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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021-01-14 20:20 | 2021-01-12 | SVFA | N/A | MISRA RAJEEV | Director, Officer - Chief Executive Officer | Other | BUY | $10.00 | 2,377,000 | $23,770,000 | 2,377,000 | +100.0% |
| 2021-01-14 00:15 | 2021-01-11 | OMEG | N/A | Omega Alpha Management | 10% owner | Other | BUY | $10.00 | 501,000 | $5,010,000 | 501,000 | +100.0% |
| 2021-01-14 01:46 | 2020-12-17 | N/A | N/A | NATIONAL COMMERCIAL BANK | 10% owner | Other | BUY | $19.61 | 265,784 | $5,212,024 | 8,476,534 | +3.2% |
| 2021-01-13 21:15 | 2021-01-11 | GIM | Saba Capital Income & Opportunities Fund II | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.55 | 261,843 | $1,452,626 | 21,376,241 | +1.2% |
| 2021-01-13 21:25 | 2021-01-11 | VTA | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $10.91 | 133,302 | $1,453,858 | 9,576,300 | +1.4% |
| 2021-01-14 00:15 | 2021-01-11 | OMEG | N/A | Stampacchia Otello | Director, Officer, 10% owner - Chief Executive Officer | Other | BUY | $10.00 | 501,000 | $5,010,000 | 501,000 | +100.0% |
| 2021-01-13 16:34 | 2021-01-13 | RILY | BRC Group Holdings, Inc. | RILEY BRYANT R | Director, Officer, 10% owner - Chairman and Co-CEO | Investment Advice | BUY | $46.00 | 100,000 | $4,600,000 | 4,950,005 | +2.1% |
| 2021-01-13 00:01 | 2021-01-08 | AKICU | N/A | Tilliss Robert | Director, Officer, 10% owner - CFO and President | Other | BUY | $10.00 | 660,000 | $6,600,000 | 660,000 | +100.0% |
| 2021-01-13 00:04 | 2021-01-08 | AKICU | N/A | AKICV LLC | 10% owner | Other | BUY | $10.00 | 660,000 | $6,600,000 | 660,000 | +100.0% |
| 2021-01-13 01:03 | 2021-01-08 | KAIRU | N/A | HS Chronos LLC | 10% owner | Other | BUY | $10.00 | 1,980,000 | $19,800,000 | 1,980,000 | +100.0% |
| 2021-01-13 01:02 | 2021-01-08 | KAIRU | N/A | Millette Michael | 10% owner, Other | Other | BUY | $10.00 | 1,980,000 | $19,800,000 | 1,980,000 | +100.0% |
| 2021-01-13 01:02 | 2021-01-08 | KAIRU | N/A | Singhal Vikas | Director, 10% owner | Other | BUY | $10.00 | 1,980,000 | $19,800,000 | 1,980,000 | +100.0% |
| 2021-01-13 02:33 | 2021-01-12 | SWBK-U | N/A | Mutrie James E. | Director, Officer, 10% owner - Co-CEO | Other | BUY | $10.00 | 100,000 | $1,000,000 | 100,000 | +100.0% |
| 2021-01-13 02:35 | 2021-01-12 | SWBK-U | N/A | McNeill Scott K. | Director, Officer, 10% owner - Co-CEO | Other | BUY | $10.00 | 100,000 | $1,000,000 | 100,000 | +100.0% |
| 2021-01-13 01:22 | 2021-01-08 | CERC | Avalo Therapeutics, Inc. | ARMISTICE CAPITAL, LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $2.60 | 2,500,000 | $6,500,000 | 32,634,285 | +8.3% |
| 2021-01-13 03:29 | 2021-01-08 | MRSN | Mersana Therapeutics, Inc. | Hack Andrew A. F. | Director | Pharmaceutical Preparations | BUY | $18.36 | 250,000 | $4,590,000 | 3,695,667 | +7.3% |
| 2021-01-13 00:16 | 2021-01-08 | FATE | FATE THERAPEUTICS INC | Redmile Group, LLC | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $85.50 | 327,485 | $27,999,968 | 12,957,222 | +2.6% |
| 2021-01-13 00:03 | 2021-01-08 | AKICU | N/A | Kestenbaum Alan | Director, Officer, 10% owner - Chief Executive Officer | Other | BUY | $10.00 | 660,000 | $6,600,000 | 660,000 | +100.0% |
| 2021-01-13 04:14 | 2021-01-07 | ESTE | N/A | Warburg Pincus Private Equity (E&P) XI-A, L.P. | 10% owner | Other | BUY | $3.99 | 638,744 | $2,548,589 | 13,358,338 | +5.0% |
| 2021-01-13 04:12 | 2021-01-07 | ESTE | N/A | Warburg Pincus Energy (E&P) Partners-B IRH, LLC | 10% owner | Other | BUY | $3.99 | 638,744 | $2,548,589 | 13,358,338 | +5.0% |
| 2021-01-12 03:29 | 2021-01-11 | AGCB | N/A | Hariharan Anu | Director | Other | BUY | $10.00 | 200,000 | $2,000,000 | 200,000 | +100.0% |
| 2021-01-12 02:04 | 2021-01-07 | DMTK | N/A | RTW INVESTMENTS, LP | 10% owner | Other | BUY | $29.50 | 200,000 | $5,900,000 | 3,087,216 | +6.9% |
| 2021-01-12 03:25 | 2021-01-11 | AGCB | N/A | BARTON RICHARD N | Director | Other | BUY | $10.00 | 250,000 | $2,500,000 | 250,000 | +100.0% |
| 2021-01-12 05:53 | 2021-01-07 | ALDX | Aldeyra Therapeutics Inc. | PERCEPTIVE ADVISORS LLC | 10% owner | Pharmaceutical Preparations | BUY | $8.76 | 1,050,000 | $9,202,620 | 7,335,458 | +16.7% |
| 2021-01-12 05:07 | 2021-01-07 | N/A | N/A | Blackstone BDC Holdings LLC | 10% owner | Other | BUY | $25.00 | 997,940 | $24,948,500 | 1,000,000 | +48,443.7% |
| 2021-01-12 05:42 | 2021-01-07 | ESTE | N/A | Independence Resources Holdings, LLC | 10% owner | Other | BUY | $3.99 | 638,744 | $2,548,589 | 13,358,338 | +5.0% |
| 2021-01-09 05:44 | 2021-01-06 | HOME | N/A | SOSIN CLIFFORD | 10% owner | Other | BUY | $17.55 | 275,007 | $4,825,685 | 11,078,735 | +2.5% |
| 2021-01-09 04:31 | 2021-01-06 | EYEG | KIORA PHARMACEUTICALS INC | ARMISTICE CAPITAL, LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $5.23 | 1,531,101 | $8,000,003 | 3,346,601 | +84.3% |
| 2021-01-09 00:15 | 2021-01-08 | ALRN | Rein Therapeutics, Inc. | Satter Muneer A | Director, Officer - See Remarks | Pharmaceutical Preparations | BUY | $1.10 | 9,000,000 | $9,900,000 | 16,609,449 | +118.3% |
| 2021-01-09 05:46 | 2021-01-06 | WRLD | WORLD ACCEPTANCE CORP | SOSIN CLIFFORD | 10% owner | Personal Credit Institutions | BUY | $111.43 | 37,900 | $4,223,042 | 755,768 | +5.3% |
| 2021-01-09 01:43 | 2021-01-06 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $79.12 | 2,516,846 | $199,132,856 | 12,860,008 | +24.3% |
| 2021-01-08 05:46 | 2021-01-05 | HOME | N/A | SOSIN CLIFFORD | 10% owner | Other | BUY | $16.37 | 169,993 | $2,783,108 | 10,803,728 | +1.6% |
| 2021-01-08 05:44 | 2021-01-05 | PRTY | N/A | SOSIN CLIFFORD | 10% owner | Other | BUY | $6.63 | 316,500 | $2,099,471 | 15,986,623 | +2.0% |
| 2021-01-07 20:38 | 2021-01-05 | GIM | Saba Capital Income & Opportunities Fund II | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.51 | 310,501 | $1,710,861 | 21,039,377 | +1.5% |
| 2021-01-07 05:47 | 2021-01-04 | HOME | N/A | SOSIN CLIFFORD | 10% owner | Other | BUY | $15.68 | 200,000 | $3,136,540 | 10,633,735 | +1.9% |
| 2021-01-07 05:45 | 2021-01-04 | PRTY | N/A | SOSIN CLIFFORD | 10% owner | Other | BUY | $6.11 | 406,500 | $2,482,130 | 15,670,123 | +2.7% |
| 2021-01-07 05:29 | 2021-01-04 | CQP | Cheniere Energy Partners, L.P. | BX Rockies Platform Co LLC | 10% owner | Natural Gas Distribution | BUY | $34.93 | 42,425 | $1,481,905 | 2,292,844 | +1.9% |
| 2021-01-07 05:22 | 2021-01-04 | CQP | Cheniere Energy Partners, L.P. | Blackstone Holdings III L.P. | 10% owner | Natural Gas Distribution | BUY | $34.93 | 42,425 | $1,481,905 | 2,292,844 | +1.9% |
| 2021-01-06 02:48 | 2020-12-31 | N-A | N/A | Manufacturers Life Reinsurance Ltd | 10% owner | Other | BUY | $21.74 | 1,014,202 | $22,049,965 | 1,048,196 | +2,983.5% |
| 2021-01-06 02:37 | 2020-12-31 | N-A | N/A | Manulife (International) Ltd | 10% owner | Other | BUY | $21.74 | 1,281,896 | $27,869,956 | 23,198,196 | +5.8% |
| 2021-01-06 02:19 | 2020-12-31 | N-A | N/A | Manulife Life Insurance Co | 10% owner | Other | BUY | $19.94 | 90,278 | $1,799,996 | 794,678 | +12.8% |
| 2021-01-06 02:04 | 2020-12-31 | N-A | N/A | Manufacturers Life Insurance Co (Bermuda Branch) | 10% owner | Other | BUY | $19.94 | 103,318 | $2,059,996 | 1,020,109 | +11.3% |
| 2021-01-06 01:48 | 2020-12-31 | N-A | N/A | Manufacturers Life Reinsurance Ltd | 10% owner | Other | BUY | $19.94 | 299,923 | $5,979,988 | 303,919 | +7,505.9% |
| 2021-01-06 01:35 | 2020-12-31 | N-A | N/A | Manulife (International) Ltd | 10% owner | Other | BUY | $19.94 | 210,147 | $4,189,992 | 2,770,243 | +8.2% |
| 2021-01-05 19:47 | 2020-12-30 | GIM | Saba Capital Income & Opportunities Fund II | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.49 | 690,945 | $3,795,430 | 20,728,876 | +3.4% |
| 2021-01-06 03:06 | 2020-12-31 | CQP | Cheniere Energy Partners, L.P. | BX Rockies Platform Co LLC | 10% owner | Natural Gas Distribution | BUY | $34.96 | 71,532 | $2,500,609 | 2,321,951 | +3.2% |
| 2021-01-05 19:37 | 2020-12-30 | EFT | Eaton Vance Floating-Rate Income Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $13.19 | 95,302 | $1,256,929 | 6,129,939 | +1.6% |
| 2021-01-06 03:03 | 2020-12-31 | CQP | Cheniere Energy Partners, L.P. | Blackstone Holdings III L.P. | 10% owner | Natural Gas Distribution | BUY | $34.96 | 71,532 | $2,500,609 | 2,321,951 | +3.2% |
| 2021-01-05 02:02 | 2020-12-30 | GRTS | N/A | Woiwode Thomas | Director | Other | BUY | $3.71 | 1,347,709 | $5,000,000 | 1,347,709 | +100.0% |
| 2021-01-05 01:27 | 2021-01-01 | N/A | N/A | Moyer Robert F. | Other | Other | BUY | $11.10 | 270,258 | $3,000,000 | 270,258 | +100.0% |
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.