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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016-01-21 20:05 | 2016-01-19 | DSU | BLACKROCK DEBT STRATEGIES FUND, INC. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $3.17 | 1,057,174 | $3,354,413 | 19,847,490 | +5.6% |
| 2016-01-20 14:07 | 2016-01-19 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $18.32 | 121,100 | $2,218,177 | 21,181,446 | +0.6% |
| 2016-01-21 02:25 | 2016-01-15 | BH | N/A | BIGLARI, SARDAR | Director, Officer, 10% owner - Chairman and CEO | Other | BUY | $341.05 | 3,461 | $1,180,387 | 628,738 | +0.6% |
| 2016-01-21 04:23 | 2016-01-15 | LE | LANDS' END, INC. | LAMPERT EDWARD S | 10% owner | Retail-Family Clothing Stores | BUY | $20.92 | 161,551 | $3,380,309 | 10,458,111 | +1.6% |
| 2016-01-21 03:13 | 2016-01-15 | BCRX | BIOCRYST PHARMACEUTICALS INC | BAKER BROS. ADVISORS LP | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $7.28 | 344,895 | $2,510,146 | 12,446,380 | +2.9% |
| 2016-01-21 03:12 | 2016-01-19 | AQXP | Neurogene Inc. | BAKER BROS. ADVISORS LP | 10% owner | Pharmaceutical Preparations | BUY | $9.33 | 190,079 | $1,773,646 | 6,375,941 | +3.1% |
| 2016-01-20 00:23 | 2016-01-14 | DM | N/A | DOMINION RESOURCES INC /VA/ | Director, 10% owner | Other | BUY | $26.49 | 50,000 | $1,324,480 | 49,946,161 | +0.1% |
| 2016-01-20 03:57 | 2016-01-14 | SMLP | N/A | ENERGY CAPITAL PARTNERS II, LLC | Director, 10% owner | Other | BUY | $16.31 | 267,650 | $4,364,408 | 1,001,733 | +36.5% |
| 2016-01-20 05:59 | 2016-01-15 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $18.59 | 116,400 | $2,163,969 | 21,060,346 | +0.6% |
| 2016-01-20 01:34 | 2016-01-14 | SHLD | N/A | BERKOWITZ BRUCE R | 10% owner | Other | BUY | $17.39 | 142,000 | $2,469,295 | 28,385,448 | +0.5% |
| 2016-01-20 00:38 | 2016-01-15 | NA | N/A | Calease Jerry A | Director | Other | BUY | $117,600.00 | 20,000 | $2,352,000,000 | 80,000 | +33.3% |
| 2016-01-20 03:03 | 2016-01-14 | TNGO | N/A | Clearlake Capital Partners IV Finance, L.P. | 10% owner | Other | BUY | $8.19 | 468,057 | $3,833,293 | 5,109,900 | +10.1% |
| 2016-01-20 03:54 | 2016-01-14 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $77.59 | 719,055 | $55,789,464 | 69,751,964 | +1.0% |
| 2016-01-15 17:01 | 2016-01-13 | ARDX | Ardelyx Inc. | Sakoda Jon | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 14:07 | 2016-01-14 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $19.40 | 116,400 | $2,258,451 | 20,943,946 | +0.6% |
| 2016-01-15 21:06 | 2016-01-13 | FTF | FRANKLIN LTD DURATION INCOME TRUST | Saba Capital Management, L.P. | 10% owner | Other | BUY | $10.60 | 194,337 | $2,060,031 | 2,885,249 | +7.2% |
| 2016-01-16 02:24 | 2016-01-13 | NOG | NORTHERN OIL & GAS, INC. | Rowling Robert B. | 10% owner | Crude Petroleum & Natural Gas | BUY | $2.95 | 780,724 | $2,305,010 | 8,948,728 | +9.6% |
| 2016-01-16 01:37 | 2016-01-14 | AQXP | Neurogene Inc. | BAKER BROS. ADVISORS LP | 10% owner | Pharmaceutical Preparations | BUY | $8.28 | 202,623 | $1,677,090 | 6,204,630 | +3.4% |
| 2016-01-16 04:12 | 2016-01-13 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $76.51 | 1,587,407 | $121,457,272 | 69,032,909 | +2.4% |
| 2016-01-16 00:05 | 2016-01-13 | LIOX | N/A | GLENHILL ADVISORS LLC | 10% owner | Other | BUY | $4.19 | 307,367 | $1,287,345 | 6,858,767 | +4.7% |
| 2016-01-15 00:10 | 2016-01-12 | DM | N/A | DOMINION RESOURCES INC /VA/ | Director, 10% owner | Other | BUY | $26.48 | 50,000 | $1,323,750 | 49,896,161 | +0.1% |
| 2016-01-15 02:00 | 2016-01-12 | PEIX | Alto Ingredients Inc. | Candlewood Investment Group, LP | 10% owner | Industrial Organic Chemicals | BUY | $3.39 | 1,824,544 | $6,185,022 | 738,306 | +100.0% |
| 2016-01-15 00:32 | 2016-01-13 | ARDX | Ardelyx Inc. | Viswanathan Ravi | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 00:32 | 2016-01-13 | ARDX | Ardelyx Inc. | Sonsini Peter W. | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 00:28 | 2016-01-13 | ARDX | Ardelyx Inc. | Florence Anthony A. Jr. | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 00:25 | 2016-01-13 | ARDX | Ardelyx Inc. | NEA 15 GP, LLC | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 00:26 | 2016-01-13 | ARDX | Ardelyx Inc. | New Enterprise Associates 12, Limited Partnership | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 500,000 | $5,000,000 | 7,988,893 | +6.7% |
| 2016-01-14 14:07 | 2016-01-13 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $19.66 | 116,400 | $2,288,412 | 20,827,546 | +0.6% |
| 2016-01-15 00:33 | 2016-01-13 | ARDX | Ardelyx Inc. | Weller Harry R | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 02:48 | 2016-01-12 | BH | N/A | BIGLARI, SARDAR | Director, Officer, 10% owner - Chairman and CEO | Other | BUY | $341.28 | 3,184 | $1,086,634 | 625,277 | +0.5% |
| 2016-01-15 00:28 | 2016-01-13 | ARDX | Ardelyx Inc. | BASKETT FOREST | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,500,000 | $15,000,000 | 1,901,869 | +373.3% |
| 2016-01-15 00:29 | 2016-01-13 | ARDX | Ardelyx Inc. | KOLLURI KRISHNA KITTU | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,500,000 | $15,000,000 | 1,901,869 | +373.3% |
| 2016-01-15 01:44 | 2016-01-13 | RDUS | N/A | BIOTECH GROWTH N V | 10% owner | Other | BUY | $39.90 | 50,000 | $1,994,885 | 4,322,140 | +1.2% |
| 2016-01-15 00:31 | 2016-01-13 | ARDX | Ardelyx Inc. | SANDELL SCOTT D | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,500,000 | $15,000,000 | 1,901,869 | +373.3% |
| 2016-01-15 00:30 | 2016-01-13 | ARDX | Ardelyx Inc. | MAKOWER JOSHUA | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 00:29 | 2016-01-13 | ARDX | Ardelyx Inc. | KERINS PATRICK J | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 500,000 | $5,000,000 | 7,988,893 | +6.7% |
| 2016-01-15 00:30 | 2016-01-13 | ARDX | Ardelyx Inc. | MOTT DAVID M | Director, 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,000,000 | $10,000,000 | 1,901,869 | +110.9% |
| 2016-01-15 00:26 | 2016-01-13 | ARDX | Ardelyx Inc. | BARRETT M JAMES | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 500,000 | $5,000,000 | 7,988,893 | +6.7% |
| 2016-01-15 01:48 | 2016-01-12 | SRG | Seritage Growth Properties | BERKOWITZ BRUCE R | 10% owner | Real Estate | BUY | $38.55 | 50,300 | $1,939,040 | 3,574,750 | +1.4% |
| 2016-01-15 01:20 | 2016-01-12 | ARNI | N/A | Ruchefsky Steven B | Director | Other | BUY | $0.35 | 2,876,633 | $1,006,822 | 4,472,905 | +180.2% |
| 2016-01-14 19:16 | 2016-01-12 | SCOR | COMSCORE, INC. | WPP plc | 10% owner | Services-Business Services, NEC | BUY | $37.69 | 99,479 | $3,749,115 | 7,015,324 | +1.4% |
| 2016-01-15 03:26 | 2016-01-12 | CEQP | N/A | First Reserve GP XI, Inc. | Director, 10% owner | Other | BUY | $15.33 | 241,715 | $3,705,660 | 4,984,342 | +5.1% |
| 2016-01-15 01:46 | 2016-01-12 | REGN | REGENERON PHARMACEUTICALS, INC. | Sanofi | 10% owner | Pharmaceutical Preparations | BUY | $465.04 | 83,938 | $39,034,662 | 23,192,508 | +0.4% |
| 2016-01-15 04:00 | 2016-01-12 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $77.03 | 861,470 | $66,361,877 | 67,445,502 | +1.3% |
| 2016-01-15 05:43 | 2016-01-12 | APRI | N/A | DENNER ALEXANDER J | 10% owner | Other | BUY | $0.88 | 1,306,819 | $1,150,001 | 7,831,324 | +20.0% |
| 2016-01-15 00:27 | 2016-01-13 | ARDX | Ardelyx Inc. | BARRIS PETER J | 10% owner | Pharmaceutical Preparations | BUY | $10.00 | 1,500,000 | $15,000,000 | 1,901,869 | +373.3% |
| 2016-01-14 04:45 | 2016-01-11 | SMLP | N/A | ENERGY CAPITAL PARTNERS II, LLC | Director, 10% owner | Other | BUY | $17.16 | 296,142 | $5,082,182 | 734,083 | +67.6% |
| 2016-01-14 05:22 | 2016-01-07 | CSWC | CAPITAL SOUTHWEST CORP | Moab Capital Partners LLC | 10% owner | Other | BUY | $14.11 | 90,475 | $1,276,611 | 1,652,313 | +5.8% |
| 2016-01-14 05:12 | 2016-01-12 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $20.10 | 116,400 | $2,340,071 | 20,711,146 | +0.6% |
| 2016-01-14 02:23 | 2016-01-11 | TUES | N/A | Becker Steven R | Director, Officer - Chief Executive Officer | Other | BUY | $5.14 | 1,055,467 | $5,425,734 | 1,157,367 | +1,035.8% |
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.