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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-10-03 04:42 | 2018-09-28 | ETTX | N/A | Topper James N | Director, 10% owner | Other | BUY | $15.00 | 375,887 | $5,638,305 | 1,349,953 | +38.6% |
| 2018-10-03 04:38 | 2018-09-28 | ETTX | N/A | GALAKATOS NICHOLAS | Director, 10% owner | Other | BUY | $15.00 | 453,395 | $6,800,925 | 1,623,405 | +38.8% |
| 2018-10-03 04:36 | 2018-09-28 | ETTX | N/A | Clarus Lifesciences III, L.P. | 10% owner | Other | BUY | $15.00 | 453,395 | $6,800,925 | 1,623,405 | +38.8% |
| 2018-10-03 04:41 | 2018-09-28 | ETTX | N/A | Sofinnova Venture Partners IX, L.P. | 10% owner | Other | BUY | $15.00 | 337,724 | $5,065,860 | 1,180,178 | +40.1% |
| 2018-10-02 23:46 | 2018-09-28 | ETTX | N/A | TPG Group Holdings (SBS) Advisors, Inc. | Other | Other | BUY | $15.00 | 262,539 | $3,938,085 | 1,020,748 | +34.6% |
| 2018-10-01 23:36 | 2018-09-28 | ETTX | N/A | Novo Holdings A/S | 10% owner | Other | BUY | $15.00 | 1,089,835 | $16,347,525 | 2,181,843 | +99.8% |
| 2018-10-02 01:15 | 2018-09-27 | GCP | N/A | Dalbergia Investments LLC | 10% owner | Other | BUY | $26.16 | 293,525 | $7,679,994 | 4,083,932 | +7.7% |
| 2018-10-02 01:37 | 2018-09-27 | VTVT | vTv Therapeutics Inc. | PERELMAN RONALD O | 10% owner | Pharmaceutical Preparations | BUY | $1.33 | 1,879,699 | $2,500,000 | 8,658,169 | +27.7% |
| 2018-10-02 00:10 | 2018-09-27 | RUN | Sunrun Inc. | TIGER GLOBAL MANAGEMENT LLC | 10% owner | Miscellaneous Electrical Machinery, Equipment & Supplies | BUY | $12.11 | 123,700 | $1,498,292 | 15,000,000 | +0.8% |
| 2018-10-01 20:47 | 2018-10-01 | ARVN | Arvinas Inc. | Flynn James E | 10% owner, Other | Pharmaceutical Preparations | BUY | $16.00 | 312,500 | $5,000,000 | 411,244 | +316.5% |
| 2018-09-28 22:14 | 2018-09-24 | BBDC | Barings BDC, Inc. | BARINGS LLC | 10% owner, Other | Other | BUY | $10.06 | 252,585 | $2,541,712 | 8,782,502 | +3.0% |
| 2018-09-29 00:30 | 2018-09-27 | FMCB | FARMERS & MERCHANTS BANCORP | SANGUINETTI KEVIN | Director | National Commercial Banks | BUY | $690.00 | 2,250 | $1,552,500 | 7,282 | +44.7% |
| 2018-09-27 23:23 | 2018-09-25 | FATE | FATE THERAPEUTICS INC | Redmile Group, LLC | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $13.50 | 3,703,704 | $50,000,004 | 10,359,666 | +55.6% |
| 2018-09-27 22:11 | 2018-09-25 | MTEM | N/A | Morenstein Scott D | Director | Other | BUY | $5.50 | 545,454 | $2,999,997 | 1,559,241 | +53.8% |
| 2018-09-27 23:35 | 2018-09-27 | KMI | KINDER MORGAN, INC. | KINDER RICHARD D | Director, Officer, 10% owner - Executive Chairman | Natural Gas Transmission | BUY | $17.55 | 500,000 | $8,776,500 | 235,212,353 | +0.2% |
| 2018-09-28 03:31 | 2018-05-15 | DAVE | N/A | Kanen David | 10% owner | Other | BUY | $6.92 | 497,569 | $3,444,272 | 1,201,125 | +70.7% |
| 2018-09-26 23:16 | 2018-09-25 | YMAB | N/A | TYAGI ASHU | Director | Other | BUY | $16.00 | 430,174 | $6,882,784 | 1,392,740 | +44.7% |
| 2018-09-26 16:42 | 2018-09-25 | SIC | N/A | Solace Capital Partners, L.P. | 10% owner, Other | Other | BUY | $10.20 | 500,000 | $5,100,000 | 4,036,439 | +14.1% |
| 2018-09-26 16:19 | 2018-09-25 | N-A | N/A | STRS OHIO | 10% owner | Other | BUY | $15.00 | 127,608 | $1,914,123 | 16,528,357 | +0.8% |
| 2018-09-26 23:57 | 2018-09-25 | LGF-B | STARZ ENTERTAINMENT CORP /CN/ | BURNS MICHAEL RAYMOND | Director, Officer - Vice Chairman | Services-Motion Picture & Video Tape Production | BUY | $20.43 | 50,000 | $1,021,500 | 1,086,868 | +4.8% |
| 2018-09-26 00:15 | 2018-09-21 | GCP | N/A | Dalbergia Investments LLC | 10% owner | Other | BUY | $26.36 | 84,298 | $2,222,390 | 3,790,407 | +2.3% |
| 2018-09-26 03:41 | 2018-09-21 | YMAB | N/A | HEALY JAMES | Director | Other | BUY | $16.00 | 500,000 | $8,000,000 | 2,104,278 | +31.2% |
| 2018-09-25 23:43 | 2018-09-21 | MTEM | N/A | Longitude Capital Partners III, LLC | 10% owner | Other | BUY | $5.50 | 365,000 | $2,007,500 | 3,261,535 | +12.6% |
| 2018-09-25 23:18 | 2018-09-21 | MTEM | N/A | Hirsch David | Director, 10% owner | Other | BUY | $5.50 | 365,000 | $2,007,500 | 3,261,535 | +12.6% |
| 2018-09-25 01:05 | 2018-09-20 | APLS | Apellis Pharmaceuticals Inc. | Morningside Venture Investments Ltd | 10% owner | Pharmaceutical Preparations | BUY | $19.48 | 81,323 | $1,583,961 | 11,574,626 | +0.7% |
| 2018-09-24 15:34 | 2018-09-21 | REV | N/A | PERELMAN RONALD O | Director, 10% owner | Other | BUY | $20.95 | 100,000 | $2,094,790 | 44,967,130 | +0.2% |
| 2018-09-24 15:32 | 2018-09-20 | ACAD | Acadia Pharmaceuticals Inc. | BAKER BROS. ADVISORS LP | Director, 10% owner | Pharmaceutical Preparations | BUY | $18.70 | 1,210,776 | $22,646,960 | 24,798,117 | +5.1% |
| 2018-09-21 23:48 | 2018-09-20 | SHSP | N/A | CAT ROCK CAPITAL MANAGEMENT LP | 10% owner | Other | BUY | $13.32 | 81,111 | $1,080,504 | 1,251,326 | +6.9% |
| 2018-09-22 01:17 | 2018-06-08 | TSIFX | Tax-Exempt Private Credit Fund, Inc. | Bicknell Family Holding Co LLC | 10% owner | Other | BUY | $9.99 | 3,003,002 | $29,999,990 | 500,499 | +100.0% |
| 2018-09-22 01:10 | 2018-09-19 | MIC | Macquarie Infrastructure Corp | MACQUARIE GROUP LTD | 10% owner | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $46.65 | 37,100 | $1,730,763 | 12,191,929 | +0.3% |
| 2018-09-21 22:11 | 2018-09-19 | ASB | Associated Banc-Corp | FLYNN PHILIP B | Director, Officer - President & CEO | State Commercial Banks | BUY | $25.00 | 190,000 | $4,750,000 | 115,000 | +100.0% |
| 2018-09-21 01:58 | 2018-09-18 | PRNB | N/A | Becker Daniel J. | Director, 10% owner | Other | BUY | $17.00 | 270,000 | $4,590,000 | 437,537 | +161.2% |
| 2018-09-21 01:50 | 2018-09-18 | PRNB | N/A | George Simeon | Director, 10% owner | Other | BUY | $17.00 | 270,000 | $4,590,000 | 2,625,713 | +11.5% |
| 2018-09-21 01:53 | 2018-09-18 | PRNB | N/A | New Leaf Ventures II, L.P. | 10% owner | Other | BUY | $17.00 | 270,000 | $4,590,000 | 437,537 | +161.2% |
| 2018-09-20 23:14 | 2018-09-18 | PRNB | N/A | AKKARAJU SRINIVAS | Director | Other | BUY | $17.00 | 175,000 | $2,975,000 | 383,480 | +83.9% |
| 2018-09-21 02:02 | 2018-09-18 | PRNB | N/A | Sofinnova Venture Partners VIII, L.P. | 10% owner | Other | BUY | $17.00 | 270,000 | $4,590,000 | 2,038,208 | +15.3% |
| 2018-09-21 02:35 | 2018-09-18 | MOH | MOLINA HEALTHCARE, INC. | WOYS JAMES | Officer - Executive Vice President | Hospital & Medical Service Plans | BUY | $148.79 | 25,000 | $3,719,738 | 29,703 | +531.6% |
| 2018-09-21 03:01 | 2018-09-18 | ODT | N/A | TANG KEVIN C | Director, Officer, 10% owner - Chief Executive Officer | Other | BUY | $19.55 | 90,000 | $1,759,293 | 12,582,338 | +0.7% |
| 2018-09-21 00:18 | 2018-09-18 | PRNB | N/A | GLAXOSMITHKLINE PLC | 10% owner | Other | BUY | $17.00 | 270,000 | $4,590,000 | 2,625,713 | +11.5% |
| 2018-09-21 01:59 | 2018-09-18 | PRNB | N/A | ORBIMED ADVISORS LLC | 10% owner | Other | BUY | $17.00 | 250,000 | $4,250,000 | 2,605,713 | +10.6% |
| 2018-09-19 23:47 | 2018-09-17 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $130.25 | 2,272,160 | $295,948,840 | 17,872,160 | +14.6% |
| 2018-09-20 02:42 | 2018-09-17 | APLS | Apellis Pharmaceuticals Inc. | Morningside Venture Investments Ltd | 10% owner | Pharmaceutical Preparations | BUY | $18.34 | 140,000 | $2,567,124 | 11,493,303 | +1.2% |
| 2018-09-20 01:15 | 2018-09-17 | GCP | N/A | Dalbergia Investments LLC | 10% owner | Other | BUY | $25.96 | 299,687 | $7,778,886 | 3,706,109 | +8.8% |
| 2018-09-18 17:56 | 2018-09-14 | N/A | N/A | Fresno County Employees' Retirement Association | 10% owner | Other | BUY | $20.72 | 192,885 | $3,996,577 | 1,918,309 | +11.2% |
| 2018-09-19 00:44 | 2018-09-14 | N/A | Runway Growth Finance Corp. | Retirement Plan of Carilion Clinic | 10% owner | Other | BUY | $15.02 | 181,530 | $2,726,577 | 990,720 | +22.4% |
| 2018-09-18 23:02 | 2018-09-17 | SVVC | Firsthand Technology Value Fund, Inc. | Landis Kevin M | Director, Officer - President | Other | BUY | $153,083.00 | 1,600 | $244,932,800 | 46,983 | +3.5% |
| 2018-09-19 03:31 | 2018-09-14 | N/A | Runway Growth Finance Corp. | OCM Growth Holdings LLC | Director, 10% owner | Other | BUY | $15.02 | 1,006,899 | $15,123,619 | 5,495,268 | +22.4% |
| 2018-09-19 00:42 | 2018-09-14 | N/A | Runway Growth Finance Corp. | Carilion Clinic | 10% owner | Other | BUY | $15.02 | 181,530 | $2,726,577 | 990,720 | +22.4% |
| 2018-09-19 02:48 | 2018-09-14 | MIC | Macquarie Infrastructure Corp | MACQUARIE GROUP LTD | 10% owner | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $46.56 | 149,812 | $6,975,082 | 12,154,829 | +1.2% |
| 2018-09-18 16:09 | 2018-09-14 | IBTX | N/A | SMITH G STACY | Director | Other | BUY | $65.90 | 25,000 | $1,647,388 | 135,000 | +22.7% |
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.