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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-09-23 00:42 | 2020-09-18 | MTCR | N/A | Behbahani Ali | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-23 00:12 | 2020-09-18 | MTCR | N/A | Polaris Management Co. VII, L.L.C. | 10% owner | Other | BUY | $13.00 | 230,000 | $2,990,000 | 15,038 | +100.0% |
| 2020-09-23 00:10 | 2020-09-18 | MTCR | N/A | Nashat Amir | Director, 10% owner | Other | BUY | $13.00 | 230,000 | $2,990,000 | 15,038 | +100.0% |
| 2020-09-22 18:09 | 2020-09-18 | MTCR | N/A | Burow Kristina | Director | Other | BUY | $13.00 | 230,000 | $2,990,000 | 158,734 | +100.0% |
| 2020-09-23 00:43 | 2020-09-18 | MTCR | N/A | Florence Anthony A. Jr. | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-23 00:46 | 2020-09-18 | MTCR | N/A | Sonsini Peter W. | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-23 00:47 | 2020-09-18 | MTCR | N/A | Walker Paul Edward | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-22 23:38 | 2020-09-18 | SNOW | Snowflake Inc. | GERSTNER BRAD | 10% owner | Services-Prepackaged Software | BUY | $120.00 | 420,000 | $50,400,000 | 420,000 | +100.0% |
| 2020-09-23 00:03 | 2020-09-18 | ATHA | LeonaBio, Inc. | RTW INVESTMENTS, LP | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $17.00 | 750,000 | $12,750,000 | 2,668,913 | +39.1% |
| 2020-09-23 00:22 | 2020-09-18 | MTCR | N/A | Adelman Robert J | Director, 10% owner | Other | BUY | $13.00 | 230,000 | $2,990,000 | 230,000 | +100.0% |
| 2020-09-23 00:21 | 2020-09-18 | MTCR | N/A | venBio Global Strategic Fund, L.P. | 10% owner, Other | Other | BUY | $13.00 | 230,000 | $2,990,000 | 230,000 | +100.0% |
| 2020-09-23 00:41 | 2020-09-18 | MTCR | N/A | BASKETT FOREST | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-23 00:46 | 2020-09-18 | MTCR | N/A | SANDELL SCOTT D | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-23 00:45 | 2020-09-18 | MTCR | N/A | MAKOWER JOSHUA | 10% owner | Other | BUY | $13.00 | 769,230 | $9,999,990 | 3,060,527 | +33.6% |
| 2020-09-23 02:11 | 2020-09-22 | ATHA | LeonaBio, Inc. | PERCEPTIVE ADVISORS LLC | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $17.00 | 1,058,824 | $18,000,008 | 3,114,805 | +51.5% |
| 2020-09-22 18:07 | 2020-09-18 | MTCR | N/A | ARCH Venture Fund VIII, L.P. | 10% owner | Other | BUY | $13.00 | 230,000 | $2,990,000 | 158,734 | +100.0% |
| 2020-09-23 01:03 | 2020-09-22 | ATHA | LeonaBio, Inc. | EDELMAN JOSEPH | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $17.00 | 1,058,824 | $18,000,008 | 3,114,805 | +51.5% |
| 2020-09-22 00:36 | 2020-03-18 | VST | Vistra Corp. | Oaktree Capital Group Holdings GP, LLC | Other | Electric Services | BUY | $12.36 | 500,000 | $6,181,400 | 30,278,055 | +1.7% |
| 2020-09-22 04:48 | 2020-09-17 | SBBP | N/A | CDK ASSOCIATES, L.L.C. | 10% owner | Other | BUY | $2.25 | 1,479,377 | $3,328,302 | 8,060,682 | +22.5% |
| 2020-09-21 23:30 | 2020-09-17 | ETNB | N/A | RA CAPITAL MANAGEMENT, L.P. | Director, 10% owner | Other | BUY | $28.00 | 1,300,000 | $36,400,000 | 4,736,214 | +37.8% |
| 2020-09-21 23:33 | 2020-09-18 | AVGO | Broadcom Inc. | SAMUELI HENRY | Director | Semiconductors & Related Devices | BUY | $361.45 | 101,740 | $36,773,923 | 2,832,299 | +3.7% |
| 2020-09-22 03:19 | 2020-09-18 | STEP | StepStone Group Inc. | Argonaut Private Equity, L.L.C. | 10% owner | Investment Advice | BUY | $18.00 | 125,000 | $2,250,000 | 62,500 | +100.0% |
| 2020-09-17 23:44 | 2020-09-16 | CLRO | CLEARONE INC | BAGLEY EDWARD D | 10% owner | Telephone & Telegraph Apparatus | BUY | $2.49 | 802,408 | $2,000,002 | 8,253,943 | +10.8% |
| 2020-09-18 00:15 | 2020-09-17 | SAVA | FILANA THERAPEUTICS, INC. | ROBERTSON SANFORD | Director | Pharmaceutical Preparations | BUY | $6.98 | 213,719 | $1,491,759 | 876,342 | +32.3% |
| 2020-09-18 02:42 | 2020-09-15 | MRUS | Merus N.V. | BVF PARTNERS L P/IL | 10% owner | Pharmaceutical Preparations | BUY | $11.75 | 146,754 | $1,724,360 | 382,784 | +62.2% |
| 2020-09-16 19:01 | 2020-09-14 | RDUS | N/A | BIOTECH TARGET N V | 10% owner | Other | BUY | $11.69 | 200,000 | $2,338,680 | 7,355,714 | +2.8% |
| 2020-09-16 23:42 | 2020-09-14 | TDG | TransDigm Group INC | SMALL ROBERT J | Director | Aircraft Parts & Auxiliary Equipment, NEC | BUY | $507.82 | 133,310 | $67,697,884 | 2,410,278 | +5.9% |
| 2020-09-16 15:30 | 2020-09-15 | QTNT | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $4.25 | 2,911,764 | $12,374,997 | 16,200,818 | +21.9% |
| 2020-09-16 04:14 | 2019-09-05 | LGF | STARZ ENTERTAINMENT CORP /CN/ | Liberty Global plc | 10% owner | Services-Motion Picture & Video Tape Production | BUY | $10.00 | 1,549,972 | $15,499,720 | 4,049,972 | +62.0% |
| 2020-09-16 02:06 | 2020-09-15 | FRG | N/A | KAHN BRIAN RANDALL | Director, Officer, 10% owner - Chief Executive Officer | Other | BUY | $24.99 | 149,785 | $3,743,127 | 327,531 | +84.3% |
| 2020-09-16 04:19 | 2020-09-04 | TCON | N/A | Ikarian Capital, LLC | 10% owner, Other | Other | BUY | $3.28 | 322,471 | $1,057,382 | 2,162,549 | +17.5% |
| 2020-09-16 02:57 | 2020-09-11 | AAT | American Assets Trust, Inc. | RADY ERNEST S | Director, Officer, 10% owner - Chairman, CEO & President | Real Estate Investment Trusts | BUY | $25.04 | 45,412 | $1,137,230 | 6,070,227 | +0.8% |
| 2020-09-15 15:30 | 2020-09-14 | ALBO | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $40.00 | 400,000 | $16,000,000 | 2,360,139 | +20.4% |
| 2020-09-16 01:09 | 2020-09-11 | TRTX | TPG RE Finance Trust, Inc. | TPG Group Holdings (SBS) Advisors, Inc. | 10% owner | Real Estate Investment Trusts | BUY | $8.82 | 184,421 | $1,626,335 | 7,047,603 | +2.7% |
| 2020-09-14 19:43 | 2020-09-10 | DGICA | DONEGAL GROUP INC | DONEGAL MUTUAL INSURANCE CO | 10% owner | Fire, Marine & Casualty Insurance | BUY | $14.79 | 180,000 | $2,662,920 | 10,132,692 | +1.8% |
| 2020-09-14 23:06 | 2020-09-14 | NKLA | Nikola Corporation | Milton Trevor R. | Director, Officer, 10% owner - Executive Chairman | Motor Vehicles & Passenger Car Bodies | BUY | $30.91 | 41,400 | $1,279,699 | 91,644,134 | +0.0% |
| 2020-09-14 21:22 | 2020-09-10 | PSA | Public Storage | GUSTAVSON TAMARA HUGHES | Director, 10% owner | Real Estate Investment Trusts | BUY | $217.65 | 37,031 | $8,059,971 | 16,889,476 | +0.2% |
| 2020-09-15 00:03 | 2020-09-14 | ITCI | N/A | Alafi Christopher D | Director | Other | BUY | $29.60 | 49,500 | $1,465,200 | 4,743,770 | +1.1% |
| 2020-09-14 23:03 | 2020-09-11 | RDUS | N/A | BIOTECH TARGET N V | 10% owner | Other | BUY | $11.33 | 199,029 | $2,255,118 | 7,155,714 | +2.9% |
| 2020-09-15 03:43 | 2020-09-10 | IGMS | N/A | BEHRENS M KATHLEEN | Director | Other | BUY | $60.78 | 30,000 | $1,823,409 | 93,214 | +47.5% |
| 2020-09-14 23:36 | 2020-09-10 | GES | GUESS INC | ALBERINI CARLOS | Director, Officer - CEO and Director | Women's, Misses': Children's & Infants' Undergarments | BUY | $12.05 | 83,000 | $1,000,150 | 321,943 | +34.7% |
| 2020-09-14 22:47 | 2020-09-10 | ATNX | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $11.02 | 2,000,000 | $22,048,000 | 13,532,467 | +17.3% |
| 2020-09-15 03:14 | 2020-09-10 | MRUS | Merus N.V. | BVF PARTNERS L P/IL | 10% owner | Pharmaceutical Preparations | BUY | $11.10 | 189,651 | $2,104,785 | 372,526 | +103.7% |
| 2020-09-11 23:05 | 2020-09-04 | BRY | Berry Corp (bry) | Benefit Street Partners LLC | Director, 10% owner | Crude Petroleum & Natural Gas | BUY | $3.88 | 506,000 | $1,963,078 | 12,614,823 | +4.2% |
| 2020-09-12 03:22 | 2020-09-09 | CAR | AVIS BUDGET GROUP, INC. | SRS Investment Management, LLC | Director, 10% owner | Services-Auto Rental & Leasing (No Drivers) | BUY | $34.00 | 279,249 | $9,494,047 | 18,048,628 | +1.6% |
| 2020-09-11 23:11 | 2020-09-09 | GBDC | GOLUB CAPITAL BDC, Inc. | Golub Lawrence E | Director, Officer - Chairman | Other | BUY | $13.01 | 128,300 | $1,669,298 | 1,734,890 | +8.0% |
| 2020-09-11 23:11 | 2020-09-09 | GBDC | GOLUB CAPITAL BDC, Inc. | Golub David | Director, Officer - Chief Executive Officer | Other | BUY | $13.01 | 128,300 | $1,669,298 | 1,734,890 | +8.0% |
| 2020-09-12 01:34 | 2020-09-09 | PBF | PBF Energy Inc. | Control Empresarial de Capitales S.A. de C.V. | 10% owner, Other | Petroleum Refining | BUY | $7.17 | 204,905 | $1,469,517 | 23,720,183 | +0.9% |
| 2020-09-11 23:11 | 2020-09-09 | PEB | Pebblebrook Hotel Trust | BORTZ JON E | Director, Officer - Chairman, President and CEO | Real Estate Investment Trusts | BUY | $20.87 | 59,576 | $1,243,452 | 44,916 | +100.0% |
| 2020-09-11 02:33 | 2020-09-08 | BCTG | Tango Therapeutics, Inc. | BCTG Holdings, LLC | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 533,500 | $5,335,000 | 4,493,450 | +13.5% |
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.