A flurry of stock sales were made in names such as Circle Internet Group and Zillow Group last week as company executives and other corporate insiders offloaded their shares. Insider selling is followed by traders who expect the activity could point to deeper troubles at a company, though the motivations can vary. VerityData tracks the information, which is confirmed against the original Securities and Exchange Commission filings. The list excludes filings where the disclosure explicitly says the sale was conducted pursuant to preplanned 10b5-1 trading plans. Instead, the focus is on discretionary activity. Here are some of the most notable sales from the last week. Circle Internet Group CEO Jeremy Allaire sold 358,000 shares at an average price of $127.08 for a total of $45.5 million, according to regulatory filings . The sale reduced his holdings by 2%, and was made as part of the company’s secondary offering . Circle , one of the earliest companies in the cryptocurrency industry, issues USD Coin, the second largest stablecoin in the world. Circle priced its IPO at $31, and shares shot up 168% on its first day of trading on June 5. Since then, the stock has been highly volatile. The secondary offering put pressure on the stock, and it has fallen more than 20% since it was announced on Aug. 12. Shares are trading 57% …
