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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020-01-29 03:28 | 2020-01-24 | BRPM | Alta Equipment Group Inc. | B. Riley Financial, Inc. | 10% owner | Wholesale-Industrial Machinery & Equipment | BUY | $10.20 | 132,275 | $1,348,795 | 4,132,725 | +3.3% |
| 2020-01-29 00:51 | 2020-01-24 | ADAP | Adaptimmune Therapeutics PLC | BASKETT FOREST | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $0.67 | 7,500,000 | $5,000,250 | 19,500,000 | +62.5% |
| 2020-01-29 00:54 | 2020-01-24 | ADAP | Adaptimmune Therapeutics PLC | SANDELL SCOTT D | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $0.67 | 7,500,000 | $5,000,250 | 19,500,000 | +62.5% |
| 2020-01-29 00:53 | 2020-01-24 | ADAP | Adaptimmune Therapeutics PLC | MOTT DAVID M | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $0.67 | 7,500,000 | $5,000,250 | 19,500,000 | +62.5% |
| 2020-01-29 00:31 | 2020-01-28 | VTVT | vTv Therapeutics Inc. | PERELMAN RONALD O | 10% owner | Pharmaceutical Preparations | BUY | $1.60 | 1,250,000 | $2,000,000 | 32,856,212 | +4.0% |
| 2020-01-28 02:34 | 2020-01-23 | PBF | PBF Energy Inc. | Inversora Carso, S.A. de C.V. | 10% owner, Other | Petroleum Refining | BUY | $28.22 | 300,100 | $8,468,462 | 21,132,430 | +1.4% |
| 2020-01-27 20:51 | 2020-01-23 | ESPR | Esperion Therapeutics, Inc. | BIOTECH TARGET N V | 10% owner | Pharmaceutical Preparations | BUY | $52.12 | 20,000 | $1,042,398 | 3,747,964 | +0.5% |
| 2020-01-28 00:25 | 2020-01-23 | VCNX | VACCINEX, INC. | FRIEDBERG ALBERT | Director, 10% owner | Pharmaceutical Preparations | BUY | $5.09 | 982,318 | $4,999,999 | 7,601,330 | +14.8% |
| 2020-01-28 00:44 | 2020-01-27 | DFS | N/A | HOCHSCHILD ROGER C | Director, Officer - CEO and President | Other | BUY | $74.12 | 15,000 | $1,111,821 | 849,085 | +1.8% |
| 2020-01-28 00:39 | 2020-01-23 | SAFE | N/A | ISTAR INC. | 10% owner | Other | BUY | $45.08 | 45,000 | $2,028,600 | 31,286,502 | +0.1% |
| 2020-01-24 23:53 | 2020-01-22 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.13 | 537,836 | $2,757,754 | 29,073,304 | +1.9% |
| 2020-01-25 01:25 | 2020-01-22 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.65 | 278,398 | $5,747,833 | 25,476,929 | +1.1% |
| 2020-01-23 23:18 | 2020-01-16 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.62 | 186,033 | $3,836,577 | 25,198,531 | +0.7% |
| 2020-01-24 02:33 | 2020-01-21 | PBF | PBF Energy Inc. | Inversora Carso, S.A. de C.V. | 10% owner, Other | Petroleum Refining | BUY | $29.68 | 212,000 | $6,292,923 | 20,832,330 | +1.0% |
| 2020-01-23 00:44 | 2020-01-21 | SAFE | N/A | ISTAR INC. | 10% owner | Other | BUY | $44.04 | 30,000 | $1,321,200 | 31,241,502 | +0.1% |
| 2020-01-22 01:47 | 2020-01-13 | APLS | Apellis Pharmaceuticals Inc. | Morningside Venture Investments Ltd | 10% owner | Pharmaceutical Preparations | BUY | $37.00 | 540,540 | $19,999,980 | 12,556,342 | +4.5% |
| 2020-01-22 01:24 | 2020-01-16 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.62 | 185,433 | $3,824,352 | 25,197,931 | +0.7% |
| 2020-01-22 02:49 | 2020-01-16 | PBF | PBF Energy Inc. | Inversora Carso, S.A. de C.V. | 10% owner, Other | Petroleum Refining | BUY | $30.90 | 553,796 | $17,109,527 | 20,620,330 | +2.8% |
| 2020-01-22 01:21 | 2020-01-16 | MRUS | Merus N.V. | BVF PARTNERS L P/IL | 10% owner | Pharmaceutical Preparations | BUY | $16.15 | 278,730 | $4,501,490 | 244,303 | +100.0% |
| 2020-01-17 21:38 | 2020-01-14 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.08 | 364,348 | $1,849,321 | 28,778,807 | +1.3% |
| 2020-01-18 00:22 | 2020-01-15 | JPM | JPMORGAN CHASE & CO | Erdoes Mary E. | Officer - CEO Asset & Wealth Management | National Commercial Banks | BUY | $100.00 | 51,000 | $5,100,000 | 51,000 | +100.0% |
| 2020-01-18 03:45 | 2020-01-15 | BRPM | Alta Equipment Group Inc. | B. Riley Financial, Inc. | 10% owner | Wholesale-Industrial Machinery & Equipment | BUY | $10.19 | 250,000 | $2,547,500 | 0 | +100.0% |
| 2020-01-18 00:56 | 2020-01-15 | SAFE | N/A | ISTAR INC. | 10% owner | Other | BUY | $41.91 | 44,900 | $1,881,849 | 31,211,502 | +0.1% |
| 2020-01-17 00:20 | 2020-01-14 | APTX | N/A | Koppel Adam | Director, 10% owner | Other | BUY | $3.00 | 3,333,333 | $9,999,999 | 5,558,425 | +149.8% |
| 2020-01-17 00:17 | 2019-12-24 | VRA | Vera Bradley, Inc. | Miller Patricia R. | 10% owner | Leather & Leather Products | BUY | $11.73 | 883,340 | $10,361,578 | 3,900,978 | +29.3% |
| 2020-01-17 00:24 | 2020-01-15 | JPM | JPMORGAN CHASE & CO | HOBSON MELLODY L | Director | National Commercial Banks | BUY | $136.39 | 14,600 | $1,991,253 | 124,155 | +13.3% |
| 2020-01-16 00:54 | 2020-01-13 | OSMT | N/A | Harsaul Foundation | 10% owner | Other | BUY | $5.00 | 1,250,000 | $6,250,000 | 22,485,297 | +5.9% |
| 2020-01-16 00:39 | 2020-01-13 | OSMT | N/A | Altchem Ltd | 10% owner | Other | BUY | $5.00 | 1,250,000 | $6,250,000 | 22,485,297 | +5.9% |
| 2020-01-16 00:11 | 2020-01-13 | OSMT | N/A | Avista Capital Partners III GP, L.P. | 10% owner | Other | BUY | $5.00 | 1,250,000 | $6,250,000 | 15,730,864 | +8.6% |
| 2020-01-16 00:13 | 2020-01-13 | OSMT | N/A | Venkataraman Sriram | Director, 10% owner | Other | BUY | $5.00 | 1,250,000 | $6,250,000 | 15,730,864 | +8.6% |
| 2020-01-16 00:11 | 2020-01-13 | OSMT | N/A | Burgstahler David F | Director, 10% owner | Other | BUY | $5.00 | 1,250,000 | $6,250,000 | 15,730,864 | +8.6% |
| 2020-01-16 01:26 | 2020-01-13 | TRN | TRINITY INDUSTRIES INC | Boze Brandon B | Director, 10% owner, Other | Railroad Equipment | BUY | $20.72 | 122,500 | $2,538,102 | 25,012,498 | +0.5% |
| 2020-01-16 02:32 | 2020-01-13 | MRUS | Merus N.V. | BVF PARTNERS L P/IL | 10% owner | Pharmaceutical Preparations | BUY | $14.98 | 83,962 | $1,257,616 | 224,576 | +59.7% |
| 2020-01-14 21:53 | 2020-01-10 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.07 | 343,925 | $1,743,700 | 28,414,459 | +1.2% |
| 2020-01-15 00:30 | 2020-01-10 | MRTX | N/A | Boxer Capital, LLC | 10% owner | Other | BUY | $97.50 | 50,000 | $4,875,000 | 1,765,560 | +2.9% |
| 2020-01-15 02:35 | 2020-01-10 | BRPM | Alta Equipment Group Inc. | B. Riley Financial, Inc. | 10% owner | Wholesale-Industrial Machinery & Equipment | BUY | $10.16 | 493,777 | $5,015,737 | 0 | +100.0% |
| 2020-01-15 01:05 | 2020-01-10 | APTX | N/A | ADAMS STREET PARTNERS LLC | 10% owner | Other | BUY | $3.00 | 1,000,000 | $3,000,000 | 1,465,716 | +214.7% |
| 2020-01-14 01:07 | 2020-01-13 | MIST | Milestone Pharmaceuticals Inc. | RTW INVESTMENTS, LP | 10% owner | Pharmaceutical Preparations | BUY | $16.25 | 270,000 | $4,387,500 | 4,228,264 | +6.8% |
| 2020-01-14 01:59 | 2020-01-09 | LJPC | N/A | TANG KEVIN C | Director, 10% owner | Other | BUY | $5.87 | 2,971,682 | $17,434,561 | 7,910,575 | +60.2% |
| 2020-01-10 22:13 | 2020-01-08 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.06 | 1,549,975 | $7,842,874 | 28,070,534 | +5.8% |
| 2020-01-10 00:20 | 2020-01-09 | MOSC | N/A | Maura David M | Director, Officer, 10% owner - President and CEO | Other | BUY | $10.29 | 100,000 | $1,029,000 | 435,066 | +29.8% |
| 2020-01-09 23:17 | 2020-01-07 | CRGS | N/A | Saunders E. Philip | Director | Other | BUY | $100,000.00 | 30,000 | $3,000,000,000 | 30,000 | +100.0% |
| 2020-01-09 23:09 | 2020-01-07 | CRGS | N/A | GOLISANO B THOMAS | 10% owner | Other | BUY | $125,000.00 | 37,500 | $4,687,500,000 | 37,500 | +100.0% |
| 2020-01-09 00:51 | 2020-01-06 | PPR | Saba Capital Income & Opportunities Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $5.04 | 358,033 | $1,805,775 | 26,520,559 | +1.4% |
| 2020-01-08 17:02 | 2020-01-07 | GBDC | GOLUB CAPITAL BDC, Inc. | STRS OHIO | 10% owner | Other | BUY | $17.60 | 403,046 | $7,093,610 | 15,870,054 | +2.6% |
| 2020-01-09 00:54 | 2020-01-08 | LW | Lamb Weston Holdings, Inc. | JURGENSEN WILLIAM G | Director | Canned, Frozen & Preservd Fruit, Veg & Food Specialties | BUY | $92.01 | 18,000 | $1,656,189 | 146,536 | +14.0% |
| 2020-01-07 19:52 | 2019-12-31 | N-A | N/A | Manufacturers Life Reinsurance Ltd | 10% owner | Other | BUY | $21.65 | 1,165,509 | $25,228,500 | 28,138,500 | +4.3% |
| 2020-01-07 19:40 | 2019-12-31 | N-A | N/A | Manulife (International) Ltd | 10% owner | Other | BUY | $21.65 | 751,413 | $16,265,015 | 18,141,115 | +4.3% |
| 2020-01-07 20:22 | 2020-01-06 | EFR | Eaton Vance Senior Floating-Rate Trust | UBS Group AG | 10% owner | Other | BUY | $13.55 | 347,267 | $4,705,468 | 1,414,559 | +32.5% |
| 2020-01-07 16:53 | 2020-01-03 | EFR | Eaton Vance Senior Floating-Rate Trust | UBS Group AG | 10% owner | Other | BUY | $13.55 | 347,473 | $4,708,259 | 1,067,292 | +48.3% |
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.