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BKRBaker Hughes · Insider ownership research

Baker Hughes insiders sold $73.2M in the past 12 months. How much of their stake is that?

About 55% of the shares they held or received (after tax withholding) during the period. The usual measure, against starting holdings alone, can't be used here because most of the shares sold arrived during the period.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 309 of the 311 other companies we can measure (#3 of 312)See ranking
0
buyers among officers and directors, past 12 months
99%
of sales were under disclosed trading plans, past 12 months
7 of 17
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 3, 2026Amerino Gatti had 3.9K shares ($246K) withheld by the company for taxes (not a market sale). That is 16% of the total stake held that day. 9.8K shares came in from vesting or option exercises the same day, so the holding rose by 5.9K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Amerino Gatti
EVP, Oilfield Services & Equip
3,860$63.6416%20KSep 3, 2026Sep 8, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? More than usual: about 2.4x the 5-year average. 7 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Sep 8 for a tax withholding on Sep 3. Amerino Gatti had 3.9K shares withheld by the company for taxes. Filing
57 SEC ownership filings in the period · See the evidence

What stands out

William Beattie sold $1.0M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Feb 3, 2026

Percentages cover 12 of 17 officers and directors. 5 are left out

i
Left out: William Beattie (most holdings were last confirmed in 2023); Gregory Brenneman (most holdings were last confirmed in 2022); Mohsen Sohi, Shirley Edwards and Ilham Kadri (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Lorenzo Simonelli
Chairman, President and CEO, Director
Sold 56% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$54.8MDisclosed plan
Maria Borras
Chief Growth & Experience Ofcr
Sold 90% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$10.5MDisclosed plan
Ahmed Moghal
EVP, Chief Financial Officer
Sold 66% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$2.6MDisclosed plan
James Apostolides
Chief Infra & Performance Ofcr
Sold 71% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$2.4MDisclosed plan
Maria Magno
Chief Legal Officer
Sold 61% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.
$1.4MDisclosed plan
All 7 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNov 2025: $13K under a disclosed planNovDecJanFeb 2026: $7.2M under a disclosed planFeb 2026: $1.0M no plan disclosedFebMar 2026: $36.3M under a disclosed plan$36.3MMarAprMay 2026: $814K under a disclosed planMayJun 2026: $23.9M under a disclosed planJunJul 2026: $4.0M under a disclosed planJulAugSepOct

Common questions

Is the Baker Hughes CEO selling stock?

Yes. Lorenzo Simonelli sold 908K shares ($54.8M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Baker Hughes insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 99% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 1% had no disclosed plan. A trading plan schedules sales in advance.

Are any Baker Hughes insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Baker Hughes insiders sell?

About 55% of the shares they held or received (after tax withholding) during the period. The usual measure, against starting holdings alone, can't be used here because most of the shares sold arrived during the period. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold7 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Lorenzo Simonelli
Chairman, President and CEO, Director
$54.8M
908K shares
56%†
i
† Most of the shares Lorenzo Simonelli sold arrived during the period, so this is shares sold as a share of the 668K held at the start plus the 1.18M received, less 235K withheld by the company for taxes.
Disclosed plan
Maria Borras
Chief Growth & Experience Ofcr
$10.5M
187K shares
90%†
i
† Most of the shares Maria Borras sold arrived during the period, so this is shares sold as a share of the 117K held at the start plus the 145K received, less 55K withheld by the company for taxes.
Disclosed plan
Ahmed Moghal
EVP, Chief Financial Officer
$2.6M
41K shares
66%†
i
† Most of the shares Ahmed Moghal sold arrived during the period, so this is shares sold as a share of the 29K held at the start plus the 54K received, less 21K withheld by the company for taxes.
Disclosed plan
James Apostolides
Chief Infra & Performance Ofcr
$2.4M
38K shares
71%†
i
† Most of the shares James Apostolides sold arrived during the period, so this is shares sold as a share of the 20K held at the start plus the 49K received, less 16K withheld by the company for taxes.
Disclosed plan
Maria Magno
Chief Legal Officer
$1.4M
24K shares
61%†
i
† Most of the shares Maria Magno sold arrived during the period, so this is shares sold as a share of the 22K held at the start plus the 26K received, less 8.5K withheld by the company for taxes.
Disclosed plan
William Beattie
Director
$1.0M
18K shares
i
No percentage: most holdings were last confirmed in 2023.
No plan disclosed
Rebecca Charlton
SVP, Controller & CAO
$498K
8.2K shares
34%†
i
† Most of the shares Rebecca Charlton sold arrived during the period, so this is shares sold as a share of the 12K held at the start plus the 19K received, less 6.8K withheld by the company for taxes.
Disclosed plan
The full ownership picture17 of 17 insiders fully reconciled · 14 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Lorenzo Simonelli
Chairman, President and CEO, Director
668K−908K703Knot meaningful
Vesting, gifts, unvested awards and holding lines for Lorenzo Simonelli
+719Kshares vested or exercised
0gifted (net of own trusts)
−235Kwithheld by the company for taxes
277K → 223Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock667,593703,444
Maria Borras
Chief Growth & Experience Ofcr
117K−187K20Knot meaningful
Vesting, gifts, unvested awards and holding lines for Maria Borras
+45Kshares vested or exercised
0gifted (net of own trusts)
−55Kwithheld by the company for taxes
85K → 66Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock116,64320,035
John Rice
Director
67K067Kno sales
Vesting, gifts, unvested awards and holding lines for John Rice
0shares vested or exercised
0gifted (net of own trusts)
4.8K → 7.6Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock67,31567,315
Sreeganesh Ramaswamy
EVP, Industrial & Energy Tech
41K041Kno sales
Vesting, gifts, unvested awards and holding lines for Sreeganesh Ramaswamy
0shares vested or exercised
0gifted (net of own trusts)
77K → 77Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock40,52040,520
Michael Dumais
Director
37K037Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Dumais
0shares vested or exercised
0gifted (net of own trusts)
4.8K → 7.6Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock36,80736,807
Cynthia Carroll
Director
36K036Kno sales
Vesting, gifts, unvested awards and holding lines for Cynthia Carroll
0shares vested or exercised
0gifted (net of own trusts)
4.8K → 7.6Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock36,27936,279
Ahmed Moghal
EVP, Chief Financial Officer
29K−41K21Knot meaningful
Vesting, gifts, unvested awards and holding lines for Ahmed Moghal
+25Kshares vested or exercised
0gifted (net of own trusts)
−21Kwithheld by the company for taxes
46K → 54Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock16,35420,980
SpouseClass A Common Stock12,9740

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
7,050$36.89Jul 31, 2027$128K
7,992$35.55Jan 22, 2028$156K
6,913$22.98Jan 23, 2029$222K

Estimate: options held × ($55.05 − strike price), using the most recent insider trade price on Form 4 (Jul 1, 2026), not a market close.

Maria Magno
Chief Legal Officer
22K−24K16Knot meaningful
Vesting, gifts, unvested awards and holding lines for Maria Magno
+15Kshares vested or exercised
0gifted (net of own trusts)
−8.5Kwithheld by the company for taxes
33K → 32Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock22,33815,555

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,417$36.89Jul 31, 2027$44K
3,552$35.55Jan 22, 2028$69K
10,047$22.98Jan 23, 2029$322K

Estimate: options held × ($55.05 − strike price), using the most recent insider trade price on Form 4 (Jul 1, 2026), not a market close.

James Apostolides
Chief Infra & Performance Ofcr
20K−38K15Knot meaningful
Vesting, gifts, unvested awards and holding lines for James Apostolides
+25Kshares vested or exercised
0gifted (net of own trusts)
−16Kwithheld by the company for taxes
29K → 27Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock20,34915,449
William Beattie
!
Most of this insider's holdings were last confirmed in 2023. Confirmed in the last three years: 0 shares. Not confirmed since: 13,090 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
18K−18K0see note
Vesting, gifts, unvested awards and holding lines for William Beattie
0shares vested or exercised
0gifted (net of own trusts)
20K → 27Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
Cannonbury Investments LimitedClass A Common Stock17,8700

Additional holdings last reported May 16, 2023, not confirmed since: 13,090 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 153 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Rebecca Charlton
SVP, Controller & CAO
12K−8.2K16Knot meaningful
Vesting, gifts, unvested awards and holding lines for Rebecca Charlton
+19Kshares vested or exercised
0gifted (net of own trusts)
−6.8Kwithheld by the company for taxes
31K → 17Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock11,77215,997
Amerino Gatti
i
Minor difference of 263 shares. Small increase from an employee stock purchase plan. Small increase from an employee stock purchase plan.
EVP, Oilfield Services & Equip
7.6K021Kno sales
Vesting, gifts, unvested awards and holding lines for Amerino Gatti
+19Kshares vested or exercised
0gifted (net of own trusts)
−6.2Kwithheld by the company for taxes
48K → 52Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock7,57620,751

Reconciliation: minor difference of 263 shares. Small increase from an employee stock purchase plan.

Gudaimi Al
Director
5.5K05.5Kno sales
Vesting, gifts, unvested awards and holding lines for Gudaimi Al
0shares vested or exercised
0gifted (net of own trusts)
4.8K → 11Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock5,4535,453
Mohsen Sohi
Director
0010Kno sales
Vesting, gifts, unvested awards and holding lines for Mohsen Sohi
+10Kshares vested or exercised
0gifted (net of own trusts)
25K → 20Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock010,309

17 of 17 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (15 exactly, 2 with a minor or footnoted difference). Percentages cover 12 of 17 officers and directors. Left out: William Beattie (most holdings were last confirmed in 2023); Gregory Brenneman (most holdings were last confirmed in 2022); Mohsen Sohi, Shirley Edwards and Ilham Kadri (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$73.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $73.2M across 1,225,078 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($1.0M), including tax-related sales outside a plan.

No plan disclosed · $1.0M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.0M of it is William Beattie. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: William Beattie, Feb 3, 2026

Taxes

348,356 shares ($20.6M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Lorenzo Simonelli
Chairman, President and CEO, Director
908K$54.8M100%75%Mar 4, 2026 to Jun 22, 2026
Maria Borras
Chief Growth & Experience Ofcr
187K$10.5M100%14%Feb 9, 2026 to Jul 1, 2026
Ahmed Moghal
EVP, Chief Financial Officer
41K$2.6M100%4%Feb 12, 2026 to Jun 15, 2026
James Apostolides
Chief Infra & Performance Ofcr
38K$2.4M100%3%Feb 10, 2026 to May 19, 2026
Maria Magno
Chief Legal Officer
24K$1.4M100%2%Feb 9, 2026 to Mar 11, 2026
William Beattie
Director
18K$1.0M0%1%Feb 3, 2026 to Feb 3, 2026
Rebecca Charlton
SVP, Controller & CAO
8.2K$498K100%0.7%Nov 13, 2025 to Jun 3, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$13K$13K$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$8.2M$7.2M$0$1.0M
Mar 2026$36.3M$36.3M$0$0
Apr 2026$0$0$0$0
May 2026$814K$814K$0$0
Jun 2026$23.9M$23.9M$0$0
Jul 2026$4.0M$4.0M$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 2.4x the 5-year average. 7 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
1.23M7$73.2M
Oct 8, 2025
1 year earlier
872K6$38.6M
Oct 8, 2024
2 years earlier
320K3$11.3M
Oct 9, 2023
3 years earlier
669K8$21.8M
Oct 9, 2022
4 years earlier
622K10$18.8M
Oct 9, 2021
5 years earlier
98K3$2.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

William Beattie: minor difference of 153 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Amerino Gatti: minor difference of 263 shares. Small increase from an employee stock purchase plan.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology558 filings from SEC EDGAR, and how we read them

All 558 Forms 3, 4 and 5 filed for Baker Hughes (SEC CIK 1701605) from Jul 3, 2017 to Sep 8, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 8 filings were left out because Baker Hughes filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (23)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Nancy BueseFeb 25, 202531,802 shares, last reported balance as of Feb 21, 2025
Lynn ElsenhansMay 24, 202488,420 shares, last reported balance as of May 22, 2024
Regina JonesAug 25, 202362,873 shares, last reported balance as of Aug 24, 2023
Nelda ConnorsMay 18, 202330,826 shares, last reported balance as of May 16, 2023
Kurt CamilleriMay 4, 20231,000 shares, last reported balance as of May 2, 2023
Gregory EbelJan 3, 202346,439 shares, last reported balance as of Dec 30, 2022
Rami QasemNov 14, 202232,523 shares, last reported balance as of Nov 11, 2022
Neil SaundersNov 9, 202254,417 shares, last reported balance as of Nov 8, 2022
Michele FiorentinoMay 19, 202211,887 shares, last reported balance as of May 18, 2022
Clarence Cazalot Jr.May 18, 202276,393 shares, last reported balance as of May 16, 2022
GENERAL ELECTRIC COMay 9, 20223,931,363 shares, last reported balance as of May 6, 2022
Roderick ChristieApr 27, 2022184,188 shares, last reported balance as of Apr 26, 2022
Brian WorrellMar 17, 2022130,419 shares, last reported balance as of Mar 15, 2022
Uwem UkpongFeb 1, 202258,922 shares, last reported balance as of Jan 31, 2022
William MarshFeb 5, 202048,791 shares, last reported balance as of Feb 4, 2020
Derek MathiesonJan 28, 2020140,839 shares, last reported balance as of Jan 27, 2020
James MulvaOct 16, 201917,883 shares, last reported balance as of Oct 15, 2019
Martin CraigheadMay 13, 2019514,951 shares, last reported balance as of May 10, 2019
Matthias HeilmannMar 8, 20194,043 shares, last reported balance as of Nov 28, 2018
Larry NicholsAug 3, 201742,564 shares, last reported balance as of Jul 3, 2017
Belgacem ChariagAug 2, 2017144,178 shares, last reported balance as of Jul 3, 2017
Jeffrey ImmeltJul 3, 201710,000 shares, last reported balance as of Jul 3, 2017
Jamie MillerNo balance on record