GALANTI RICHARD A

Costco EVP Galanti sold 1,416 shares ($1.3M) on 2024-10-24; retains 27.4K shares. Prior COST sales 0% well-timed at 90d; +16.5% cross-ticker avg.

Richard A. Galanti, Executive Vice President of Costco, sold 1,416 shares at $894.68 on 2024-10-24, reducing his holdings to 27,400 shares, a reduction of 4.9% from his prior position. The sale occurred near the stock's 52-week high of $917.08 (current price $893.42 is -2.6% from peak), and comes amid Costco's strong fundamentals: $17.8B quarterly revenue, +5.0% annual growth, and $306.0M net income. However, Galanti's prior timing at Costco is instructive: 0 of his 3 measurable prior COST sales were well-timed at the 90-day mark, with his cross-ticker track record showing a well-timed rate of 0.00% despite an average 90d return of +16.5% (indicating his sales are typically followed by stock appreciation). This sale represents a modest position adjustment rather than a substantial reduction in exposure.

EVP Richard A. Galanti sold 1,000 shares at $868.96 avg (totaling $869.0K), retaining 22.9K shares post-transaction.

Richard A. Galanti, Executive Vice President of Costco Wholesale, conducted two separate sales on August 13 and August 15, 2024, disposing of 1,000 shares for a blended average price of $868.96 (totaling $869.0K). At the time of these transactions, Costco's stock was trading within 1.1% of its 52-week high of $886.85, having appreciated 3.1% over the preceding 30 days and 10.2% over 90 days. Galanti's same-ticker history shows 5 prior sales at Costco, none of which proved well-timed at the 90-day mark (all five posted positive 90-day returns, meaning the stock rose after each sale). The current sale reduces his holdings from 23.9K to 22.9K shares (a 4.2% reduction), and the timing—at near-52-week highs amid a strong recent rally—contrasts with his historical pattern of selling before downturns at this ticker. This transaction occurs against a backdrop of elevated valuation (P/E of 61.87) but does not represent a material reduction in his stake.