Large Insider Purchases
Institutional-Scale SEC Form 4 Buy Signals
The Signal of $1M+ Conviction
When a corporate executive invests more than $1,000,000 of their own capital into company shares, it represents the highest level of conviction. These seven-figure purchases reflect management's belief in the company's future value.
| Filing Date | Trade Date | Ticker | Company Name | Reporting Person | Relationship | Industry | Type | Price | Qty | Total, $ | Owned After | Change, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-05-13 20:26 | 2022-05-10 | VFL | abrdn National Municipal Income Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $11.44 | 200,178 | $2,289,636 | 3,121,069 | +6.9% |
| 2022-05-13 23:05 | 2022-05-11 | TAKAX | N/A | Apollo Management Holdings GP, LLC | 10% owner | Other | BUY | $25.00 | 920,000 | $23,000,000 | 320,000 | +100.0% |
| 2022-05-14 00:30 | 2022-05-11 | NGM | N/A | COLUMN GROUP L P | Director, 10% owner | Other | BUY | $11.43 | 166,350 | $1,902,029 | 37,308 | +100.0% |
| 2022-05-13 23:16 | 2022-05-12 | MS | MORGAN STANLEY | LUCZO STEPHEN J | Director | Security Brokers, Dealers & Flotation Companies | BUY | $79.30 | 25,000 | $1,982,425 | 179,449 | +16.2% |
| 2022-05-14 00:09 | 2022-05-13 | RILY | BRC Group Holdings, Inc. | RILEY BRYANT R | Director, Officer - Chairman and Co-CEO | Investment Advice | BUY | $48.30 | 50,000 | $2,414,860 | 5,839,609 | +0.9% |
| 2022-05-13 19:25 | 2022-05-12 | BW | Babcock & Wilcox Enterprises, Inc. | B. Riley Financial, Inc. | Director, 10% owner | Heating Equipment, Except Electric & Warm Air Furnaces | BUY | $5.71 | 200,000 | $1,142,320 | 11,531,099 | +1.8% |
| 2022-05-13 23:47 | 2022-05-11 | KAR | OPENLANE, Inc. | HALLETT JAMES P | Director, Officer - Executive Chairman | Retail-Auto Dealers & Gasoline Stations | BUY | $13.15 | 100,000 | $1,315,000 | 626,142 | +19.0% |
| 2022-05-14 00:27 | 2022-05-11 | NGM | N/A | GOEDDEL DAVID V | Director, 10% owner | Other | BUY | $11.43 | 166,350 | $1,902,029 | 37,308 | +100.0% |
| 2022-05-14 02:24 | 2022-05-11 | DS | N/A | EDENS WESLEY R | Director, 10% owner | Other | BUY | $1.14 | 2,000,000 | $2,271,000 | 4,847,728 | +70.2% |
| 2022-05-13 23:55 | 2022-05-12 | ICUI | ICU MEDICAL INC/DE | LOPEZ GEORGE A | Director | Surgical & Medical Instruments & Apparatus | BUY | $172.91 | 25,835 | $4,467,256 | 281,444 | +10.1% |
| 2022-05-13 01:24 | 2022-05-10 | SBUX | STARBUCKS CORP | SCHULTZ HOWARD D | Director, Officer - interim ceo | Retail-Eating & Drinking Places | BUY | $72.67 | 137,500 | $9,991,685 | 19,534,460 | +0.7% |
| 2022-05-13 01:17 | 2022-05-10 | STGW | Stagwell Inc | Samaha Eli | Director | Services-Advertising Agencies | BUY | $6.90 | 644,452 | $4,449,425 | 6,397,662 | +11.2% |
| 2022-05-12 17:15 | 2022-05-11 | TAKAX | N/A | THRIVENT FINANCIAL FOR LUTHERANS | 10% owner | Other | BUY | $25.00 | 880,000 | $22,000,000 | 320,000 | +100.0% |
| 2022-05-12 23:34 | 2022-05-10 | SXT | SENSIENT TECHNOLOGIES CORP | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $83.28 | 43,230 | $3,600,151 | 5,992,109 | +0.7% |
| 2022-05-13 01:44 | 2022-05-10 | GTLB | Gitlab Inc. | GV 2021 GP, L.L.C. | Other | Services-Prepackaged Software | BUY | $34.66 | 331,783 | $11,500,727 | 555,831 | +148.1% |
| 2022-05-12 13:50 | 2022-05-11 | OPK | OPKO HEALTH, INC. | FROST PHILLIP MD ET AL | Director, Officer, 10% owner - CEO & Chairman | Pharmaceutical Preparations | BUY | $2.83 | 400,000 | $1,132,400 | 195,556,694 | +0.2% |
| 2022-05-13 00:17 | 2022-05-10 | APPN | Appian Corporation | Abdiel Capital Management, LLC | 10% owner | Services-Prepackaged Software | BUY | $56.89 | 650,000 | $36,976,615 | 7,650,034 | +9.3% |
| 2022-05-12 21:05 | 2022-05-10 | VRAY | N/A | Castelein Caley | Director | Other | BUY | $2.55 | 1,415,000 | $3,601,175 | 1,545,600 | +1,083.5% |
| 2022-05-13 00:20 | 2022-05-10 | NSIT | INSIGHT ENTERPRISES INC | ValueAct Holdings, L.P. | Director, 10% owner, Other | Retail-Catalog & Mail-Order Houses | BUY | $97.80 | 120,000 | $11,736,000 | 3,663,143 | +3.4% |
| 2022-05-13 02:06 | 2022-05-10 | PEPG | PepGen Inc. | RA CAPITAL MANAGEMENT, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $12.00 | 3,229,200 | $38,750,400 | 1,302,600 | +100.0% |
| 2022-05-12 23:09 | 2022-05-11 | SEVN | Seven Hills Realty Trust | PORTNOY ADAM D. | Director, 10% owner | Real Estate Investment Trusts | BUY | $9,469,109.52 | 882,407 | $8,355,608,524,215 | 1,786,937 | +97.6% |
| 2022-05-13 00:28 | 2022-05-10 | RAPT | RAPT Therapeutics, Inc. | COLUMN GROUP II, LP | 10% owner | Pharmaceutical Preparations | BUY | $10.67 | 1,250,000 | $13,339,375 | 41,250 | +100.0% |
| 2022-05-13 01:00 | 2022-05-10 | FLR | FLUOR CORP | HACKETT JAMES T | Director | Heavy Construction Other Than Bldg Const - Contractors | BUY | $25.56 | 40,000 | $1,022,200 | 20,000 | +100.0% |
| 2022-05-12 23:41 | 2022-05-10 | TCRX | TScan Therapeutics, Inc. | BAKER BROS. ADVISORS LP | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $1.88 | 1,359,792 | $2,559,129 | 2,528,583 | +116.3% |
| 2022-05-13 04:33 | 2022-05-10 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | Crude Petroleum & Natural Gas | BUY | $57.32 | 901,774 | $51,690,317 | 143,162,392 | +0.6% |
| 2022-05-13 00:01 | 2022-05-10 | MLCT | RANGE IMPACT, INC. | LoConti Joseph E. | 10% owner | Heavy Construction Other Than Bldg Const - Contractors | BUY | $0.15 | 6,666,667 | $1,000,000 | 12,797,146 | +108.7% |
| 2022-05-11 17:13 | 2022-05-09 | YOU | Clear Secure, Inc. | Durable Capital Partners LP | 10% owner | Services-Prepackaged Software | BUY | $25.23 | 335,129 | $8,454,165 | 11,396,288 | +3.0% |
| 2022-05-12 00:21 | 2022-05-09 | CMPO | GPGI, Inc. | Bleichroeder LP | 10% owner | Finance Services | BUY | $6.81 | 164,801 | $1,122,789 | 2,353,027 | +7.5% |
| 2022-05-11 22:15 | 2022-05-11 | LAZR | Luminar Technologies, Inc./DE | Russell Austin | Director, Officer, 10% owner - Chairperson, President & CEO | Motor Vehicle Parts & Accessories | BUY | $8.65 | 300,000 | $2,595,840 | 755,000 | +65.9% |
| 2022-05-11 23:56 | 2022-05-09 | SXT | SENSIENT TECHNOLOGIES CORP | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $82.07 | 33,394 | $2,740,672 | 5,948,879 | +0.6% |
| 2022-05-12 01:20 | 2022-05-09 | DFIN | Donnelley Financial Solutions, Inc. | Simcoe Capital Management, LLC | 10% owner | Services-Miscellaneous Business Services | BUY | $26.61 | 494,725 | $13,165,523 | 194,183 | +100.0% |
| 2022-05-11 17:12 | 2022-05-09 | DUOL | Duolingo, Inc. | Durable Capital Partners LP | 10% owner | Services-Prepackaged Software | BUY | $75.29 | 136,968 | $10,311,732 | 3,361,913 | +4.2% |
| 2022-05-12 00:49 | 2022-05-09 | GRPN | Groupon, Inc. | Barta Jan | 10% owner, Other | Services-Advertising Agencies | BUY | $14.31 | 1,651,277 | $23,629,444 | 2,260,000 | +271.3% |
| 2022-05-12 00:02 | 2022-05-09 | FRG | N/A | KAHN BRIAN RANDALL | Director, Officer, 10% owner - Chief Executive Officer | Other | BUY | $37.50 | 100,000 | $3,750,000 | 8,864,610 | +1.1% |
| 2022-05-12 02:06 | 2022-05-09 | DFIN | Donnelley Financial Solutions, Inc. | Jacobowitz Jeffrey | Director, 10% owner | Services-Miscellaneous Business Services | BUY | $26.60 | 494,725 | $13,157,953 | 3,794,725 | +15.0% |
| 2022-05-12 00:39 | 2022-05-09 | JYNT | JOINT Corp | Bandera Partners LLC | 10% owner | Patent Owners & Lessors | BUY | $15.95 | 232,815 | $3,714,284 | 2,082,888 | +12.6% |
| 2022-05-11 13:49 | 2022-05-10 | OPK | OPKO HEALTH, INC. | FROST PHILLIP MD ET AL | Director, Officer, 10% owner - CEO & Chairman | Pharmaceutical Preparations | BUY | $2.78 | 400,000 | $1,113,560 | 195,156,694 | +0.2% |
| 2022-05-12 01:03 | 2022-05-09 | NGM | N/A | COLUMN GROUP L P | Director, 10% owner | Other | BUY | $10.95 | 114,440 | $1,252,981 | 31,818 | +100.0% |
| 2022-05-12 01:01 | 2022-05-09 | NGM | N/A | GOEDDEL DAVID V | Director, 10% owner | Other | BUY | $10.95 | 114,440 | $1,252,981 | 31,818 | +100.0% |
| 2022-05-10 21:25 | 2022-05-10 | LAZR | Luminar Technologies, Inc./DE | Russell Austin | Director, Officer, 10% owner - Chairperson, President & CEO | Motor Vehicle Parts & Accessories | BUY | $8.89 | 300,000 | $2,666,550 | 455,000 | +193.5% |
| 2022-05-10 23:43 | 2022-05-06 | SXT | SENSIENT TECHNOLOGIES CORP | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $82.45 | 41,623 | $3,431,737 | 5,915,485 | +0.7% |
| 2022-05-10 23:36 | 2022-05-06 | HCP | N/A | GGV Capital Select L.L.C. | 10% owner | Other | BUY | $37.73 | 412,274 | $15,556,046 | 476,666 | +640.3% |
| 2022-05-11 01:32 | 2022-05-09 | PRM | Perimeter Solutions, Inc. | WindAcre Partnership Master Fund, LP | 10% owner | Chemicals & Allied Products | BUY | $8.65 | 1,600,000 | $13,840,000 | 21,600,000 | +8.0% |
| 2022-05-10 23:48 | 2022-05-10 | POST | Post Holdings, Inc. | ERB THOMAS C | Director | Grain Mill Products | BUY | $81.26 | 12,400 | $1,007,624 | 22,075 | +128.2% |
| 2022-05-10 23:38 | 2022-05-06 | HCP | N/A | Solomon Glenn | Director | Other | BUY | $37.73 | 412,274 | $15,556,046 | 476,666 | +640.3% |
| 2022-05-11 00:33 | 2022-05-06 | FISV | FISERV INC | ValueAct Holdings, L.P. | Director, Other | Services-Business Services, NEC | BUY | $94.22 | 500,000 | $47,112,000 | 13,647,776 | +3.8% |
| 2022-05-10 19:38 | 2022-05-09 | RILY | BRC Group Holdings, Inc. | RILEY BRYANT R | Director, Officer, 10% owner - Chairman and Co-CEO | Investment Advice | BUY | $46.99 | 75,000 | $3,523,988 | 5,773,313 | +1.3% |
| 2022-05-10 23:15 | 2022-05-05 | WBD | Warner Bros. Discovery, Inc. | YANG GEOFFREY Y | Director | Cable & Other Pay Television Services | BUY | $18.79 | 58,296 | $1,095,277 | 35,653 | +100.0% |
| 2022-05-11 04:03 | 2022-05-06 | LAB | STANDARD BIOTOOLS INC. | Caligan Partners LP | 10% owner | Laboratory Analytical Instruments | BUY | $2.88 | 488,350 | $1,406,692 | 9,973,188 | +5.1% |
| 2022-05-10 23:59 | 2022-05-06 | INVE | Identiv, Inc. | Bleichroeder LP | 10% owner | Computer Peripheral Equipment, NEC | BUY | $12.02 | 128,301 | $1,542,319 | 2,619,008 | +5.2% |
Institutional Conviction in Form 4
Tracking these institutional-scale purchases allows you to follow the "smart money" when their conviction is highest. When an executive or a 10% beneficial owner commits a seven-figure sum to an open-market transaction, it bypasses the routine noise of stock-based compensation. These trades are often a precursor to major corporate developments or a signal that management views the current market valuation as significantly disconnected from the company’s internal growth trajectory. By monitoring these high-value entries, investors can align their portfolios with the capital of those who possess the most intimate understanding of a business's long-term health and potential.
Filtering the Market Noise
Our platform is designed to eliminate the noise and focus strictly on high-impact accumulation from directors and CEOs betting big on their company’s future. The SEC EDGAR database is frequently flooded with thousands of automated Form 4 filings, many of which involve small, technical, or pre-scheduled trades that offer little predictive value for the average investor. By applying a strict $1,000,000 minimum threshold, we isolate the transactions where insiders are taking substantial personal financial risk. This high-conviction filter serves as a powerful transparency tool, identifying the exact moments when corporate leadership moves away from passive ownership toward aggressive capital deployment.
UNDERSTANDING THE DATA
FILING DATE: The date and time when the transaction was reported to the SEC. This is when the public first receives the information.
TRADE DATE: The actual day the insider executed the purchase or sale in the market.
INDUSTRY: The specific market sector the company operates in. Useful for identifying broader institutional capital flows across sectors.
OWNED AFTER: The total number of shares held by the insider following the transaction. This highlights the insider's remaining conviction in the company.
CHANGE %: The percentage increase or decrease of the insider's total position. Large percentage changes often carry more weight than the dollar amount alone.
TRADE TYPES DEFINITIONS
BUY: An open market purchase. Typically indicates an insider's belief that the stock is undervalued or poised for growth.
SELL: An open market sale. While often used for diversification or liquidity, large or unexpected sales can be a warning signal.
OPT+S (OPTION EXERCISE & SALE): This occurs when an insider exercises their stock options and sells them immediately. Often part of a structured compensation plan.