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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-03-05 05:24 | 2020-03-02 | ICMB | Investcorp Credit Management BDC, Inc. | Investcorp BDC Holdings Ltd | 10% owner | Other | BUY | $10.02 | 118,002 | $1,182,958 | 387,133 | +43.8% |
| 2020-03-04 18:43 | 2020-03-03 | BCO | BRINKS CO | Pertz Douglas A | Director, Officer - President and CEO | Arrangement of Transportation of Freight & Cargo | BUY | $79.98 | 15,000 | $1,199,750 | 393,495 | +4.0% |
| 2020-03-03 16:01 | 2020-02-28 | VZ | VERIZON COMMUNICATIONS INC | Dunne Ronan | Officer - EVP and Group CEO-VZ Consumer | Telephone Communications (No Radiotelephone) | BUY | $53.47 | 18,839 | $1,007,321 | 33,956 | +124.6% |
| 2020-03-04 00:59 | 2020-02-28 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $117.94 | 110,000 | $12,973,477 | 22,055,866 | +0.5% |
| 2020-03-04 03:03 | 2020-03-03 | PASG | Passage BIO, Inc. | Versant Venture Capital VI, L.P. | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $18.00 | 225,000 | $4,050,000 | 933,352 | +31.8% |
| 2020-03-04 02:57 | 2020-03-03 | PASG | Passage BIO, Inc. | Woiwode Thomas | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $18.00 | 225,000 | $4,050,000 | 933,352 | +31.8% |
| 2020-03-04 00:12 | 2020-03-03 | ECC | Eagle Point Credit Co Inc. | Majewski Thomas P. | Director, Officer, Other - Chief Executive Officer | Other | BUY | $50,700.00 | 50,000 | $2,535,000,000 | 0 | +100.0% |
| 2020-03-03 23:22 | 2020-02-28 | PNC | PNC FINANCIAL SERVICES GROUP, INC. | Feldstein Andrew T | Director | National Commercial Banks | BUY | $123.49 | 24,168 | $2,984,506 | 19,856 | +100.0% |
| 2020-03-03 20:13 | 2020-02-28 | SPWR | N/A | TOTAL S.A. | Director, 10% owner | Other | BUY | $8.19 | 203,319 | $1,665,203 | 82,748,589 | +0.2% |
| 2020-03-03 19:09 | 2020-02-28 | DMTK | N/A | RTW INVESTMENTS, LP | 10% owner | Other | BUY | $10.71 | 167,456 | $1,793,219 | 2,554,327 | +7.0% |
| 2020-03-04 04:04 | 2020-02-28 | ALTG | Alta Equipment Group Inc. | B. Riley Financial, Inc. | 10% owner | Wholesale-Industrial Machinery & Equipment | BUY | $8.52 | 308,942 | $2,632,433 | 5,755,481 | +5.7% |
| 2020-03-04 00:25 | 2020-02-28 | W | Wayfair Inc. | Spruce House Partnership LLC | 10% owner | Retail-Catalog & Mail-Order Houses | BUY | $61.68 | 250,000 | $15,420,000 | 8,000,000 | +3.2% |
| 2020-03-04 02:54 | 2020-03-03 | PASG | Passage BIO, Inc. | Heron Patrick J | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $18.00 | 550,000 | $9,900,000 | 5,009,219 | +12.3% |
| 2020-03-04 01:33 | 2020-02-28 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.56 | 662,626 | $13,625,910 | 26,832,620 | +2.5% |
| 2020-03-04 02:59 | 2020-03-03 | PASG | Passage BIO, Inc. | Frazier Life Sciences IX, L.P. | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $18.00 | 550,000 | $9,900,000 | 5,009,219 | +12.3% |
| 2020-03-04 02:46 | 2020-02-28 | PANW | Palo Alto Networks Inc | Donovan John | Director | Computer Peripheral Equipment, NEC | BUY | $184.98 | 16,229 | $3,002,055 | 25,090 | +183.2% |
| 2020-03-03 17:00 | 2020-02-28 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - CEO | Natural Gas Transmission | BUY | $10.80 | 300,000 | $3,240,000 | 46,828,477 | +0.6% |
| 2020-03-04 00:33 | 2020-02-28 | CLR | N/A | BERRY WILLIAM B | Director, Officer - Chief Executive Officer | Other | BUY | $18.38 | 90,000 | $1,654,380 | 931,301 | +10.7% |
| 2020-03-04 02:21 | 2020-02-28 | CUTR | N/A | PLANTS J DANIEL | Director | Other | BUY | $24.17 | 50,000 | $1,208,310 | 381,489 | +15.1% |
| 2020-03-04 02:18 | 2020-03-02 | HESM | Hess Midstream LP | HESS JOHN B | Director, Officer - Chairman and CEO | Crude Petroleum & Natural Gas | BUY | $19.67 | 52,000 | $1,022,788 | 182,425 | +39.9% |
| 2020-03-04 03:07 | 2020-02-28 | PASG | Passage BIO, Inc. | ORBIMED ADVISORS LLC | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $18.00 | 373,300 | $6,719,400 | 373,300 | +100.0% |
| 2020-03-04 03:04 | 2020-02-28 | CPE | N/A | WEBSTER STEVEN A | Director | Other | BUY | $2.10 | 600,000 | $1,260,660 | 595,000 | +100.0% |
| 2020-03-03 00:32 | 2020-02-27 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.04 | 105,300 | $13,061,065 | 21,945,866 | +0.5% |
| 2020-03-03 02:50 | 2020-02-27 | SIX | N/A | Ruchim Arik W | Director | Other | BUY | $25.07 | 500,000 | $12,536,000 | 7,500,000 | +7.1% |
| 2020-03-03 01:02 | 2020-02-27 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $4.92 | 296,707 | $1,460,422 | 34,100,237 | +0.9% |
| 2020-03-02 22:50 | 2020-02-27 | BPYU | N/A | Kingston Brian | Officer - Chief Executive Officer | Other | BUY | $16.66 | 75,000 | $1,249,500 | 120,000 | +166.7% |
| 2020-03-02 16:59 | 2020-02-27 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - CEO | Natural Gas Transmission | BUY | $10.64 | 4,000,000 | $42,560,000 | 46,528,477 | +9.4% |
| 2020-03-03 00:33 | 2020-02-28 | MS | MORGAN STANLEY | LUCZO STEPHEN J | Director | Security Brokers, Dealers & Flotation Companies | BUY | $44.97 | 50,000 | $2,248,735 | 171,000 | +41.3% |
| 2020-03-03 00:55 | 2020-02-27 | EHI | WESTERN ASSET GLOBAL HIGH INCOME FUND INC. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $9.77 | 364,315 | $3,558,884 | 8,762,988 | +4.3% |
| 2020-03-02 14:42 | 2020-02-28 | NLSN | N/A | KENNY DAVID W | Director, Officer - Chief Executive Officer | Other | BUY | $18.08 | 55,400 | $1,001,632 | 655,792 | +9.2% |
| 2020-03-03 00:22 | 2020-02-28 | PNFP | Pinnacle Financial Partners, Inc. 6.75% Non-Cumulative Perpetual Preferred Stock, Series B | INGRAM DAVID B | Director | National Commercial Banks | BUY | $53.10 | 19,000 | $1,008,900 | 77,367 | +32.6% |
| 2020-03-03 03:06 | 2020-02-27 | NOG | NORTHERN OIL & GAS, INC. | Rowling Robert B. | 10% owner | Crude Petroleum & Natural Gas | BUY | $1.35 | 2,000,000 | $2,700,400 | 87,129,101 | +2.3% |
| 2020-03-03 02:48 | 2020-02-27 | DAL | DELTA AIR LINES, INC. | BERKSHIRE HATHAWAY INC | 10% owner | Air Transportation, Scheduled | BUY | $46.40 | 976,507 | $45,308,460 | 71,886,963 | +1.4% |
| 2020-03-03 01:02 | 2020-02-27 | COTY | COTY INC. | Cottage Holdco B.V. | 10% owner | Perfumes, Cosmetics & Other Toilet Preparations | BUY | $11.49 | 3,260,329 | $37,473,243 | 454,168,370 | +0.7% |
| 2020-02-29 00:26 | 2020-02-26 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.41 | 102,700 | $12,777,349 | 21,840,566 | +0.5% |
| 2020-02-29 05:00 | 2020-02-26 | SPWR | N/A | TOTAL S.A. | Director, 10% owner | Other | BUY | $8.56 | 339,897 | $2,909,246 | 82,545,270 | +0.4% |
| 2020-02-29 03:09 | 2020-02-26 | NGM | N/A | Svennilson Peter | Director, 10% owner | Other | BUY | $17.91 | 75,447 | $1,351,595 | 16,541,176 | +0.5% |
| 2020-02-29 02:33 | 2020-02-28 | KKR | KKR & Co. Inc. | Lewin Robert H | Officer - Chief Financial Officer | Investment Advice | BUY | $28.38 | 50,000 | $1,419,000 | 54,000 | +1,250.0% |
| 2020-02-29 03:10 | 2020-02-26 | NGM | N/A | COLUMN GROUP L P | 10% owner | Other | BUY | $17.91 | 75,447 | $1,351,595 | 374,269 | +25.2% |
| 2020-02-28 19:50 | 2019-11-25 | LEDS | SemiLEDs Corp | Simplot Scott R. | Director, 10% owner | Semiconductors & Related Devices | BUY | $3.00 | 500,000 | $1,500,000 | 500,000 | +100.0% |
| 2020-02-28 19:49 | 2019-11-25 | LEDS | SemiLEDs Corp | J.R. Simplot Co | 10% owner | Semiconductors & Related Devices | BUY | $3.00 | 500,000 | $1,500,000 | 500,000 | +100.0% |
| 2020-02-29 00:26 | 2020-02-26 | AAT | American Assets Trust, Inc. | RADY ERNEST S | Director, Officer, 10% owner - Chairman, CEO & President | Real Estate Investment Trusts | BUY | $42.77 | 33,313 | $1,424,674 | 6,024,815 | +0.6% |
| 2020-02-29 03:07 | 2020-02-26 | NGM | N/A | GOEDDEL DAVID V | Director, 10% owner | Other | BUY | $17.91 | 75,447 | $1,351,595 | 16,731,176 | +0.5% |
| 2020-02-29 01:53 | 2020-02-28 | KMI | KINDER MORGAN, INC. | KINDER RICHARD D | Director, Officer, 10% owner - Executive Chairman | Natural Gas Transmission | BUY | $18.88 | 300,000 | $5,663,940 | 243,739,120 | +0.1% |
| 2020-02-29 00:30 | 2020-02-26 | GEO | GEO GROUP INC | ZOLEY GEORGE C | Director, Officer - Chairman & CEO | General Bldg Contractors - Residential Bldgs | BUY | $16.17 | 250,000 | $4,043,600 | 2,365,060 | +11.8% |
| 2020-02-27 17:21 | 2020-02-26 | N-A | N/A | STRS OHIO | 10% owner | Other | BUY | $15.00 | 85,324 | $1,279,866 | 6,679,701 | +1.3% |
| 2020-02-28 00:33 | 2020-02-25 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $125.00 | 134,500 | $16,812,406 | 21,737,866 | +0.6% |
| 2020-02-28 03:49 | 2020-02-24 | AXGT | N/A | Roivant Sciences Ltd. | 10% owner | Other | BUY | $3.75 | 5,333,333 | $19,999,999 | 18,577,380 | +40.3% |
| 2020-02-28 04:07 | 2020-02-25 | ALTG | Alta Equipment Group Inc. | B. Riley Financial, Inc. | 10% owner | Wholesale-Industrial Machinery & Equipment | BUY | $9.09 | 246,270 | $2,238,200 | 5,446,539 | +4.7% |
| 2020-02-28 01:04 | 2020-02-25 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.75 | 276,175 | $5,730,797 | 26,169,994 | +1.1% |
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.