Insider Activity: The Latest Insider Buying and Selling
Insider transactions in the US-listed companies we cover, as their officers, directors and 10% owners report them to the SEC on Forms 3, 4 and 5, newest first. The list is read each business day, and the purchases and sales (codes P and S, made on the open market or privately) of the last day, week or month are totalled, with the companies that saw the most dollar volume on each side.
What This Page Shows
Each row is one line of a filing: the date it was filed, the company, the insider and their role, what the transaction was, the number of shares and the price, the value of the trade, the shares the insider holds after it, and a link to the filing on EDGAR. One Form 4 often has several lines: a sale executed in several lots, or an option exercise followed by the sale of the shares it delivered.
Reading the Transaction Types
- Purchase: shares bought in the open market or privately with the insider's own money.
- Sale: shares sold in the open market or privately.
- Award: shares or options granted as compensation.
- Option exercise: options converted into shares at their exercise price.
- Tax or exercise payment: shares handed back to the company to pay an exercise price or the tax due on shares that vested.
- Gift: shares given away, often to family trusts or charities.
Only purchases and sales are totalled. A line for another security (preferred shares, warrants, options, notes, units or rights) or reported at a price more than 1.5 times away from the stock's close that day is listed but not valued, since its price is not a price for the listed shares. A line whose filing names an issuer we cannot confirm as the company is marked and left out of the totals.
Why Insider Buying Draws More Attention Than Selling
Insiders sell for many reasons: diversification, taxes, a home, or a trading plan set up months in advance under Rule 10b5-1. They buy in the open market for essentially one: they expect the stock to rise. Purchases by several insiders of the same company within a few days are the pattern most often followed. For options traders the flow is context rather than a signal on its own: heavy buying after a drop, or selling into a rally, says how the people closest to the business see its price.