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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011-09-29 23:09 | 2011-09-27 | LNDT | N/A | SJ Asia Pacific Ltd. | 10% owner | Other | BUY | $4.80 | 5,400,000 | $25,920,000 | 11,675,118 | +86.1% |
| 2011-09-30 01:23 | 2011-09-26 | XXXX | FinTrade Sherpa, Inc. | BAKER ROBERT M | Director, Officer, 10% owner - President/CEO/CFO/Secretary | Gold and Silver Ores | BUY | $25.00 | 2,500,000 | $62,500,000 | 5,000,000 | +100.0% |
| 2011-09-29 23:05 | 2011-09-27 | CMLS | CUMULUS MEDIA INC | DICKEY LEWIS W SR | 10% owner | Radio Broadcasting Stations | BUY | $2.91 | 353,907 | $1,028,206 | 7,991,476 | +4.6% |
| 2011-09-30 00:12 | 2011-09-29 | VHI | VALHI INC /DE/ | SIMMONS HAROLD C | Director, Officer, 10% owner - Chairman of the Board | Industrial Inorganic Chemicals | BUY | $52.18 | 19,800 | $1,033,231 | 2,021,332 | +1.0% |
| 2011-09-30 00:45 | 2011-09-27 | ADPT | N/A | SPH Group Holdings LLC | 10% owner | Other | BUY | $2.70 | 904,800 | $2,439,884 | 41,031,674 | +2.3% |
| 2011-09-29 01:44 | 2010-05-26 | APXG | N/A | Champion Investors (China) LTD. | 10% owner | Other | BUY | $2.40 | 937,500 | $2,250,000 | 2,604,168 | +56.2% |
| 2011-09-29 01:17 | 2011-09-26 | SCGA | N/A | Driver Jeremy | Director, Officer, 10% owner - President & CEO | Other | BUY | $0.10 | 31,666,667 | $3,166,667 | 48,366,667 | +189.6% |
| 2011-09-29 03:36 | 2011-09-26 | WMGI | N/A | OEPW, LLC | 10% owner | Other | BUY | $17.95 | 273,067 | $4,902,345 | 4,213,519 | +6.9% |
| 2011-09-28 23:24 | 2011-09-27 | VMW | N/A | EMC CORP | 10% owner | Other | BUY | $86.61 | 23,502 | $2,035,558 | 36,977,693 | +0.1% |
| 2011-09-28 23:52 | 2011-09-26 | RRD | N/A | JOHNSON THOMAS S | Director | Other | BUY | $14.49 | 206,200 | $2,987,302 | 281,825 | +272.7% |
| 2011-09-28 00:06 | 2011-09-23 | FDML | N/A | ICAHN CARL C | Director, 10% owner, Other | Other | BUY | $14.91 | 102,246 | $1,524,263 | 75,854,015 | +0.1% |
| 2011-09-27 23:58 | 2011-09-23 | CCO | Clear Channel Outdoor Holdings, Inc. | CC Media Holdings Inc | 10% owner | Services-Advertising | BUY | $10.23 | 123,313 | $1,262,010 | 998,250 | +14.1% |
| 2011-09-28 01:06 | 2011-09-23 | KEG | N/A | RACHESKY MARK H MD | 10% owner | Other | BUY | $9.06 | 357,924 | $3,241,360 | 13,624,070 | +2.7% |
| 2011-09-28 02:10 | 2011-09-23 | CMLS | CUMULUS MEDIA INC | CRESTVIEW RADIO INVESTORS, LLC | Director, 10% owner | Radio Broadcasting Stations | BUY | $2.74 | 437,968 | $1,201,083 | 56,113,946 | +0.8% |
| 2011-09-28 04:28 | 2011-09-23 | ETRM | N/A | WHITEBOX ADVISORS LLC | 10% owner, Other | Other | BUY | $1.65 | 660,606 | $1,090,000 | 2,593,206 | +34.2% |
| 2011-09-28 00:53 | 2011-09-23 | EQY | N/A | KATZMAN CHAIM | Director, Officer, 10% owner - Chairman | Other | BUY | $15.47 | 193,600 | $2,994,915 | 53,406,736 | +0.4% |
| 2011-09-28 00:40 | 2011-09-27 | VHI | VALHI INC /DE/ | SIMMONS HAROLD C | Director, Officer, 10% owner - Chairman of the Board | Industrial Inorganic Chemicals | BUY | $52.12 | 108,600 | $5,659,852 | 1,991,531 | +5.8% |
| 2011-09-27 22:59 | 2011-09-23 | BFS | SAUL CENTERS, INC. | SAUL B FRANCIS II | Director, Officer, 10% owner - Chief Executive Officer | Real Estate Investment Trusts | BUY | $33.12 | 186,968 | $6,192,380 | 5,653,192 | +3.4% |
| 2011-09-27 01:10 | 2011-09-23 | ETRM | N/A | BAY CITY CAPITAL LLC | 10% owner | Other | BUY | $1.65 | 840,000 | $1,386,000 | 103,484 | +100.0% |
| 2011-09-27 02:52 | 2011-09-23 | ETRM | N/A | DOUGLAS KEVIN | 10% owner, Other | Other | BUY | $1.65 | 1,450,000 | $2,392,500 | 780,000 | +100.0% |
| 2011-09-26 23:42 | 2011-09-22 | VMW | N/A | EMC CORP | 10% owner | Other | BUY | $84.22 | 274,249 | $23,095,962 | 36,954,191 | +0.7% |
| 2011-09-27 03:01 | 2011-09-22 | NCT | N/A | EDENS WESLEY R | Director | Other | BUY | $4.55 | 790,000 | $3,594,500 | 1,480,765 | +114.4% |
| 2011-09-27 01:11 | 2011-09-23 | ETRM | N/A | GOLDFISCHER CARL | Director, 10% owner | Other | BUY | $1.65 | 840,000 | $1,386,000 | 103,484 | +100.0% |
| 2011-09-26 23:16 | 2011-09-22 | KRA | N/A | GMT CAPITAL CORP | 10% owner | Other | BUY | $15.79 | 130,900 | $2,067,526 | 4,174,755 | +3.2% |
| 2011-09-27 00:46 | 2011-09-22 | VPHM | N/A | Baker Biotech Capital (GP), LLC | 10% owner | Other | BUY | $17.84 | 72,849 | $1,299,699 | 1,843,530 | +4.1% |
| 2011-09-27 00:40 | 2011-09-22 | VPHM | N/A | Baker Brothers Life Sciences Capital (GP), LLC | 10% owner | Other | BUY | $17.83 | 447,561 | $7,981,221 | 8,459,320 | +5.6% |
| 2011-09-26 15:59 | 2011-01-10 | PROJ | N/A | BROWN BROTHERS HARRIMAN & CO | 10% owner | Other | BUY | $7.18 | 2,373,673 | $17,039,412 | 9,403,020 | +33.8% |
| 2011-09-27 00:49 | 2011-09-22 | XCO | N/A | WL ROSS & CO LLC | 10% owner | Other | BUY | $11.05 | 508,000 | $5,613,603 | 71,602 | +100.0% |
| 2011-09-26 23:48 | 2011-09-22 | EPM | EVOLUTION PETROLEUM CORP | LOVOI JOHN | 10% owner | Crude Petroleum & Natural Gas | BUY | $6.80 | 192,436 | $1,309,469 | 4,918,654 | +4.1% |
| 2011-09-23 23:04 | 2011-09-22 | AEO | AMERICAN EAGLE OUTFITTERS INC | JESSELSON MICHAEL G | Director | Retail-Family Clothing Stores | BUY | $10.95 | 120,000 | $1,314,204 | 263,250 | +83.8% |
| 2011-09-23 18:51 | 2011-09-22 | ASNA | N/A | JAFFE ELLIOT S | Director | Other | BUY | $24.85 | 100,000 | $2,485,000 | 100,000 | +100.0% |
| 2011-09-24 01:10 | 2011-09-21 | TSON | N/A | Carusi Michael A | Director | Other | BUY | $3.25 | 1,000,000 | $3,250,000 | 17,249 | +100.0% |
| 2011-09-24 00:33 | 2011-09-21 | TSON | N/A | Delphi Management Partners VIII, L.L.C. | 10% owner | Other | BUY | $3.25 | 1,538,461 | $4,999,998 | 23,538 | +100.0% |
| 2011-09-24 00:02 | 2011-09-21 | TSPT | N/A | InterWest Partners IX, LP | 10% owner | Other | BUY | $7.24 | 217,228 | $1,573,122 | 1,983,884 | +12.3% |
| 2011-09-24 00:02 | 2011-09-21 | TSPT | N/A | InterWest Management Partners IX, LLC | 10% owner | Other | BUY | $7.24 | 217,228 | $1,573,122 | 1,983,884 | +12.3% |
| 2011-09-23 23:36 | 2011-09-22 | ARUN | N/A | LEONE DOUGLAS M | Director | Other | BUY | $19.44 | 660,069 | $12,831,807 | 42,705 | +100.0% |
| 2011-09-24 01:15 | 2011-09-21 | TSON | N/A | ATV Associates VII, L.L.C. | 10% owner | Other | BUY | $3.25 | 1,000,000 | $3,250,000 | 17,249 | +100.0% |
| 2011-09-24 02:55 | 2011-09-21 | EQY | N/A | KATZMAN CHAIM | Director, Officer, 10% owner - Chairman | Other | BUY | $15.86 | 231,400 | $3,669,379 | 53,213,136 | +0.4% |
| 2011-09-23 23:04 | 2011-09-21 | AEO | AMERICAN EAGLE OUTFITTERS INC | SCHOTTENSTEIN JAY L | Director, Officer, 10% owner - Chairman of the Board | Retail-Family Clothing Stores | BUY | $11.18 | 1,000,000 | $11,182,400 | 5,285,258 | +23.3% |
| 2011-09-22 23:50 | 2011-09-21 | ZGNX | N/A | BOCK LOUIS C | Director | Other | BUY | $2.00 | 1,250,000 | $2,500,000 | 5,321,546 | +30.7% |
| 2011-09-22 23:47 | 2011-09-21 | ZGNX | N/A | Scale Venture Partners II, LP | Other | Other | BUY | $2.00 | 1,250,000 | $2,500,000 | 5,321,546 | +30.7% |
| 2011-09-23 00:15 | 2011-09-20 | TSPT | N/A | Ehrlich Christopher B | Director, 10% owner | Other | BUY | $6.78 | 732,076 | $4,963,402 | 1,983,884 | +58.5% |
| 2011-09-23 01:41 | 2011-09-20 | ARUN | N/A | LEONE DOUGLAS M | Director | Other | BUY | $20.25 | 351,931 | $7,126,356 | 14,850 | +100.0% |
| 2011-09-22 20:21 | 2011-09-22 | JEF | N/A | STEINBERG JOSEPH S | Director | Other | BUY | $12.58 | 2,000,000 | $25,160,000 | 56,506,024 | +3.7% |
| 2011-09-22 20:20 | 2011-09-22 | JEF | N/A | CUMMING IAN M. | Director | Other | BUY | $12.58 | 2,000,000 | $25,160,000 | 56,506,024 | +3.7% |
| 2011-09-22 19:49 | 2011-09-22 | JEF | N/A | LEUCADIA NATIONAL CORP | 10% owner | Other | BUY | $12.58 | 2,000,000 | $25,160,000 | 56,506,024 | +3.7% |
| 2011-09-23 01:30 | 2011-09-20 | CMLS | CUMULUS MEDIA INC | CRESTVIEW RADIO INVESTORS, LLC | Director, 10% owner | Radio Broadcasting Stations | BUY | $2.89 | 3,425,770 | $9,900,818 | 55,675,978 | +6.6% |
| 2011-09-23 01:08 | 2011-09-22 | VHI | VALHI INC /DE/ | SIMMONS HAROLD C | Director, Officer, 10% owner - Chairman of the Board | Industrial Inorganic Chemicals | BUY | $51.03 | 27,070 | $1,381,466 | 1,872,931 | +1.5% |
| 2011-09-21 23:33 | 2011-09-19 | VMW | N/A | EMC CORP | 10% owner | Other | BUY | $89.65 | 51,118 | $4,582,954 | 36,679,942 | +0.1% |
| 2011-09-21 19:13 | 2011-09-19 | LAYN | N/A | ROBICHAUD RENE J | Director, Officer - President | Other | BUY | $23.75 | 42,131 | $1,000,763 | 126,430 | +50.0% |
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.