Domino's Pizza CTO Sells $4 Million Worth of Stock
Kelly E. Garcia, Chief Technology and Data Officer at Domino’s Pizza (NASDAQ:DPZ), sold approximately $4 million worth of stock on July 22, 2026, according to an SEC Form 4 filing. The transaction involved the cashless exercise of options followed by the immediate sale of 12,430 shares at a weighted average price of $322.04 per share. The executive retained about 9,351 shares post-transaction, representing roughly 0.0281% ownership in the company valued at around $2.99 million. The sale marked a significant reduction—about 57%—of Garcia’s direct equity stake and occurred as Domino's stock was near its five-year low. While insider sales are often driven by personal financial decisions, this large-scale transaction raises questions about potential signals for investors. Notably, the timing coincided with Berkshire Hathaway selling off its entire position in Domino’s Pizza.
Tickers: $DPZ
Topics: executive ownership SEC filing stock sale