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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-12-15 03:08 | 2020-12-10 | ULH | UNIVERSAL LOGISTICS HOLDINGS, INC. | MOROUN MATTHEW T | Director, 10% owner | Trucking (No Local) | BUY | $19.45 | 1,471,521 | $28,617,699 | 14,302,736 | +11.5% |
| 2020-12-12 00:05 | 2020-12-11 | FLAC | N/A | Topper James N | Director, Officer - Chief Executive Officer | Other | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,000,000 | +100.0% |
| 2020-12-12 01:49 | 2020-12-02 | SBGI | N/A | SMITH FREDERICK G | Director, Officer, 10% owner - Vice President | Other | BUY | $28.72 | 300,000 | $8,616,000 | 449,000 | +201.3% |
| 2020-12-11 20:36 | 2020-12-09 | MTEM | N/A | BIOTECH TARGET N V | 10% owner | Other | BUY | $8.38 | 445,000 | $3,727,454 | 6,380,331 | +7.5% |
| 2020-12-11 01:00 | 2020-12-08 | SGTX | N/A | ELI LILLY & Co | 10% owner | Other | BUY | $18.00 | 300,000 | $5,400,000 | 2,744,443 | +12.3% |
| 2020-12-10 17:35 | 2020-12-10 | N/A | N/A | UAW Chrysler Retireees Medical Benefits Plan | 10% owner | Other | BUY | $10.68 | 6,507,490 | $69,499,993 | 15,430,098 | +72.9% |
| 2020-12-11 00:15 | 2020-12-08 | SEER | Seer, Inc. | aMoon 2 Fund Limited Partnership | 10% owner | Laboratory Analytical Instruments | BUY | $19.00 | 889,473 | $16,899,987 | 975,683 | +1,031.8% |
| 2020-12-10 21:41 | 2020-12-08 | GIM | Saba Capital Income & Opportunities Fund II | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.46 | 1,510,529 | $8,242,353 | 16,439,893 | +10.1% |
| 2020-12-11 03:26 | 2020-12-08 | BH | Biglari Holdings Inc. | BIGLARI, SARDAR | Director, Officer, 10% owner - Chairman and CEO | Retail-Eating Places | BUY | $141.16 | 11,054 | $1,560,405 | 812,773 | +1.4% |
| 2020-12-11 02:22 | 2020-12-10 | ARDX | Ardelyx Inc. | MOTT DAVID M | Director | Pharmaceutical Preparations | BUY | $5.89 | 170,000 | $1,000,841 | 417,284 | +68.7% |
| 2020-12-11 00:45 | 2020-12-10 | VTVT | vTv Therapeutics Inc. | PERELMAN RONALD O | 10% owner | Pharmaceutical Preparations | BUY | $1.60 | 625,000 | $1,000,000 | 35,981,212 | +1.8% |
| 2020-12-11 00:15 | 2020-12-08 | SEER | Seer, Inc. | Invus Public Equities, L.P. | 10% owner | Laboratory Analytical Instruments | BUY | $19.00 | 790,000 | $15,010,000 | 5,840,911 | +15.6% |
| 2020-12-10 00:27 | 2020-12-08 | N/A | N/A | Packer Craig | Director, Officer - CEO and President | Other | BUY | $14.32 | 307,028 | $4,396,641 | 1,018,109 | +43.2% |
| 2020-12-10 01:35 | 2020-12-07 | PROG | N/A | Athyrium Opportunities Fund (A) LP | 10% owner | Other | BUY | $3.27 | 4,128,440 | $13,499,999 | 26,991,626 | +18.1% |
| 2020-12-10 00:26 | 2020-12-08 | N/A | N/A | Kirshenbaum Alan | Director, Officer - COO | Other | BUY | $14.32 | 307,028 | $4,396,641 | 1,018,109 | +43.2% |
| 2020-12-10 01:35 | 2020-12-07 | PROG | N/A | Athyrium Capital Management, LP | 10% owner | Other | BUY | $3.27 | 4,128,440 | $13,499,999 | 26,991,626 | +18.1% |
| 2020-12-10 00:29 | 2020-12-08 | N/A | N/A | Ostrover Douglas I | Director | Other | BUY | $14.32 | 307,028 | $4,396,641 | 1,018,109 | +43.2% |
| 2020-12-10 04:23 | 2020-12-08 | SEER | Seer, Inc. | MCGUIRE TERRANCE | Director | Laboratory Analytical Instruments | BUY | $19.00 | 78,947 | $1,499,993 | 78,947 | +100.0% |
| 2020-12-09 04:48 | 2020-12-08 | SBTX | ARS Pharmaceuticals, Inc. | Schroeder Thilo | Director | Pharmaceutical Preparations | BUY | $21.00 | 238,096 | $5,000,016 | 238,096 | +100.0% |
| 2020-12-08 17:21 | 2020-12-02 | BSTC | N/A | Endo International plc | 10% owner | Other | BUY | $88.50 | 7,344,955 | $650,028,518 | 100 | +100.0% |
| 2020-12-08 18:30 | 2020-12-04 | GIM | Saba Capital Income & Opportunities Fund II | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.43 | 519,740 | $2,823,851 | 14,929,364 | +3.6% |
| 2020-12-09 04:59 | 2020-12-04 | CAR | AVIS BUDGET GROUP, INC. | SRS Investment Management, LLC | Director, 10% owner | Services-Auto Rental & Leasing (No Drivers) | BUY | $38.87 | 117,758 | $4,577,607 | 18,421,082 | +0.6% |
| 2020-12-09 01:17 | 2020-12-04 | ZMTP | FiEE, Inc. | HITCHCOCK JEREMY P. | Director, Officer, 10% owner - Executive Chairman | Telephone & Telegraph Apparatus | BUY | $2.35 | 3,602,606 | $8,465,404 | 285,674 | +100.0% |
| 2020-12-08 14:06 | 2020-12-04 | MPLN | Claritev Corp | H&F Corporate Investors VIII, Ltd. | 10% owner | Services-Business Services, NEC | BUY | $8.29 | 1,712,045 | $14,193,538 | 1,712,045 | +100.0% |
| 2020-12-09 04:43 | 2020-12-08 | SBTX | ARS Pharmaceuticals, Inc. | Thompson Peter A. | Director, 10% owner | Pharmaceutical Preparations | BUY | $21.00 | 1,190,477 | $25,000,017 | 952,377 | +100.0% |
| 2020-12-09 00:46 | 2020-11-30 | DRTT | DIRTT ENVIRONMENTAL SOLUTIONS LTD | Noll Shaun | 10% owner | Services-Prepackaged Software | BUY | $2.70 | 1,870,269 | $5,042,806 | 293,257 | +100.0% |
| 2020-12-09 04:46 | 2020-12-08 | SBTX | ARS Pharmaceuticals, Inc. | ROOT JONATHAN D | Director | Pharmaceutical Preparations | BUY | $21.00 | 95,238 | $1,999,998 | 95,238 | +100.0% |
| 2020-12-09 04:41 | 2020-12-08 | SBTX | ARS Pharmaceuticals, Inc. | ORBIMED ADVISORS LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $21.00 | 1,190,477 | $25,000,017 | 952,377 | +100.0% |
| 2020-12-09 00:38 | 2020-12-04 | HCHC | INNOVATE Corp. | GLAZER AVRAM A | Director, 10% owner | Fabricated Structural Metal Products | BUY | $3.48 | 340,548 | $1,186,571 | 18,983,954 | +1.8% |
| 2020-12-08 01:14 | 2020-12-04 | RGLS | N/A | Walker Paul Edward | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:13 | 2020-12-04 | RGLS | N/A | Sonsini Peter W. | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:11 | 2020-12-04 | RGLS | N/A | Makhzoumi Mohamad | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:10 | 2020-12-04 | RGLS | N/A | Florence Anthony A. Jr. | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:10 | 2020-12-04 | RGLS | N/A | Chang Carmen | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:09 | 2020-12-04 | RGLS | N/A | Behbahani Ali | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:06 | 2020-12-04 | RGLS | N/A | Growth Equity Opportunities V, LLC | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:08 | 2020-12-04 | RGLS | N/A | BASKETT FOREST | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:12 | 2020-12-04 | RGLS | N/A | SANDELL SCOTT D | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-08 01:12 | 2020-12-04 | RGLS | N/A | MAKOWER JOSHUA | 10% owner | Other | BUY | $0.62 | 4,398,602 | $2,735,930 | 6,451,056 | +214.3% |
| 2020-12-05 04:54 | 2020-12-02 | FL | N/A | Vesa Equity Investment S.a r.l. | 10% owner | Other | BUY | $38.70 | 153,730 | $5,949,351 | 12,722,406 | +1.2% |
| 2020-12-05 02:21 | 2020-12-01 | N/A | Morgan Stanley Direct Lending Fund | MS Credit Partners Holdings Inc. | 10% owner | Other | BUY | $20.52 | 466,781 | $9,578,344 | 2,125,200 | +28.1% |
| 2020-12-04 16:30 | 2020-12-02 | KHC | Kraft Heinz Co | Sceti Elio Leoni | Director | Canned, Frozen & Preservd Fruit, Veg & Food Specialties | BUY | $33.22 | 90,000 | $2,989,629 | 90,000 | +100.0% |
| 2020-12-05 05:39 | 2020-12-03 | KNTE | N/A | Tananbaum James B. | Director, 10% owner | Other | BUY | $20.00 | 1,000,000 | $20,000,000 | 125,000 | +100.0% |
| 2020-12-05 01:13 | 2020-12-02 | KNTE | N/A | GORDON CARL L | Director, 10% owner | Other | BUY | $20.00 | 750,000 | $15,000,000 | 450,000 | +100.0% |
| 2020-12-05 02:11 | 2020-12-02 | KNTE | N/A | ORBIMED ADVISORS LLC | Director, 10% owner | Other | BUY | $20.00 | 750,000 | $15,000,000 | 450,000 | +100.0% |
| 2020-12-05 03:20 | 2020-12-02 | MPLN | Claritev Corp | AUGUST GLENN R | Director | Services-Business Services, NEC | BUY | $7.00 | 826,265 | $5,782,285 | 3,351,265 | +32.7% |
| 2020-12-04 01:14 | 2020-12-01 | AMH | American Homes 4 Rent | HUGHES B WAYNE ET AL | 10% owner | Real Estate Investment Trusts | BUY | $29.05 | 342,000 | $9,934,861 | 16,939,307 | +2.1% |
| 2020-12-04 00:15 | 2020-12-01 | HCHC | INNOVATE Corp. | GLAZER AVRAM A | Director, 10% owner | Fabricated Structural Metal Products | BUY | $3.45 | 2,600,000 | $8,963,240 | 18,643,406 | +16.2% |
| 2020-12-03 02:50 | 2020-11-30 | FL | N/A | Vesa Equity Investment S.a r.l. | 10% owner | Other | BUY | $37.90 | 994,699 | $37,699,490 | 12,568,676 | +8.6% |
| 2020-12-02 20:21 | 2020-11-30 | GIM | Saba Capital Income & Opportunities Fund II | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.39 | 891,559 | $4,804,344 | 14,348,406 | +6.6% |
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.