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TIGO Insider Trading & Form 4 Activity

MILLICOM INTERNATIONAL CELLULAR SA
Last filing: Jul 6, 2026·19 days ago
BEARISH · LAST 90 DAYS
0%
buyers
$0
0 buys
$8.3M
7 sells
-$8.3M
net selling
6
insiders
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ACTIVE SELLING CLUSTER

5 insiders sold a combined $4.4M of TIGO between May 20, 2026 and Jun 1, 2026.

Churchill Bruce, Trevino De Vega Blanca, Dimovic Justine, Arnal Maria Teresa, Escalon Salvador

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Net flow — last 12 months

Monthly net of insider buys minus sells. Green months indicate net buying; red months indicate net selling.

Most active insiders

Ranked by total transaction value over the last 90 days.

INSIDERBOUGHTSOLDNET
Escalon Salvador
Chief Legal & Compliance Off.
$4.4M
-$4.4M
Lesina Karim Antonio
EVP, CEA Officer
$3.8M
-$3.8M
Churchill Bruce
Insider
$21K
-$21K
Trevino De Vega Blanca
Insider
$21K
-$21K
Dimovic Justine
Insider
$21K
-$21K
Arnal Maria Teresa
Insider
$21K
-$21K

Recent transactions

Every Form 4 transaction for TIGO, newest first.

AWARD
Arnal Maria Teresa · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
1,420 sh
SELL
Arnal Maria Teresa · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
284 sh @ $73.92
$21K
AWARD
Churchill Bruce · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
1,420 sh
SELL
Churchill Bruce · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
284 sh @ $73.92
$21K
AWARD
Trevino De Vega Blanca · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
1,420 sh
SELL
Trevino De Vega Blanca · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
284 sh @ $73.92
$21K
AWARD
Dimovic Justine · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
1,420 sh
SELL
Dimovic Justine · Insider
Tx May 20·Filed Jul 6·EDGAR ↗
284 sh @ $73.92
$21K
SELL
Lesina Karim Antonio · EVP, CEA Officer
Tx Jun 11·Filed Jun 15·EDGAR ↗
42,497 sh @ $90.00
$3.8M
SELL
Escalon Salvador · Chief Legal & Compliance Off.
Tx Jun 1·Filed Jun 3·EDGAR ↗
40,788 sh @ $88.52
$3.6M
SELL
Escalon Salvador · Chief Legal & Compliance Off.
Tx Jun 1·Filed Jun 3·EDGAR ↗
8,500 sh @ $88.49
$752K

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About TIGO insider trading data

Form 4 is the SEC filing required when an officer, director, or 10% owner of a public company buys or sells the company's stock. By law, these filings must be submitted within two business days of the trade. Tracenotes pulls every Form 4 filing for TIGO from EDGAR, parses it, and surfaces the activity on this page.

What insider buying tells you. Open-market purchases by insiders are widely studied as a meaningful signal. Unlike stock awards (which are compensation, not conviction), an executive spending their own money to buy shares of the company they run is a vote of confidence. Studies have found insider-buying clusters — three or more insiders buying within a short window — outperform the broader market over the following year.

What insider selling tells you. Selling is noisier. Many sales are pre-scheduled under SEC Rule 10b5-1 plans, which let insiders sell on a fixed schedule regardless of company news. We label these "10b5-1" so you can see them. Discretionary sales — sales not tied to a plan — are more meaningful, especially when multiple insiders sell in quick succession.

Tracenotes methodology. We scan EDGAR daily for new Form 4 filings, parse them into individual transactions, and detect clusters when three or more distinct insiders buy or sell within a 14-day window. The data on this page covers the last 12 months. For deeper analysis, Tracenotes also runs language-change detection on 10-K and 10-Q filings — that's our core product.

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company's stock. By law these filings must be submitted within two business days of the trade.

Is insider buying TIGO always bullish?

Open-market purchases by insiders are widely viewed as a bullish signal because executives are spending their own money. Stock awards and option exercises are part of compensation and don't carry the same weight, which is why we treat them separately on this page.

What is a 10b5-1 trade?

A trade made under SEC Rule 10b5-1, which lets insiders pre-schedule sales weeks or months in advance. These sales execute on a fixed plan regardless of company news, so they're a weaker signal than discretionary sales. We label them with a "10b5-1" tag.

What is an insider cluster?

A cluster is when three or more distinct insiders buy or sell within a 14-day window. Clusters are studied as stronger signals than single trades because multiple people independently reach the same view. We surface active clusters on MILLICOM INTERNATIONAL CELLULAR SA (TIGO) when they form.

Where does TIGO insider trading data come from?

Every Form 4 filing for TIGO is sourced directly from SEC EDGAR. Tracenotes scans EDGAR daily, parses each Form 4 into individual transactions, and updates this page within hours of new filings.

Nothing on this page constitutes investment advice. Form 4 data is sourced from SEC EDGAR and provided for research purposes only.

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