Key takeaways
- On November 4, 2026, Stephen Squeri, the chairman and CEO of American Express (NYSE:AXP | AXP Price Prediction), exercised 299,401 stock options at $148.45 each.
- On the following day, tech stocks fell sharply, and the Nasdaq Composite lost about $2.5 trillion in market value.
A nine-figure stock sale landed one day before a $2.5 trillion tech rout, and the timing looks damning. The filing details, a precedent from earlier years, and one unchecked box on the form complicate the story.
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