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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-12-19 01:00 | 2023-12-14 | LQDA | Liquidia Corp | Manning Paul B | Director | Pharmaceutical Preparations | BUY | $7.16 | 279,330 | $2,000,003 | 279,330 | +100.0% |
| 2023-12-19 00:52 | 2023-12-14 | OCUL | OCULAR THERAPEUTIX, INC | SUMMER ROAD LLC | 10% owner | Pharmaceutical Preparations | BUY | $3.25 | 1,538,461 | $4,999,998 | 7,660,550 | +25.1% |
| 2023-12-19 01:02 | 2023-12-14 | LQDA | Liquidia Corp | JEFFS ROGER | Director, Officer - Chief Executive Officer | Pharmaceutical Preparations | BUY | $7.16 | 139,665 | $1,000,001 | 640,805 | +27.9% |
| 2023-12-19 00:54 | 2023-12-18 | ASA | ASA Gold and Precious Metals Limited | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.45 | 107,445 | $1,660,025 | 3,027,159 | +3.7% |
| 2023-12-16 01:23 | 2023-12-14 | N-A | N/A | Employees' Retirement System of the State of Hawaii | 10% owner | Other | BUY | $14.79 | 1,916,836 | $28,350,000 | 4,255,295 | +82.0% |
| 2023-12-16 00:40 | 2023-12-14 | N/A | N/A | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 10% owner | Other | BUY | $14.79 | 2,398,884 | $35,479,500 | 5,405,227 | +79.8% |
| 2023-12-16 00:39 | 2023-12-13 | SCND | SCIENTIFIC INDUSTRIES INC | Bleichroeder LP | 10% owner | Laboratory Analytical Instruments | BUY | $2.00 | 600,000 | $1,200,000 | 1,203,351 | +99.4% |
| 2023-12-16 02:54 | 2023-12-14 | WBD | Warner Bros. Discovery, Inc. | Newhouse Steven O | Director | Cable & Other Pay Television Services | BUY | $12.49 | 10,000,000 | $124,900,000 | 14,158,459 | +240.5% |
| 2023-12-15 18:56 | 2023-12-13 | N/A | N/A | Golub Lawrence E | Director, Officer, 10% owner - CHAIRMAN | Other | BUY | $15.00 | 200,021 | $3,000,315 | 3,373,545 | +6.3% |
| 2023-12-15 18:36 | 2023-12-13 | N/A | N/A | Golub Lawrence E | Director, Officer, 10% owner - CHAIRMAN | Other | BUY | $15.00 | 713,457 | $10,701,859 | 7,021,515 | +11.3% |
| 2023-12-15 18:57 | 2023-12-13 | N/A | N/A | Golub David | Director, Officer, 10% owner - President, CEO | Other | BUY | $15.00 | 200,021 | $3,000,315 | 3,373,545 | +6.3% |
| 2023-12-15 18:37 | 2023-12-13 | N/A | N/A | Golub David | Director, Officer, 10% owner - President and CEO | Other | BUY | $15.00 | 713,457 | $10,701,859 | 7,021,515 | +11.3% |
| 2023-12-16 00:53 | 2023-12-14 | PRKA | PARKS AMERICA, INC | Focused Compounding Capital Management, LLC | Other | Services-Miscellaneous Amusement & Recreation | BUY | $0.25 | 16,012,700 | $4,003,175 | 29,110,150 | +122.3% |
| 2023-12-16 02:52 | 2023-12-14 | WBD | Warner Bros. Discovery, Inc. | ADVANCE/NEWHOUSE PARTNERSHIP | Director | Cable & Other Pay Television Services | BUY | $12.49 | 10,000,000 | $124,900,000 | 14,158,459 | +240.5% |
| 2023-12-16 01:32 | 2023-12-13 | IGMS | N/A | BAKER BROS. ADVISORS LP | Director, 10% owner | Other | BUY | $6.44 | 532,693 | $3,431,448 | 3,390,323 | +18.6% |
| 2023-12-16 00:08 | 2023-12-15 | CMG | CHIPOTLE MEXICAN GRILL INC | ENGLES GREGG L | Director | Retail-Eating Places | BUY | $2,284.81 | 877 | $2,003,778 | 80 | +100.0% |
| 2023-12-15 00:42 | 2023-12-14 | LQDA | Liquidia Corp | Caligan Partners LP | Director, 10% owner, Other | Pharmaceutical Preparations | BUY | $7.16 | 1,117,318 | $7,999,997 | 11,280,945 | +11.0% |
| 2023-12-15 04:43 | 2023-12-12 | AGAE | Allied Gaming & Entertainment Inc. | Choi Roy | 10% owner | Services-Amusement & Recreation Services | BUY | $0.95 | 1,456,586 | $1,382,883 | 8,016,818 | +22.2% |
| 2023-12-15 01:33 | 2023-12-13 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $16.06 | 495,642 | $7,961,745 | 22,360,686 | +2.3% |
| 2023-12-15 01:26 | 2023-12-13 | BMEZ | BlackRock Health Sciences Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.54 | 322,242 | $4,684,077 | 16,129,864 | +2.0% |
| 2023-12-15 01:24 | 2023-12-13 | BIGZ | BlackRock Technology & Private Equity Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $7.54 | 870,411 | $6,566,903 | 42,230,885 | +2.1% |
| 2023-12-15 02:10 | 2023-12-13 | MDGL | MADRIGAL PHARMACEUTICALS, INC. | BAKER BROS. ADVISORS LP | Director | Pharmaceutical Preparations | BUY | $221.20 | 101,792 | $22,516,574 | 1,793,403 | +6.0% |
| 2023-12-15 02:09 | 2023-12-12 | MDGL | MADRIGAL PHARMACEUTICALS, INC. | BAKER BROS. ADVISORS LP | Director | Pharmaceutical Preparations | BUY | $218.31 | 34,578 | $7,548,616 | 1,699,129 | +2.1% |
| 2023-12-15 01:10 | 2023-12-12 | CBUS | Cibus, Inc. | RIGGS RORY B | Director, Officer, 10% owner - Chief Executive Officer | Agricultural Chemicals | BUY | $10.58 | 517,107 | $5,470,992 | 1,622,495 | +46.8% |
| 2023-12-13 20:31 | 2021-08-12 | CAUD | N/A | Tirman Jeffrey | 10% owner | Other | BUY | $10.00 | 294,598 | $2,945,980 | 1,728,078 | +20.6% |
| 2023-12-13 20:27 | 2021-08-12 | CAUD | N/A | Abri Ventures I, LLC | 10% owner | Other | BUY | $10.00 | 294,598 | $2,945,980 | 1,728,078 | +20.6% |
| 2023-12-13 19:18 | 2023-12-11 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.97 | 230,029 | $3,672,459 | 21,865,044 | +1.1% |
| 2023-12-13 19:12 | 2023-12-11 | BMEZ | BlackRock Health Sciences Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.23 | 376,840 | $5,360,549 | 15,807,622 | +2.4% |
| 2023-12-13 19:10 | 2023-12-11 | BIGZ | BlackRock Technology & Private Equity Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $7.37 | 617,334 | $4,549,752 | 41,360,474 | +1.5% |
| 2023-12-13 19:08 | 2023-12-11 | BCAT | BlackRock Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.99 | 269,684 | $4,042,563 | 13,432,596 | +2.0% |
| 2023-12-13 16:18 | 2023-12-11 | SOL | Emeren Group Ltd | SHAH CAPITAL MANAGEMENT | Director, 10% owner, Other | Electric & Other Services Combined | BUY | $2.36 | 596,118 | $1,406,600 | 18,639,226 | +3.3% |
| 2023-12-14 01:57 | 2023-12-11 | BH | Biglari Holdings Inc. | BIGLARI, SARDAR | Director, Officer, 10% owner - Chairman and CEO | Retail-Eating Places | BUY | $219.20 | 9,725 | $2,131,674 | 1,264,887 | +0.8% |
| 2023-12-14 00:33 | 2023-12-11 | WVE | Wave Life Sciences Ltd. | RA CAPITAL MANAGEMENT, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $5.00 | 1,000,000 | $5,000,000 | 19,202,009 | +5.5% |
| 2023-12-14 00:17 | 2023-12-05 | MNKTQ | N/A | GOLDENTREE ASSET MANAGEMENT LP | 10% owner | Other | BUY | $37.50 | 75,000 | $2,812,500 | 2,071,023 | +3.8% |
| 2023-12-13 23:25 | 2023-12-12 | OABI | OmniAb, Inc. | FOEHR MATTHEW W | Director, Officer - Chief Executive Officer | Services-Commercial Physical & Biological Research | BUY | $5.05 | 200,000 | $1,010,000 | 2,645,442 | +8.2% |
| 2023-12-13 19:56 | 2023-12-11 | MHI | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $8.26 | 164,474 | $1,358,128 | 3,165,540 | +5.5% |
| 2023-12-14 03:19 | 2023-12-11 | HTLD | HEARTLAND EXPRESS INC | GERDIN MICHAEL J | Director, Officer, 10% owner, Other - Chief Executive Officer | Trucking (No Local) | BUY | $13.92 | 82,509 | $1,148,146 | 57,709 | +100.0% |
| 2023-12-14 00:42 | 2023-12-11 | TEX | TEREX CORP | SACHS DAVID A | Director | Industrial Trucks, Tractors, Trailors & Stackers | BUY | $51.05 | 50,000 | $2,552,250 | 87,500 | +133.3% |
| 2023-12-14 05:44 | 2023-12-11 | LOVE | Lovesac Co | Satori Capital, LLC | Director, Other | Retail-Furniture Stores | BUY | $25.46 | 151,784 | $3,864,299 | 620,894 | +32.4% |
| 2023-12-13 20:09 | 2023-12-11 | NXJ | NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND | Saba Capital Management, L.P. | 10% owner | Other | BUY | $11.58 | 98,970 | $1,146,073 | 5,503,240 | +1.8% |
| 2023-12-14 04:04 | 2023-12-11 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | Crude Petroleum & Natural Gas | BUY | $56.16 | 10,482,162 | $588,674,025 | 238,533,189 | +4.6% |
| 2023-12-14 00:09 | 2023-12-12 | LSAK | LESAKA TECHNOLOGIES INC | Mazanderani Ali | Director | Functions Related To Depository Banking, NEC | BUY | $3.30 | 322,476 | $1,064,171 | 322,476 | +100.0% |
| 2023-12-13 00:02 | 2023-12-11 | FORFX | N/A | Gerstenhaber David | Director | Other | BUY | $9.35 | 1,185,841 | $11,087,609 | 126,828 | +100.0% |
| 2023-12-13 05:36 | 2023-12-08 | RMBL | RideNow Group, Inc. | Tkach Mark | 10% owner | Services-Computer Programming Services | BUY | $5.50 | 860,822 | $4,734,521 | 6,402,566 | +15.5% |
| 2023-12-13 05:30 | 2023-12-08 | RMBL | RideNow Group, Inc. | Coulter William | Director, 10% owner | Services-Computer Programming Services | BUY | $5.50 | 860,822 | $4,734,521 | 6,321,489 | +15.8% |
| 2023-12-13 00:05 | 2023-12-08 | RMBL | RideNow Group, Inc. | Stone House Capital Management, LLC | Other | Services-Computer Programming Services | BUY | $5.50 | 1,721,645 | $9,469,048 | 6,398,144 | +36.8% |
| 2023-12-13 00:52 | 2023-12-08 | EYPT | EyePoint, Inc. | Cormorant Asset Management, LP | 10% owner | Laboratory Analytical Instruments | BUY | $17.00 | 588,235 | $9,999,995 | 6,038,235 | +10.8% |
| 2023-12-13 00:30 | 2023-12-11 | N/A | N/A | PGIM Strategic Investments, Inc. | 10% owner | Other | BUY | $25.00 | 2,800,000 | $70,000,000 | 2,803,240 | +86,419.8% |
| 2023-12-13 03:28 | 2023-12-08 | PLSE | PULSE BIOSCIENCES, INC. | DUGGAN ROBERT W | Director, 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $9.54 | 116,656 | $1,112,898 | 36,876,062 | +0.3% |
| 2023-12-12 23:05 | 2023-12-11 | RHP | Ryman Hospitality Properties, Inc. | REED COLIN V | Director, Officer - Exec. Chairman of the Board | Real Estate Investment Trusts | BUY | $105.82 | 19,284 | $2,040,633 | 749,733 | +2.6% |
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.