Will W. Anthony sold 100,000 shares of CF Industries Holdings, Inc. on February 27, 2026 at $99.06 per share, a transaction worth about $9.91 million. The size of the sale stands out for a single insider trade and comes just one week after Anthony sold another 111,890 shares on February 20 for roughly $11.22 million at $100.25 per share. Two large sales in close succession can draw investor attention because they represent a meaningful reduction in an insider’s exposure at around the same price range. Anthony is listed as an “insider,” meaning he has access to non-public information due to his position, though the filing label does not specify whether he is an executive, director, or another reportable holder. Context matters: insider selling can happen for many non-business reasons (taxes, diversification, planned sales), but repeated open-market sales are generally watched more closely than one-off transactions. Anthony’s sales also fit into a broader pattern of insider selling at CF over the past month. Other company leaders reported sales around the same time, including Susan L. Menzel ($713K) and Ashraf K. Malik ($890K) on March 2, plus Richard A. Hoker ($554K) and Linda M. Dempsey ($100K) on February 27. The clustering suggests multiple insiders have been reducing holdings recently rather than adding to them.