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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-06-02 01:46 | 2023-05-30 | RAIN | N/A | TANG KEVIN C | 10% owner | Other | BUY | $1.06 | 1,088,273 | $1,158,793 | 3,740,341 | +41.0% |
| 2023-06-02 01:51 | 2023-05-30 | DHC | DIVERSIFIED HEALTHCARE TRUST | PORTNOY ADAM D. | Director | Real Estate Investment Trusts | BUY | $1.38 | 3,154,641 | $4,343,310 | 5,704,660 | +123.7% |
| 2023-06-01 01:46 | 2023-05-30 | STEP | StepStone Group Inc. | McCabe Michael I | Director, Officer, Other - Head of Strategy | Investment Advice | BUY | $21.47 | 80,000 | $1,717,800 | 86,357 | +1,258.5% |
| 2023-05-31 23:00 | 2023-05-26 | AUID | authID Inc. | Garchik Stephen Jeffrey | 10% owner | Services-Prepackaged Software | BUY | $0.46 | 4,212,336 | $1,929,250 | 1,181,009 | +100.0% |
| 2023-05-31 23:21 | 2023-05-30 | N/A | N/A | Didden James M Jr | Director, Officer - President | Other | BUY | $19.88 | 62,877 | $1,249,995 | 62,877 | +100.0% |
| 2023-06-01 00:04 | 2023-05-30 | ALGN | Align Technology, Inc. | Dallas Kevin J | Director | Orthopedic, Prosthetic & Surgical Appliances & Supplies | BUY | $285.26 | 7,000 | $1,996,800 | 12,246 | +133.4% |
| 2023-05-31 13:38 | 2023-05-17 | HYBT | Hongchang International Co., Ltd | TAN HUNG SENG | Director | Electromedical & Electrotherapeutic Apparatus | BUY | $20,000.00 | 20,000,000 | $400,000,000,000 | 70,000,000 | +40.0% |
| 2023-06-01 00:00 | 2023-05-30 | CNX | CNX Resources Corp | LANIGAN BERNARD JR | Director | Crude Petroleum & Natural Gas | BUY | $15.24 | 137,835 | $2,100,026 | 137,835 | +100.0% |
| 2023-05-30 20:35 | 2023-05-26 | ABCP | Ambase Corp. | BIANCO RICHARD A | Director, Officer - CEO | Opeators of Nonresidential Buildings | BUY | $74,500.00 | 745,000 | $55,502,500,000 | 1,622,547 | +84.9% |
| 2023-05-31 00:25 | 2023-05-26 | IHT | INNSUITES HOSPITALITY TRUST | Chase JR | Other | Real Estate Investment Trusts | BUY | $3,060.00 | 2,000 | $6,120,000 | 62,791 | +3.3% |
| 2023-05-30 22:26 | 2023-05-22 | MFM | MFS MUNICIPAL INCOME TRUST | Roepke Maryanne L | Director | Other | BUY | $9,379.75 | 1,862 | $17,465,095 | 0 | +100.0% |
| 2023-05-30 21:40 | 2023-05-25 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.26 | 72,329 | $1,103,393 | 12,095,225 | +0.6% |
| 2023-05-31 03:41 | 2023-05-25 | MASI | MASIMO CORP | KIANI JOE E | Director, Officer - CEO and Chairman of the Board | Electromedical & Electrotherapeutic Apparatus | BUY | $157.16 | 6,365 | $1,000,342 | 366,055 | +1.8% |
| 2023-05-31 03:59 | 2023-05-26 | RM | Regional Management Corp. | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | Director, 10% owner, Other | Personal Credit Institutions | BUY | $25.36 | 46,397 | $1,176,735 | 81,200 | +133.3% |
| 2023-05-31 02:01 | 2023-05-25 | INVA | Innoviva, Inc. | DENNER ALEXANDER J | 10% owner | Pharmaceutical Preparations | BUY | $13.04 | 200,000 | $2,608,700 | 7,200,000 | +2.9% |
| 2023-05-31 02:11 | 2023-05-25 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | Crude Petroleum & Natural Gas | BUY | $58.57 | 4,660,809 | $272,996,167 | 221,990,942 | +2.1% |
| 2023-05-31 00:45 | 2023-05-25 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.28 | 92,320 | $6,857,290 | 16,436,774 | +0.6% |
| 2023-05-31 00:25 | 2023-05-26 | IHT | INNSUITES HOSPITALITY TRUST | WIRTH JAMES F | Officer, 10% owner, Other - President & CEO | Real Estate Investment Trusts | BUY | $3,660.00 | 2,000 | $7,320,000 | 5,933,161 | +0.0% |
| 2023-05-26 21:32 | 2023-05-24 | ACDC | ProFrac Holding Corp. | THRC Holdings, LP | 10% owner | Oil & Gas Field Services, NEC | BUY | $12.01 | 734,140 | $8,819,077 | 70,787,730 | +1.0% |
| 2023-05-27 00:41 | 2023-05-26 | SIRE | N/A | Sisecam Chemicals USA Inc. | 10% owner, Other | Other | BUY | $25.00 | 5,257,749 | $131,443,725 | 19,808,749 | +36.1% |
| 2023-05-27 00:20 | 2023-05-25 | SWX | Southwest Gas Holdings, Inc. | ICAHN CARL C | 10% owner | Natural Gas Transmisison & Distribution | BUY | $57.41 | 224,812 | $12,907,424 | 10,835,029 | +2.1% |
| 2023-05-27 00:05 | 2023-05-26 | RNR | RENAISSANCERE HOLDINGS LTD | ODonnell Kevin | Director, Officer - Pres & Chief Executive Officer | Fire, Marine & Casualty Insurance | BUY | $192.00 | 13,020 | $2,499,840 | 296,025 | +4.6% |
| 2023-05-26 18:16 | 2023-05-24 | SAFT | SAFETY INSURANCE GROUP INC | SRB CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $72.28 | 30,196 | $2,182,582 | 1,713,867 | +1.8% |
| 2023-05-25 18:09 | 2023-05-23 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.26 | 412,697 | $6,299,655 | 12,022,896 | +3.6% |
| 2023-05-25 23:00 | 2023-05-24 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - Executive Chairman | Natural Gas Transmission | BUY | $12.76 | 350,000 | $4,466,000 | 61,578,477 | +0.6% |
| 2023-05-25 22:16 | 2023-05-25 | AXON | AXON ENTERPRISE, INC. | Partovi Hadi | Director | Ordnance & Accessories, (No Vehicles/Guided Missiles) | BUY | $190.75 | 10,000 | $1,907,471 | 388,817 | +2.6% |
| 2023-05-24 23:14 | 2023-05-22 | EVGO | EVgo Inc. | Nanus David | Director | Services-Automotive Repair, Services & Parking | BUY | $4.25 | 5,882,352 | $24,999,996 | 5,882,352 | +100.0% |
| 2023-05-25 02:04 | 2023-05-22 | ACDC | ProFrac Holding Corp. | THRC Holdings, LP | 10% owner | Oil & Gas Field Services, NEC | BUY | $12.29 | 446,467 | $5,489,089 | 70,053,590 | +0.6% |
| 2023-05-25 00:07 | 2023-05-22 | PRLD | Prelude Therapeutics Inc | Bonita David P | Director, 10% owner | Pharmaceutical Preparations | BUY | $5.75 | 869,565 | $4,999,999 | 10,119,756 | +9.4% |
| 2023-05-25 01:45 | 2023-05-24 | RPRX | Royalty Pharma plc | Legorreta Pablo G. | Director, Officer, 10% owner - CEO, Chairman of the Board | Pharmaceutical Preparations | BUY | $32.25 | 150,000 | $4,837,440 | 380,000 | +65.2% |
| 2023-05-25 01:14 | 2023-05-22 | SWX | Southwest Gas Holdings, Inc. | ICAHN CARL C | 10% owner | Natural Gas Transmisison & Distribution | BUY | $57.93 | 89,617 | $5,191,083 | 10,610,217 | +0.9% |
| 2023-05-24 23:00 | 2023-05-23 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - Executive Chairman | Natural Gas Transmission | BUY | $12.78 | 400,000 | $5,112,000 | 61,228,477 | +0.7% |
| 2023-05-24 23:42 | 2023-05-22 | EYE | National Vision Holdings, Inc. | PEELER D RANDOLPH | Director | Ophthalmic Goods | BUY | $25.65 | 40,470 | $1,038,092 | 148,880 | +37.3% |
| 2023-05-24 23:11 | 2023-05-23 | PODD | INSULET CORP | MINOGUE MICHAEL R | Director | Surgical & Medical Instruments & Apparatus | BUY | $304.75 | 3,300 | $1,005,675 | 12,221 | +37.0% |
| 2023-05-25 00:09 | 2023-05-22 | ACAD | Acadia Pharmaceuticals Inc. | BAKER BROS. ADVISORS LP | Director, 10% owner | Pharmaceutical Preparations | BUY | $25.33 | 896,522 | $22,707,109 | 39,317,673 | +2.3% |
| 2023-05-25 00:28 | 2023-05-22 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.12 | 98,663 | $7,312,763 | 16,344,454 | +0.6% |
| 2023-05-25 00:09 | 2023-05-22 | PRLD | Prelude Therapeutics Inc | ORBIMED ADVISORS LLC | Director, 10% owner | Pharmaceutical Preparations | BUY | $5.75 | 869,565 | $4,999,999 | 10,119,756 | +9.4% |
| 2023-05-24 04:55 | 2023-05-19 | AKRO | Akero Therapeutics, Inc. | Graham G. Walmsley | Director | Pharmaceutical Preparations | BUY | $29.69 | 520,000 | $15,439,996 | 520,000 | +100.0% |
| 2023-05-24 00:46 | 2023-05-19 | BLFS | BIOLIFE SOLUTIONS INC | Casdin Partners Master Fund, L.P. | 10% owner | Electromedical & Electrotherapeutic Apparatus | BUY | $22.32 | 74,973 | $1,673,217 | 150,000 | +99.9% |
| 2023-05-23 20:00 | 2023-05-19 | EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $28.92 | 35,807 | $1,035,538 | 2,192,934 | +1.7% |
| 2023-05-24 04:16 | 2023-05-19 | BVS | Bioventus Inc. | Bartholdson John A. | Director | Surgical & Medical Instruments & Apparatus | BUY | $1.96 | 1,315,673 | $2,573,193 | 5,909,136 | +28.6% |
| 2023-05-24 00:05 | 2023-05-19 | LAZY | N/A | Coliseum Capital Management, LLC | Director, 10% owner | Other | BUY | $11.20 | 731,627 | $8,194,222 | 6,190,050 | +13.4% |
| 2023-05-24 03:02 | 2023-05-19 | ACR | Acres Commercial Realty Corp. | Eagle Point Credit Management LLC | 10% owner | Real Estate Investment Trusts | BUY | $18.77 | 131,313 | $2,464,167 | 1,008,421 | +15.0% |
| 2023-05-23 23:00 | 2023-05-22 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - Executive Chairman | Natural Gas Transmission | BUY | $12.79 | 750,000 | $9,592,500 | 60,828,477 | +1.2% |
| 2023-05-22 23:30 | 2023-05-19 | ORCC | Blue Owl Capital Corp | Packer Craig | Director, Officer - President and CEO | Other | BUY | $13.23 | 75,600 | $1,000,188 | 300,716 | +33.6% |
| 2023-05-22 23:57 | 2023-05-18 | ACDC | ProFrac Holding Corp. | THRC Holdings, LP | 10% owner | Oil & Gas Field Services, NEC | BUY | $11.43 | 539,498 | $6,165,653 | 69,607,123 | +0.8% |
| 2023-05-22 23:36 | 2023-05-19 | GM | General Motors Co | Jacobson Paul A | Officer - Executive Vice President & CFO | Motor Vehicles & Passenger Car Bodies | BUY | $32.60 | 31,000 | $1,010,600 | 186,847 | +19.9% |
| 2023-05-23 03:07 | 2023-05-18 | AVD | AMERICAN VANGUARD CORP | ROSENBLOOM KEITH M | Director | Agricultural Chemicals | BUY | $17.69 | 63,249 | $1,118,736 | 1,094,665 | +6.1% |
| 2023-05-20 04:03 | 2023-05-17 | GEN | Gen Digital Inc. | Vlcek Ondrej | Officer - President | Services-Prepackaged Software | BUY | $15.79 | 300,000 | $4,737,000 | 4,160,061 | +7.8% |
| 2023-05-19 22:08 | 2023-05-17 | NRGX | PIMCO Dynamic Income Strategy Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.63 | 69,875 | $1,022,544 | 4,690,498 | +1.5% |
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.