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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-02-07 00:11 | 2020-02-04 | KZR | Kezar Life Sciences, Inc. | Morningside Venture Investments Ltd | 10% owner | Pharmaceutical Preparations | BUY | $2.60 | 3,800,000 | $9,880,000 | 6,109,052 | +164.6% |
| 2020-02-06 19:27 | 2020-02-04 | ARQT | Arcutis Biotherapeutics Inc. | Heron Patrick J | Director, 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 500,000 | $8,500,000 | 10,542,790 | +5.0% |
| 2020-02-06 18:29 | 2020-02-04 | ARQT | Arcutis Biotherapeutics Inc. | Frazier Life Sciences VIII, L.P. | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 500,000 | $8,500,000 | 10,542,790 | +5.0% |
| 2020-02-07 01:08 | 2020-02-06 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | WILLIAMS RANDA DUNCAN | Director, 10% owner | Natural Gas Transmission | BUY | $26.05 | 50,000 | $1,302,640 | 4,483,218 | +1.1% |
| 2020-02-06 01:04 | 2020-02-03 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $134.65 | 96,007 | $12,927,669 | 21,338,237 | +0.5% |
| 2020-02-06 02:02 | 2020-02-03 | BDTX | Black Diamond Therapeutics, Inc. | Versant Venture Capital VI, L.P. | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $19.00 | 894,736 | $16,999,984 | 1,206,603 | +286.9% |
| 2020-02-06 01:58 | 2020-02-03 | BDTX | Black Diamond Therapeutics, Inc. | Shah Rajeev M. | Director | Biological Products, (No Diagnostic Substances) | BUY | $19.00 | 1,000,000 | $19,000,000 | 353,814 | +100.0% |
| 2020-02-06 01:55 | 2020-02-03 | BDTX | Black Diamond Therapeutics, Inc. | Behbahani Ali | Director | Biological Products, (No Diagnostic Substances) | BUY | $19.00 | 800,000 | $15,200,000 | 3,448,757 | +30.2% |
| 2020-02-06 01:43 | 2020-02-03 | CERC | Avalo Therapeutics, Inc. | ARMISTICE CAPITAL, LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $3.98 | 1,256,282 | $5,000,002 | 675,000 | +100.0% |
| 2020-02-06 01:39 | 2020-02-03 | BRPM | Alta Equipment Group Inc. | B. Riley Financial, Inc. | 10% owner | Wholesale-Industrial Machinery & Equipment | BUY | $10.21 | 108,333 | $1,106,578 | 4,241,058 | +2.6% |
| 2020-02-06 01:59 | 2020-02-03 | BDTX | Black Diamond Therapeutics, Inc. | Bolzon Bradley J PhD | Director | Biological Products, (No Diagnostic Substances) | BUY | $19.00 | 894,736 | $16,999,984 | 1,206,603 | +286.9% |
| 2020-02-06 01:28 | 2020-02-04 | T | AT&T INC. | LUCZO STEPHEN J | Director | Telephone Communications (No Radiotelephone) | BUY | $37.60 | 100,000 | $3,760,380 | 164,000 | +156.3% |
| 2020-02-06 01:16 | 2020-02-05 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | WILLIAMS RANDA DUNCAN | Director, 10% owner | Natural Gas Transmission | BUY | $26.40 | 50,000 | $1,320,135 | 4,470,718 | +1.1% |
| 2020-02-05 00:30 | 2020-01-31 | PKD | N/A | HIGHBRIDGE CAPITAL MANAGEMENT LLC | 10% owner | Other | BUY | $17.06 | 88,589 | $1,511,674 | 1,743,572 | +5.4% |
| 2020-02-05 00:28 | 2020-01-31 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $130.75 | 126,609 | $16,553,709 | 21,242,230 | +0.6% |
| 2020-02-05 02:27 | 2020-01-31 | PBF | PBF Energy Inc. | Inversora Carso, S.A. de C.V. | 10% owner, Other | Petroleum Refining | BUY | $26.77 | 263,471 | $7,052,249 | 21,595,901 | +1.2% |
| 2020-02-05 01:27 | 2020-02-03 | ARQT | Arcutis Biotherapeutics Inc. | SILVERSTEIN JONATHAN | Director, 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 558,888 | $9,501,096 | 176,500 | +100.0% |
| 2020-02-04 16:00 | 2020-02-03 | ALBO | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $21.00 | 255,809 | $5,371,989 | 1,960,139 | +15.0% |
| 2020-02-05 00:26 | 2020-01-31 | SAFE | N/A | ISTAR INC. | 10% owner | Other | BUY | $46.24 | 45,000 | $2,080,800 | 31,376,502 | +0.1% |
| 2020-02-05 00:52 | 2020-01-31 | PGEN | PRECIGEN, INC. | KIRK RANDAL J | Director, Officer, 10% owner - Executive Chairman | Pharmaceutical Preparations | BUY | $5.86 | 5,972,696 | $34,999,999 | 182,200 | +100.0% |
| 2020-02-05 01:25 | 2020-02-04 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | WILLIAMS RANDA DUNCAN | Director, 10% owner | Natural Gas Transmission | BUY | $26.15 | 50,000 | $1,307,675 | 4,458,218 | +1.1% |
| 2020-02-05 01:30 | 2020-02-03 | ARQT | Arcutis Biotherapeutics Inc. | ORBIMED ADVISORS LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 558,888 | $9,501,096 | 176,500 | +100.0% |
| 2020-02-05 04:16 | 2020-01-31 | AMRS | N/A | DOERR L JOHN | Director, 10% owner | Other | BUY | $2.87 | 10,505,652 | $30,151,221 | 53,210,862 | +24.6% |
| 2020-02-04 00:45 | 2020-01-30 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $131.51 | 159,055 | $20,917,132 | 21,115,621 | +0.8% |
| 2020-02-03 23:20 | 2020-01-30 | N-A | Crescent Capital BDC, Inc. | UFCW-Northern California Employers Joint Pension Plan | 10% owner | Other | BUY | $19.56 | 343,178 | $6,711,532 | 4,228,985 | +8.8% |
| 2020-02-04 01:11 | 2020-01-30 | N/A | Blackstone Secured Lending Fund | Universities Superannuation Scheme Ltd as sole corporate trustee for Universities Superannuation Scheme | Other | Other | BUY | $26.14 | 1,606,733 | $42,000,000 | 7,545,151 | +27.1% |
| 2020-02-03 21:35 | 2020-01-30 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.14 | 1,318,243 | $6,775,769 | 31,728,463 | +4.3% |
| 2020-02-04 01:07 | 2020-01-30 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.57 | 259,079 | $5,329,825 | 25,883,117 | +1.0% |
| 2020-02-04 01:02 | 2020-01-30 | LJPC | N/A | TANG KEVIN C | Director, 10% owner | Other | BUY | $6.76 | 169,770 | $1,146,966 | 8,080,345 | +2.1% |
| 2020-02-04 00:41 | 2020-02-03 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | WILLIAMS RANDA DUNCAN | Director, 10% owner | Natural Gas Transmission | BUY | $25.62 | 200,000 | $5,123,640 | 4,445,718 | +4.7% |
| 2020-02-03 21:25 | 2020-02-03 | BDTX | Black Diamond Therapeutics, Inc. | Flynn James E | 10% owner, Other | Biological Products, (No Diagnostic Substances) | BUY | $19.00 | 400,000 | $7,600,000 | 778,790 | +105.6% |
| 2020-02-01 00:39 | 2020-01-29 | PKD | N/A | HIGHBRIDGE CAPITAL MANAGEMENT LLC | 10% owner | Other | BUY | $17.63 | 92,299 | $1,626,945 | 1,654,983 | +5.9% |
| 2020-02-01 00:55 | 2020-01-29 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $135.70 | 73,295 | $9,945,890 | 20,956,566 | +0.4% |
| 2020-01-31 14:01 | 2020-01-30 | ANTM | Elevance Health, Inc. | BOUDREAUX GAIL | Director, Officer - President and CEO | Hospital & Medical Service Plans | BUY | $263.70 | 7,600 | $2,004,152 | 26,556 | +40.1% |
| 2020-01-31 00:54 | 2020-01-28 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $134.99 | 66,605 | $8,991,102 | 20,883,271 | +0.3% |
| 2020-01-30 19:09 | 2020-01-30 | N-A | Crescent Capital BDC, Inc. | Texas County & District Retirement System | 10% owner | Other | BUY | $19.56 | 408,545 | $7,989,919 | 5,001,753 | +8.9% |
| 2020-01-30 19:29 | 2020-01-28 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.12 | 581,613 | $2,977,859 | 30,410,220 | +1.9% |
| 2020-01-31 04:24 | 2020-01-28 | NOG | NORTHERN OIL & GAS, INC. | Rowling Robert B. | 10% owner | Crude Petroleum & Natural Gas | BUY | $1.67 | 3,364,000 | $5,632,345 | 80,071,101 | +4.4% |
| 2020-01-31 00:47 | 2020-01-28 | SAFE | N/A | ISTAR INC. | 10% owner | Other | BUY | $46.64 | 45,000 | $2,098,800 | 31,331,502 | +0.1% |
| 2020-01-30 23:46 | 2020-01-29 | CRGS | N/A | GOLISANO B THOMAS | 10% owner | Other | BUY | $125,000.00 | 37,500 | $4,687,500,000 | 37,500 | +100.0% |
| 2020-01-30 00:50 | 2020-01-27 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $134.50 | 110,433 | $14,853,404 | 20,816,666 | +0.5% |
| 2020-01-30 00:56 | 2020-01-27 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.85 | 147,109 | $3,067,605 | 25,624,038 | +0.6% |
| 2020-01-30 02:25 | 2020-01-27 | PBF | PBF Energy Inc. | Inversora Carso, S.A. de C.V. | 10% owner, Other | Petroleum Refining | BUY | $26.79 | 200,000 | $5,357,380 | 21,332,430 | +0.9% |
| 2020-01-28 22:34 | 2019-11-27 | N-A | N/A | LEGG MASON, INC. | 10% owner, Other | Other | BUY | $10.11 | 98,912 | $1,000,000 | 2,128,912 | +4.9% |
| 2020-01-28 22:29 | 2019-09-04 | N-A | N/A | LEGG MASON, INC. | 10% owner, Other | Other | BUY | $10.00 | 2,020,000 | $20,200,000 | 2,030,000 | +20,200.0% |
| 2020-01-29 00:39 | 2020-01-24 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $136.00 | 81,100 | $11,029,722 | 20,706,233 | +0.4% |
| 2020-01-29 00:52 | 2020-01-24 | ADAP | Adaptimmune Therapeutics PLC | Behbahani Ali | Director | Biological Products, (No Diagnostic Substances) | BUY | $0.67 | 7,500,000 | $5,000,250 | 19,500,000 | +62.5% |
| 2020-01-29 00:52 | 2020-01-24 | ADAP | Adaptimmune Therapeutics PLC | Florence Anthony A. Jr. | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $0.67 | 7,500,000 | $5,000,250 | 19,500,000 | +62.5% |
| 2020-01-29 00:55 | 2020-01-24 | ADAP | Adaptimmune Therapeutics PLC | Sonsini Peter W. | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $0.67 | 7,500,000 | $5,000,250 | 19,500,000 | +62.5% |
| 2020-01-28 19:16 | 2020-01-24 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.12 | 352,479 | $1,804,692 | 29,536,023 | +1.2% |
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.