Welcome to HotCopper’s Director Trades column, where we take a look at all the most interesting director transactions from across the past week and break down the details. This week, we’ll look at September 12-18.
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Directors legally have five business days to notify the ASX of their trades, so some transactions may be recorded after this article was written and published.
1. Sayona Mining
The first move on our list came just a few days ago, with Sayona Mining (ASX:SYA) non-executive director Allan Buckler transferring $216 million in shares. The company was worth $2.62/sh when he made the off-market trades.
Sayona just recently had its blockbuster merger with Piedmont Lithium (ASX:PLL) approved and has been around +20% higher since all that went through.
Mr Buckler has been with Sayona for a dozen years in a non-executive capacity, and now carries zero direct shares. He still holds 112M indirect options. He also carries around 35M shares in Morella (ASX:1MC).
2. Mader Group
Craig Burton was another director who made a big move this week, selling three million Mader Group (ASX:MAD) shares in an on-market trade on Friday, September 12. He walked away with around $25.2M for the equities.
Honestly, Mader doesn’t pop up much around the HotCopper offices, but this one was worth a little look for me this Friday arvo. Looking over the last six months, it’s clear Mader makes money and is growing profits, but there has been a bit of insider selling through all of 2024 and 2025 to date.
For those invested in Mader, the thing to note is Mr Burton’s holdings only dropped by around 2.7% with Friday’s sale; likely just freeing up cash.
3. Mesoblast
And finally, the last company rounding out this week’s Director Trades podium is an old darling from the HotCopper forums, Mesoblast (ASX:MSB). This sale came from Gregory George, who was appointed to the medtech’s board a little over six months ago; he picked up $18.9M shares last Thursday.
His purchase came while MSB shares were hovering around $2.20 each and increased his holdings in the company by another 40% – no little buy-up.
Most likely, Mr George liked what he heard from Mesoblast’s attendance at several major healthcare conferences in New York recently, though he could also just be bullish on the stock, considering he’s quite involved.
Catching up
Same name, new trades here for the last one. Last week, we covered Richard White selling $69 million WiseTech Global (ASX:WTC) shares, and well, he’s back again, shipping away another $51.9 million package in his company.
This time around, Mr White shipped 550K shares at $94.23 each – around $4 cheaper than his Week 37 sale – but doesn’t appear to have sold anymore.
That’s this week’s Director Trades – we’ll be back with more next Friday.
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