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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-23 04:45 | 2025-12-18 | WRB | BERKLEY W R CORP | MITSUI SUMITOMO INSURANCE CO LTD | 10% owner | Fire, Marine & Casualty Insurance | BUY | $69.71 | 610,350 | $42,548,353 | 49,211,938 | +1.3% |
| 2025-12-23 00:59 | 2025-12-19 | N/A | N/A | Blackstone Holdings IV GP Management (Delaware) L.P. | 10% owner | Other | BUY | $26.01 | 384,468 | $10,000,000 | 5,205,353 | +8.0% |
| 2025-12-19 23:12 | 2025-12-19 | N-A | N/A | Employees' Retirement System of the State of Hawaii | 10% owner | Other | BUY | $14.84 | 269,542 | $4,000,000 | 5,126,324 | +5.5% |
| 2025-12-20 01:02 | 2025-12-17 | LQR | LQR House Inc. | Lu Yilin | Director, Officer - President | Beverages | BUY | $0.90 | 2,000,000 | $1,800,000 | 2,000,537 | +372,439.5% |
| 2025-12-20 01:00 | 2025-12-17 | ANDG | Andersen Group Inc. Class A Common Stock | Durable Capital Partners LP | 10% owner | Services-Business Services, NEC | BUY | $20.82 | 357,985 | $7,454,071 | 1,670,485 | +27.3% |
| 2025-12-20 04:25 | 2025-12-17 | NAVN | Navan, Inc. | Andreessen Horowitz Fund V, L.P. | 10% owner | Services-Prepackaged Software | BUY | $13.51 | 692,395 | $9,352,318 | 6,266,946 | +12.4% |
| 2025-12-20 04:25 | 2025-12-17 | NAVN | Navan, Inc. | Andreessen Horowitz LSV Fund III, L.P. | 10% owner | Services-Prepackaged Software | BUY | $13.51 | 692,395 | $9,352,318 | 6,266,946 | +12.4% |
| 2025-12-20 01:16 | 2025-12-18 | CCXIU | Churchill Capital Corp XI | Klein Michael Stuart | Director, Officer, 10% owner - See Remarks | Blank Checks | BUY | $10.00 | 500,000 | $5,000,000 | 14,300,000 | +3.6% |
| 2025-12-20 02:38 | 2025-12-18 | GTE | GRAN TIERRA ENERGY INC. | Lau Daniel | 10% owner | Crude Petroleum & Natural Gas | BUY | $3.95 | 360,000 | $1,423,728 | 3,531,200 | +11.4% |
| 2025-12-20 04:25 | 2025-12-17 | NAVN | Navan, Inc. | HOROWITZ BENJAMIN A | Director, 10% owner | Services-Prepackaged Software | BUY | $13.51 | 692,395 | $9,352,318 | 6,266,946 | +12.4% |
| 2025-12-20 04:25 | 2025-12-17 | NAVN | Navan, Inc. | Andreessen Horowitz LSV Fund I, L.P. | 10% owner | Services-Prepackaged Software | BUY | $13.51 | 692,395 | $9,352,318 | 6,266,946 | +12.4% |
| 2025-12-20 00:13 | 2025-12-17 | N/A | N/A | MSD CAPITAL, L.P. | 10% owner | Other | BUY | $25.23 | 375,978 | $9,485,925 | 2,200,650 | +20.6% |
| 2025-12-20 00:06 | 2025-12-18 | KOD | Kodiak Sciences Inc. | BAKER BROS. ADVISORS LP | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $23.00 | 2,608,696 | $60,000,008 | 18,358,772 | +16.6% |
| 2025-12-20 00:07 | 2025-12-17 | MBAV | M3-Brigade Acquisition V Corp. | CANTOR FITZGERALD & CO. | 10% owner | Blank Checks | BUY | $10.80 | 3,529,081 | $38,114,075 | 7,779,865 | +83.0% |
| 2025-12-18 14:03 | 2025-12-17 | BRR | ProCap Financial, Inc. | Pompliano Anthony John III | Director, Officer, 10% owner - Chief Executive Officer | Finance Services | BUY | $3.37 | 298,000 | $1,004,260 | 298,001 | +29,800,000.0% |
| 2025-12-19 01:41 | 2025-12-17 | SPT | Sprout Social, Inc. | Rankin Aaron Edward Frederick | Director, 10% owner | Services-Prepackaged Software | BUY | $11.14 | 90,661 | $1,009,964 | 114,969 | +373.0% |
| 2025-12-19 03:28 | 2025-12-17 | HYMC | HYCROFT MINING HOLDING CORP | Sprott Eric | 10% owner | Gold and Silver Ores | BUY | $14.60 | 220,000 | $3,212,000 | 30,606,352 | +0.7% |
| 2025-12-19 01:54 | 2025-12-16 | MRUS | Merus N.V. | GENMAB A/S | 10% owner | Pharmaceutical Preparations | BUY | $97.00 | 271,547 | $26,340,059 | 71,734,624 | +0.4% |
| 2025-12-19 00:41 | 2025-12-17 | NAVN | Navan, Inc. | Williams Anre D | Director | Services-Prepackaged Software | BUY | $12.72 | 100,000 | $1,272,480 | 115,024 | +665.6% |
| 2025-12-18 20:14 | 2025-12-16 | ASA | ASA Gold and Precious Metals Limited | Saba Capital Management, L.P. | 10% owner | Other | BUY | $57.34 | 18,495 | $1,060,529 | 5,355,252 | +0.3% |
| 2025-12-19 01:38 | 2025-12-17 | N/A | N/A | LIBERTY MUTUAL HOLDING Co INC. | 10% owner | Other | BUY | $25.23 | 171,907 | $4,337,214 | 1,288,000 | +15.4% |
| 2025-12-18 01:03 | 2025-12-16 | SCISX | N/A | MA Eagle II Holdings Fund | 10% owner | Other | BUY | $24.96 | 300,481 | $7,500,000 | 3,324,785 | +9.9% |
| 2025-12-17 19:07 | 2025-12-15 | N-A | N/A | New Mountain Guardian IV Rated Feeder III, Ltd. | 10% owner | Other | BUY | $10.00 | 3,329,140 | $33,291,400 | 33,291,400 | +11.1% |
| 2025-12-17 19:02 | 2025-12-15 | N-A | N/A | New Mountain Guardian IV Rated Feeder I, LTD | 10% owner | Other | BUY | $10.00 | 3,300,000 | $33,000,000 | 33,000,000 | +11.1% |
| 2025-12-18 00:53 | 2025-12-15 | AMR | Alpha Metallurgical Resources, Inc. | Courtis Kenneth S. | Director | Bituminous Coal & Lignite Surface Mining | BUY | $188.16 | 9,000 | $1,693,441 | 816,537 | +1.1% |
| 2025-12-17 22:39 | 2025-12-15 | AMR | Alpha Metallurgical Resources, Inc. | Gorzynski Michael | Director, 10% owner, Other | Bituminous Coal & Lignite Surface Mining | BUY | $188.50 | 38,576 | $7,271,495 | 644,025 | +6.4% |
| 2025-12-18 04:51 | 2025-12-15 | XSPIX | N/A | Long Robert W. | Director, Officer - Pres. & Prin. Exec. Officer | Other | BUY | $52.27 | 32,523 | $1,700,000 | 34,536 | +1,616.4% |
| 2025-12-18 02:43 | 2025-12-16 | HTFL | Heartflow, Inc. | Lightcap Jeffrey C | Director | Surgical & Medical Instruments & Apparatus | BUY | $26.34 | 40,000 | $1,053,680 | 40,000 | +100.0% |
| 2025-12-18 03:04 | 2025-12-17 | BH | Biglari Holdings Inc. | BIGLARI, SARDAR | Director, Officer, 10% owner - Chairman and CEO | Retail-Eating Places | BUY | $463.34 | 3,452 | $1,599,457 | 128,812 | +2.8% |
| 2025-12-18 02:20 | 2025-12-16 | VSTS | Vestis Corp | Meister Keith A. | Director, 10% owner | Wholesale-Miscellaneous Nondurable Goods | BUY | $6.81 | 1,010,064 | $6,874,294 | 19,813,963 | +5.4% |
| 2025-12-18 00:16 | 2025-12-15 | KNSL | Kinsale Capital Group, Inc. | SHARE GREGORY M | Director | Fire, Marine & Casualty Insurance | BUY | $391.95 | 2,675 | $1,048,460 | 675 | +100.0% |
| 2025-12-17 02:44 | 2025-12-09 | AMR | Alpha Metallurgical Resources, Inc. | Courtis Kenneth S. | Director | Bituminous Coal & Lignite Surface Mining | BUY | $180.92 | 37,000 | $6,694,203 | 807,537 | +4.8% |
| 2025-12-17 03:33 | 2025-12-12 | HYMC | HYCROFT MINING HOLDING CORP | Sprott Eric | 10% owner | Gold and Silver Ores | BUY | $13.05 | 440,000 | $5,742,000 | 30,386,352 | +1.5% |
| 2025-12-16 17:00 | 2025-12-15 | VANI | Vivani Medical, Inc. | Williams Gregg | Director, 10% owner | Electromedical & Electrotherapeutic Apparatus | BUY | $1.14 | 1,737,765 | $1,983,311 | 24,826,344 | +7.5% |
| 2025-12-17 05:07 | 2025-10-07 | SRRK | Scholar Rock Holding Corp | AKKARAJU SRINIVAS | Director | Biological Products, (No Diagnostic Substances) | BUY | $39.92 | 29,599 | $1,181,634 | 530,038 | +5.9% |
| 2025-12-16 00:00 | 2025-12-15 | TWLV | Twelve Seas Investment Co III/Cayman | Twelve Seas Sponsor LLC | 10% owner | Blank Checks | BUY | $10.00 | 300,000 | $3,000,000 | 300,000 | +100.0% |
| 2025-12-15 23:54 | 2025-11-25 | CCLFX | N/A | Nesbitt Stephen Lane | Director, Officer - President/Interested Trustee | Other | BUY | $10.65 | 1,433,715 | $15,266,625 | 11,152,141 | +14.8% |
| 2025-12-16 03:12 | 2025-12-11 | NEXT | NextDecade Corp | Hanwha Aerospace Co., Ltd. | 10% owner | Natural Gas Transmisison & Distribution | BUY | $5.69 | 1,651,971 | $9,399,385 | 26,420,222 | +6.7% |
| 2025-12-16 00:01 | 2025-12-11 | AMCR | Amcor plc | Scherger Stephen R. | Officer - Executive VP, Finance & CFO | Miscellaneous Manufacturing Industries | BUY | $8.32 | 121,065 | $1,006,982 | 121,065 | +100.0% |
| 2025-12-16 00:00 | 2025-12-11 | KVUE | Kenvue Inc. | Smith Jeffrey C | Director | Perfumes, Cosmetics & Other Toilet Preparations | BUY | $17.40 | 6,377,694 | $110,986,544 | 27,307,632 | +30.5% |
| 2025-12-16 01:42 | 2025-12-11 | MIDD | MIDDLEBY Corp | GARDEN EDWARD P | Director | Refrigeration & Service Industry Machinery | BUY | $145.73 | 102,903 | $14,996,476 | 3,379,737 | +3.1% |
| 2025-12-16 00:52 | 2025-12-12 | DIS | Walt Disney Co | GORMAN JAMES P | Director | Services-Miscellaneous Amusement & Recreation | BUY | $111.89 | 18,000 | $2,013,943 | 38,000 | +90.0% |
| 2025-12-16 05:41 | 2025-11-20 | PROP | Prairie Operating Co. | Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust | 10% owner | Crude Petroleum & Natural Gas | BUY | $1.69 | 1,213,412 | $2,055,399 | 14,993,279 | +8.8% |
| 2025-12-16 00:32 | 2025-12-11 | WVE | Wave Life Sciences Ltd. | GSK plc | 10% owner | Pharmaceutical Preparations | BUY | $19.00 | 1,470,000 | $27,930,000 | 18,245,691 | +8.8% |
| 2025-12-13 04:10 | 2025-12-10 | AMR | Alpha Metallurgical Resources, Inc. | Courtis Kenneth S. | Director | Bituminous Coal & Lignite Surface Mining | BUY | $181.32 | 15,000 | $2,719,848 | 785,537 | +1.9% |
| 2025-12-13 01:17 | 2025-12-12 | IMVT | Immunovant, Inc. | Roivant Sciences Ltd. | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $21.00 | 16,666,666 | $349,999,986 | 113,317,007 | +17.2% |
| 2025-12-13 00:17 | 2025-12-10 | ITW | ILLINOIS TOOL WORKS INC | SMITH DAVID BYRON JR | Director | General Industrial Machinery & Equipment | BUY | $250.13 | 6,709 | $1,678,122 | 6,709 | +100.0% |
| 2025-12-13 01:00 | 2025-12-11 | WMG | Warner Music Group Corp. | ZERZA ARMIN | Officer - Chief Financial Officer | Services-Amusement & Recreation Services | BUY | $28.12 | 35,778 | $1,006,077 | 254,119 | +16.4% |
| 2025-12-13 00:16 | 2025-12-10 | IT | GARTNER INC | PAGLIUCA STEPHEN G | Director | Services-Management Services | BUY | $229.57 | 43,300 | $9,940,342 | 111,613 | +63.4% |
| 2025-12-13 02:20 | 2025-04-23 | MSFT | MICROSOFT CORP | SMITH BRADFORD L | Officer - Vice Chair and President | Services-Prepackaged Software | BUY | $377.47 | 3,842 | $1,450,221 | 455,439 | +0.9% |
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.