares for approximately $725,000, and President of Product and Technology Gerrit S. Kazmaier sold 2,728 shares for approximately $391,800.
Combined, Workday insider sales totaled approximately $16.5 million.
Procore Technologies reported smaller director selling during the same window.
Director Kevin J. O’Connor sold 5,769 shares on July 1 for approximately $241,900 and another 5,769 shares on July 2 for approximately $247,000.
The total Procore sale value was approximately $488,900.
That is much smaller than the Arista, Workday, and CrowdStrike transactions, but it still adds another software-related name to the information technology cluster.
The sector cluster is notable because the selling appeared across multiple technology groups in a short window.
Arista brought AI networking and data-center infrastructure exposure. CrowdStrike added cybersecurity. Workday added enterprise software. Procore added construction software.
That spread makes the activity broader than one company-specific insider sale.
The strongest signal came from Arista, which accounted for most of the total. Workday added another meaningful transaction through a 10% owner sale. CrowdStrike’s CEO and director sales gave the cluster additional weight, even though the dollar amount was smaller.
Large insider sales do not automatically mean executives or major holders are negative on their companies.
These transactions can reflect diversification, liquidity planning, tax planning, estate planning, pre-arranged trading programs, or routine selling after strong stock performance.
The signal becomes more relevant when sales are large, repeated, tied to senior leadership, or appear across several companies in the same sector.
In this case, the cleaner takeaway is that information technology insider selling was concentrated across several high-profile software, cybersecurity, and infrastructure names during the first week of July.
A single insider sale can be easy to dismiss. A cluster across several technology companies can point to a broader pattern of insiders and major holders reducing exposure.
Platforms like LevelFields aggregate insider transactions and flag when activity exceeds key thresholds, helping investors identify when isolated filings become part of a larger ownership trend.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better investor.
AI scans for events proven to impact stock prices, so you don't have to.
LEARN MORE