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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017-12-19 04:11 | 2017-12-14 | BH | N/A | BIGLARI, SARDAR | Director, 10% owner | Other | BUY | $411.95 | 5,652 | $2,328,313 | 673,864 | +0.8% |
| 2017-12-19 00:03 | 2017-12-14 | PSEC | PROSPECT CAPITAL CORP | Barry John F | Director, Officer, 10% owner - CHIEF EXECUTIVE OFFICER | Other | BUY | $6.82 | 368,756 | $2,514,916 | 29,316,954 | +1.3% |
| 2017-12-19 01:39 | 2017-12-14 | S | N/A | SOFTBANK GROUP CORP | 10% owner | Other | BUY | $5.68 | 3,231,117 | $18,352,745 | 3,338,457,663 | +0.1% |
| 2017-12-16 01:52 | 2017-12-13 | ADES | Arq Inc. | Alta Fundamental Advisers LLC | Director | Miscellaneous Chemical Products | BUY | $9.89 | 262,266 | $2,593,155 | 1,286,334 | +25.6% |
| 2017-12-15 17:09 | 2017-10-23 | CTGO | Contango ORE, Inc. | Reiman Scott J. | 10% owner, Other | Gold and Silver Ores | BUY | $19.00 | 78,950 | $1,500,050 | 94,614 | +504.0% |
| 2017-12-16 00:54 | 2017-12-14 | DISCA | Warner Bros. Discovery, Inc. | MALONE JOHN C | Director, 10% owner | Cable & Other Pay Television Services | BUY | $19.86 | 102,377 | $2,032,695 | 773,472 | +15.3% |
| 2017-12-16 05:27 | 2017-12-13 | OCSL | Oaktree Specialty Lending Corp | OAKTREE CAPITAL MANAGEMENT LP | 10% owner | Other | BUY | $4.79 | 276,000 | $1,321,378 | 276,000 | +100.0% |
| 2017-12-16 02:42 | 2017-12-13 | RETA | N/A | Traweek James W JR | 10% owner | Other | BUY | $24.79 | 200,000 | $4,958,400 | 2,868,323 | +7.5% |
| 2017-12-16 02:41 | 2017-12-13 | RETA | N/A | McGaughy R Kent Jr | Director, 10% owner | Other | BUY | $24.79 | 200,000 | $4,958,400 | 2,868,323 | +7.5% |
| 2017-12-16 02:38 | 2017-12-13 | RETA | N/A | CPMG Inc | Director, 10% owner | Other | BUY | $24.79 | 200,000 | $4,958,400 | 431,155 | +86.5% |
| 2017-12-16 00:16 | 2017-12-15 | AB | AllianceBernstein Holding L.P. | AXA Equitable Holdings, Inc. | Other | Investment Advice | BUY | $24.95 | 124,983 | $3,118,326 | 2,312,163 | +5.7% |
| 2017-12-16 00:01 | 2017-12-13 | PSEC | PROSPECT CAPITAL CORP | Barry John F | Director, Officer, 10% owner - CHIEF EXECUTIVE OFFICER | Other | BUY | $6.81 | 356,683 | $2,427,870 | 28,948,198 | +1.2% |
| 2017-12-16 00:55 | 2017-12-14 | DISCA | Warner Bros. Discovery, Inc. | WARGO J DAVID | Director | Cable & Other Pay Television Services | BUY | $18.55 | 100,000 | $1,855,400 | 267,591 | +59.7% |
| 2017-12-16 02:26 | 2017-12-13 | IMMR | IMMERSION CORP | Raging Capital Management, LLC | 10% owner | Computer Peripheral Equipment, NEC | BUY | $6.58 | 326,366 | $2,147,488 | 4,779,346 | +7.3% |
| 2017-12-15 00:30 | 2017-12-13 | DISCA | Warner Bros. Discovery, Inc. | MALONE JOHN C | Director, 10% owner | Cable & Other Pay Television Services | BUY | $19.72 | 332,523 | $6,555,691 | 671,095 | +98.2% |
| 2017-12-15 03:35 | 2017-12-12 | APPN | Appian Corporation | Abdiel Capital Management, LLC | 10% owner | Services-Prepackaged Software | BUY | $20.37 | 311,141 | $6,336,884 | 4,999,756 | +6.6% |
| 2017-12-15 01:49 | 2017-12-13 | LC | LendingClub Corp | Chen Tian Qiao | 10% owner | Personal Credit Institutions | BUY | $3.88 | 1,646,706 | $6,392,677 | 85,313,151 | +2.0% |
| 2017-12-15 00:01 | 2017-12-12 | PSEC | PROSPECT CAPITAL CORP | Barry John F | Director, Officer, 10% owner - CHIEF EXECUTIVE OFFICER | Other | BUY | $6.82 | 264,937 | $1,807,294 | 28,591,515 | +0.9% |
| 2017-12-15 00:09 | 2017-12-12 | DNLI | Denali Therapeutics Inc. | BRATTON DOUGLAS K | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $18.00 | 275,000 | $4,950,000 | 19,462,499 | +1.4% |
| 2017-12-15 00:40 | 2017-12-13 | NTG | N/A | PRUDENTIAL FINANCIAL INC | 10% owner | Other | BUY | $25,297,620.24 | 33,600,000 | $850,000,040,000,160 | 0 | +100.0% |
| 2017-12-15 00:15 | 2017-12-12 | FENC | FENNEC PHARMACEUTICALS INC. | Essetifin SPA | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $8.50 | 294,115 | $2,499,978 | 3,225,694 | +10.0% |
| 2017-12-15 00:15 | 2017-12-12 | JOE | ST JOE Co | FAIRHOLME CAPITAL MANAGEMENT LLC | Director, 10% owner | Land Subdividers & Developers (No Cemeteries) | BUY | $18.73 | 135,100 | $2,530,423 | 643,300 | +26.6% |
| 2017-12-14 04:34 | 2017-12-04 | AREX | N/A | Wilks Brothers, LLC | 10% owner, Other | Other | BUY | $2.47 | 660,113 | $1,629,225 | 36,449,413 | +1.8% |
| 2017-12-14 01:25 | 2017-12-11 | NCMI | National CineMedia, Inc. | Standard General L.P. | 10% owner | Services-Advertising | BUY | $6.80 | 213,161 | $1,449,601 | 13,023,880 | +1.7% |
| 2017-12-14 02:59 | 2017-12-11 | BH | N/A | BIGLARI, SARDAR | Director, 10% owner | Other | BUY | $385.30 | 4,998 | $1,925,713 | 668,212 | +0.8% |
| 2017-12-14 01:50 | 2017-12-11 | LC | LendingClub Corp | Chen Tian Qiao | 10% owner | Personal Credit Institutions | BUY | $3.90 | 21,927,175 | $85,474,321 | 83,666,445 | +35.5% |
| 2017-12-13 19:46 | 2017-05-17 | GTHX | N/A | MedImmune Ventures, Inc. | 10% owner | Other | BUY | $15.00 | 75,000 | $1,125,000 | 3,409,536 | +2.2% |
| 2017-12-14 00:25 | 2017-12-11 | QTRX | Quanterix Corp | ARCH VENTURE FUND VI LP | 10% owner | Laboratory Analytical Instruments | BUY | $15.00 | 266,000 | $3,990,000 | 1,537,684 | +20.9% |
| 2017-12-14 00:24 | 2017-12-11 | QTRX | Quanterix Corp | CRANDELL KEITH | Director, 10% owner | Laboratory Analytical Instruments | BUY | $15.00 | 266,000 | $3,990,000 | 1,537,684 | +20.9% |
| 2017-12-14 00:24 | 2017-12-11 | QTRX | Quanterix Corp | WALT DAVID R | Director | Laboratory Analytical Instruments | BUY | $15.00 | 200,000 | $3,000,000 | 1,215,500 | +19.7% |
| 2017-12-14 01:28 | 2017-12-11 | FCSC | N/A | KIRK RANDAL J | 10% owner | Other | BUY | $0.77 | 2,727,273 | $2,100,000 | 10,806 | +100.0% |
| 2017-12-12 17:28 | 2017-12-11 | N-A | N/A | STRS OHIO | 10% owner | Other | BUY | $15.00 | 200,000 | $3,000,000 | 466,667 | +75.0% |
| 2017-12-13 02:09 | 2017-12-11 | ZAYO | N/A | White Emily | Director | Other | BUY | $34.99 | 43,095 | $1,507,894 | 14,365 | +100.0% |
| 2017-12-13 04:17 | 2017-12-08 | CAR | AVIS BUDGET GROUP, INC. | SRS Investment Management, LLC | 10% owner | Services-Auto Rental & Leasing (No Drivers) | BUY | $40.56 | 3,500,000 | $141,960,000 | 12,000,000 | +41.2% |
| 2017-12-13 01:11 | 2017-12-08 | N/A | Runway Growth Finance Corp. | OCM Growth Holdings LLC | Director, 10% owner | Other | BUY | $15.00 | 1,413,922 | $21,208,823 | 4,370,158 | +47.8% |
| 2017-12-13 03:01 | 2017-12-08 | IMMR | IMMERSION CORP | Raging Capital Management, LLC | 10% owner | Computer Peripheral Equipment, NEC | BUY | $7.08 | 166,350 | $1,177,276 | 4,452,980 | +3.9% |
| 2017-12-11 22:10 | 2017-12-08 | N/A | N/A | Fresno County Employees' Retirement Association | 10% owner | Other | BUY | $19.98 | 81,038 | $1,619,139 | 1,216,910 | +7.1% |
| 2017-12-12 00:29 | 2017-12-08 | FRHC | Freedom Holding Corp. | Rakhilkin Arkady V | Director | Security Brokers, Dealers & Flotation Companies | BUY | $3.00 | 348,333 | $1,044,999 | 348,333 | +100.0% |
| 2017-12-12 01:10 | 2017-12-08 | N/A | Runway Growth Finance Corp. | Retirement Plan of Carilion Clinic | 10% owner | Other | BUY | $15.00 | 196,632 | $2,949,474 | 787,879 | +33.3% |
| 2017-12-12 04:18 | 2017-12-07 | GIG-U | N/A | Katz Avi S | Director, Officer, 10% owner - CEO, Pres, Exec Chairman | Other | BUY | $10.00 | 356,000 | $3,560,000 | 3,212,607 | +12.5% |
| 2017-12-12 01:09 | 2017-12-08 | N/A | Runway Growth Finance Corp. | Carilion Clinic | 10% owner | Other | BUY | $15.00 | 196,632 | $2,949,474 | 787,879 | +33.3% |
| 2017-12-12 01:23 | 2017-12-07 | APPN | Appian Corporation | Abdiel Capital Management, LLC | 10% owner | Services-Prepackaged Software | BUY | $20.17 | 208,777 | $4,212,034 | 4,688,615 | +4.7% |
| 2017-12-12 01:49 | 2017-12-07 | LC | LendingClub Corp | Chen Tian Qiao | 10% owner | Personal Credit Institutions | BUY | $3.80 | 4,000,000 | $15,194,000 | 61,739,270 | +6.9% |
| 2017-12-12 02:23 | 2017-12-07 | MDCO | N/A | ESHELMAN FREDRIC N | Director, Officer - Executive Chairman | Other | BUY | $26.56 | 200,000 | $5,311,000 | 1,128,383 | +21.5% |
| 2017-12-12 04:34 | 2017-12-07 | TWOU | N/A | MAEDER PAUL A | Director | Other | BUY | $61.45 | 67,830 | $4,168,445 | 39,946 | +100.0% |
| 2017-12-09 01:21 | 2017-12-06 | ODT | N/A | Davis Aaron I. | Director, 10% owner | Other | BUY | $24.00 | 416,666 | $9,999,984 | 2,726,938 | +18.0% |
| 2017-12-08 22:34 | 2017-12-07 | ISCO-OB | International Stem Cell CORP | Semechkin Andrey | Director, Officer, 10% owner - Chief Executive Officer | Pharmaceutical Preparations | BUY | $1.75 | 1,860,810 | $3,256,418 | 3,389,260 | +121.7% |
| 2017-12-08 23:42 | 2017-11-29 | KYE | N/A | Mutual of Omaha Insurance Co | 10% owner | Other | BUY | $8,900,000.00 | 800,000 | $7,120,000,000,000 | 800,000 | +100.0% |
| 2017-12-09 00:43 | 2017-12-06 | ITRI | ITRON, INC. | SCOPIA CAPITAL MANAGEMENT LP | 10% owner | Instruments For Meas & Testing of Electricity & Elec Signals | BUY | $69.44 | 541,753 | $37,617,920 | 5,100,140 | +11.9% |
| 2017-12-09 03:33 | 2017-12-08 | CTL | Lumen Technologies, Inc. | STOREY JEFFREY K | Director, Officer - President & COO | Telephone Communications (No Radiotelephone) | BUY | $14.30 | 71,000 | $1,015,130 | 2,498,668 | +2.9% |
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.