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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-07-28 19:54 | 2020-07-28 | ANNX | Annexon, Inc. | Flynn James E | 10% owner, Other | Pharmaceutical Preparations | BUY | $17.00 | 700,000 | $11,900,000 | 808,914 | +642.7% |
| 2020-07-27 16:37 | 2020-07-23 | LCRDX | Lord Abbett Credit Opportunities Fund | Christina & Robert Dow Foundation | 10% owner | Other | BUY | $9.05 | 1,215,470 | $11,000,000 | 6,763,925 | +21.9% |
| 2020-07-27 23:11 | 2020-07-23 | T | AT&T INC. | LUCZO STEPHEN J | Director | Telephone Communications (No Radiotelephone) | BUY | $29.69 | 100,000 | $2,969,220 | 300,000 | +50.0% |
| 2020-07-28 03:02 | 2020-07-23 | BAC | BANK OF AMERICA CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | National Commercial Banks | BUY | $24.22 | 16,424,366 | $397,865,484 | 998,086,989 | +1.7% |
| 2020-07-28 00:03 | 2020-07-23 | VSAT | VIASAT INC | BAUPOST GROUP LLC/MA | 10% owner | Communications Services, NEC | BUY | $39.11 | 2,556,891 | $100,000,007 | 16,288,959 | +18.6% |
| 2020-07-25 01:50 | 2020-07-22 | OSG | N/A | Saltchuk Resources, Inc. | 10% owner | Other | BUY | $2.48 | 2,187,058 | $5,429,153 | 14,115,798 | +18.3% |
| 2020-07-24 23:03 | 2020-07-22 | CASI | N/A | He Wei-Wu | Director, Officer, 10% owner - Chairman and CEO | Other | BUY | $1.90 | 4,152,426 | $7,889,609 | 7,532,347 | +122.9% |
| 2020-07-23 23:32 | 2020-07-21 | ONCT | N/A | Shanghai Pharmaceutical (USA) Inc. | 10% owner | Other | BUY | $2.38 | 1,049,317 | $2,499,998 | 3,544,431 | +42.1% |
| 2020-07-22 23:30 | 2020-07-21 | PAND | N/A | RA CAPITAL MANAGEMENT, L.P. | 10% owner | Other | BUY | $18.00 | 361,111 | $6,499,998 | 1,770,023 | +25.6% |
| 2020-07-22 23:18 | 2020-07-21 | ALXO | Alx Oncology Holdings Inc. | LSV Associates, LLC | 10% owner | Pharmaceutical Preparations | BUY | $19.00 | 400,000 | $7,600,000 | 22,000 | +100.0% |
| 2020-07-22 23:18 | 2020-07-21 | PAND | N/A | GLAXOSMITHKLINE PLC | Director, 10% owner | Other | BUY | $18.00 | 361,111 | $6,499,998 | 2,248,304 | +19.1% |
| 2020-07-23 03:20 | 2020-07-20 | BAC | BANK OF AMERICA CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | National Commercial Banks | BUY | $23.99 | 33,902,623 | $813,327,316 | 981,662,623 | +3.6% |
| 2020-07-22 03:17 | 2008-03-11 | EMR | EMERSON ELECTRIC CO | APERTURE TECHNOLOGIES INC | Director | Electronic & Other Electrical Equipment (No Computer Equip) | BUY | $50.00 | 1,000,000 | $50,000,000 | 1,000,000 | +100.0% |
| 2020-07-22 03:04 | 2020-07-21 | ALXO | Alx Oncology Holdings Inc. | Graham G. Walmsley | Director | Pharmaceutical Preparations | BUY | $19.00 | 975,000 | $18,525,000 | 975,000 | +100.0% |
| 2020-07-22 02:39 | 2020-07-21 | PAND | N/A | Becker Daniel J. | Director, 10% owner | Other | BUY | $18.00 | 723,222 | $13,017,996 | 1,000 | +100.0% |
| 2020-07-22 03:25 | 2020-07-21 | ALXO | Alx Oncology Holdings Inc. | Vivo Capital IX, LLC | 10% owner | Pharmaceutical Preparations | BUY | $19.00 | 975,000 | $18,525,000 | 185,526 | +100.0% |
| 2020-07-21 13:03 | 2019-04-30 | KXIN | Kaixin Holdings | Shareholder Value Fund | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $1.18 | 9,333,200 | $10,989,843 | 9,413,200 | +11,666.5% |
| 2020-07-22 04:31 | 2020-07-21 | ALXO | Alx Oncology Holdings Inc. | Lettmann Jason | Director, 10% owner | Pharmaceutical Preparations | BUY | $19.00 | 400,000 | $7,600,000 | 22,000 | +100.0% |
| 2020-07-22 02:47 | 2020-07-21 | PAND | N/A | Carroll Jill | Director, 10% owner | Other | BUY | $18.00 | 361,111 | $6,499,998 | 2,248,304 | +19.1% |
| 2020-07-22 02:44 | 2020-07-21 | PAND | N/A | Fuglesang Christopher | Director, 10% owner | Other | BUY | $18.00 | 722,222 | $12,999,996 | 2,600,773 | +38.4% |
| 2020-07-22 04:29 | 2020-07-21 | ALXO | Alx Oncology Holdings Inc. | Adelman Robert J | 10% owner, Other | Pharmaceutical Preparations | BUY | $19.00 | 853,000 | $16,207,000 | 99,406 | +100.0% |
| 2020-07-22 03:01 | 2020-07-21 | ALXO | Alx Oncology Holdings Inc. | GOODMAN COREY S | Director, 10% owner, Other | Pharmaceutical Preparations | BUY | $19.00 | 850,000 | $16,150,000 | 850,000 | +100.0% |
| 2020-07-22 01:40 | 2020-07-17 | APEN | N/A | McGaughy R Kent Jr | Director, 10% owner | Other | BUY | $1.25 | 1,780,000 | $2,225,000 | 1,707,208 | +100.0% |
| 2020-07-22 01:39 | 2020-07-17 | APEN | N/A | CPMG Inc | 10% owner | Other | BUY | $1.25 | 1,780,000 | $2,225,000 | 1,707,208 | +100.0% |
| 2020-07-22 02:49 | 2020-07-21 | PAND | N/A | Boxer Capital, LLC | 10% owner | Other | BUY | $18.00 | 722,222 | $12,999,996 | 2,107,513 | +52.1% |
| 2020-07-21 00:35 | 2020-07-16 | GES | GUESS INC | ALBERINI CARLOS | Director, Officer - CEO and Director | Women's, Misses': Children's & Infants' Undergarments | BUY | $10.17 | 100,000 | $1,017,000 | 238,943 | +72.0% |
| 2020-07-17 23:16 | 2020-07-15 | PSTL | Postal Realty Trust, Inc. | Spodek Andrew | Director, Officer, 10% owner - CEO and Director | Real Estate Investment Trusts | BUY | $13.03 | 78,195 | $1,018,928 | 108,695 | +256.4% |
| 2020-07-18 01:32 | 2020-07-16 | EQS | EQUUS TOTAL RETURN, INC. | Hardy John A. | Director, Officer, 10% owner - CEO | Other | BUY | $1.17 | 3,228,024 | $3,776,788 | 3,728,024 | +645.6% |
| 2020-07-18 04:58 | 2020-07-15 | DMS | N/A | Lea Lyndon | Director | Other | BUY | $9.36 | 2,000,000 | $18,720,000 | 2,000,000 | +100.0% |
| 2020-07-16 18:29 | 2020-07-14 | LCRDX | Lord Abbett Credit Opportunities Fund | Christina & Robert Dow Foundation | 10% owner | Other | BUY | $8.94 | 2,460,850 | $22,000,000 | 5,548,456 | +79.7% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | Makhzoumi Mohamad | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | New Enterprise Associates 15, L.P. | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | Florence Anthony A. Jr. | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | Sonsini Peter W. | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-16 23:41 | 2020-07-14 | NKTX | Nkarta, Inc. | Novo Holdings A/S | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 555,555 | $9,999,990 | 2,793,865 | +24.8% |
| 2020-07-16 23:30 | 2020-07-14 | NKTX | Nkarta, Inc. | RA CAPITAL MANAGEMENT, L.P. | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 3,333,333 | $59,999,994 | 5,605,129 | +146.7% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | BASKETT FOREST | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | SANDELL SCOTT D | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-17 00:00 | 2020-07-14 | NKTK | Nkarta, Inc. | MAKOWER JOSHUA | 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 666,666 | $11,999,988 | 2,902,115 | +29.8% |
| 2020-07-17 03:13 | 2020-07-14 | NKTX | Nkarta, Inc. | GLAXOSMITHKLINE PLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $18.00 | 833,333 | $14,999,994 | 3,150,732 | +36.0% |
| 2020-07-15 23:56 | 2020-04-17 | IMBI | N/A | Lalo Eyal | Director | Other | BUY | $2.04 | 693,370 | $1,416,208 | 1,093,370 | +173.3% |
| 2020-07-15 23:57 | 2020-04-17 | IMBI | N/A | Friedman Michael | Director | Other | BUY | $2.06 | 653,348 | $1,347,988 | 912,949 | +251.7% |
| 2020-07-16 00:00 | 2020-07-14 | PSTX | N/A | Hirsch David | Director | Other | BUY | $16.00 | 250,000 | $4,000,000 | 2,714,245 | +10.1% |
| 2020-07-16 00:11 | 2020-07-13 | TSE | Trinseo PLC | M&G INVESTMENT MANAGEMENT LTD | 10% owner | Plastic Materials, Synth Resins & Nonvulcan Elastomers | BUY | $21.81 | 310,510 | $6,772,223 | 7,804,044 | +4.1% |
| 2020-07-16 01:16 | 2020-07-13 | IDRA | N/A | Pillar Invest Corp | 10% owner | Other | BUY | $1.72 | 749,993 | $1,289,988 | 5,427,697 | +16.0% |
| 2020-07-15 03:08 | 2020-07-10 | ETNB | N/A | Grunberg Gregory | Director, 10% owner | Other | BUY | $27.50 | 109,090 | $2,999,975 | 2,600,877 | +4.4% |
| 2020-07-14 23:46 | 2020-07-10 | AKRO | Akero Therapeutics, Inc. | Apple Tree Partners IV, L.P. | 10% owner | Pharmaceutical Preparations | BUY | $36.00 | 415,000 | $14,940,000 | 5,830,203 | +7.7% |
| 2020-07-14 23:45 | 2020-07-10 | AKRO | Akero Therapeutics, Inc. | Harrison Seth Loring | Director, 10% owner | Pharmaceutical Preparations | BUY | $36.00 | 415,000 | $14,940,000 | 5,830,203 | +7.7% |
| 2020-07-15 03:11 | 2020-07-10 | ETNB | N/A | Longitude Capital Partners III, LLC | 10% owner | Other | BUY | $27.50 | 109,090 | $2,999,975 | 2,600,877 | +4.4% |
| 2020-07-15 01:54 | 2020-07-10 | WCC | WESCO INTERNATIONAL INC | Green Equity Investors VII, L.P. | 10% owner | Wholesale-Electrical Apparatus & Equipment, Wiring Supplies | BUY | $35.78 | 962,805 | $34,447,045 | 3,087,281 | +45.3% |
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.