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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017-10-24 00:43 | 2017-10-19 | CNCE | N/A | BVF PARTNERS L P/IL | 10% owner | Other | BUY | $15.84 | 331,916 | $5,256,720 | 291,788 | +100.0% |
| 2017-10-23 23:48 | 2017-10-20 | PAG | PENSKE AUTOMOTIVE GROUP, INC. | PENSKE ROGER S | Director, Officer, 10% owner - Chairman & CEO | Retail-Auto Dealers & Gasoline Stations | BUY | $45.29 | 1,103,996 | $49,999,979 | 33,688,936 | +3.4% |
| 2017-10-23 23:48 | 2017-10-20 | PAG | PENSKE AUTOMOTIVE GROUP, INC. | PENSKE CORP | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $45.29 | 1,103,996 | $49,999,979 | 33,688,936 | +3.4% |
| 2017-10-20 00:48 | 2017-10-16 | STQN | STRATEGIC ACQUISITIONS INC /NV/ | NextCoal International, Inc. | 10% owner | Finance Services | BUY | $300,000.00 | 750,000 | $225,000,000,000 | 1,625,000 | +85.7% |
| 2017-10-20 03:43 | 2017-10-17 | XNAFX | N/A | Colony NorthStar, Inc. | 10% owner | Other | BUY | $9.04 | 119,115 | $1,076,800 | 2,161,674 | +5.8% |
| 2017-10-19 23:52 | 2017-10-18 | DVMT | Dell Technologies Inc. | DELL MICHAEL S | Director, Officer - Chief Executive Officer | Electronic Computers | BUY | $32.70 | 81,573 | $2,667,437 | 499,604 | +19.5% |
| 2017-10-20 03:29 | 2017-10-12 | KALV | KalVista Pharmaceuticals, Inc. | ALDRICH RICHARD | Director | Pharmaceutical Preparations | BUY | $8.61 | 565,065 | $4,866,961 | 934,484 | +153.0% |
| 2017-10-18 23:53 | 2017-10-16 | CCUR | N/A | SINGER JULIAN D. | 10% owner | Other | BUY | $6.24 | 286,040 | $1,786,091 | 1,708,419 | +20.1% |
| 2017-10-18 23:37 | 2017-10-16 | PWON | N/A | LU JOSEPH | Director, Officer, 10% owner - CEO | Other | BUY | $0.75 | 4,077,573 | $3,074,490 | 19,897,830 | +25.8% |
| 2017-10-18 23:35 | 2017-10-16 | PWON | N/A | Zhu Xiao Yin | 10% owner | Other | BUY | $0.75 | 4,077,573 | $3,074,490 | 7,608,353 | +115.5% |
| 2017-10-19 00:34 | 2017-10-16 | N/A | N/A | BROADWOOD PARTNERS, L.P. | Other | Other | BUY | $2.60 | 1,592,308 | $4,140,001 | 5,292,156 | +43.0% |
| 2017-10-18 22:00 | 2017-10-16 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $20.07 | 59,922 | $1,202,635 | 12,981,867 | +0.5% |
| 2017-10-18 00:58 | 2017-10-13 | BTX | Lineage Cell Therapeutics, Inc. | BROADWOOD PARTNERS, L.P. | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $2.60 | 2,692,307 | $6,999,998 | 29,971,561 | +9.9% |
| 2017-10-17 22:00 | 2017-10-13 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $19.29 | 61,300 | $1,182,226 | 12,954,005 | +0.5% |
| 2017-10-18 00:01 | 2017-10-16 | IMH | IMPAC MORTGAGE HOLDINGS INC | RHP Trust, dated May 31, 2011 | 10% owner | Real Estate Investment Trusts | BUY | $12.25 | 300,000 | $3,675,000 | 2,660,465 | +12.7% |
| 2017-10-18 00:00 | 2017-10-16 | IMH | IMPAC MORTGAGE HOLDINGS INC | Gamebusters, Inc. | 10% owner | Real Estate Investment Trusts | BUY | $12.25 | 194,004 | $2,376,549 | 1,385,157 | +16.3% |
| 2017-10-18 00:00 | 2017-10-16 | IMH | IMPAC MORTGAGE HOLDINGS INC | PICKUP RICHARD H/ | 10% owner | Real Estate Investment Trusts | BUY | $12.25 | 494,004 | $6,051,549 | 1,385,157 | +55.4% |
| 2017-10-16 23:31 | 2017-10-12 | KALV | KalVista Pharmaceuticals, Inc. | Shah Rajeev M. | Director, 10% owner | Pharmaceutical Preparations | BUY | $8.50 | 850,000 | $7,225,000 | 1,441,070 | +143.8% |
| 2017-10-16 23:32 | 2017-10-12 | KALV | KalVista Pharmaceuticals, Inc. | RA CAPITAL MANAGEMENT, LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $8.50 | 850,000 | $7,225,000 | 1,441,070 | +143.8% |
| 2017-10-17 03:11 | 2017-10-12 | IIPR | INNOVATIVE INDUSTRIAL PROPERTIES INC | Gold Alan D | Director, Officer - Executive Chairman | Real Estate | BUY | $25.00 | 80,000 | $2,000,000 | 80,000 | +100.0% |
| 2017-10-17 03:08 | 2017-10-12 | IIPR | INNOVATIVE INDUSTRIAL PROPERTIES INC | Kreitzer Gary A | Director | Real Estate | BUY | $25.00 | 40,000 | $1,000,000 | 40,000 | +100.0% |
| 2017-10-17 00:48 | 2017-10-12 | MB | N/A | Luxor Capital Group, LP | 10% owner | Other | BUY | $27.95 | 83,022 | $2,320,374 | 498,724 | +20.0% |
| 2017-10-16 18:34 | 2017-10-12 | PZG | Paramount Gold Nevada Corp. | FCMI Parent Co. | 10% owner | Metal Mining | BUY | $1.40 | 1,075,000 | $1,505,000 | 4,347,910 | +32.8% |
| 2017-10-16 23:16 | 2017-10-12 | ULTA | Ulta Beauty, Inc. | HEILBRONN CHARLES | Director | Retail-Retail Stores, NEC | BUY | $195.21 | 127,889 | $24,965,838 | 2,230,252 | +6.1% |
| 2017-10-17 00:57 | 2017-10-12 | CONN | N/A | STEPHENS HARRIET C | 10% owner | Other | BUY | $25.40 | 42,000 | $1,066,800 | 2,769,920 | +1.5% |
| 2017-10-17 00:58 | 2017-10-12 | CONN | N/A | STEPHENS WARREN A | 10% owner | Other | BUY | $25.40 | 42,000 | $1,066,800 | 2,769,920 | +1.5% |
| 2017-10-16 22:06 | 2017-10-12 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $19.74 | 276,200 | $5,452,188 | 12,892,705 | +2.2% |
| 2017-10-14 00:14 | 2017-10-11 | GSAT | Globalstar, Inc. | Monroe James III | Director, Officer, 10% owner - Chief Executive Officer | Communications Services, NEC | BUY | $1.57 | 27,607,656 | $43,275,001 | 669,552,891 | +4.3% |
| 2017-10-13 17:30 | 2017-10-11 | AXDX | N/A | SCHULER JACK W | Director, 10% owner | Other | BUY | $20.27 | 51,600 | $1,045,932 | 12,616,505 | +0.4% |
| 2017-10-11 23:12 | 2017-10-11 | SWCH | N/A | Morton Erin Thomas | Officer, 10% owner - President and General Counsel | Other | BUY | $17.00 | 300,000 | $5,100,000 | 300,000 | +100.0% |
| 2017-10-11 21:24 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | Foley Todd | Director, 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 100,000 | $1,700,000 | 2,696,392 | +3.9% |
| 2017-10-11 23:00 | 2017-10-06 | MERC | MERCER INTERNATIONAL INC. | KELLOGG PETER R | 10% owner | Pulp Mills | BUY | $12.41 | 2,658,743 | $33,000,052 | 2,000,000 | +100.0% |
| 2017-10-11 21:25 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | MPM BIOVENTURES V, L.P. | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 100,000 | $1,700,000 | 2,696,392 | +3.9% |
| 2017-10-10 23:36 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | Viswanathan Ravi | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:32 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | NEW ENTERPRISE ASSOCIATES 13 LP | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:34 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | BASKETT FOREST | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:35 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | SANDELL SCOTT D | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:34 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | KERINS PATRICK J | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:35 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | MOTT DAVID M | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:33 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | BARRETT M JAMES | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-10 23:21 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | ORBIMED ADVISORS LLC | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 355,000 | $6,035,000 | 2,901,295 | +13.9% |
| 2017-10-10 16:40 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | Flynn James E | 10% owner, Other | Pharmaceutical Preparations | BUY | $17.00 | 355,000 | $6,035,000 | 468,505 | +312.8% |
| 2017-10-10 23:33 | 2017-10-10 | RYTM | RHYTHM PHARMACEUTICALS, INC. | BARRIS PETER J | 10% owner | Pharmaceutical Preparations | BUY | $17.00 | 550,000 | $9,350,000 | 4,909,956 | +12.6% |
| 2017-10-07 00:00 | 2017-10-06 | NLNK | N/A | Stine Seed Farm, Inc. | 10% owner | Other | BUY | $10.25 | 780,487 | $7,999,992 | 7,857,732 | +11.0% |
| 2017-10-06 22:58 | 2017-10-05 | RYTM | RHYTHM PHARMACEUTICALS, INC. | BAKER BROS. ADVISORS LP | Other | Pharmaceutical Preparations | BUY | $17.00 | 885,000 | $15,045,000 | 1,878,242 | +89.1% |
| 2017-10-06 00:05 | 2017-09-18 | WKHS | Workhorse Group Inc. | LUKENS JOSEPH THEODORE JR | 10% owner | Motor Vehicles & Passenger Car Bodies | BUY | $0.36 | 6,970,283 | $2,500,241 | 6,189,035 | +100.0% |
| 2017-10-06 01:25 | 2017-10-03 | MB | N/A | Luxor Capital Group, LP | 10% owner | Other | BUY | $27.95 | 341,079 | $9,532,237 | 415,702 | +457.1% |
| 2017-10-05 23:38 | 2017-10-04 | GEC | N/A | Drapkin Matthew A | Director | Other | BUY | $3.61 | 1,266,000 | $4,572,286 | 2,402,792 | +111.4% |
| 2017-10-06 03:07 | 2017-10-03 | INFI | N/A | BVF PARTNERS L P/IL | 10% owner | Other | BUY | $1.26 | 1,600,046 | $2,008,058 | 790,583 | +100.0% |
| 2017-10-05 23:11 | 2017-10-03 | TDF | TEMPLETON DRAGON FUND INC | CITY OF LONDON INVESTMENT GROUP PLC | 10% owner | Other | BUY | $21.16 | 100,000 | $2,116,000 | 758,984 | +15.2% |
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.