The Nasdaq 100 closed higher by more than 1% during Friday's session. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform.

Williams-Sonoma

The Trade: Williams-Sonoma, Inc. ( WSM ) EVP CHIEF TALENT OFFICER Karalyn Smith sold a total of 11,100 shares at an average price of $134.66. The insider received around $1.5 million from selling those shares.

What's Happening: On Aug. 22, the company reported second-quarter adjusted earnings per share of $1.74, beating the analyst consensus of $1.59.

What Williams-Sonoma Does: With a retail and direct-to-consumer presence, Williams-Sonoma ( WSM ) is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas.

Benzinga Pro's real-time newsfeed alerted to latest WSM news.

Bank of America

The Trade: Bank of America Corporation ( BAC ) 10% owner Warren E Buffett sold a total of 21,076,473 shares at an average price of $40.24. The insider received around $848.2 million from selling those shares.

What's Happening: On Aug. 16, Bank of America ( BAC ) announced redemption of €1.5 billion of floating rate senior notes, due Aug. 24, 2025.

What Bank of America Does: Bank of America ( BAC ) is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.

Benzinga Pro’s charting tool helped identify the trend in BAC stock.

Build-A-Bear Workshop

The Trade: Build-A-Bear Workshop, Inc. ( BBW ) CFO Vojin Todorovic sold a total of 10,294 shares at an average price of $33.37. The insider received around $343,493 from selling those shares.

What's Happening: On Aug. 29, Build-A-Bear Workshop ( BBW ) posted better-than-expected second-quarter financial results.

What Build-A-Bear Workshop Does: Build-A-Bear Workshop Inc ( BBW ) is a U.S.-based specialty retailer of customized stuffed animals and related products.

Benzinga Pro’s signals feature notified of a potential breakout in BBW shares.

VSE Corp

The Trade: VSE Corporation ( VSEC ) 10% owner Calvin Scott Koonce sold a total of 15,300 shares at an average price of $91.83. The insider received around $1.4 million from selling those shares.

What's Happening: On Aug. 20, VSE named Adam Cohn as CFO, effective Sept. 3

What VSE Does: VSE Corp ( VSEC ) is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets.

Benzinga Pro’s Insiders feature was used to track insider trading activity in VSEC’s shares.

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