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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012-05-19 00:15 | 2012-05-16 | RSG | REPUBLIC SERVICES, INC. | CASCADE INVESTMENT LLC | 10% owner | Refuse Systems | BUY | $25.95 | 744,162 | $19,311,748 | 69,809,991 | +1.1% |
| 2012-05-19 00:14 | 2012-05-16 | AN | AutoNation Inc. | CASCADE INVESTMENT LLC | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $34.92 | 40,522 | $1,415,065 | 15,697,599 | +0.3% |
| 2012-05-18 14:43 | 2012-05-16 | LVLT | N/A | STT CROSSING LTD | 10% owner | Other | BUY | $23.07 | 1,567,083 | $36,145,240 | 54,044,247 | +3.0% |
| 2012-05-17 19:34 | 2012-05-09 | ISLT | N/A | Perlin Joel | Director | Other | BUY | $108,000.00 | 240,000 | $25,920,000,000 | 1,940,000 | +14.1% |
| 2012-05-18 03:24 | 2012-05-15 | STRI | N/A | RED MOUNTAIN CAPITAL PARTNERS LLC | 10% owner | Other | BUY | $4.36 | 779,802 | $3,401,808 | 4,942,011 | +18.7% |
| 2012-05-18 00:23 | 2012-05-15 | HALO | HALOZYME THERAPEUTICS, INC. | KIRK RANDAL J | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $7.42 | 1,071,498 | $7,951,372 | 3,977,445 | +36.9% |
| 2012-05-18 02:59 | 2012-05-15 | CYNX | N/A | 5Barz International, Inc. | 10% owner | Other | BUY | $58,500.00 | 390,000,000 | $22,815,000,000,000 | 854,745,971 | +83.9% |
| 2012-05-17 23:21 | 2012-05-15 | RSG | REPUBLIC SERVICES, INC. | CASCADE INVESTMENT LLC | 10% owner | Refuse Systems | BUY | $25.55 | 209,346 | $5,348,811 | 69,065,829 | +0.3% |
| 2012-05-17 23:20 | 2012-05-15 | AN | AutoNation Inc. | CASCADE INVESTMENT LLC | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $34.82 | 64,340 | $2,240,261 | 15,657,077 | +0.4% |
| 2012-05-18 02:26 | 2012-05-15 | BAS | N/A | WEBSTER STEVEN A | Director | Other | BUY | $11.69 | 175,000 | $2,046,608 | 766,070 | +29.6% |
| 2012-05-17 02:21 | 2012-05-15 | SRNE | Sorrento Therapeutics Inc. | Ji Henry | Director, Officer, 10% owner - Interim CEO and CSO | Biological Products, (No Diagnostic Substances) | BUY | $0.16 | 6,250,000 | $1,000,000 | 6,250,000 | +100.0% |
| 2012-05-17 02:05 | 2012-05-14 | VRX | Bausch Health Companies Inc. | ValueAct Holdings, L.P. | Director, Other | Pharmaceutical Preparations | BUY | $50.98 | 295,000 | $15,039,100 | 15,809,302 | +1.9% |
| 2012-05-16 23:16 | 2012-05-16 | PBTH | N/A | FROST PHILLIP MD ET AL | Director, 10% owner | Other | BUY | $5.00 | 1,000,000 | $5,000,000 | 12,571,601 | +8.6% |
| 2012-05-17 01:10 | 2012-05-14 | USAP | N/A | PENNANT CAPITAL MANAGEMENT, LLC | 10% owner | Other | BUY | $44.36 | 28,001 | $1,242,189 | 853,900 | +3.4% |
| 2012-05-16 17:50 | 2012-05-14 | NDAQ | NASDAQ, INC. | INVESTOR AB | 10% owner | Security & Commodity Brokers, Dealers, Exchanges & Services | BUY | $23.53 | 300,000 | $7,060,350 | 18,904,142 | +1.6% |
| 2012-05-17 03:18 | 2012-05-14 | GHDX | N/A | BAKER JULIAN | Director, 10% owner | Other | BUY | $33.88 | 376,059 | $12,740,277 | 243,405 | +100.0% |
| 2012-05-16 16:29 | 2012-05-16 | THRX | Innoviva, Inc. | GLAXOSMITHKLINE PLC | 10% owner | Pharmaceutical Preparations | BUY | $21.29 | 10,000,000 | $212,887,000 | 25,814,421 | +63.2% |
| 2012-05-16 23:29 | 2012-05-14 | AN | AutoNation Inc. | CASCADE INVESTMENT LLC | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $34.91 | 128,564 | $4,487,629 | 15,592,737 | +0.8% |
| 2012-05-16 21:19 | 2012-05-15 | COMV | N/A | Peak Merger Corp. | 10% owner | Other | BUY | $1.75 | 82,526,393 | $144,421,188 | 0 | +100.0% |
| 2012-05-16 17:48 | 2012-05-14 | LVLT | N/A | STT CROSSING LTD | 10% owner | Other | BUY | $23.95 | 629,993 | $15,088,899 | 52,477,164 | +1.2% |
| 2012-05-16 01:57 | 2012-05-11 | SXCL-PK | N/A | SPH Group Holdings LLC | 10% owner | Other | BUY | $28.26 | 87,850 | $2,482,588 | 4,541,209 | +2.0% |
| 2012-05-15 19:36 | 2012-04-24 | HCCI | N/A | Heritage Group | 10% owner | Other | BUY | $20.50 | 322,923 | $6,619,922 | 4,795,444 | +7.2% |
| 2012-05-15 17:42 | 2012-05-11 | EVER | N/A | KLEEMAN MERRICK R | Director | Other | BUY | $10.66 | 118,751 | $1,266,373 | 277,869 | +74.6% |
| 2012-05-15 15:26 | 2012-05-15 | LIME | N/A | KIPHART RICHARD P | Director, 10% owner | Other | BUY | $2.55 | 1,000,000 | $2,550,000 | 10,637,170 | +10.4% |
| 2012-05-15 14:52 | 2012-05-10 | LVLT | N/A | STT CROSSING LTD | 10% owner | Other | BUY | $24.35 | 1,348,578 | $32,843,673 | 51,847,171 | +2.7% |
| 2012-05-14 20:54 | 2012-05-10 | WMC | N/A | Fulton Stephen P | Officer - Chief Investment Officer | Other | BUY | $18.62 | 78,000 | $1,452,438 | 78,000 | +100.0% |
| 2012-05-14 23:38 | 2012-05-11 | TORM | N/A | HARTMAN DOUGLAS M | Director, 10% owner | Other | BUY | $2,875.00 | 500 | $1,437,500 | 305,340 | +0.2% |
| 2012-05-14 23:54 | 2012-05-11 | TORM | N/A | HARTMAN DAVID H | Director, 10% owner | Other | BUY | $2,875.00 | 500 | $1,437,500 | 305,340 | +0.2% |
| 2012-05-14 21:19 | 2012-05-11 | RPRX | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $6.35 | 170,000 | $1,079,840 | 2,803,060 | +6.5% |
| 2012-05-14 21:25 | 2012-05-14 | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | CARANO BANDEL L | Director | Guided Missiles & Space Vehicles & Parts | BUY | $5.00 | 11,000,000 | $55,000,000 | 11,825,600 | +1,332.4% |
| 2012-05-15 04:28 | 2012-05-10 | NFLX | NETFLIX INC | HOAG JAY C | Director | Services-Video Tape Rental | BUY | $73.07 | 143,400 | $10,477,521 | 2,122 | +100.0% |
| 2012-05-14 23:11 | 2012-05-10 | AN | AutoNation Inc. | CASCADE INVESTMENT LLC | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $34.99 | 70,690 | $2,473,627 | 15,437,452 | +0.5% |
| 2012-05-12 00:05 | 2012-05-09 | INFU | InfuSystem Holdings, Inc | Meson Capital Partners LLC | Director | Surgical & Medical Instruments & Apparatus | BUY | $2.25 | 1,066,000 | $2,398,500 | 1,545,876 | +222.1% |
| 2012-05-11 22:22 | 2012-05-10 | RPRX | N/A | PERCEPTIVE ADVISORS LLC | 10% owner | Other | BUY | $4.82 | 325,000 | $1,566,110 | 2,633,060 | +14.1% |
| 2012-05-12 01:01 | 2012-05-09 | GHDX | N/A | BAKER JULIAN | Director, 10% owner | Other | BUY | $29.96 | 114,888 | $3,441,711 | 235,167 | +95.5% |
| 2012-05-11 23:27 | 2012-05-09 | AN | AutoNation Inc. | CASCADE INVESTMENT LLC | 10% owner | Retail-Auto Dealers & Gasoline Stations | BUY | $34.52 | 198,500 | $6,851,466 | 15,366,762 | +1.3% |
| 2012-05-11 21:22 | 2012-05-09 | COMV | N/A | Peak Holding Corp. | 10% owner | Other | BUY | $1.75 | 14,407,789 | $25,213,631 | 14,407,789 | +100.0% |
| 2012-05-10 23:36 | 2012-05-08 | VRX | Bausch Health Companies Inc. | ValueAct Holdings, L.P. | Director, Other | Pharmaceutical Preparations | BUY | $51.00 | 419,000 | $21,369,000 | 15,514,302 | +2.8% |
| 2012-05-10 23:31 | 2012-05-09 | ARCC | Ares Capital Corporation | Arougheti Michael J | Director, Officer - President | Other | BUY | $15.39 | 100,000 | $1,539,000 | 353,679 | +39.4% |
| 2012-05-11 03:25 | 2012-05-08 | NFLX | NETFLIX INC | HOAG JAY C | Director | Services-Video Tape Rental | BUY | $72.55 | 200,000 | $14,509,120 | 1,236 | +100.0% |
| 2012-05-10 00:34 | 2012-05-08 | SIRI | SIRIUS XM HOLDINGS INC. | Liberty Media Corp | 10% owner | Radio Broadcasting Stations | BUY | $2.13 | 60,350,000 | $128,479,115 | 60,350,000 | +100.0% |
| 2012-05-09 21:09 | 2012-05-07 | KRA | N/A | GMT CAPITAL CORP | 10% owner | Other | BUY | $22.88 | 48,500 | $1,109,680 | 4,516,155 | +1.1% |
| 2012-05-09 18:11 | 2012-05-08 | N/A | N/A | BRIGHTLINE CAPITAL MANAGEMENT, LLC | 10% owner | Other | BUY | $1.50 | 744,711 | $1,117,067 | 5,916,136 | +14.4% |
| 2012-05-10 03:56 | 2012-05-08 | IGTE | N/A | Apax Guernsey (Holdco) Ltd | 10% owner | Other | BUY | $18.10 | 358,500 | $6,488,850 | 18,192,814 | +2.0% |
| 2012-05-10 03:17 | 2012-05-08 | IGTE | N/A | APAX PARTNERS EUROPE MANAGERS LTD | 10% owner | Other | BUY | $18.10 | 358,500 | $6,488,850 | 18,192,814 | +2.0% |
| 2012-05-10 03:07 | 2012-05-08 | IGTE | N/A | Apax Europe VII GP L.P. Inc. | 10% owner | Other | BUY | $18.10 | 259,500 | $4,696,950 | 13,138,478 | +2.0% |
| 2012-05-10 03:03 | 2012-05-08 | IGTE | N/A | Apax Europe VII GP Co. Ltd | 10% owner | Other | BUY | $18.10 | 259,500 | $4,696,950 | 13,138,478 | +2.0% |
| 2012-05-10 02:13 | 2012-05-08 | IGTE | N/A | Viscaria Ltd | 10% owner | Other | BUY | $18.10 | 1,500,000 | $27,150,000 | 19,181,732 | +8.5% |
| 2012-05-09 23:40 | 2012-05-08 | DGX | QUEST DIAGNOSTICS INC | RUSCKOWSKI STEPHEN H | Director, Officer - President and CEO | Services-Medical Laboratories | BUY | $56.89 | 20,000 | $1,137,748 | 63,034 | +46.5% |
| 2012-05-09 00:56 | 2012-05-04 | SUPN | SUPERNUS PHARMACEUTICALS, INC. | Abingworth Management LTD | 10% owner | Pharmaceutical Preparations | BUY | $5.00 | 1,100,000 | $5,500,000 | 3,600,000 | +44.0% |
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.