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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-06-28 20:58 | 2023-06-26 | N/A | N/A | FCCI Insurance Co | 10% owner | Other | BUY | $1,083.00 | 3,153 | $3,414,591 | 35,615 | +9.7% |
| 2023-06-29 00:44 | 2023-06-26 | N/A | N/A | Muzinich US Private Debt, SCSp | 10% owner | Other | BUY | $1,083.00 | 16,238 | $17,585,754 | 94,870 | +20.7% |
| 2023-06-29 00:17 | 2023-06-27 | ALVR | Kalaris Therapeutics, Inc. | GILEAD SCIENCES, INC. | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $3.75 | 2,930,870 | $10,990,763 | 16,635,286 | +21.4% |
| 2023-06-29 01:28 | 2023-06-26 | MLTX | MoonLake Immunotherapeutics | Chen Bihua | 10% owner | Pharmaceutical Preparations | BUY | $45.63 | 450,000 | $20,535,030 | 4,127,100 | +12.2% |
| 2023-06-28 18:10 | 2023-06-26 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.51 | 102,523 | $1,590,152 | 13,166,524 | +0.8% |
| 2023-06-28 23:01 | 2023-06-28 | RPRX | Royalty Pharma plc | Legorreta Pablo G. | Director, Officer, 10% owner - CEO, Chairman of the Board | Pharmaceutical Preparations | BUY | $29.51 | 130,000 | $3,836,768 | 600,000 | +27.7% |
| 2023-06-28 23:40 | 2022-09-28 | N/A | N/A | PRUDENTIAL FINANCIAL INC | 10% owner | Other | BUY | $24.99 | 1,897,159 | $47,408,302 | 1,998,159 | +1,878.4% |
| 2023-06-29 03:46 | 2023-06-26 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | Crude Petroleum & Natural Gas | BUY | $57.10 | 2,138,250 | $122,104,552 | 224,129,192 | +1.0% |
| 2023-06-27 23:54 | 2023-06-27 | MSGE | Madison Square Garden Entertainment Corp. | DOLAN THOMAS CHARLES | Director, Other | Services-Miscellaneous Amusement & Recreation | BUY | $31.00 | 322,580 | $9,999,980 | 369,708 | +684.5% |
| 2023-06-27 17:38 | 2023-06-23 | REKR | Rekor Systems, Inc. | Arctis Global LLC | 10% owner | Communications Equipment, NEC | BUY | $1.31 | 1,918,000 | $2,513,731 | 8,007,591 | +31.5% |
| 2023-06-27 23:10 | 2023-06-26 | AVTX | Avalo Therapeutics, Inc. | Caissa Capital Management ltd. | 10% owner | Pharmaceutical Preparations | BUY | $0.64 | 1,608,000 | $1,030,246 | 0 | +100.0% |
| 2023-06-28 02:07 | 2023-06-23 | RMBL | RideNow Group, Inc. | Stone House Capital Management, LLC | 10% owner | Services-Computer Programming Services | BUY | $10.90 | 200,000 | $2,180,760 | 2,250,000 | +9.8% |
| 2023-06-27 23:11 | 2023-06-23 | DMAC | DiaMedica Therapeutics Inc. | Von Koch Thomas | 10% owner | Pharmaceutical Preparations | BUY | $3.40 | 1,470,588 | $4,999,999 | 4,326,435 | +51.5% |
| 2023-06-28 00:05 | 2023-06-23 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.92 | 18,446 | $1,381,965 | 16,570,228 | +0.1% |
| 2023-06-26 15:45 | 2023-06-23 | NVCT | Nuvectis Pharma, Inc. | Mosseri Marlio Charles | 10% owner | Pharmaceutical Preparations | BUY | $17.43 | 73,175 | $1,275,440 | 2,511,265 | +3.0% |
| 2023-06-27 00:09 | 2023-06-22 | LCID | Lucid Group, Inc. | PUBLIC INVESTMENT FUND | Director, 10% owner | Motor Vehicles & Passenger Car Bodies | BUY | $6.83 | 265,693,703 | $1,814,687,991 | 1,366,658,905 | +24.1% |
| 2023-06-26 16:29 | 2023-06-22 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.69 | 231,695 | $3,634,970 | 13,064,001 | +1.8% |
| 2023-06-27 00:13 | 2023-06-22 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $22.53 | 160,000 | $3,604,000 | 39,752,803 | +0.4% |
| 2023-06-26 22:03 | 2023-06-23 | AXON | AXON ENTERPRISE, INC. | Partovi Hadi | Director | Ordnance & Accessories, (No Vehicles/Guided Missiles) | BUY | $191.10 | 25,000 | $4,777,388 | 413,817 | +6.4% |
| 2023-06-23 19:25 | 2023-06-22 | CAPIX | N/A | Dufresne Daniel | Officer - President | Other | BUY | $10.02 | 99,800 | $1,000,000 | 99,800 | +100.0% |
| 2023-06-23 23:24 | 2023-06-21 | N/A | N/A | UAW Chrysler Retirees Medical Benefits Plan | 10% owner | Other | BUY | $974.12 | 30,489 | $29,699,769 | 249,193 | +13.9% |
| 2023-06-24 04:37 | 2023-06-21 | AZTR | Azitra, Inc. | Fletcher Aaron G.L. | 10% owner | Pharmaceutical Preparations | BUY | $1.31 | 2,297,490 | $3,000,062 | 282,239 | +100.0% |
| 2023-06-24 04:38 | 2023-06-21 | AZTR | Azitra, Inc. | Kreis Leslie W. | 10% owner | Pharmaceutical Preparations | BUY | $1.31 | 2,297,490 | $3,000,062 | 282,239 | +100.0% |
| 2023-06-23 19:10 | 2023-06-22 | CAPIX | N/A | Koudounis John S. | Director, Officer - Vice President | Other | BUY | $10.02 | 99,800 | $1,000,000 | 99,800 | +100.0% |
| 2023-06-23 18:43 | 2023-06-22 | CAPIX | N/A | Vos James H | Director, Officer - Vice President | Other | BUY | $10.02 | 199,601 | $2,000,000 | 199,601 | +100.0% |
| 2023-06-24 02:56 | 2023-06-21 | UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Coliseum Capital Management, LLC | Director, 10% owner | Services-Educational Services | BUY | $6.67 | 307,650 | $2,052,149 | 928,961 | +49.5% |
| 2023-06-22 23:10 | 2023-06-20 | VERA | Vera Therapeutics, Inc. | COMMODORE CAPITAL LP | 10% owner | Pharmaceutical Preparations | BUY | $15.17 | 448,217 | $6,799,004 | 5,450,000 | +9.0% |
| 2023-06-22 17:29 | 2023-06-20 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.77 | 249,162 | $3,928,438 | 12,832,306 | +2.0% |
| 2023-06-22 23:45 | 2023-06-20 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $23.16 | 240,000 | $5,559,192 | 39,592,803 | +0.6% |
| 2023-06-23 01:01 | 2023-06-20 | EGLE | N/A | Danaos Corp | 10% owner | Other | BUY | $47.28 | 181,422 | $8,578,031 | 1,552,865 | +13.2% |
| 2023-06-23 00:34 | 2023-06-20 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.80 | 62,498 | $4,674,894 | 16,551,782 | +0.4% |
| 2023-06-21 23:50 | 2023-06-16 | FREE | N/A | Sababa Holdings Free LLC | 10% owner | Other | BUY | $3.00 | 488,923 | $1,466,671 | 8,855,223 | +5.8% |
| 2023-06-22 01:53 | 2023-06-16 | RMBL | RideNow Group, Inc. | Stone House Capital Management, LLC | 10% owner | Services-Computer Programming Services | BUY | $10.45 | 250,000 | $2,611,750 | 2,050,000 | +13.9% |
| 2023-06-21 23:04 | 2023-06-16 | ZYME | Zymeworks Inc. | EcoR1 Capital, LLC | 10% owner | Pharmaceutical Preparations | BUY | $8.12 | 3,350,000 | $27,202,000 | 13,437,473 | +33.2% |
| 2023-06-20 18:02 | 2023-06-16 | CLNN | Clene Inc. | Mosca Alison | Director | Pharmaceutical Preparations | BUY | $0.80 | 2,394,375 | $1,915,500 | 3,238,375 | +283.7% |
| 2023-06-21 00:13 | 2023-06-15 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $24.88 | 80,000 | $1,990,472 | 39,352,803 | +0.2% |
| 2023-06-20 23:30 | 2023-06-20 | ZNTL | Zentalis Pharmaceuticals, Inc. | Matrix Capital Management Company, LP | 10% owner | Pharmaceutical Preparations | BUY | $22.66 | 4,760,000 | $107,861,600 | 13,959,973 | +51.7% |
| 2023-06-20 14:57 | 2023-06-16 | CLNN | Clene Inc. | MATLIN DAVID J | Director | Pharmaceutical Preparations | BUY | $0.80 | 1,500,000 | $1,200,000 | 6,793,684 | +28.3% |
| 2023-06-20 20:50 | 2023-06-16 | FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | HOLDING FRANK B JR | Director, Officer, 10% owner - Chairman and CEO | State Commercial Banks | BUY | $1,233.13 | 3,700 | $4,562,575 | 97,332 | +4.0% |
| 2023-06-16 16:03 | 2023-06-14 | DGICA | DONEGAL GROUP INC | DONEGAL MUTUAL INSURANCE CO | 10% owner | Fire, Marine & Casualty Insurance | BUY | $15.57 | 146,427 | $2,279,839 | 11,892,649 | +1.2% |
| 2023-06-16 20:53 | 2023-06-14 | DGICA | DONEGAL GROUP INC | DONEGAL MUTUAL INSURANCE CO | 10% owner | Fire, Marine & Casualty Insurance | BUY | $15.57 | 146,427 | $2,279,839 | 11,896,528 | +1.2% |
| 2023-06-16 23:16 | 2023-06-14 | TAKAX | N/A | AMERICAN INTERNATIONAL GROUP, INC. | 10% owner | Other | BUY | $25.00 | 800,000 | $20,000,000 | 400,000 | +100.0% |
| 2023-06-16 04:26 | 2022-09-19 | AKRO | Akero Therapeutics, Inc. | Graham G. Walmsley | Director | Pharmaceutical Preparations | BUY | $29.69 | 520,000 | $15,439,996 | 520,000 | +100.0% |
| 2023-06-15 23:14 | 2023-06-14 | NEE | NEXTERA ENERGY INC | KETCHUM JOHN W | Director, Officer, Other - Chairman, President & CEO | Electric Services | BUY | $74.26 | 13,600 | $1,009,988 | 184,485 | +8.0% |
| 2023-06-16 00:50 | 2023-06-13 | ACDC | ProFrac Holding Corp. | THRC Holdings, LP | 10% owner | Oil & Gas Field Services, NEC | BUY | $13.40 | 285,059 | $3,820,788 | 71,636,571 | +0.4% |
| 2023-06-15 22:04 | 2023-06-13 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.86 | 95,682 | $1,517,105 | 12,566,649 | +0.8% |
| 2023-06-15 22:16 | 2023-06-05 | APPF | Appfolio Inc. | Wolf Alexander | Director | Services-Prepackaged Software | BUY | $155.18 | 26,000 | $4,034,576 | 2,000 | +100.0% |
| 2023-06-15 22:11 | 2023-05-05 | APPF | Appfolio Inc. | Wolf Alexander | Director | Services-Prepackaged Software | BUY | $136.74 | 12,860 | $1,758,451 | 14,000 | +1,128.1% |
| 2023-06-15 19:56 | 2023-06-14 | N/A | N/A | Golub Lawrence E | Director, Officer, 10% owner - CHAIRMAN | Other | BUY | $15.00 | 204,021 | $3,060,315 | 4,838,780 | +4.4% |
| 2023-06-15 19:57 | 2023-06-14 | N/A | N/A | Golub David | Director, Officer, 10% owner - President and CEO | Other | BUY | $15.00 | 204,021 | $3,060,315 | 4,838,780 | +4.4% |
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.