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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-06-29 04:01 | 2018-06-26 | EGN | N/A | ICAHN CARL C | Other | Other | BUY | $70.39 | 1,470,415 | $103,499,130 | 4,696,121 | +45.6% |
| 2018-06-29 02:50 | 2018-06-27 | MIC | Macquarie Infrastructure Corp | MACQUARIE GROUP LTD | 10% owner | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $42.30 | 151,200 | $6,395,473 | 9,548,967 | +1.6% |
| 2018-06-29 01:22 | 2018-06-25 | KZR | Kezar Life Sciences, Inc. | BAY CITY CAPITAL LLC | 10% owner | Pharmaceutical Preparations | BUY | $15.00 | 150,000 | $2,250,000 | 622,229 | +31.8% |
| 2018-06-28 23:14 | 2018-06-26 | NS | N/A | GREEHEY WILLIAM E | Director | Other | BUY | $24.17 | 413,736 | $9,999,999 | 3,899,605 | +11.9% |
| 2018-06-28 00:09 | 2018-06-25 | EPRT | ESSENTIAL PROPERTIES REALTY TRUST, INC. | Eldridge Industries, LLC | 10% owner | Real Estate Investment Trusts | BUY | $14.00 | 7,785,611 | $108,998,554 | 7,785,611 | +100.0% |
| 2018-06-27 21:13 | 2018-06-27 | CSSE | N/A | ROUHANA WILLIAM J JR | Director, Officer, 10% owner - Chairman and CEO | Other | BUY | $25.00 | 40,000 | $1,000,000 | 40,000 | +100.0% |
| 2018-06-28 01:20 | 2018-06-25 | KZR | Kezar Life Sciences, Inc. | Cormorant Asset Management, LP | 10% owner | Pharmaceutical Preparations | BUY | $15.00 | 250,000 | $3,750,000 | 1,572,909 | +18.9% |
| 2018-06-27 23:53 | 2018-06-25 | KZR | Kezar Life Sciences, Inc. | Morningside Venture Investments Ltd | 10% owner | Pharmaceutical Preparations | BUY | $15.00 | 250,000 | $3,750,000 | 2,309,052 | +12.1% |
| 2018-06-27 23:15 | 2018-06-25 | XERS | N/A | Redmile Group, LLC | 10% owner | Other | BUY | $15.00 | 666,668 | $10,000,020 | 2,412,642 | +38.2% |
| 2018-06-27 23:58 | 2018-06-25 | XERS | N/A | Flynn James E | 10% owner, Other | Other | BUY | $15.00 | 750,000 | $11,250,000 | 1,498,666 | +100.2% |
| 2018-06-26 23:30 | 2018-06-22 | EIDX | N/A | BridgeBio Pharma LLC | 10% owner | Other | BUY | $17.00 | 1,000,000 | $17,000,000 | 19,614,655 | +5.4% |
| 2018-06-27 00:02 | 2018-06-22 | TWLVU | N/A | Elkin Dimitri | Officer, 10% owner - CEO | Other | BUY | $10.00 | 475,000 | $4,750,000 | 5,550,000 | +9.4% |
| 2018-06-26 23:57 | 2018-06-25 | APTX | N/A | New Leaf Venture Management III, L.L.C. | 10% owner | Other | BUY | $16.00 | 250,000 | $4,000,000 | 368,345 | +211.2% |
| 2018-06-26 23:50 | 2018-06-25 | APTX | N/A | Koppel Adam | Director | Other | BUY | $16.00 | 400,000 | $6,400,000 | 2,225,092 | +21.9% |
| 2018-06-26 23:50 | 2018-06-25 | APTX | N/A | Gould Terry P | Director, 10% owner | Other | BUY | $16.00 | 150,000 | $2,400,000 | 1,115,910 | +15.5% |
| 2018-06-26 23:53 | 2018-06-25 | APTX | N/A | Ratcliffe Liam | Director, 10% owner | Other | BUY | $16.00 | 250,000 | $4,000,000 | 368,345 | +211.2% |
| 2018-06-26 23:30 | 2018-06-22 | DDR | SITE Centers Corp. | Otto Alexander | Director, 10% owner | Real Estate Investment Trusts | BUY | $17.86 | 1,124,158 | $20,080,497 | 31,353,074 | +3.7% |
| 2018-06-26 23:55 | 2018-06-25 | APTX | N/A | Longitude Capital Partners II, LLC | 10% owner | Other | BUY | $16.00 | 150,000 | $2,400,000 | 3,190,079 | +4.9% |
| 2018-06-26 23:56 | 2018-06-25 | APTX | N/A | Frazier Life Sciences VIII, L.P. | 10% owner | Other | BUY | $16.00 | 150,000 | $2,400,000 | 3,190,079 | +4.9% |
| 2018-06-26 23:54 | 2018-06-25 | APTX | N/A | Topper James N | Director, 10% owner | Other | BUY | $16.00 | 150,000 | $2,400,000 | 3,190,079 | +4.9% |
| 2018-06-26 23:49 | 2018-06-25 | APTX | N/A | ENRIGHT PATRICK G | Director | Other | BUY | $16.00 | 150,000 | $2,400,000 | 3,190,079 | +4.9% |
| 2018-06-26 23:44 | 2018-06-25 | APTX | N/A | ADAMS STREET PARTNERS LLC | 10% owner | Other | BUY | $16.00 | 150,000 | $2,400,000 | 1,115,910 | +15.5% |
| 2018-06-27 00:32 | 2018-06-22 | LXRX | LEXICON PHARMACEUTICALS, INC. | Invus Public Equities, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $12.99 | 253,725 | $3,295,177 | 3,333,376 | +8.2% |
| 2018-06-26 02:16 | 2018-06-25 | XERS | N/A | Palmetto Partners, Ltd. | 10% owner | Other | BUY | $15.00 | 150,000 | $2,250,000 | 2,110,061 | +7.7% |
| 2018-06-25 18:35 | 2018-06-22 | GFN | N/A | Havner Family Trust | 10% owner | Other | BUY | $12.05 | 87,363 | $1,052,724 | 3,615,508 | +2.5% |
| 2018-06-25 18:31 | 2018-06-22 | GFN | N/A | Havner LeeAnn R | 10% owner | Other | BUY | $12.05 | 87,363 | $1,052,724 | 3,625,008 | +2.5% |
| 2018-06-26 04:44 | 2018-06-21 | EGN | N/A | ICAHN CARL C | Other | Other | BUY | $63.70 | 225,706 | $14,376,524 | 3,225,706 | +7.5% |
| 2018-06-26 00:44 | 2018-06-21 | MIC | Macquarie Infrastructure Corp | MACQUARIE GROUP LTD | 10% owner | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $42.36 | 385,752 | $16,340,223 | 9,397,767 | +4.3% |
| 2018-06-25 19:43 | 2018-06-21 | ESPR | Esperion Therapeutics, Inc. | BIOTECH TARGET N V | 10% owner | Pharmaceutical Preparations | BUY | $38.57 | 60,000 | $2,314,224 | 3,132,964 | +2.0% |
| 2018-06-26 00:28 | 2018-06-21 | ETM | N/A | FIELD JOSEPH M | Director, Officer - Chairman Emeritus | Other | BUY | $7.79 | 370,000 | $2,884,076 | 5,209,559 | +7.6% |
| 2018-06-23 01:56 | 2018-06-22 | EIDX | N/A | Kumar Neil | Director, Officer, 10% owner - Chief Executive Officer | Other | BUY | $17.00 | 1,000,000 | $17,000,000 | 19,614,655 | +5.4% |
| 2018-06-22 16:16 | 2018-06-06 | KML | N/A | Grosvenor Holdings, L.L.C. | 10% owner | Other | BUY | $16.03 | 297,900 | $4,774,235 | 82,900 | +100.0% |
| 2018-06-23 01:56 | 2018-06-22 | EIDX | N/A | Satvat Ali J. | Director, 10% owner | Other | BUY | $17.00 | 1,000,000 | $17,000,000 | 19,614,655 | +5.4% |
| 2018-06-23 02:00 | 2018-06-22 | EIDX | N/A | Shah Rajeev M. | Director | Other | BUY | $17.00 | 1,058,824 | $18,000,008 | 2,162,671 | +95.9% |
| 2018-06-23 02:23 | 2018-06-21 | ECOR | electroCore, Inc. | Merck Global Health Innovation Fund, LLC | 10% owner | Electromedical & Electrotherapeutic Apparatus | BUY | $15.00 | 166,666 | $2,499,990 | 3,346,032 | +5.2% |
| 2018-06-22 23:21 | 2018-06-20 | LRAD | Genasys Inc. | AWM Investment Company, Inc. | 10% owner | Household Audio & Video Equipment | BUY | $2.47 | 407,200 | $1,005,784 | 4,950,706 | +9.0% |
| 2018-06-22 23:07 | 2018-06-20 | DDR | SITE Centers Corp. | Otto Alexander | Director, 10% owner | Real Estate Investment Trusts | BUY | $17.88 | 485,580 | $8,682,607 | 30,228,916 | +1.6% |
| 2018-06-22 16:16 | 2018-06-06 | KML | N/A | Grosvenor Capital Management, L.P. | 10% owner | Other | BUY | $16.03 | 297,900 | $4,774,235 | 82,900 | +100.0% |
| 2018-06-22 23:48 | 2018-06-20 | KIN | N/A | Park West Asset Management LLC | 10% owner | Other | BUY | $9.50 | 845,262 | $8,029,989 | 6,002,053 | +16.4% |
| 2018-06-23 02:33 | 2018-06-22 | EIDX | N/A | RA CAPITAL MANAGEMENT, LLC | Director | Other | BUY | $17.00 | 1,058,824 | $18,000,008 | 2,162,671 | +95.9% |
| 2018-06-22 23:37 | 2018-06-20 | APEN | N/A | Crawford Matthew S | Director, 10% owner | Other | BUY | $5.50 | 363,500 | $1,999,250 | 417,215 | +676.7% |
| 2018-06-22 00:19 | 2018-06-19 | LGCY | N/A | Baines Creek Capital, LLC | 10% owner | Other | BUY | $6.61 | 161,725 | $1,068,938 | 14,399,501 | +1.1% |
| 2018-06-22 02:45 | 2018-06-20 | MIC | Macquarie Infrastructure Corp | MACQUARIE GROUP LTD | 10% owner | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $42.46 | 62,500 | $2,653,750 | 9,012,015 | +0.7% |
| 2018-06-22 01:29 | 2018-06-19 | NRESF | NEXPOINT REAL ESTATE STRATEGIES FUND | DONDERO JAMES D | Officer, 10% owner - See Remarks | Other | BUY | $20.90 | 104,348 | $2,180,872 | 181,973 | +134.4% |
| 2018-06-22 01:57 | 2018-06-19 | INFI | N/A | BVF PARTNERS L P/IL | 10% owner | Other | BUY | $1.65 | 3,942,091 | $6,504,450 | 1,167,191 | +100.0% |
| 2018-06-20 23:50 | 2018-06-18 | USX | N/A | FULLER MAX L | Director, Officer, 10% owner, Other - Executive Chairman | Other | BUY | $16.00 | 953,125 | $15,250,000 | 8,261,776 | +13.0% |
| 2018-06-20 23:14 | 2018-06-18 | DDR | SITE Centers Corp. | Otto Alexander | Director, 10% owner | Real Estate Investment Trusts | BUY | $17.19 | 707,299 | $12,161,865 | 29,743,336 | +2.4% |
| 2018-06-20 23:52 | 2018-06-18 | USX | N/A | Fuller William Eric | Director, Officer, 10% owner, Other - President & CEO | Other | BUY | $16.00 | 296,875 | $4,750,000 | 599,098 | +98.2% |
| 2018-06-20 23:30 | 2018-06-18 | VTVT | vTv Therapeutics Inc. | PERELMAN RONALD O | 10% owner | Pharmaceutical Preparations | BUY | $4.38 | 570,776 | $2,499,999 | 3,757,218 | +17.9% |
| 2018-06-21 01:07 | 2018-06-19 | SCOO | N/A | Mill Road Capital II, L.P. | 10% owner | Other | BUY | $19.98 | 400,000 | $7,992,000 | 2,423,516 | +19.8% |
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.