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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016-01-14 01:11 | 2016-01-11 | DFRG | N/A | Fidelity National Financial, Inc. | 10% owner | Other | BUY | $14.91 | 194,080 | $2,894,451 | 2,524,797 | +8.3% |
| 2016-01-13 15:04 | 2016-01-08 | CONN | N/A | STEPHENS HARRIET C | 10% owner | Other | BUY | $16.76 | 150,000 | $2,513,730 | 931,038 | +19.2% |
| 2016-01-13 15:02 | 2016-01-08 | CONN | N/A | STEPHENS WARREN A | 10% owner | Other | BUY | $16.76 | 150,000 | $2,513,730 | 931,038 | +19.2% |
| 2016-01-14 02:09 | 2016-01-11 | BNED | Barnes & Noble Education, Inc. | ABRAMS CAPITAL MANAGEMENT, L.P. | 10% owner | Retail-Miscellaneous Shopping Goods Stores | BUY | $8.84 | 488,348 | $4,316,459 | 8,709,140 | +5.9% |
| 2016-01-14 00:05 | 2016-01-11 | NOG | NORTHERN OIL & GAS, INC. | Rowling Robert B. | 10% owner | Crude Petroleum & Natural Gas | BUY | $3.13 | 436,682 | $1,368,649 | 8,168,004 | +5.6% |
| 2016-01-14 05:04 | 2016-01-11 | GST | N/A | GLOBAL UNDERVALUED SECURITIES MASTER FUND LP | 10% owner, Other | Other | BUY | $1.06 | 1,311,770 | $1,396,642 | 9,649,519 | +15.7% |
| 2016-01-14 04:02 | 2016-01-11 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $75.96 | 902,442 | $68,552,292 | 66,584,032 | +1.4% |
| 2016-01-14 00:25 | 2016-01-11 | AEO | AMERICAN EAGLE OUTFITTERS INC | SCHOTTENSTEIN JAY L | Director, Officer - Exec Chairman & CEO | Retail-Family Clothing Stores | BUY | $13.22 | 164,257 | $2,171,478 | 3,698,817 | +4.6% |
| 2016-01-13 01:35 | 2016-01-12 | EPZM | N/A | Viswanathan Ravi | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 01:30 | 2016-01-12 | EPZM | N/A | NEW ENTERPRISE ASSOCIATES 13 LP | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-12 14:11 | 2016-01-11 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $20.14 | 116,400 | $2,344,785 | 20,594,746 | +0.6% |
| 2016-01-12 14:10 | 2016-01-08 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $19.88 | 128,500 | $2,554,027 | 20,478,346 | +0.6% |
| 2016-01-13 01:35 | 2016-01-12 | EPZM | N/A | Weller Harry R | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 00:30 | 2016-01-12 | EPZM | N/A | BAY CITY CAPITAL LLC | 10% owner | Other | BUY | $9.00 | 555,555 | $4,999,995 | 3,380,951 | +19.7% |
| 2016-01-13 01:32 | 2016-01-12 | EPZM | N/A | BASKETT FOREST | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 01:33 | 2016-01-12 | EPZM | N/A | KOLLURI KRISHNA KITTU | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 01:34 | 2016-01-12 | EPZM | N/A | SANDELL SCOTT D | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 01:33 | 2016-01-12 | EPZM | N/A | KERINS PATRICK J | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 05:41 | 2016-01-08 | CONN | N/A | STEPHENS WARREN & HARRIET CHILDRENS TRUST UID 9/30/87 | 10% owner | Other | BUY | $16.76 | 90,000 | $1,508,238 | 931,038 | +10.7% |
| 2016-01-13 01:34 | 2016-01-12 | EPZM | N/A | MOTT DAVID M | Director, 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-13 01:31 | 2016-01-12 | EPZM | N/A | BARRETT M JAMES | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-12 22:58 | 2016-01-08 | SCOR | COMSCORE, INC. | WPP plc | 10% owner | Services-Business Services, NEC | BUY | $36.69 | 120,000 | $4,402,956 | 6,915,845 | +1.8% |
| 2016-01-13 03:26 | 2016-01-08 | CEQP | N/A | First Reserve GP XI, Inc. | Director, 10% owner | Other | BUY | $16.79 | 366,770 | $6,157,481 | 4,742,627 | +8.4% |
| 2016-01-13 00:32 | 2016-01-12 | EPZM | N/A | GOLDFISCHER CARL | Director | Other | BUY | $9.00 | 555,555 | $4,999,995 | 3,380,951 | +19.7% |
| 2016-01-13 03:43 | 2016-01-08 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $76.01 | 1,741,210 | $132,344,845 | 65,681,590 | +2.7% |
| 2016-01-13 01:30 | 2016-01-10 | XONE | N/A | ROCKWELL S KENT | Director, Officer, 10% owner - CHAIR and CEO | Other | BUY | $9.13 | 1,423,877 | $12,999,997 | 4,210,555 | +51.1% |
| 2016-01-13 01:32 | 2016-01-12 | EPZM | N/A | BARRIS PETER J | 10% owner | Other | BUY | $9.00 | 1,111,111 | $9,999,999 | 5,854,351 | +23.4% |
| 2016-01-12 04:14 | 2016-01-07 | SMLP | N/A | ENERGY CAPITAL PARTNERS II, LLC | Director, 10% owner - SEE REMARKS | Other | BUY | $17.57 | 136,283 | $2,394,656 | 437,941 | +45.2% |
| 2016-01-12 00:17 | 2016-01-11 | XLRN | N/A | CELGENE CORP /DE/ | 10% owner | Other | BUY | $40.00 | 800,000 | $32,000,000 | 5,372,887 | +17.5% |
| 2016-01-12 00:48 | 2016-01-07 | UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Coliseum Capital Management, LLC | 10% owner | Services-Educational Services | BUY | $3.48 | 485,000 | $1,688,867 | 3,582,724 | +15.7% |
| 2016-01-12 04:23 | 2016-01-07 | APC | N/A | FLUOR PETER J | Director | Other | BUY | $41.19 | 25,000 | $1,029,855 | 104,758 | +31.3% |
| 2016-01-12 03:33 | 2016-01-07 | ARRY | N/A | Redmile Group, LLC | 10% owner | Other | BUY | $3.67 | 925,000 | $3,394,473 | 18,775,650 | +5.2% |
| 2016-01-12 03:27 | 2015-09-29 | ARRY | N/A | Redmile Group, LLC | 10% owner | Other | BUY | $4.58 | 600,140 | $2,750,682 | 17,850,650 | +3.5% |
| 2016-01-12 04:22 | 2016-01-07 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $76.63 | 1,645,887 | $126,127,777 | 63,940,380 | +2.6% |
| 2016-01-11 16:17 | 2016-01-07 | CTIC | N/A | BVF PARTNERS L P/IL | 10% owner | Other | BUY | $1.22 | 1,001,327 | $1,218,715 | 17,263,200 | +6.2% |
| 2016-01-12 01:56 | 2016-01-06 | TBIO | Precipio, Inc. | KIRK RANDAL J | 10% owner | Laboratory Analytical Instruments | BUY | $1.00 | 4,474,825 | $4,474,825 | 894,613 | +100.0% |
| 2016-01-09 00:15 | 2016-01-06 | APPF | Appfolio Inc. | Keenan Capital, LLC | 10% owner | Services-Prepackaged Software | BUY | $13.80 | 150,000 | $2,070,000 | 900,000 | +20.0% |
| 2016-01-09 02:34 | 2016-01-07 | FSIC | FS KKR Capital Corp | Forman Michael C. | Director, Officer - Chief Executive Officer | Other | BUY | $8.71 | 197,523 | $1,719,892 | 701,719 | +39.2% |
| 2016-01-09 02:57 | 2016-01-06 | AMID | N/A | ARCLIGHT ENERGY PARTNERS FUND V, L.P. | Director, 10% owner | Other | BUY | $8.03 | 493,163 | $3,962,022 | 1,289,356 | +61.9% |
| 2016-01-08 14:07 | 2016-01-07 | AYR | Aircastle LTD | MARUBENI CORP /FI | Director, 10% owner | Services-Equipment Rental & Leasing, NEC | BUY | $19.97 | 128,218 | $2,560,513 | 20,349,846 | +0.6% |
| 2016-01-09 02:03 | 2016-01-06 | SHLD | N/A | BERKOWITZ BRUCE R | 10% owner | Other | BUY | $18.86 | 97,100 | $1,831,432 | 28,206,448 | +0.3% |
| 2016-01-09 04:34 | 2016-01-06 | TNGO | N/A | Clearlake Capital Partners IV Finance, L.P. | 10% owner | Other | BUY | $8.29 | 665,798 | $5,517,601 | 4,641,843 | +16.7% |
| 2016-01-09 01:08 | 2016-01-06 | SCOR | COMSCORE, INC. | WPP plc | 10% owner | Services-Business Services, NEC | BUY | $39.04 | 120,000 | $4,684,572 | 6,795,845 | +1.8% |
| 2016-01-09 02:53 | 2016-01-06 | CEQP | N/A | First Reserve GP XI, Inc. | Director, 10% owner | Other | BUY | $18.36 | 374,792 | $6,881,256 | 4,375,857 | +9.4% |
| 2016-01-09 02:07 | 2016-01-07 | ACAD | Acadia Pharmaceuticals Inc. | 14159, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $29.00 | 2,586,206 | $74,999,974 | 20,278,008 | +14.6% |
| 2016-01-09 03:07 | 2016-01-07 | ACAD | Acadia Pharmaceuticals Inc. | BAKER BROS. ADVISORS LP | Director, 10% owner | Pharmaceutical Preparations | BUY | $29.00 | 2,586,206 | $74,999,974 | 20,278,008 | +14.6% |
| 2016-01-09 03:42 | 2016-01-06 | PSX | Phillips 66 | BERKSHIRE HATHAWAY INC | 10% owner | Petroleum Refining | BUY | $78.34 | 759,295 | $59,483,018 | 62,294,493 | +1.2% |
| 2016-01-08 02:29 | 2016-01-05 | STAA | STAAR SURGICAL CO | BROADWOOD PARTNERS LP | 10% owner | Ophthalmic Goods | BUY | $6.95 | 267,047 | $1,856,083 | 9,050,070 | +3.0% |
| 2016-01-07 02:13 | 2016-01-04 | SMLP | N/A | ENERGY CAPITAL PARTNERS II, LLC | Director, 10% owner | Other | BUY | $18.82 | 156,704 | $2,948,605 | 301,658 | +108.1% |
| 2016-01-06 23:44 | 2016-01-05 | CVGI | Commercial Vehicle Group, Inc. | Siemer Arnold B | 10% owner | Motor Vehicle Parts & Accessories | BUY | $2.68 | 434,200 | $1,162,527 | 3,462,593 | +14.3% |
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.