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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-08-04 03:13 | 2023-08-01 | INZY | N/A | Pivotal bioVenture Partners Fund I, L.P. | Director | Other | BUY | $4.80 | 833,333 | $3,999,998 | 1,571,741 | +112.9% |
| 2023-08-04 03:01 | 2023-08-01 | INZY | N/A | Hopfner Robert Lorne | Director | Other | BUY | $4.80 | 833,333 | $3,999,998 | 1,571,741 | +112.9% |
| 2023-08-03 13:30 | 2023-08-02 | ADC | Agree Realty Corporation | RAKOLTA JOHN JR | Director | Real Estate Investment Trusts | BUY | $63.02 | 30,000 | $1,890,600 | 330,056 | +10.0% |
| 2023-08-04 01:59 | 2023-08-01 | CROX | Crocs, Inc. | SMACH THOMAS J | Director | Rubber & Plastics Footwear | BUY | $105.85 | 10,000 | $1,058,500 | 10,000 | +100.0% |
| 2023-08-03 23:30 | 2023-08-01 | XOM | EXXON MOBIL CORP | UBBEN JEFFREY W | Director | Petroleum Refining | BUY | $106.44 | 192,000 | $20,437,075 | 1,827,000 | +11.7% |
| 2023-08-03 23:59 | 2023-08-01 | PTSI | PAMT CORP | MOROUN MATTHEW T | Director, 10% owner | Trucking (No Local) | BUY | $20.99 | 6,354,148 | $133,388,816 | 6,354,148 | +100.0% |
| 2023-08-04 00:06 | 2023-08-01 | ULH | UNIVERSAL LOGISTICS HOLDINGS, INC. | MOROUN MATTHEW T | Director, 10% owner | Trucking (No Local) | BUY | $24.62 | 14,303,973 | $352,096,587 | 3,200,000 | +100.0% |
| 2023-08-02 23:06 | 2023-08-02 | CNA | CNA FINANCIAL CORP | LOEWS CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $39.29 | 4,456,050 | $175,078,205 | 248,414,738 | +1.8% |
| 2023-08-02 23:43 | 2023-08-01 | CYTH | N/A | Rafael Holdings, Inc. | 10% owner | Other | BUY | $1.25 | 4,000,000 | $5,000,000 | 6,514,970 | +159.0% |
| 2023-08-03 04:51 | 2023-07-31 | ELIQ | N/A | LAWRIE JOHN M | Director, 10% owner | Other | BUY | $10.00 | 1,562,500 | $15,625,000 | 1,562,500 | +100.0% |
| 2023-08-03 04:41 | 2023-07-31 | XOM | EXXON MOBIL CORP | UBBEN JEFFREY W | Director | Petroleum Refining | BUY | $106.93 | 458,000 | $48,972,566 | 1,635,000 | +38.9% |
| 2023-08-03 00:31 | 2023-07-31 | TDW | TIDEWATER INC | ROBOTTI ROBERT | Director | Water Transportation | BUY | $62.28 | 117,698 | $7,330,231 | 3,185,971 | +3.8% |
| 2023-08-02 02:52 | 2023-07-28 | AKRO | Akero Therapeutics, Inc. | Graham G. Walmsley | Director | Pharmaceutical Preparations | BUY | $42.95 | 55,000 | $2,362,234 | 575,000 | +10.6% |
| 2023-08-01 14:01 | 2023-07-31 | YELL | N/A | MFN Partners, LP | 10% owner | Other | BUY | $1.29 | 9,295,852 | $11,991,649 | 22,067,795 | +72.8% |
| 2023-08-01 23:30 | 2023-07-31 | NA | N/A | DONDERO JAMES D | Director | Other | BUY | $25.00 | 200,000 | $5,000,000 | 200,000 | +100.0% |
| 2023-08-02 00:24 | 2023-07-25 | HYACU | Haymaker Acquisition Corp. 4 | Haymaker Sponsor IV LLC | 10% owner | Blank Checks | BUY | $10.00 | 797,600 | $7,976,000 | 797,600 | +100.0% |
| 2023-07-31 18:11 | 2023-07-27 | CEM | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $36.72 | 30,917 | $1,135,343 | 1,641,792 | +1.9% |
| 2023-07-28 15:55 | 2023-07-27 | N/A | N/A | Conti Matthew J | Director | Other | BUY | $25.31 | 47,395 | $1,199,573 | 47,395 | +100.0% |
| 2023-07-29 01:06 | 2023-07-27 | ALLE | Allegion plc | Stone John H | Director, Officer - President and CEO | Services-Detective, Guard & Armored Car Services | BUY | $116.62 | 17,500 | $2,040,892 | 94,248 | +22.8% |
| 2023-07-29 02:28 | 2023-07-26 | YELL | N/A | MFN Partners, LP | 10% owner | Other | BUY | $0.61 | 7,105,388 | $4,361,287 | 12,771,943 | +125.4% |
| 2023-07-28 23:30 | 2023-07-26 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $22.48 | 160,000 | $3,596,192 | 40,872,803 | +0.4% |
| 2023-07-27 23:21 | 2023-07-25 | TSBX | N/A | Jerel Davis | Director, 10% owner | Other | BUY | $12.00 | 225,000 | $2,700,000 | 82,006 | +100.0% |
| 2023-07-27 23:23 | 2023-07-25 | TSBX | N/A | Versant Ventures V, LLC | 10% owner | Other | BUY | $12.00 | 225,000 | $2,700,000 | 82,006 | +100.0% |
| 2023-07-28 00:00 | 2023-07-26 | RILY | BRC Group Holdings, Inc. | RILEY BRYANT R | Director, Officer, 10% owner - Chairman and Co-CEO | Investment Advice | BUY | $55.00 | 72,727 | $3,999,985 | 6,723,773 | +1.1% |
| 2023-07-27 19:36 | 2023-05-08 | MFON | MOBIVITY HOLDINGS CORP. | AKIN THOMAS B | Director, 10% owner | Services-Prepackaged Software | BUY | $1.21 | 1,485,648 | $1,793,771 | 20,222,790 | +7.9% |
| 2023-07-26 23:31 | 2023-07-24 | N/A | N/A | Pension Fund for State Employees | 10% owner | Other | BUY | $10.00 | 200,000 | $2,000,000 | 1,413,479 | +16.5% |
| 2023-07-26 23:30 | 2023-07-24 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $22.20 | 160,000 | $3,552,000 | 40,712,803 | +0.4% |
| 2023-07-26 19:04 | 2023-07-25 | RILY | BRC Group Holdings, Inc. | RILEY BRYANT R | Director, Officer, 10% owner - Chairman and Co-CEO | Investment Advice | BUY | $55.00 | 72,727 | $3,999,985 | 6,723,773 | +1.1% |
| 2023-07-26 23:30 | 2023-07-24 | N/A | N/A | New Mountain Guardian Investments IV, L.L.C. | 10% owner | Other | BUY | $10.00 | 500,000 | $5,000,000 | 3,500,000 | +16.7% |
| 2023-07-25 23:22 | 2023-07-21 | HRTX | HERON THERAPEUTICS, INC. /DE/ | Morgan Adam | Director | Pharmaceutical Preparations | BUY | $1.37 | 2,486,744 | $3,406,839 | 6,986,744 | +55.3% |
| 2023-07-25 22:23 | 2023-07-21 | NRGX | PIMCO Dynamic Income Strategy Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $16.34 | 88,990 | $1,454,346 | 5,638,978 | +1.6% |
| 2023-07-25 23:30 | 2023-07-21 | ABOS | Acumen Pharmaceuticals, Inc. | RA CAPITAL MANAGEMENT, L.P. | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $7.75 | 5,161,290 | $39,999,998 | 13,043,179 | +65.5% |
| 2023-07-25 23:28 | 2023-07-21 | TGAN | N/A | KKR Phorm Investors L.P. | 10% owner | Other | BUY | $3.30 | 1,735,988 | $5,728,760 | 24,411,968 | +7.7% |
| 2023-07-26 00:43 | 2023-07-23 | SYM | Symbotic Inc. | SVF II SPAC Investment 3 (DE) LLC | 10% owner | General Industrial Machinery & Equipment, NEC | BUY | $28.05 | 17,825,312 | $500,000,002 | 17,825,312 | +100.0% |
| 2023-07-24 23:40 | 2023-07-20 | TSBX | N/A | Gupta Rishi | Director, 10% owner | Other | BUY | $12.00 | 416,666 | $4,999,992 | 3,099,265 | +15.5% |
| 2023-07-25 01:47 | 2023-07-24 | VRCA | Verrica Pharmaceuticals Inc. | Manning Paul B | Director, 10% owner | Pharmaceutical Preparations | BUY | $5.02 | 200,000 | $1,004,000 | 7,851,128 | +2.6% |
| 2023-07-24 23:38 | 2023-07-20 | TSBX | N/A | ORBIMED ADVISORS LLC | Director, 10% owner | Other | BUY | $12.00 | 416,666 | $4,999,992 | 3,099,265 | +15.5% |
| 2023-07-22 00:24 | 2023-07-19 | HPK | HighPeak Energy, Inc. | DEJORIA JOHN PAUL | 10% owner | Drilling Oil & Gas Wells | BUY | $10.50 | 6,571,428 | $68,999,994 | 14,385,172 | +84.1% |
| 2023-07-21 23:24 | 2023-07-19 | HPK | HighPeak Energy, Inc. | Hollis Michael L. | Director, Officer - President | Drilling Oil & Gas Wells | BUY | $10.50 | 1,142,542 | $11,996,691 | 1,467,256 | +351.9% |
| 2023-07-21 16:31 | 2023-07-19 | NRGX | PIMCO Dynamic Income Strategy Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $16.14 | 132,269 | $2,134,266 | 5,549,988 | +2.4% |
| 2023-07-21 16:22 | 2023-07-19 | CEM | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $35.81 | 47,275 | $1,692,956 | 1,572,702 | +3.1% |
| 2023-07-22 00:02 | 2023-07-19 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $22.90 | 240,000 | $5,496,504 | 40,552,803 | +0.6% |
| 2023-07-21 23:31 | 2023-07-19 | JANX | Janux Therapeutics, Inc. | RA CAPITAL MANAGEMENT, L.P. | Director, 10% owner | Pharmaceutical Preparations | BUY | $12.46 | 495,008 | $6,167,800 | 8,117,246 | +6.5% |
| 2023-07-22 00:49 | 2023-07-20 | N/A | N/A | Golub Lawrence E | Director, Officer, 10% owner - CHAIRMAN | Other | BUY | $15.00 | 200,021 | $3,000,315 | 1,906,725 | +11.7% |
| 2023-07-22 00:58 | 2023-07-20 | N/A | N/A | Golub David | Director, Officer, 10% owner - President, CEO | Other | BUY | $15.00 | 200,021 | $3,000,315 | 1,906,725 | +11.7% |
| 2023-07-21 23:24 | 2023-07-19 | HPK | HighPeak Energy, Inc. | WOODARD RODNEY L | Officer - Chief Operating Officer | Drilling Oil & Gas Wells | BUY | $10.50 | 130,000 | $1,365,000 | 154,138 | +538.6% |
| 2023-07-21 21:27 | 2023-07-19 | SAFT | SAFETY INSURANCE GROUP INC | SRB CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $67.24 | 32,384 | $2,177,604 | 1,842,284 | +1.8% |
| 2023-07-21 23:23 | 2023-07-19 | HPK | HighPeak Energy, Inc. | HIGHTOWER JACK | Director, Officer, 10% owner - Chief Executive Officer | Drilling Oil & Gas Wells | BUY | $10.50 | 952,380 | $9,999,990 | 3,858,391 | +32.8% |
| 2023-07-19 21:54 | 2023-07-17 | THRX | N/A | Foresite Capital Management V, LLC | 10% owner | Other | BUY | $2.97 | 700,000 | $2,079,000 | 1,385,825 | +102.1% |
| 2023-07-19 19:33 | 2023-07-17 | NRGX | PIMCO Dynamic Income Strategy Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $16.09 | 99,718 | $1,604,333 | 5,417,719 | +1.9% |
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.