Two insiders at Amgen Inc. (AMGN) have sold a significant number of shares, totaling approximately $20.77 million. Esteban Santos, Executive Vice President of Operations, executed two separate transactions on February 26, 2026, selling a combined 54,792 shares.
The first sale comprised 30,501 shares at a price of $379.12 per share, amounting to $11,563,539. Shortly thereafter, Santos sold an additional 24,291 shares at the same price, totaling $9,209,203.
While insider stock sales can be attributed to various personal financial decisions such as tax planning or portfolio diversification, the aggregate value and the involvement of multiple transactions by a senior executive may draw investor attention.