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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-08-21 16:00 | 2025-08-19 | ET | Energy Transfer LP | WARREN KELCY L | Director | Natural Gas Transmission | BUY | $17.34 | 2,000,000 | $34,681,000 | 69,178,477 | +3.0% |
| 2025-08-21 23:15 | 2025-08-19 | RSG | REPUBLIC SERVICES, INC. | CASCADE INVESTMENT, L.L.C. | 10% owner | Refuse Systems | BUY | $234.91 | 4,258 | $1,000,245 | 109,816,832 | +0.0% |
| 2025-08-22 00:12 | 2025-08-19 | POST | Post Holdings, Inc. | STIRITZ WILLIAM P | Director | Grain Mill Products | BUY | $109.53 | 36,000 | $3,943,080 | 4,334,667 | +0.8% |
| 2025-08-21 03:51 | 2025-08-18 | GLIBK | GCI Liberty, Inc. | MALONE JOHN C | Director, 10% owner | Cable & Other Pay Television Services | BUY | $35.86 | 182,346 | $6,539,274 | 1,124,386 | +19.4% |
| 2025-08-21 02:52 | 2025-08-18 | BLND | Blend Labs, Inc. | Haveli Investments, L.P. | Director, 10% owner | Services-Computer Programming, Data Processing, Etc. | BUY | $2.98 | 553,677 | $1,650,954 | 3,676,919 | +17.7% |
| 2025-08-20 19:33 | - | AREC | American Resources Corporation | GOLDEN PROPERTIES LTD. | 10% owner | Silver Ores | BUY | $1.26 | 1,000,000 | $1,260,000 | 12,389,960 | +8.8% |
| 2025-08-21 01:12 | 2025-08-18 | MDGL | MADRIGAL PHARMACEUTICALS, INC. | BAKER BROS. ADVISORS LP | Director | Pharmaceutical Preparations | BUY | $380.58 | 97,065 | $36,941,202 | 1,947,968 | +5.2% |
| 2025-08-21 01:09 | 2025-08-18 | MDGL | MADRIGAL PHARMACEUTICALS, INC. | BAKER BROS. ADVISORS LP | Director | Pharmaceutical Preparations | BUY | $364.04 | 68,618 | $24,979,827 | 1,859,091 | +3.8% |
| 2025-08-20 00:18 | 2025-08-13 | NUGN | Livento Group, Inc. | Henriksen Michael Gregory Max | Officer, 10% owner - Chief Investment Officer | Services-Prepackaged Software | BUY | $0.00 | 1,000,000,000 | $1,000,000 | 1,006,896,111 | +14,500.9% |
| 2025-08-19 23:37 | 2025-08-15 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, 10% owner | Services-Prepackaged Software | BUY | $14.05 | 449,235 | $6,312,201 | 57,329,000 | +0.8% |
| 2025-08-19 18:17 | 2025-08-18 | MKZR | MacKenzie Realty Capital, Inc. | DIXON ROBERT E | Officer - CEO/President | Real Estate Investment Trusts | BUY | $9,000.00 | 9,000 | $81,000,000 | 32,151 | +38.9% |
| 2025-08-19 01:00 | 2025-08-14 | ATAI | Atai Beckley N.V. | Apeiron Investment Group Ltd. | 10% owner | Pharmaceutical Preparations | BUY | $2.19 | 8,675,799 | $19,000,000 | 51,045,214 | +20.5% |
| 2025-08-19 03:11 | 2025-08-14 | REZI | RESIDEO TECHNOLOGIES, INC. | CD&R Channel Holdings II, L.P. | 10% owner | Wholesale-Hardware | BUY | $31.60 | 654,024 | $20,669,905 | 12,132,567 | +5.7% |
| 2025-08-18 22:31 | 2025-08-14 | ACDC | ProFrac Holding Corp. | Wilks Farris | 10% owner | Oil & Gas Field Services, NEC | BUY | $4.00 | 2,500,000 | $10,000,000 | 3,665,132 | +214.6% |
| 2025-08-19 02:32 | 2025-08-14 | ACDC | ProFrac Holding Corp. | THRC Holdings, LP | 10% owner | Oil & Gas Field Services, NEC | BUY | $4.00 | 2,500,000 | $10,000,000 | 82,389,657 | +3.1% |
| 2025-08-18 23:59 | 2025-08-14 | TBCH | Turtle Beach Corp | Wyatt William Z | Director | Communications Equipment, NEC | BUY | $14.41 | 693,962 | $9,999,992 | 693,962 | +100.0% |
| 2025-08-18 19:22 | 2025-08-15 | NEGG | Newegg Commerce, Inc. | Galkin Vladimir | 10% owner | Retail-Retail Stores, NEC | BUY | $104.72 | 11,111 | $1,163,544 | 3,511,111 | +0.3% |
| 2025-08-16 03:12 | 2025-08-14 | LNW | Light & Wonder, Inc. | Throsby Timothy | Director | Services-Computer Integrated Systems Design | BUY | $89.37 | 20,000 | $1,787,312 | 42,082 | +90.6% |
| 2025-08-15 16:54 | 2025-08-13 | N/A | N/A | UAW Chrysler Retirees Medical Benefits Plan | 10% owner | Other | BUY | $5,259.00 | 4,706 | $24,750,011 | 33,111 | +16.6% |
| 2025-08-16 00:08 | 2025-08-14 | BRBR | BELLRING BRANDS, INC. | CONWAY SHAWN | Director | Food and Kindred Products | BUY | $49,999.99 | 1,316 | $65,824,087 | 8,001 | +19.7% |
| 2025-08-16 01:23 | 2025-08-13 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, 10% owner | Services-Prepackaged Software | BUY | $13.71 | 449,861 | $6,168,359 | 56,879,765 | +0.8% |
| 2025-08-15 23:36 | 2025-08-13 | AXON | AXON ENTERPRISE, INC. | Partovi Hadi | Director | Ordnance & Accessories, (No Vehicles/Guided Missiles) | BUY | $740.00 | 1,358 | $1,004,920 | 237,938 | +0.6% |
| 2025-08-14 22:51 | 2025-08-06 | NEGG | Newegg Commerce, Inc. | Galkin Vladimir | 10% owner | Retail-Retail Stores, NEC | BUY | $55.91 | 55,557 | $3,106,164 | 3,500,000 | +1.6% |
| 2025-08-15 02:07 | 2025-08-14 | ICUI | ICU MEDICAL INC/DE | Jain Vivek | Director, Officer - Chairman and CEO | Surgical & Medical Instruments & Apparatus | BUY | $112.84 | 21,929 | $2,474,374 | 130,149 | +20.3% |
| 2025-08-15 04:35 | 2025-08-14 | BHC | Bausch Health Companies Inc. | Paulson John | Director | Pharmaceutical Preparations | BUY | $9.00 | 34,721,118 | $312,490,062 | 70,755,869 | +96.4% |
| 2025-08-15 03:23 | 2025-08-12 | OMI | Accendra Health, Inc. | Coliseum Capital Management, LLC | 10% owner | Wholesale-Medical, Dental & Hospital Equipment & Supplies | BUY | $5.27 | 1,537,852 | $8,099,559 | 13,100,807 | +13.3% |
| 2025-08-15 03:01 | 2025-08-12 | AMPY | Amplify Energy Corp. | COGHILL CLINT D | Director | Crude Petroleum & Natural Gas | BUY | $3.82 | 350,000 | $1,335,985 | 3,504,347 | +11.1% |
| 2025-08-14 17:29 | 2025-08-12 | ASA | ASA Gold and Precious Metals Limited | Saba Capital Management, L.P. | 10% owner | Other | BUY | $35.39 | 356,005 | $12,598,519 | 4,042,551 | +9.7% |
| 2025-08-15 00:27 | 2025-08-14 | PSX | Phillips 66 | HAYES GREGORY | Director | Petroleum Refining | BUY | $119.90 | 8,350 | $1,001,165 | 29,423 | +39.6% |
| 2025-08-14 00:20 | 2025-08-11 | RPD | Rapid7, Inc. | JANA Partners Management, LP | Director, Other | Services-Prepackaged Software | BUY | $19.60 | 772,194 | $15,135,388 | 6,518,604 | +13.4% |
| 2025-08-13 13:45 | 2025-08-11 | WBD | Warner Bros. Discovery, Inc. | LEVY ANTON J | Director | Cable & Other Pay Television Services | BUY | $10.92 | 325,000 | $3,550,008 | 949,000 | +52.1% |
| 2025-08-14 01:51 | 2025-08-11 | BHC | Bausch Health Companies Inc. | Paulson John | Director | Pharmaceutical Preparations | BUY | $6.56 | 3,243,049 | $21,267,591 | 36,034,751 | +9.9% |
| 2025-08-14 04:50 | 2025-08-11 | ALKT | Alkami Technology, Inc. | GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | Director, 10% owner | Services-Prepackaged Software | BUY | $21.26 | 1,396,162 | $29,688,408 | 12,033,436 | +13.1% |
| 2025-08-13 23:42 | 2025-08-11 | N/A | N/A | GOLDENTREE ASSET MANAGEMENT LP | 10% owner | Other | BUY | $10.05 | 1,492,537 | $15,000,000 | 7,986,561 | +23.0% |
| 2025-08-14 04:48 | 2025-08-11 | ALKT | Alkami Technology, Inc. | GENERAL ATLANTIC, L.P. | Director, 10% owner | Services-Prepackaged Software | BUY | $21.26 | 1,396,162 | $29,688,408 | 12,033,436 | +13.1% |
| 2025-08-13 00:56 | 2025-08-11 | AMRZ | Amrize Ltd | Jenisch Jan Philipp | Director, Officer - Chairman & CEO | Cement, Hydraulic | BUY | $47.92 | 595,000 | $28,514,364 | 450,000 | +100.0% |
| 2025-08-13 00:28 | 2025-08-08 | AMRZ | Amrize Ltd | Jenisch Jan Philipp | Director, Officer - Chairman & CEO | Cement, Hydraulic | BUY | $46.56 | 500,000 | $23,279,400 | 400,000 | +100.0% |
| 2025-08-13 00:02 | 2025-08-08 | HRTX | HERON THERAPEUTICS, INC. /DE/ | Morgan Adam | Director | Pharmaceutical Preparations | BUY | $1.50 | 1,766,546 | $2,649,819 | 8,753,290 | +25.3% |
| 2025-08-13 03:56 | 2025-08-08 | REZI | RESIDEO TECHNOLOGIES, INC. | CD&R Channel Holdings II, L.P. | 10% owner | Wholesale-Hardware | BUY | $28.25 | 1,246,123 | $35,207,959 | 11,478,543 | +12.2% |
| 2025-08-13 01:00 | 2025-08-08 | HRTX | HERON THERAPEUTICS, INC. /DE/ | Rubric Capital Management LP | 10% owner | Pharmaceutical Preparations | BUY | $1.50 | 2,387,225 | $3,580,838 | 29,100,728 | +8.9% |
| 2025-08-12 23:23 | 2025-08-12 | LLY | ELI LILLY & Co | Ricks David A | Director, Officer - President, Chair, and CEO | Pharmaceutical Preparations | BUY | $644.77 | 1,632 | $1,052,263 | 546,601 | +0.3% |
| 2025-08-12 23:35 | 2025-08-08 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, 10% owner | Services-Prepackaged Software | BUY | $13.35 | 450,000 | $6,005,295 | 56,429,904 | +0.8% |
| 2025-08-12 23:17 | 2025-08-12 | LLY | ELI LILLY & Co | Fyrwald J Erik | Director | Pharmaceutical Preparations | BUY | $642.33 | 1,565 | $1,005,242 | 74,578 | +2.1% |
| 2025-08-12 17:27 | 2025-08-11 | ASA | ASA Gold and Precious Metals Limited | Saba Capital Management, L.P. | 10% owner | Other | BUY | $35.00 | 327,900 | $11,476,500 | 3,686,546 | +9.8% |
| 2025-08-12 23:15 | 2025-08-11 | AKAM | Akamai Technologies Inc. | LEIGHTON F THOMSON | Director, Officer - Chief Executive Officer | Services-Business Services, NEC | BUY | $72.26 | 50,000 | $3,613,045 | 2,430,291 | +2.1% |
| 2025-08-11 23:47 | 2025-08-08 | FOUR | Shift4 Payments, Inc. | Isaacman Jared | Director, Officer, 10% owner - Executive Chairman | Services-Business Services, NEC | BUY | $82.81 | 196,426 | $16,266,175 | 939,715 | +26.4% |
| 2025-08-12 00:02 | 2025-08-08 | AVBH | Avidbank Holdings, Inc. | Patriot Financial Partners IV, L.P. | 10% owner | State Commercial Banks | BUY | $23.00 | 80,000 | $1,840,000 | 1,053,918 | +8.2% |
| 2025-08-12 01:00 | 2025-08-07 | AVBH | Avidbank Holdings, Inc. | POLSTER BRYAN C. | Director | State Commercial Banks | BUY | $23.00 | 50,000 | $1,150,000 | 63,464 | +371.4% |
| 2025-08-11 23:07 | 2025-08-08 | SONO | Sonos Inc | Conrad Thomas | Director, Officer - Chief Executive Officer | Household Audio & Video Equipment | BUY | $11.10 | 92,300 | $1,024,299 | 242,778 | +61.3% |
| 2025-08-12 01:54 | 2025-08-07 | SONO | Sonos Inc | Coliseum Capital Management, LLC | 10% owner | Household Audio & Video Equipment | BUY | $10.79 | 182,406 | $1,968,325 | 14,930,280 | +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.