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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016-11-09 22:05 | 2016-11-07 | HSY | HERSHEY CO | HERSHEY TRUST CO | 10% owner | Sugar & Confectionery Products | BUY | $101.60 | 49,500 | $5,029,200 | 12,753,421 | +0.4% |
| 2016-11-10 02:50 | 2016-11-07 | TRNC | N/A | Merrick Venture Management, LLC | 10% owner | Other | BUY | $11.19 | 1,005,582 | $11,253,267 | 1,005,582 | +100.0% |
| 2016-11-10 05:31 | 2016-07-06 | NGBL | N/A | Goldfarb Max | 10% owner | Other | BUY | $832.56 | 82,900,000 | $69,019,058,200 | 601,319,000 | +16.0% |
| 2016-11-10 01:59 | 2016-06-28 | NGBL | N/A | Goldfarb Max | 10% owner | Other | BUY | $1,014.20 | 216,000,000 | $219,067,243,200 | 510,319,000 | +73.4% |
| 2016-11-09 19:10 | 2016-11-07 | GOGO | Gogo Inc. | TOWNSEND CHARLES C | Director | Communications Services, NEC | BUY | $9.69 | 300,000 | $2,908,350 | 654,267 | +84.7% |
| 2016-11-09 16:40 | 2016-11-07 | FSD | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.32 | 67,378 | $1,032,217 | 3,805,461 | +1.8% |
| 2016-11-10 00:12 | 2016-11-09 | GE | GENERAL ELECTRIC CO | IMMELT JEFFREY R | Director, Officer - Chairman and CEO | Electronic & Other Electrical Equipment (No Computer Equip) | BUY | $29.24 | 50,000 | $1,462,000 | 2,248,688 | +2.3% |
| 2016-11-10 02:51 | 2016-11-07 | TRNC | N/A | FERRO MICHAEL W JR | Director, 10% owner | Other | BUY | $11.19 | 1,005,582 | $11,253,267 | 1,005,582 | +100.0% |
| 2016-11-09 15:18 | 2016-10-25 | ESNC | N/A | He Jilun | 10% owner | Other | BUY | $0.68 | 8,702,100 | $5,954,847 | 8,000,000 | +100.0% |
| 2016-11-10 01:46 | 2016-11-07 | CBG | CBRE GROUP, INC. | ValueAct Holdings, L.P. | Director, 10% owner, Other | Real Estate | BUY | $26.95 | 1,200,000 | $32,336,520 | 41,873,250 | +3.0% |
| 2016-11-10 00:37 | 2016-11-07 | SGEN | N/A | BAKER FELIX | Director, 10% owner | Other | BUY | $59.36 | 382,500 | $22,704,626 | 40,885,092 | +0.9% |
| 2016-11-10 01:28 | 2016-11-07 | WSTC | N/A | WEST MARY E | 10% owner | Other | BUY | $22.04 | 110,870 | $2,443,032 | 833,432 | +15.3% |
| 2016-11-10 01:26 | 2016-11-07 | WSTC | N/A | WEST GARY L | 10% owner | Other | BUY | $22.04 | 128,196 | $2,825,568 | 17,325 | +100.0% |
| 2016-11-09 16:27 | 2016-11-07 | TGI | N/A | Crowley Daniel J | Director, Officer - President & CEO | Other | BUY | $25.56 | 50,000 | $1,278,060 | 389,567 | +14.7% |
| 2016-11-09 04:08 | 2014-06-22 | NGBL | N/A | Goldfarb Max | 10% owner | Other | BUY | $1,809.19 | 223,000,000 | $403,449,682,200 | 295,319,000 | +308.4% |
| 2016-11-08 23:05 | 2016-06-14 | NGBL | N/A | Goldfarb Max | 10% owner | Other | BUY | $2,954.17 | 72,310,000 | $213,615,851,925 | 72,319,000 | +803,444.4% |
| 2016-11-09 00:55 | 2016-11-04 | NEWM | USA TODAY Co., Inc. | Freiberg Gregory William | Officer - CFO and CAO | Newspapers: Publishing or Publishing & Printing | BUY | $15.01 | 85,000 | $1,275,833 | 50,500 | +100.0% |
| 2016-11-09 01:43 | 2016-11-08 | HTZ | HERTZ GLOBAL HOLDINGS, INC | ICAHN CARL C | 10% owner | Services-Auto Rental & Leasing (No Drivers) | BUY | $23.43 | 15,080,442 | $353,321,184 | 28,019,038 | +116.6% |
| 2016-11-09 01:44 | 2016-11-04 | HLF | HERBALIFE LTD. | ICAHN CARL C | 10% owner | Wholesale-Drugs, Proprietaries & Druggists' Sundries | BUY | $55.05 | 1,056,069 | $58,133,219 | 22,500,000 | +4.9% |
| 2016-11-09 04:02 | 2016-11-04 | SHOS | N/A | LAMPERT EDWARD S | 10% owner | Other | BUY | $4.87 | 699,015 | $3,406,160 | 8,239,613 | +9.3% |
| 2016-11-09 02:24 | 2016-11-08 | LBTY | Liberty Global Ltd. | FRIES MICHAEL T | Director, Officer - President & CEO | Cable & Other Pay Television Services | BUY | $20.33 | 51,100 | $1,038,996 | 34,432 | +100.0% |
| 2016-11-08 20:15 | 2016-11-04 | NMFC | New Mountain Finance Corp | KLINSKY STEVEN B | Director | Other | BUY | $13.37 | 155,724 | $2,082,357 | 5,135,466 | +3.1% |
| 2016-11-07 18:24 | 2016-11-04 | OHI | OMEGA HEALTHCARE INVESTORS INC | KORMAN BERNARD J | Director | Real Estate Investment Trusts | BUY | $29.29 | 100,000 | $2,929,470 | 774,685 | +14.8% |
| 2016-11-08 02:11 | 2016-11-03 | PTI | N/A | Cormorant Asset Management, LLC | 10% owner | Other | BUY | $8.45 | 327,977 | $2,772,291 | 2,758,582 | +13.5% |
| 2016-11-07 21:33 | 2016-11-03 | FGBI | First Guaranty Bancshares, Inc. | Smith Edgar R. III | Director, 10% owner | Savings Institution, Federally Chartered | BUY | $18.00 | 90,126 | $1,622,268 | 302,993 | +42.3% |
| 2016-11-08 02:39 | 2016-11-04 | NLY | ANNALY CAPITAL MANAGEMENT INC | Finkelstein David L | Officer - Chief Investment Officer | Real Estate Investment Trusts | BUY | $10.30 | 100,000 | $1,030,000 | 200,000 | +100.0% |
| 2016-11-08 04:01 | 2016-11-03 | WSTC | N/A | WEST MARY E | 10% owner | Other | BUY | $21.50 | 157,682 | $3,389,564 | 822,345 | +23.7% |
| 2016-11-08 03:51 | 2016-11-03 | WSTC | N/A | WEST GARY L | 10% owner | Other | BUY | $21.50 | 157,682 | $3,389,564 | 822,345 | +23.7% |
| 2016-11-04 23:47 | 2016-11-02 | FISV | FISERV INC | McGranahan Devin | Officer - Group President | Services-Business Services, NEC | BUY | $99.21 | 15,000 | $1,488,150 | 25,155 | +147.7% |
| 2016-11-05 00:20 | 2016-11-04 | WBA | N/A | Pessina Stefano | Director, Officer, 10% owner - Executive Vice Chairman, CEO | Other | BUY | $81.41 | 2,000,000 | $162,820,000 | 142,992,525 | +1.4% |
| 2016-11-05 02:11 | 2016-11-02 | MCC | PhenixFIN Corp | Taube Seth | Director | Other | BUY | $7.45 | 202,800 | $1,511,184 | 1,670,851 | +13.8% |
| 2016-11-05 02:11 | 2016-11-02 | MCC | PhenixFIN Corp | Taube Brook | Director, Officer - Chief Executive Officer | Other | BUY | $7.45 | 202,800 | $1,511,184 | 1,670,851 | +13.8% |
| 2016-11-05 01:20 | 2016-11-02 | TRN | TRINITY INDUSTRIES INC | ValueAct Holdings, L.P. | 10% owner | Railroad Equipment | BUY | $21.17 | 461,605 | $9,771,762 | 15,582,605 | +3.1% |
| 2016-11-05 00:42 | 2016-11-02 | CBG | CBRE GROUP, INC. | ValueAct Holdings, L.P. | Director, 10% owner, Other | Real Estate | BUY | $25.79 | 3,836,006 | $98,942,103 | 40,673,250 | +10.4% |
| 2016-11-05 03:00 | 2016-11-02 | SHOS | N/A | LAMPERT EDWARD S | 10% owner | Other | BUY | $4.90 | 283,514 | $1,388,567 | 7,540,598 | +3.9% |
| 2016-11-04 17:33 | 2016-11-02 | NMFC | New Mountain Finance Corp | KLINSKY STEVEN B | Director | Other | BUY | $13.28 | 214,276 | $2,846,271 | 4,979,742 | +4.5% |
| 2016-11-03 23:49 | 2016-11-02 | GOLF | Acushnet Holdings Corp. | Uihlein Walter R. | Director, Officer - President & CEO | Sporting & Athletic Goods, NEC | BUY | $17.00 | 70,000 | $1,190,000 | 702,196 | +11.1% |
| 2016-11-03 22:32 | 2016-11-03 | FGBI | First Guaranty Bancshares, Inc. | Hood William K | Director | Savings Institution, Federally Chartered | BUY | $18.00 | 90,126 | $1,622,268 | 302,993 | +42.3% |
| 2016-11-04 01:24 | 2016-11-01 | CIGI | Colliers International Group Inc. | SPRUCE HOUSE PARTNERSHIP LP | 10% owner | Real Estate | BUY | $35.63 | 504,911 | $17,991,494 | 5,867,419 | +9.4% |
| 2016-11-04 00:04 | 2016-11-02 | GGO | N/A | GABELLI MARIO J | Director, 10% owner, Other | Other | BUY | $20.00 | 674,211 | $13,484,220 | 958,746 | +237.0% |
| 2016-11-04 00:30 | 2016-11-03 | HLF | HERBALIFE LTD. | ICAHN CARL C | 10% owner | Wholesale-Drugs, Proprietaries & Druggists' Sundries | BUY | $54.70 | 1,832,402 | $100,232,389 | 21,443,931 | +9.3% |
| 2016-11-04 00:16 | 2016-11-02 | VNO | VORNADO REALTY TRUST | TISCH DANIEL R | Director | Real Estate Investment Trusts | BUY | $88.53 | 50,000 | $4,426,460 | 50,000 | +100.0% |
| 2016-11-04 01:12 | 2016-11-03 | SGEN | N/A | BAKER FELIX | Director, 10% owner | Other | BUY | $56.43 | 198,433 | $11,196,761 | 40,540,247 | +0.5% |
| 2016-11-04 01:11 | 2016-11-01 | SGEN | N/A | BAKER FELIX | Director, 10% owner | Other | BUY | $56.13 | 1,030,629 | $57,845,186 | 40,361,400 | +2.6% |
| 2016-11-03 23:24 | 2016-11-01 | AWRE | AWARE INC /MA/ | STAFFORD JOHN S JR | Director | Services-Prepackaged Software | BUY | $5.23 | 286,671 | $1,497,856 | 321,671 | +819.1% |
| 2016-11-02 21:29 | 2016-11-02 | BL | BLACKLINE, INC. | Griffith William J.G. | Director, 10% owner | Services-Prepackaged Software | BUY | $17.00 | 825,000 | $14,025,000 | 1,597,991 | +106.7% |
| 2016-11-02 21:29 | 2016-11-02 | BL | BLACKLINE, INC. | ICONIQ Strategic Partners, L.P. | 10% owner | Services-Prepackaged Software | BUY | $17.00 | 825,000 | $14,025,000 | 1,597,991 | +106.7% |
| 2016-11-02 23:54 | 2016-10-31 | RARX | N/A | Novo A/S | 10% owner | Other | BUY | $13.00 | 246,154 | $3,200,002 | 2,031,562 | +13.8% |
| 2016-11-03 00:53 | 2016-11-01 | NUVA | N/A | Miles Patrick | Director | Other | BUY | $58.97 | 16,967 | $1,000,502 | 16,967 | +100.0% |
| 2016-11-01 16:20 | 2016-11-01 | N-A | N/A | Kaiser Foundation Hospitals | 10% owner | Other | BUY | $10.44 | 1,915,709 | $20,000,000 | 4,825,505 | +65.8% |
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.