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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-06-15 23:33 | 2023-06-14 | SAFT | SAFETY INSURANCE GROUP INC | SRB CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $73.79 | 14,338 | $1,057,958 | 1,809,900 | +0.8% |
| 2023-06-14 23:06 | 2023-06-12 | AZO | AUTOZONE INC | Borninkhof K. Michelle | Officer - Senior Vice President & CIO | Retail-Auto & Home Supply Stores | BUY | $2,406.65 | 476 | $1,145,566 | 259 | +100.0% |
| 2023-06-15 00:54 | 2023-06-12 | BVS | Bioventus Inc. | Bartholdson John A. | Director, 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $2.94 | 455,725 | $1,338,145 | 6,364,861 | +7.7% |
| 2023-06-15 01:23 | 2023-06-12 | DHC | DIVERSIFIED HEALTHCARE TRUST | PORTNOY ADAM D. | Director | Real Estate Investment Trusts | BUY | $2.99 | 6,003,515 | $17,937,902 | 23,250,019 | +34.8% |
| 2023-06-13 23:07 | 2023-06-09 | COGT | Cogent Biosciences, Inc. | Fairmount Funds Management LLC | 10% owner, Other | Pharmaceutical Preparations | BUY | $12.00 | 800,000 | $9,600,000 | 3,272,124 | +32.4% |
| 2023-06-13 18:12 | 2023-06-09 | CTR | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $30.22 | 52,969 | $1,600,760 | 840,683 | +6.7% |
| 2023-06-13 23:01 | 2023-06-12 | RPRX | Royalty Pharma plc | Legorreta Pablo G. | Director, Officer, 10% owner - CEO, Chairman of the Board | Pharmaceutical Preparations | BUY | $32.89 | 90,000 | $2,959,848 | 470,000 | +23.7% |
| 2023-06-13 15:36 | 2023-06-09 | GME | GameStop Corp. | Cohen Ryan | Director, Officer, 10% owner - Executive Chairman | Retail-Computer & Computer Software Stores | BUY | $22.53 | 443,842 | $10,000,382 | 36,847,842 | +1.2% |
| 2023-06-13 01:16 | 2023-06-12 | AKYA | N/A | Winkler Matthew | Director | Other | BUY | $5.00 | 203,388 | $1,016,940 | 984,513 | +26.0% |
| 2023-06-13 00:52 | 2023-06-08 | ACDC | ProFrac Holding Corp. | THRC Holdings, LP | 10% owner | Oil & Gas Field Services, NEC | BUY | $12.37 | 501,939 | $6,208,333 | 71,351,512 | +0.7% |
| 2023-06-12 23:05 | 2023-06-08 | AN | AutoNation Inc. | Manley Michael Mark | Director, Officer - CEO and Director | Retail-Auto Dealers & Gasoline Stations | BUY | $144.89 | 7,000 | $1,014,238 | 22,277 | +45.8% |
| 2023-06-13 01:15 | 2023-06-12 | AKYA | N/A | Raffin Thomas A. | Director | Other | BUY | $5.00 | 2,020,000 | $10,100,000 | 15,937,535 | +14.5% |
| 2023-06-13 00:32 | 2023-06-08 | ASAN | Asana Inc. | Moskovitz Dustin A. | Director, Officer, 10% owner - President, CEO, & Chair | Services-Prepackaged Software | BUY | $22.65 | 160,000 | $3,623,504 | 39,272,803 | +0.4% |
| 2023-06-12 21:41 | 2023-06-12 | SOL | Emeren Group Ltd | SHAH CAPITAL MANAGEMENT | Director, Officer, 10% owner, Other - CFO | Electric & Other Services Combined | BUY | $3.54 | 303,854 | $1,075,643 | 16,439,226 | +1.9% |
| 2023-06-12 23:03 | 2023-06-09 | DAWN | Day One Biopharmaceuticals, Inc. | AI Day1 LLC | 10% owner | Pharmaceutical Preparations | BUY | $13.00 | 769,230 | $9,999,990 | 11,453,868 | +7.2% |
| 2023-06-12 23:16 | 2023-06-08 | DG | DOLLAR GENERAL CORP | CALBERT MICHAEL M | Director | Retail-Variety Stores | BUY | $155.38 | 8,500 | $1,320,763 | 6,000 | +100.0% |
| 2023-06-09 15:00 | 2023-06-08 | TMC | TMC the metals Co Inc. | Karkar Andrei | Director, 10% owner | Metal Mining | BUY | $0.75 | 3,997,519 | $2,998,139 | 55,953,495 | +7.7% |
| 2023-06-09 20:26 | 2023-06-08 | CAPIX | N/A | CALAMOS JOHN P SR | Officer - Global CIO | Other | BUY | $10.00 | 1,250,000 | $12,500,000 | 1,250,000 | +100.0% |
| 2023-06-10 01:12 | 2023-06-07 | DHC | DIVERSIFIED HEALTHCARE TRUST | PORTNOY ADAM D. | Director | Real Estate Investment Trusts | BUY | $2.45 | 5,995,200 | $14,716,417 | 17,246,504 | +53.3% |
| 2023-06-08 23:24 | 2023-06-06 | STSA | N/A | Shin Nippon Biomedical Laboratories, Ltd. | 10% owner | Other | BUY | $0.91 | 30,477,313 | $27,734,355 | 8,423,732 | +100.0% |
| 2023-06-08 23:44 | 2023-06-06 | STSA | N/A | TAKANASHI KEN | Director, 10% owner | Other | BUY | $0.91 | 22,053,581 | $20,068,759 | 24,847,694 | +789.3% |
| 2023-06-08 23:40 | 2023-06-06 | CMU | MFS HIGH YIELD MUNICIPAL TRUST | Saba Capital Management, L.P. | 10% owner | Other | BUY | $3.15 | 371,552 | $1,170,909 | 3,294,787 | +12.7% |
| 2023-06-08 23:15 | 2023-06-08 | MODG | Callaway Golf Co | Ogunlesi Adebayo O. | Director | Sporting & Athletic Goods, NEC | BUY | $19.45 | 100,000 | $1,944,720 | 100,000 | +100.0% |
| 2023-06-09 00:51 | 2023-06-06 | ACIW | Aci Worldwide Inc. | Warsop Thomas W III | Director, Officer - Director, President and CEO | Services-Prepackaged Software | BUY | $23.63 | 43,000 | $1,016,176 | 178,307 | +31.8% |
| 2023-06-09 01:18 | 2023-06-06 | AMPS | N/A | GSO Altus Holdings LP | 10% owner | Other | BUY | $5.50 | 239,000 | $1,315,408 | 21,014,125 | +1.2% |
| 2023-06-07 22:26 | 2021-09-07 | LASAX | N/A | LORD, ABBETT & CO. LLC | Other | Other | BUY | $10.00 | 990,000 | $9,900,000 | 1,000,000 | +9,900.0% |
| 2023-06-07 13:15 | 2019-03-06 | FOMC | N/A | Grover Vikram P | Director, Officer, 10% owner - CEO, Director | Other | BUY | $0.00 | 233,882,148 | $1,052,470 | 2,215,482 | +100.0% |
| 2023-06-08 00:18 | 2023-06-05 | TLYS | TILLY'S, INC. | Fund 1 Investments, LLC | 10% owner | Retail-Apparel & Accessory Stores | BUY | $6.10 | 324,869 | $1,980,174 | 4,032,231 | +8.8% |
| 2023-06-07 19:24 | 2023-06-05 | CTR | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $29.29 | 39,591 | $1,159,660 | 783,213 | +5.3% |
| 2023-06-06 23:01 | 2023-06-05 | ZUMZ | Zumiez Inc | Brooks Richard Miles | Director, Officer, 10% owner - CEO | Retail-Apparel & Accessory Stores | BUY | $13.57 | 74,930 | $1,016,800 | 2,647,954 | +2.9% |
| 2023-06-06 19:10 | 2023-06-02 | SAFT | SAFETY INSURANCE GROUP INC | SRB CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $73.73 | 26,797 | $1,975,839 | 1,785,742 | +1.5% |
| 2023-06-07 01:00 | 2023-06-02 | DHC | DIVERSIFIED HEALTHCARE TRUST | PORTNOY ADAM D. | Director | Real Estate Investment Trusts | BUY | $1.77 | 5,546,644 | $9,809,795 | 11,251,304 | +97.2% |
| 2023-06-06 01:27 | 2023-06-01 | STEP | StepStone Group Inc. | McCabe Michael I | Director, Officer, Other - Head of Strategy | Investment Advice | BUY | $23.31 | 95,000 | $2,214,479 | 181,357 | +110.0% |
| 2023-06-05 17:11 | 2023-06-01 | CTR | N/A | Saba Capital Management, L.P. | 10% owner | Other | BUY | $28.31 | 39,723 | $1,124,518 | 743,622 | +5.6% |
| 2023-06-06 02:50 | 2023-06-01 | MTB | M&T BANK CORP | Bible Daryl N. | Officer - Sr. EVP & CFO | State Commercial Banks | BUY | $120.61 | 10,000 | $1,206,082 | 10,000 | +100.0% |
| 2023-06-05 23:46 | 2023-06-05 | LXRX | LEXICON PHARMACEUTICALS, INC. | Artal International S.C.A. | Director, 10% owner | Pharmaceutical Preparations | BUY | $2.60 | 27,775,050 | $72,215,130 | 78,634,381 | +54.6% |
| 2023-06-05 23:26 | 2023-06-01 | DISH | N/A | DEFRANCO JAMES | Director | Other | BUY | $6.00 | 300,000 | $1,800,000 | 304,642 | +6,462.7% |
| 2023-06-02 17:32 | 2019-03-06 | FOMC | N/A | Grover Vikram P | Director, Officer, 10% owner - CEO, Director | Other | BUY | $0.00 | 228,882,148 | $1,052,858 | 2,215,482 | +100.0% |
| 2023-06-03 00:01 | 2023-05-31 | L | LOEWS CORP | Tisch Benjamin J | Officer - Sr. VP, Corp Dev and Strategy | Fire, Marine & Casualty Insurance | BUY | $56.91 | 330,000 | $18,781,389 | 350,310 | +1,624.8% |
| 2023-06-02 19:18 | 2023-06-01 | CADEX | N/A | THRIVENT FINANCIAL FOR LUTHERANS | 10% owner | Other | BUY | $25.00 | 600,000 | $15,000,000 | 600,000 | +100.0% |
| 2023-06-03 00:00 | 2023-05-31 | TLYS | TILLY'S, INC. | Fund 1 Investments, LLC | 10% owner | Retail-Apparel & Accessory Stores | BUY | $6.94 | 208,710 | $1,448,280 | 3,707,362 | +6.0% |
| 2023-06-02 23:11 | 2023-05-31 | LYRA | Lyra Therapeutics, Inc. | ANDERSON EDWARD T | Director, 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $2.43 | 1,805,416 | $4,387,161 | 2,521,745 | +252.0% |
| 2023-06-02 21:36 | 2023-05-31 | SAFT | SAFETY INSURANCE GROUP INC | SRB CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $73.42 | 37,595 | $2,760,112 | 1,758,945 | +2.2% |
| 2023-06-02 23:11 | 2023-05-31 | LYRA | Lyra Therapeutics, Inc. | PERCEPTIVE ADVISORS LLC | Director, 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $2.49 | 3,610,832 | $8,999,999 | 11,469,117 | +45.9% |
| 2023-06-02 23:15 | 2023-05-31 | LYRA | Lyra Therapeutics, Inc. | NBVM GP, LLC | 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $2.43 | 1,805,416 | $4,387,161 | 2,521,745 | +252.0% |
| 2023-06-02 23:50 | 2023-05-31 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.37 | 52,510 | $3,905,310 | 16,489,284 | +0.3% |
| 2023-06-01 16:13 | 2019-03-06 | FOMC | N/A | Grover Vikram P | Director, Officer, 10% owner - CEO, Director | Other | BUY | $0.00 | 225,548,815 | $1,037,525 | 2,215,482 | +100.0% |
| 2023-06-01 15:24 | 2023-05-31 | MTCH | Match Group, Inc. | Kim Bernard Jin | Director, Officer - Chief Executive Officer | Services-Computer Programming, Data Processing, Etc. | BUY | $34.44 | 31,439 | $1,082,671 | 48,500 | +184.3% |
| 2023-06-01 19:29 | 2023-05-30 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.37 | 273,656 | $4,205,983 | 12,368,881 | +2.3% |
| 2023-06-02 01:33 | 2023-05-30 | GO | Grocery Outlet Holding Corp. | Ragatz Erik D. | Director | Retail-Grocery Stores | BUY | $28.50 | 70,000 | $1,994,650 | 329,785 | +26.9% |
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.