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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-06-12 00:37 | 2018-06-07 | NCMI | National CineMedia, Inc. | Standard General L.P. | 10% owner | Services-Advertising | BUY | $7.32 | 297,600 | $2,178,224 | 14,684,713 | +2.1% |
| 2018-06-11 23:18 | 2018-06-07 | PANW | Palo Alto Networks Inc | Arora Nikesh | Director, Officer - Chief Executive Officer | Computer Peripheral Equipment, NEC | BUY | $199.20 | 33,255 | $6,624,536 | 231,852 | +16.7% |
| 2018-06-12 00:34 | 2018-06-08 | TPB | Turning Point Brands, Inc. | Standard General L.P. | 10% owner | Tobacco Products | BUY | $28.16 | 50,000 | $1,408,000 | 400,000 | +14.3% |
| 2018-06-11 21:59 | 2018-06-07 | ESPR | Esperion Therapeutics, Inc. | BIOTECH TARGET N V | 10% owner | Pharmaceutical Preparations | BUY | $37.79 | 60,000 | $2,267,292 | 3,072,964 | +2.0% |
| 2018-06-11 23:37 | 2018-06-07 | DOVA | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $28.18 | 50,000 | $1,409,155 | 3,081,151 | +1.6% |
| 2018-06-12 00:00 | 2018-06-07 | MRTX | N/A | Boxer Capital, LLC | 10% owner | Other | BUY | $38.85 | 193,050 | $7,499,993 | 1,565,560 | +14.1% |
| 2018-06-09 00:47 | 2018-06-06 | NESR | National Energy Services Reunited Corp. | Campo Mejia Antonio J | Director | Oil & Gas Field Services, NEC | BUY | $10.00 | 131,144 | $1,311,440 | 131,144 | +100.0% |
| 2018-06-08 17:13 | 2018-06-07 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $126.29 | 121,200 | $15,306,360 | 13,421,200 | +0.9% |
| 2018-06-08 23:47 | 2018-06-06 | AYX | N/A | Abdiel Capital Management, LLC | 10% owner | Other | BUY | $38.60 | 200,000 | $7,720,580 | 4,871,344 | +4.3% |
| 2018-06-09 01:37 | 2018-06-07 | MIC | Macquarie Infrastructure Corp | Macquarie Infrastructure Management (USA) INC | Director | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $40.49 | 151,000 | $6,113,945 | 8,444,889 | +1.8% |
| 2018-06-09 01:34 | 2018-06-06 | VSAR | Aravive, Inc. | AKKARAJU SRINIVAS | Director | Pharmaceutical Preparations | BUY | $1.81 | 1,055,485 | $1,914,755 | 2,629,536 | +67.1% |
| 2018-06-09 00:46 | 2018-06-06 | PDVW | Anterix Inc. | Owl Creek Asset Management, L.P. | 10% owner | Telephone Communications (No Radiotelephone) | BUY | $23.78 | 50,895 | $1,210,278 | 2,542,092 | +2.0% |
| 2018-06-08 22:13 | 2018-06-07 | MMLP | MARTIN MIDSTREAM PARTNERS L.P. | MARTIN RUBEN S | Director, Officer, 10% owner - President and CEO | Wholesale-Petroleum Bulk Stations & Terminals | BUY | $14.90 | 150,000 | $2,235,000 | 329,363 | +83.6% |
| 2018-06-08 23:07 | 2018-06-06 | DOVA | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $28.66 | 100,000 | $2,865,720 | 3,031,151 | +3.4% |
| 2018-06-08 23:48 | 2018-06-06 | ETM | N/A | FIELD JOSEPH M | Director, Officer - Chairman Emeritus | Other | BUY | $7.00 | 150,000 | $1,049,625 | 4,839,559 | +3.2% |
| 2018-06-09 00:01 | 2018-06-07 | UAL | United Airlines Holdings, Inc. | SHAPIRO EDWARD | Director | Air Transportation, Scheduled | BUY | $69.15 | 25,000 | $1,728,750 | 127,707 | +24.3% |
| 2018-06-07 14:02 | 2018-06-06 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.49 | 100,000 | $12,449,100 | 13,300,000 | +0.8% |
| 2018-06-07 15:24 | 2018-06-05 | AXON | N/A | SVF Investments (UK) Ltd | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 15:43 | 2018-06-05 | AXON | N/A | Dexxon Holdings Ltd. | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 15:46 | 2018-06-05 | AXON | N/A | Lo Andrew | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 14:31 | 2018-06-05 | AXON | N/A | Roivant Sciences Ltd. | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 14:32 | 2018-06-05 | AXON | N/A | Machado Patrick | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 15:38 | 2018-06-05 | AXON | N/A | QVT Associates GP LLC | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 21:34 | 2018-06-05 | ESPR | Esperion Therapeutics, Inc. | BIOTECH TARGET N V | 10% owner | Pharmaceutical Preparations | BUY | $38.47 | 60,000 | $2,308,440 | 3,012,964 | +2.0% |
| 2018-06-08 01:08 | 2018-06-05 | RUN | Sunrun Inc. | TIGER GLOBAL MANAGEMENT LLC | 10% owner | Miscellaneous Electrical Machinery, Equipment & Supplies | BUY | $12.44 | 682,669 | $8,492,539 | 13,937,606 | +5.2% |
| 2018-06-07 23:29 | 2018-06-05 | DOVA | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $25.99 | 100,000 | $2,598,620 | 2,931,151 | +3.5% |
| 2018-06-07 15:20 | 2018-06-05 | AXON | N/A | VIKING GLOBAL INVESTORS LP | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-07 15:21 | 2018-06-05 | AXON | N/A | VIKING GLOBAL PERFORMANCE LLC | 10% owner | Other | BUY | $1.75 | 14,285,714 | $25,000,000 | 89,285,714 | +19.0% |
| 2018-06-08 02:37 | 2018-06-05 | LXRX | LEXICON PHARMACEUTICALS, INC. | Invus Public Equities, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $12.58 | 325,639 | $4,095,073 | 2,725,498 | +13.6% |
| 2018-06-06 20:41 | 2018-06-04 | OCPAX | N/A | OppenheimerFunds, Inc. | 10% owner | Other | BUY | $24,900,000.00 | 2,490,000 | $62,001,000,000,000 | 25,000,000 | +11.1% |
| 2018-06-06 17:52 | 2018-06-05 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.96 | 100,000 | $12,495,770 | 13,200,000 | +0.8% |
| 2018-06-06 15:03 | 2018-06-04 | DOVA | N/A | Manning Paul B | Director, 10% owner | Other | BUY | $26.17 | 120,000 | $3,140,196 | 12,460,823 | +1.0% |
| 2018-06-07 01:26 | 2018-06-06 | MIC | Macquarie Infrastructure Corp | Macquarie Infrastructure Management (USA) INC | Director | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $39.69 | 35,000 | $1,389,150 | 8,293,889 | +0.4% |
| 2018-06-05 13:19 | 2018-06-04 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.10 | 100,000 | $12,410,310 | 13,100,000 | +0.8% |
| 2018-06-06 01:50 | 2018-05-31 | ESRT | Empire State Realty Trust, Inc. | Quark Holding LLC | 10% owner | Real Estate Investment Trusts | BUY | $16.72 | 284,015 | $4,748,731 | 29,894,869 | +1.0% |
| 2018-06-06 02:45 | 2018-06-01 | MIC | Macquarie Infrastructure Corp | Macquarie Infrastructure Management (USA) INC | Director | Wholesale-Petroleum & Petroleum Products (No Bulk Stations) | BUY | $39.01 | 404,519 | $15,778,992 | 8,258,889 | +5.2% |
| 2018-06-06 04:15 | 2017-12-06 | USNA | USANA HEALTH SCIENCES INC | WENTZ MYRON W | Director | Medicinal Chemicals & Botanical Products | BUY | $70.62 | 19,117 | $1,349,964 | 10,921,609 | +0.2% |
| 2018-06-06 00:42 | 2018-06-01 | ETM | N/A | FIELD JOSEPH M | Director, Officer - Chairman Emeritus | Other | BUY | $6.92 | 400,000 | $2,769,560 | 4,689,559 | +9.3% |
| 2018-06-04 13:56 | 2018-06-01 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.07 | 100,000 | $12,406,880 | 13,000,000 | +0.8% |
| 2018-06-04 21:42 | 2018-05-31 | QTS | N/A | Williams Chad L. | Officer - Chief Executive Officer | Other | BUY | $37.68 | 30,000 | $1,130,400 | 338,528 | +9.7% |
| 2018-06-05 00:21 | 2018-05-25 | CDZI | CADIZ INC | Water Asset Management LLC | 10% owner | Water Supply | BUY | $12.47 | 531,918 | $6,633,017 | 3,499,080 | +17.9% |
| 2018-06-04 23:53 | 2018-05-31 | N/A | N/A | JPMORGAN CHASE & CO | 10% owner, Other | Other | BUY | $1,000.00 | 22,000 | $22,000,000 | 22,000 | +100.0% |
| 2018-06-05 00:20 | 2018-05-31 | RUN | Sunrun Inc. | TIGER GLOBAL MANAGEMENT LLC | 10% owner | Miscellaneous Electrical Machinery, Equipment & Supplies | BUY | $12.00 | 1,578,934 | $18,946,419 | 13,254,937 | +13.5% |
| 2018-06-05 00:31 | 2018-05-31 | LXRX | LEXICON PHARMACEUTICALS, INC. | Invus Public Equities, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $12.01 | 416,481 | $5,002,686 | 2,399,859 | +21.0% |
| 2018-06-04 23:08 | 2018-05-31 | DISH | N/A | ERGEN CHARLES W | Director, Officer, 10% owner - Chairman | Other | BUY | $29.37 | 100,000 | $2,937,000 | 696,470 | +16.8% |
| 2018-06-01 17:38 | 2018-05-31 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $123.58 | 100,000 | $12,357,740 | 12,900,000 | +0.8% |
| 2018-06-01 22:37 | 2018-05-30 | ITRM | Iterum Therapeutics plc | Chin Mark | Director | Pharmaceutical Preparations | BUY | $13.00 | 337,606 | $4,388,878 | 1,031,903 | +48.6% |
| 2018-06-01 23:26 | 2018-05-31 | AEF | abrdn Emerging Markets ex-China Fund, Inc. | CITY OF LONDON INVESTMENT GROUP PLC | 10% owner | Other | BUY | $8.58 | 175,200 | $1,503,216 | 538,774 | +48.2% |
| 2018-05-31 13:12 | 2018-05-30 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Winder Investment Pte Ltd | 10% owner | Industrial Organic Chemicals | BUY | $124.69 | 100,000 | $12,469,310 | 12,800,000 | +0.8% |
| 2018-06-01 04:49 | 2017-12-06 | USNA | USANA HEALTH SCIENCES INC | Gull Global Ltd | 10% owner | Medicinal Chemicals & Botanical Products | BUY | $70.62 | 19,117 | $1,349,964 | 10,921,609 | +0.2% |
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.