PAYM - Insider Trading and Holdings Disclosure
Elevation Series Trust - TrueShares S&P Autocallable Defensive Income ETF (PAYM) operates in the Financial Services sector, specifically the Asset Management - Income industry, with a market capitalization near $246.7M, listed on CBOE, carrying a beta of 1.55 to the broader market. PAYM aims to provide moderate monthly income with some downside protection, however, investors face loss of principal if the equity index falls sharply. Led by Jay Pestrichelli, public since 2025-12-30.
Elevation Series Trust - TrueShares S&P Autocallable Defensive Income ETF (PAYM) is an exchange-traded fund rather than an operating company, so the Section 16 insider-trading rules that produce Form 3/4/5 filings on equity tickers do not apply. ETFs do not have corporate officers, directors, or 10% shareholders in the registrant sense; the relevant disclosure surface for an ETF is its holdings schedule and the sponsor's investment-company filings.
- Exchange
- CBOE
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Market Cap
- $246.7M
- IPO Date
- 2025-12-30
- CEO
- Jay Pestrichelli
- Beta
- 1.55
What Disclosures Apply to PAYM as an ETF?
Registered ETFs disclose at the fund level via the N-1A (open-end) or N-2 (closed-end) prospectus, N-CSR and N-CSRS shareholder reports with audited or reviewed financials, N-PX annual proxy-voting records, and N-CEN annual census filings, all searchable through SEC EDGAR. Many ETFs additionally publish daily holdings on the sponsor's website; index-tracking funds rebalance against published index methodology rather than discretionary insider activity.
How ETF Holdings Affect Options Pricing
For options traders, the analog to insider-trading on equity tickers is the constituent-level news and earnings flow for the top holdings. Concentration risk in a thematic or sector ETF means a small number of constituents drive most of the price action and most of the implied-volatility surface. Single-name catalysts (earnings, M&A, regulatory rulings) on top holdings flow through to the ETF's implied volatility, skew, and dealer gamma profile. Pair the PAYM volatility skew and gamma exposure with the per-constituent news cycle to see how single-name flow propagates into the fund's options chain.
Learn how insider trading is reported and how to read the data →
Frequently asked PAYM insider trading questions
- Does PAYM have corporate insiders to track?
- Elevation Series Trust - TrueShares S&P Autocallable Defensive Income ETF (PAYM) is an exchange-traded fund, so the Section 16 insider-trading rules that produce Form 3, 4, and 5 filings on equity tickers do not apply. ETFs do not have corporate officers, directors, or 10% beneficial-owner shareholders in the registrant sense. The relevant disclosure surface for an ETF is its holdings schedule and the sponsor's investment-company filings on SEC EDGAR.
- What disclosures does PAYM make at the fund level?
- Registered ETFs disclose at the fund level via the N-1A (open-end) or N-2 (closed-end) prospectus with subsequent 485 updates, N-CSR and N-CSRS semi-annual and annual shareholder reports with audited or reviewed financials, N-PX annual proxy-voting records, and N-CEN annual census filings, all searchable through SEC EDGAR. Many ETFs additionally publish daily holdings on the sponsor's website; index-tracking funds rebalance against published index methodology rather than discretionary insider activity.
- How does constituent-level news flow through PAYM?
- For options traders, the analog to insider-trading on equity tickers is the constituent-level news and earnings flow for the top holdings. Concentration risk in a thematic or sector ETF means a small number of constituents drive most of the price action and most of the implied-volatility surface. Single-name catalysts (earnings, M&A, regulatory rulings) on top holdings flow through to the ETF's implied volatility, skew, and dealer gamma profile.
- Where can I find PAYM holdings and AP activity?
- Daily holdings are typically published on the sponsor's website for transparent ETFs; full-year audited holdings appear in the N-CSR shareholder report. Authorized-participant creation and redemption baskets are not disclosed at the individual-AP level, but aggregate creation and redemption activity is observable through fund-level share-count changes reported in the daily NAV file and quarterly Form 13F filings of large institutional holders that include the ETF in their portfolios.