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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-06-15 23:00 | 2020-06-11 | VRM | Vroom, Inc. | Dahnke Scott Arnold | Director, 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $22.00 | 318,181 | $6,999,982 | 2,156,885 | +17.3% |
| 2020-06-15 23:01 | 2020-06-11 | VRM | Vroom, Inc. | CGP2 Lone Star, L.P. | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $22.00 | 318,181 | $6,999,982 | 2,156,885 | +17.3% |
| 2020-06-15 22:23 | 2020-06-15 | ALT | Altimmune, Inc. | Venrock Healthcare Capital Partners III, L.P. | 10% owner | Pharmaceutical Preparations | BUY | $7.54 | 1,500,000 | $11,310,000 | 4,500,000 | +50.0% |
| 2020-06-15 16:03 | 2020-06-11 | PHD | Pioneer Floating Rate Fund, Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $9.45 | 167,826 | $1,586,543 | 4,910,536 | +3.5% |
| 2020-06-16 00:10 | 2020-06-11 | AES | AES Corporation | UBBEN JEFFREY W | Director, Other | Cogeneration Services & Small Power Producers | BUY | $12.22 | 500,000 | $6,110,000 | 5,346,500 | +10.3% |
| 2020-06-16 02:34 | 2020-06-12 | AXS | AXIS CAPITAL HOLDINGS LTD | DAVIS CHARLES A | Director | Fire, Marine & Casualty Insurance | BUY | $40.11 | 575,000 | $23,060,548 | 1,076,026 | +114.8% |
| 2020-06-15 22:35 | 2020-06-11 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $9.18 | 129,000 | $1,184,220 | 16,373,952 | +0.8% |
| 2020-06-13 01:29 | 2020-06-10 | CHNG | N/A | Eliasson Fredrik J | Officer - EVP & CFO | Other | BUY | $12.00 | 100,000 | $1,200,000 | 140,000 | +250.0% |
| 2020-06-12 15:47 | 2020-06-11 | PNFP | Pinnacle Financial Partners, Inc. 6.75% Non-Cumulative Perpetual Preferred Stock, Series B | INGRAM DAVID B | Director | National Commercial Banks | BUY | $25.00 | 40,000 | $1,000,000 | 120,000 | +50.0% |
| 2020-06-13 00:34 | 2020-06-11 | ETTX | N/A | Innoviva, Inc. | 10% owner | Other | BUY | $2.50 | 12,677,490 | $31,693,725 | 14,000,000 | +958.6% |
| 2020-06-11 23:54 | 2020-06-09 | CNA | CNA FINANCIAL CORP | LOEWS CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $33.13 | 303,758 | $10,064,080 | 242,953,531 | +0.1% |
| 2020-06-11 20:39 | 2020-06-09 | LCRDX | Lord Abbett Credit Opportunities Fund | Christina Seix Dow 2012 Trust | 10% owner | Other | BUY | $9.22 | 498,729 | $4,598,285 | 2,919,102 | +20.6% |
| 2020-06-12 00:55 | 2020-06-09 | AMTI | N/A | EPIQ Capital Group, LLC | Other | Other | BUY | $14.00 | 2,720,000 | $38,080,000 | 8,264,240 | +49.1% |
| 2020-06-12 00:54 | 2020-06-09 | CERC | Avalo Therapeutics, Inc. | ARMISTICE CAPITAL, LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $2.50 | 2,049,486 | $5,127,404 | 1,128,000 | +100.0% |
| 2020-06-11 23:54 | 2020-06-11 | ATH | Athene Holding Ltd. | Kvalheim Grant | Officer - See Remarks | Life Insurance | BUY | $25.00 | 40,000 | $1,000,000 | 40,000 | +100.0% |
| 2020-06-11 23:50 | 2020-06-11 | ATH | Athene Holding Ltd. | Belardi James Richard | Director, Officer - Chairman, CEO and CIO | Life Insurance | BUY | $25.00 | 40,000 | $1,000,000 | 40,000 | +100.0% |
| 2020-06-11 16:00 | 2020-06-09 | PHD | Pioneer Floating Rate Fund, Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $9.60 | 365,200 | $3,507,381 | 4,742,710 | +8.3% |
| 2020-06-12 02:33 | 2020-06-09 | MNLO | VYNE Therapeutics Inc. | PERCEPTIVE ADVISORS LLC | 10% owner | Pharmaceutical Preparations | BUY | $1.85 | 2,702,702 | $4,999,999 | 22,876,410 | +13.4% |
| 2020-06-11 22:36 | 2020-06-09 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $9.63 | 180,955 | $1,742,597 | 16,144,952 | +1.1% |
| 2020-06-10 17:47 | 2020-05-27 | APRN | Blue Apron Holdings, Inc. | DPH Holdings Ltd | 10% owner | Retail-Catalog & Mail-Order Houses | BUY | $8.85 | 185,501 | $1,642,055 | 1,520,000 | +13.9% |
| 2020-06-10 23:16 | 2020-06-08 | KDP | Keurig Dr Pepper Inc. | Arboleda Mauricio Leyva | Officer - Pres.,Int'l & Bus. Development | Beverages | BUY | $28.47 | 123,400 | $3,513,210 | 123,400 | +100.0% |
| 2020-06-10 23:49 | 2020-06-10 | VPG | Vishay Precision Group, Inc. | Cummins Wes | Director | Electronic Components & Accessories | BUY | $23.50 | 100,000 | $2,350,000 | 100,000 | +100.0% |
| 2020-06-11 02:03 | 2020-06-08 | MRUS | Merus N.V. | BVF PARTNERS L P/IL | 10% owner | Pharmaceutical Preparations | BUY | $15.20 | 87,254 | $1,326,261 | 345,371 | +33.8% |
| 2020-06-09 19:44 | 2020-06-09 | MCACU | Playboy, Inc. | Liu Suying | Director, Officer, 10% owner - Chief Executive Officer | Retail-Miscellaneous Retail | BUY | $10.00 | 296,500 | $2,965,000 | 1,728,000 | +20.7% |
| 2020-06-09 19:41 | 2020-06-09 | MCACU | Playboy, Inc. | Liu Dong | Director, Officer, 10% owner - Chief Financial Officer | Retail-Miscellaneous Retail | BUY | $10.00 | 296,500 | $2,965,000 | 1,728,000 | +20.7% |
| 2020-06-09 19:37 | 2020-06-09 | MCACU | Playboy, Inc. | Sunlight Global Investment LLC | 10% owner | Retail-Miscellaneous Retail | BUY | $10.00 | 296,500 | $2,965,000 | 1,728,000 | +20.7% |
| 2020-06-10 03:48 | 2020-06-08 | APDN | BNB PLUS CORP. | Montgomery William W | Other | Services-Testing Laboratories | BUY | $6.79 | 170,000 | $1,153,807 | 175,000 | +3,400.0% |
| 2020-06-09 13:49 | 2020-06-05 | EVFM | Evofem Biosciences, Inc. | Invesco Ltd. | 10% owner | Pharmaceutical Preparations | BUY | $3.50 | 857,143 | $3,000,001 | 13,226,532 | +6.9% |
| 2020-06-10 03:24 | 2020-06-05 | BHC | Bausch Health Companies Inc. | ValueAct Holdings, L.P. | Director, Other | Pharmaceutical Preparations | BUY | $19.24 | 948,353 | $18,246,312 | 17,931,594 | +5.6% |
| 2020-06-10 03:22 | 2020-06-08 | ALRN | Rein Therapeutics, Inc. | Satter Muneer A | Director, 10% owner, Other | Pharmaceutical Preparations | BUY | $1.10 | 3,700,000 | $4,070,000 | 7,609,449 | +94.6% |
| 2020-06-09 19:24 | 2020-06-04 | PHD | Pioneer Floating Rate Fund, Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $9.45 | 235,261 | $2,223,993 | 4,377,510 | +5.7% |
| 2020-06-10 04:06 | 2020-06-05 | AMRS | N/A | Kung Frank | Director | Other | BUY | $3.00 | 3,689,225 | $11,067,675 | 551,884 | +100.0% |
| 2020-06-09 19:19 | 2020-06-04 | EVF | Eaton Vance Senior Income Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.50 | 372,014 | $2,044,217 | 6,009,697 | +6.6% |
| 2020-06-09 21:49 | 2020-06-05 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $8.58 | 1,100,000 | $9,438,000 | 15,963,997 | +7.4% |
| 2020-06-09 01:47 | 2020-06-04 | CRTX | Quince Therapeutics, Inc. | Lamond David | Director | Biological Products, (No Diagnostic Substances) | BUY | $43.27 | 49,125 | $2,125,796 | 1,747,109 | +2.9% |
| 2020-06-08 23:46 | 2020-06-04 | KLDO | N/A | Flagship Ventures Fund IV General Partner LLC | 10% owner | Other | BUY | $7.50 | 2,000,000 | $15,000,000 | 666,666 | +100.0% |
| 2020-06-05 16:58 | 2020-06-03 | LCRDX | Lord Abbett Credit Opportunities Fund | Christina Seix Dow 2012 Trust | 10% owner | Other | BUY | $8.90 | 561,798 | $5,000,000 | 2,420,373 | +30.2% |
| 2020-06-06 00:19 | 2020-06-03 | NKLA | Nikola Corporation | UBBEN JEFFREY W | Director, Other | Motor Vehicles & Passenger Car Bodies | BUY | $10.00 | 5,000,000 | $50,000,000 | 11,675,437 | +74.9% |
| 2020-06-05 23:51 | 2020-06-03 | CBAT | CBAK Energy Technology, Inc. | Asia EVK New Energy Auto Ltd | 10% owner | Miscellaneous Electrical Machinery, Equipment & Supplies | BUY | $0.48 | 2,151,017 | $1,032,488 | 9,702,615 | +28.5% |
| 2020-06-05 16:08 | 2020-06-03 | PNFP | Pinnacle Financial Partners, Inc. 6.75% Non-Cumulative Perpetual Preferred Stock, Series B | INGRAM DAVID B | Director | National Commercial Banks | BUY | $25.00 | 80,000 | $2,000,000 | 80,000 | +100.0% |
| 2020-06-05 21:58 | 2020-06-03 | CRGS | N/A | GOLISANO B THOMAS | 10% owner | Other | BUY | $125,000.00 | 37,500 | $4,687,500,000 | 37,500 | +100.0% |
| 2020-06-06 00:23 | 2020-06-05 | SRLP | N/A | Sprague Resources Holdings LLC | 10% owner, Other | Other | BUY | $13.85 | 723,738 | $10,023,771 | 12,951,236 | +5.9% |
| 2020-06-04 18:44 | 2020-06-01 | PHD | Pioneer Floating Rate Fund, Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $9.19 | 248,446 | $2,284,039 | 4,142,249 | +6.4% |
| 2020-06-04 23:04 | 2020-06-04 | ALLO | Allogene Therapeutics Inc. | Belldegrun Arie | Director | Biological Products, (No Diagnostic Substances) | BUY | $47.00 | 146,382 | $6,879,954 | 1,798,163 | +8.9% |
| 2020-06-05 01:26 | 2020-06-02 | LJPC | N/A | TANG KEVIN C | Director, 10% owner | Other | BUY | $4.91 | 615,129 | $3,017,454 | 8,695,474 | +7.6% |
| 2020-06-04 18:38 | 2020-06-01 | EVF | Eaton Vance Senior Income Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.38 | 500,879 | $2,694,579 | 5,637,683 | +9.8% |
| 2020-06-04 23:31 | 2020-05-15 | HCHC | INNOVATE Corp. | GLAZER AVRAM A | Director | Fabricated Structural Metal Products | BUY | $2.83 | 612,634 | $1,736,143 | 3,190,634 | +23.8% |
| 2020-06-04 00:00 | 2020-06-01 | PSNL | Personalis, Inc. | Lightspeed Venture Partners Select IV, L.P. | Other | Services-Medical Laboratories | BUY | $13.81 | 458,451 | $6,331,346 | 458,451 | +100.0% |
| 2020-06-04 00:44 | 2020-06-01 | DEI | Douglas Emmett Inc | ANDERSON CHRISTOPHER H | Director | Real Estate Investment Trusts | BUY | $30.33 | 42,800 | $1,298,000 | 2,344,460 | +1.9% |
| 2020-06-04 00:48 | 2020-06-01 | LSXMK | Liberty Media Corp | WESCHLER, R. TED | Other | Television Broadcasting Stations | BUY | $37.35 | 450,000 | $16,807,500 | 35,692,115 | +1.3% |
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.