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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-12-12 05:06 | 2023-12-08 | AKRO | Akero Therapeutics, Inc. | Graham G. Walmsley | Director | Pharmaceutical Preparations | BUY | $19.83 | 100,000 | $1,982,940 | 800,000 | +14.3% |
| 2023-12-12 00:10 | 2023-12-08 | F | FORD MOTOR CO | FIELD JOHN DOUGLAS | Officer - Chief EV, Digital & Design Off | Motor Vehicles & Passenger Car Bodies | BUY | $11.05 | 182,000 | $2,010,590 | 720,176 | +33.8% |
| 2023-12-11 23:23 | 2023-12-07 | KSM | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $8.48 | 240,480 | $2,039,270 | 1,524,548 | +18.7% |
| 2023-12-11 22:52 | 2023-12-07 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.89 | 325,266 | $5,167,111 | 21,486,183 | +1.5% |
| 2023-12-11 22:46 | 2023-12-07 | BMEZ | BlackRock Health Sciences Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.21 | 381,433 | $5,421,689 | 15,277,822 | +2.6% |
| 2023-12-11 22:44 | 2023-12-07 | BIGZ | BlackRock Technology & Private Equity Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $7.31 | 789,232 | $5,771,417 | 40,385,181 | +2.0% |
| 2023-12-11 22:41 | 2023-12-07 | BCAT | BlackRock Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.91 | 254,221 | $3,789,189 | 12,970,733 | +2.0% |
| 2023-12-12 00:05 | 2023-12-07 | MACK | N/A | Andersen Eric | Director, Other | Other | BUY | $12.85 | 101,050 | $1,298,472 | 484,458 | +26.4% |
| 2023-12-12 01:12 | 2023-12-07 | REFLX | N/A | IVASCYN DANIEL J | 10% owner, Other | Other | BUY | $10.21 | 303,624 | $3,100,000 | 798,889 | +61.3% |
| 2023-12-11 23:08 | 2023-12-07 | FMN | Federated Hermes Premier Municipal Income Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $10.62 | 221,340 | $2,349,679 | 1,438,952 | +18.2% |
| 2023-12-09 00:27 | 2023-11-24 | RANI | Rani Therapeutics Holdings, Inc. | South Cone Investments Limited Partnership | 10% owner | Pharmaceutical Preparations | BUY | $2.01 | 5,265,165 | $10,582,982 | 12,131,554 | +76.7% |
| 2023-12-09 00:19 | 2023-12-06 | OLMA | Olema Pharmaceuticals, Inc. | Paradigm Biocapital Advisors LP | 10% owner | Pharmaceutical Preparations | BUY | $11.60 | 100,000 | $1,160,000 | 6,590,981 | +1.5% |
| 2023-12-09 02:31 | 2023-12-06 | HTLD | HEARTLAND EXPRESS INC | Ann S. Gerdin Revocable Trust | 10% owner, Other | Trucking (No Local) | BUY | $13.72 | 182,268 | $2,501,136 | 495,612 | +58.2% |
| 2023-12-09 04:36 | 2023-12-06 | MINM | FiEE, Inc. | HITCHCOCK ELIZABETH CASH | 10% owner | Telephone & Telegraph Apparatus | BUY | $1.51 | 743,343 | $1,122,448 | 743,343 | +100.0% |
| 2023-12-09 04:35 | 2023-12-06 | MINM | FiEE, Inc. | HITCHCOCK JEREMY P. | Director, Officer, 10% owner - Executive Chairman | Telephone & Telegraph Apparatus | BUY | $1.51 | 743,343 | $1,122,448 | 743,343 | +100.0% |
| 2023-12-09 00:05 | 2023-12-07 | NXT | Nextpower Inc. | SHUGAR DANIEL S | Director, Officer - Chief Executive Officer | Search, Detection, Navigation, Guidance, Aeronautical Sys | BUY | $39.63 | 37,821 | $1,498,824 | 77,713 | +94.8% |
| 2023-12-07 22:24 | 2023-12-05 | EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $33.91 | 41,009 | $1,390,513 | 3,007,117 | +1.4% |
| 2023-12-07 22:21 | 2023-12-05 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.77 | 443,421 | $6,993,725 | 21,309,749 | +2.1% |
| 2023-12-07 22:14 | 2023-12-05 | CTR | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $34.96 | 36,897 | $1,289,919 | 1,124,306 | +3.4% |
| 2023-12-07 22:08 | 2023-12-05 | BMEZ | BlackRock Health Sciences Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.12 | 443,342 | $6,262,161 | 15,049,349 | +3.0% |
| 2023-12-07 17:57 | 2023-12-05 | N/A | N/A | Golub Lawrence E | Director, Officer - CHAIRMAN | Other | BUY | $15.00 | 133,389 | $2,000,840 | 969,174 | +16.0% |
| 2023-12-07 18:00 | 2023-12-05 | N/A | N/A | Golub David | Director, Officer - President, CEO | Other | BUY | $15.00 | 133,389 | $2,000,840 | 969,174 | +16.0% |
| 2023-12-07 22:50 | 2023-12-06 | BFZ | BlackRock California Municipal Income Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $11.39 | 109,141 | $1,243,116 | 5,094,028 | +2.2% |
| 2023-12-07 23:02 | 2023-12-06 | NXJ | NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND | Saba Capital Management, L.P. | 10% owner | Other | BUY | $11.59 | 105,773 | $1,225,909 | 5,367,629 | +2.0% |
| 2023-12-06 19:44 | 2023-12-05 | N/A | N/A | UAW Chrysler Retirees Medical Benefits Plan | 10% owner | Other | BUY | $9.79 | 2,528,343 | $24,752,478 | 18,302,357 | +16.0% |
| 2023-12-07 01:10 | 2023-12-05 | BIGZ | BlackRock Technology & Private Equity Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $7.31 | 836,783 | $6,120,315 | 39,953,908 | +2.1% |
| 2023-12-07 01:07 | 2023-12-05 | BCAT | BlackRock Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.87 | 237,988 | $3,538,882 | 12,908,691 | +1.9% |
| 2023-12-07 00:39 | 2023-12-04 | EYPT | EyePoint, Inc. | Cormorant Asset Management, LP | 10% owner | Laboratory Analytical Instruments | BUY | $21.82 | 1,919,057 | $41,874,208 | 5,450,000 | +54.3% |
| 2023-12-07 03:41 | 2023-12-05 | ERAS | Erasca, Inc. | Lim Jonathan E | Director, Officer, 10% owner - Chairman & CEO | Pharmaceutical Preparations | BUY | $1.70 | 1,000,000 | $1,696,200 | 12,899,360 | +8.4% |
| 2023-12-05 19:00 | 2023-12-01 | N-A | N/A | JOHN HANCOCK LIFE INSURANCE CO OF NEW YORK | 10% owner | Other | BUY | $19.99 | 300,150 | $5,999,999 | 600,150 | +100.1% |
| 2023-12-06 00:37 | 2023-12-01 | AFJK | Aimei Health Technology Co., Ltd. | Aimei Investment Ltd | 10% owner | Blank Checks | BUY | $10.00 | 332,000 | $3,320,000 | 1,905,000 | +21.1% |
| 2023-12-05 18:51 | 2023-12-01 | N-A | N/A | John Hancock Life & Health Insurance Co | 10% owner | Other | BUY | $19.99 | 300,150 | $5,999,999 | 600,150 | +100.1% |
| 2023-12-05 19:24 | 2023-12-01 | N-A | N/A | Manulife Reinsurance (Bermuda) LTD | 10% owner | Other | BUY | $19.99 | 750,375 | $14,999,996 | 1,500,375 | +100.1% |
| 2023-12-05 16:37 | 2023-11-30 | AKRO | Akero Therapeutics, Inc. | Graham G. Walmsley | Director | Pharmaceutical Preparations | BUY | $16.95 | 100,000 | $1,694,560 | 700,000 | +16.7% |
| 2023-12-06 00:30 | 2023-12-01 | VERV | N/A | Yeshwant Krishna | Director, 10% owner | Other | BUY | $10.00 | 1,800,000 | $18,000,000 | 1,800,000 | +100.0% |
| 2023-12-05 22:14 | 2023-12-01 | EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $34.82 | 32,194 | $1,121,146 | 2,966,108 | +1.1% |
| 2023-12-05 22:12 | 2023-12-01 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.75 | 175,705 | $2,767,758 | 20,866,328 | +0.8% |
| 2023-12-05 20:58 | 2023-12-01 | BMEZ | BlackRock Health Sciences Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.11 | 176,067 | $2,483,812 | 14,606,007 | +1.2% |
| 2023-12-05 20:56 | 2023-12-01 | BIGZ | BlackRock Technology & Private Equity Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $7.37 | 592,921 | $4,367,634 | 39,117,125 | +1.5% |
| 2023-12-05 21:00 | 2023-12-01 | CEM | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $38.71 | 30,818 | $1,193,036 | 2,166,516 | +1.4% |
| 2023-12-06 00:00 | 2023-12-01 | DRTTF | DIRTT ENVIRONMENTAL SOLUTIONS LTD | Noll Shaun | Director, 10% owner | Services-Prepackaged Software | BUY | $0.28 | 3,939,925 | $1,108,301 | 22,185,432 | +21.6% |
| 2023-12-05 19:11 | 2023-12-01 | N-A | N/A | JOHN HANCOCK LIFE INSURANCE CO USA | 10% owner | Other | BUY | $19.99 | 150,075 | $2,999,999 | 300,075 | +100.1% |
| 2023-12-06 00:04 | 2023-12-01 | SCVL | SHOE CARNIVAL INC | WEAVER DELORES B | 10% owner | Retail-Shoe Stores | BUY | $25.16 | 206,500 | $5,195,540 | 3,888,029 | +5.6% |
| 2023-12-06 00:04 | 2023-12-01 | SCVL | SHOE CARNIVAL INC | WEAVER WAYNE J | Director, Officer, 10% owner - CHAIRMAN OF THE BOARD | Retail-Shoe Stores | BUY | $25.16 | 206,500 | $5,195,540 | 3,888,029 | +5.6% |
| 2023-12-04 17:37 | 2023-12-01 | N-A | N/A | Texas County & District Retirement System | 10% owner | Other | BUY | $13.19 | 852,919 | $11,250,000 | 7,548,855 | +12.7% |
| 2023-12-05 01:38 | 2023-11-30 | CTRN | Citi Trends Inc | Fund 1 Investments, LLC | 10% owner | Retail-Apparel & Accessory Stores | BUY | $23.75 | 78,724 | $1,869,522 | 1,327,342 | +6.3% |
| 2023-12-05 03:37 | 2023-11-30 | PLSE | PULSE BIOSCIENCES, INC. | DUGGAN ROBERT W | Director, 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $9.06 | 152,944 | $1,385,673 | 212,944 | +254.9% |
| 2023-12-02 00:44 | 2023-11-29 | EP | EMPIRE PETROLEUM CORP | Energy Evolution Master Fund, Ltd. | 10% owner | Crude Petroleum & Natural Gas | BUY | $8.00 | 1,256,832 | $10,054,656 | 6,790,469 | +22.7% |
| 2023-12-01 19:40 | 2023-12-01 | XHFIX | N/A | Schroder US Holdings Inc. | 10% owner | Other | BUY | $10.09 | 396,275 | $4,000,000 | 996,275 | +66.0% |
| 2023-12-01 19:28 | 2023-12-01 | XHFIX | N/A | Hartford Funds Management Co LLC | 10% owner, Other | Other | BUY | $10.09 | 396,275 | $4,000,000 | 996,275 | +66.0% |
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.