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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-05-19 22:01 | 2023-05-17 | EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | Saba Capital Management, L.P. | 10% owner | Other | BUY | $28.25 | 57,158 | $1,614,988 | 2,157,127 | +2.7% |
| 2023-05-19 21:56 | 2023-05-17 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.42 | 115,480 | $1,780,378 | 11,575,344 | +1.0% |
| 2023-05-20 00:17 | 2023-05-17 | ALIM | N/A | Morgan Adam | Director, 10% owner | Other | BUY | $1.70 | 1,401,901 | $2,383,232 | 1,659,654 | +543.9% |
| 2023-05-20 04:02 | 2023-05-17 | LAB | STANDARD BIOTOOLS INC. | Casdin Eli | Director, 10% owner | Laboratory Analytical Instruments | BUY | $2.19 | 1,200,000 | $2,631,360 | 1,200,000 | +100.0% |
| 2023-05-20 04:00 | 2023-05-17 | LAB | STANDARD BIOTOOLS INC. | Casdin Partners Master Fund, L.P. | Director, 10% owner | Laboratory Analytical Instruments | BUY | $2.19 | 1,200,000 | $2,631,360 | 1,200,000 | +100.0% |
| 2023-05-20 04:30 | 2023-05-17 | BFH | BREAD FINANCIAL HOLDINGS, INC. | Turtle Creek Asset Management Inc. | 10% owner | Personal Credit Institutions | BUY | $29.70 | 112,944 | $3,353,883 | 461,243 | +32.4% |
| 2023-05-20 04:12 | 2023-05-17 | INVA | Innoviva, Inc. | DENNER ALEXANDER J | 10% owner | Pharmaceutical Preparations | BUY | $13.22 | 96,000 | $1,269,379 | 7,000,000 | +1.4% |
| 2023-05-20 00:27 | 2023-05-17 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.46 | 61,370 | $4,569,868 | 16,245,791 | +0.4% |
| 2023-05-18 21:09 | 2023-05-16 | LAZR | Luminar Technologies, Inc./DE | Russell Austin | Director, Officer, 10% owner - Chairperson, President & CEO | Motor Vehicle Parts & Accessories | BUY | $6.12 | 791,113 | $4,841,849 | 4,596,798 | +20.8% |
| 2023-05-19 03:31 | 2023-05-16 | BLFS | BIOLIFE SOLUTIONS INC | Casdin Partners Master Fund, L.P. | 10% owner | Electromedical & Electrotherapeutic Apparatus | BUY | $21.26 | 75,027 | $1,594,976 | 75,027 | +100.0% |
| 2023-05-19 01:27 | 2023-05-16 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | Crude Petroleum & Natural Gas | BUY | $58.26 | 3,457,222 | $201,421,211 | 217,330,133 | +1.6% |
| 2023-05-19 00:54 | 2023-05-18 | RBA | RB GLOBAL INC. | Fandozzi Ann | Director, Officer - CEO | Services-Business Services, NEC | BUY | $54.06 | 18,522 | $1,001,299 | 116,607 | +18.9% |
| 2023-05-18 03:22 | 2023-05-15 | LAZR | Luminar Technologies, Inc./DE | Russell Austin | Director, Officer, 10% owner - Chairperson, President & CEO | Motor Vehicle Parts & Accessories | BUY | $6.03 | 1,475,685 | $8,898,381 | 3,805,685 | +63.3% |
| 2023-05-17 21:27 | 2023-05-15 | NRGX | PIMCO Dynamic Income Strategy Fund | Saba Capital Management, L.P. | 10% owner | Other | BUY | $14.65 | 128,819 | $1,887,430 | 4,620,623 | +2.9% |
| 2023-05-17 20:22 | 2023-05-15 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.27 | 86,421 | $1,319,217 | 11,459,864 | +0.8% |
| 2023-05-18 01:41 | 2023-05-16 | RPRX | Royalty Pharma plc | Legorreta Pablo G. | Director, Officer, 10% owner - CEO, Chairman of the Board | Pharmaceutical Preparations | BUY | $33.38 | 230,000 | $7,676,825 | 230,000 | +100.0% |
| 2023-05-17 14:30 | 2023-05-15 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - Executive Chairman | Natural Gas Transmission | BUY | $12.49 | 1,000,000 | $12,490,000 | 60,078,477 | +1.7% |
| 2023-05-17 23:46 | 2023-05-16 | PARAAPARA | N/A | REDSTONE SHARI | Director | Other | BUY | $15.06 | 165,000 | $2,485,560 | 577,064 | +40.0% |
| 2023-05-18 02:49 | 2023-05-17 | AXON | AXON ENTERPRISE, INC. | Partovi Hadi | Director | Ordnance & Accessories, (No Vehicles/Guided Missiles) | BUY | $200.02 | 10,000 | $2,000,198 | 378,817 | +2.7% |
| 2023-05-16 19:19 | 2023-05-15 | LAZR | Luminar Technologies, Inc./DE | Russell Austin | Director, Officer, 10% owner - Chairperson, President & CEO | Motor Vehicle Parts & Accessories | BUY | $5.83 | 1,300,000 | $7,574,970 | 2,330,000 | +126.2% |
| 2023-05-16 23:08 | 2023-02-16 | SPRB | SPRUCE BIOSCIENCES, INC. | O'Donnell Niall | Director | Pharmaceutical Preparations | BUY | $3.17 | 630,400 | $1,998,368 | 1,326,305 | +90.6% |
| 2023-05-17 01:36 | 2023-05-12 | TOST | Toast, Inc. | Yuan David | Director | Services-Computer Processing & Data Preparation | BUY | $19.74 | 635,000 | $12,534,392 | 23,373 | +100.0% |
| 2023-05-17 02:04 | 2023-05-11 | PSEC | PROSPECT CAPITAL CORP | Barry John F | Director, Officer, 10% owner - CHIEF EXECUTIVE OFFICER | Other | BUY | $6.19 | 200,000 | $1,237,000 | 72,699,542 | +0.3% |
| 2023-05-16 14:30 | 2023-05-12 | ET | Energy Transfer LP | WARREN KELCY L | Director, Officer - Executive Chairman | Natural Gas Transmission | BUY | $12.27 | 500,000 | $6,135,000 | 59,078,477 | +0.9% |
| 2023-05-17 04:35 | 2023-05-12 | BFH | BREAD FINANCIAL HOLDINGS, INC. | Turtle Creek Asset Management Inc. | 10% owner | Personal Credit Institutions | BUY | $27.43 | 210,000 | $5,760,468 | 4,614 | +100.0% |
| 2023-05-16 18:26 | 2023-05-12 | IIIV | i3 Verticals, Inc. | DAILY GREGORY S | Director, Officer, 10% owner - Chief Executive Officer | Services-Prepackaged Software | BUY | $21.56 | 50,000 | $1,077,875 | 134,800 | +59.0% |
| 2023-05-17 00:09 | 2023-05-12 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.05 | 65,908 | $4,880,810 | 16,184,421 | +0.4% |
| 2023-05-16 20:26 | 2023-05-12 | TSN | TYSON FOODS, INC. | MCNAMARA KEVIN M | Director | Poultry Slaughtering and Processing | BUY | $48.92 | 20,500 | $1,002,803 | 115,670 | +21.5% |
| 2023-05-15 23:30 | 2023-05-11 | AFCG | Advanced Flower Capital Inc. | Tannenbaum Robyn | Officer - President | Real Estate | BUY | $10.22 | 243,372 | $2,488,308 | 129,217 | +100.0% |
| 2023-05-16 00:06 | 2023-05-11 | INZY | N/A | Hopfner Robert Lorne | Director | Other | BUY | $6.36 | 447,932 | $2,850,012 | 3,661,518 | +13.9% |
| 2023-05-15 18:04 | 2023-05-11 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.35 | 161,366 | $2,477,049 | 11,373,443 | +1.4% |
| 2023-05-15 23:02 | 2023-05-12 | OABI | OmniAb, Inc. | FOEHR MATTHEW W | Director, Officer - Chief Executive Officer | Services-Commercial Physical & Biological Research | BUY | $3.40 | 440,000 | $1,496,000 | 2,438,414 | +22.0% |
| 2023-05-15 23:30 | 2023-05-11 | AFCG | Advanced Flower Capital Inc. | TANNENBAUM LEONARD M | Director, Officer, 10% owner - Chief Executive Officer | Real Estate | BUY | $10.22 | 243,372 | $2,488,308 | 31,690 | +100.0% |
| 2023-05-16 03:12 | 2023-05-05 | MGTX | MeiraGTx Holdings plc | PERCEPTIVE ADVISORS LLC | Director, 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $5.75 | 4,347,826 | $25,000,000 | 11,281,103 | +62.7% |
| 2023-05-16 04:09 | 2023-05-11 | INVA | Innoviva, Inc. | DENNER ALEXANDER J | 10% owner | Pharmaceutical Preparations | BUY | $12.34 | 290,000 | $3,577,411 | 6,904,000 | +4.4% |
| 2023-05-16 04:26 | 2023-05-11 | OXY | OCCIDENTAL PETROLEUM CORP /DE/ | BERKSHIRE HATHAWAY INC | 10% owner | Crude Petroleum & Natural Gas | BUY | $58.06 | 2,165,792 | $125,746,966 | 213,872,911 | +1.0% |
| 2023-05-16 00:11 | 2023-05-11 | DISH | N/A | DEFRANCO JAMES | Director | Other | BUY | $6.20 | 3,000,000 | $18,585,900 | 3,050,000 | +6,000.0% |
| 2023-05-12 20:23 | 2023-05-10 | PZG | Paramount Gold Nevada Corp. | FCMI Parent Co. | 10% owner | Metal Mining | BUY | $0.32 | 4,300,000 | $1,376,000 | 9,276,310 | +86.4% |
| 2023-05-12 23:25 | 2023-05-11 | AAT | American Assets Trust, Inc. | RADY ERNEST S | Director, Officer, 10% owner - Chairman & CEO | Real Estate Investment Trusts | BUY | $18.79 | 147,540 | $2,771,657 | 1,009,021 | +17.1% |
| 2023-05-13 03:13 | 2023-05-10 | MODV | Modivcare Inc. | Coliseum Capital Management, LLC | Director, 10% owner | Transportation Services | BUY | $54.89 | 85,088 | $4,670,080 | 1,667,902 | +5.4% |
| 2023-05-12 03:03 | 2023-05-09 | COIN | Coinbase Global, Inc. | Ehrsam Frederick Ernest III | Director | Finance Services | BUY | $61.77 | 810,000 | $50,034,996 | 1,931,844 | +72.2% |
| 2023-05-12 04:16 | 2023-05-09 | SLRN | N/A | Westlake BioPartners Fund II, L.P. | 10% owner | Other | BUY | $18.00 | 1,250,000 | $22,500,000 | 9,790,729 | +14.6% |
| 2023-05-11 22:10 | 2023-05-10 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.49 | 121,569 | $1,883,104 | 11,212,077 | +1.1% |
| 2023-05-12 00:25 | 2023-05-09 | GSAT | Globalstar, Inc. | Monroe James III | Director, 10% owner | Communications Services, NEC | BUY | $0.98 | 5,263,863 | $5,151,216 | 5,363,863 | +5,263.9% |
| 2023-05-12 04:13 | 2023-05-09 | SLRN | N/A | SEIDENBERG BETH C | Director, 10% owner | Other | BUY | $18.00 | 1,310,000 | $23,580,000 | 60,000 | +100.0% |
| 2023-05-12 00:50 | 2023-05-09 | FDMT | 4D Molecular Therapeutics, Inc. | VIKING GLOBAL INVESTORS LP | 10% owner | Biological Products, (No Diagnostic Substances) | BUY | $16.00 | 850,000 | $13,600,000 | 4,787,914 | +21.6% |
| 2023-05-12 04:30 | 2023-05-09 | BFH | BREAD FINANCIAL HOLDINGS, INC. | Turtle Creek Asset Management Inc. | 10% owner | Personal Credit Institutions | BUY | $26.10 | 190,000 | $4,958,278 | 4,465 | +100.0% |
| 2023-05-12 00:28 | 2023-05-09 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.46 | 23,714 | $1,765,645 | 16,118,513 | +0.1% |
| 2023-05-12 00:30 | 2023-05-11 | IHT | INNSUITES HOSPITALITY TRUST | WIRTH JAMES F | Officer, 10% owner, Other - President & CEO | Real Estate Investment Trusts | BUY | $1,935.00 | 1,000 | $1,935,000 | 5,931,161 | +0.0% |
| 2023-05-11 23:22 | 2023-05-09 | CPE | N/A | WEBSTER STEVEN A | Director | Other | BUY | $30.97 | 50,000 | $1,548,280 | 592,824 | +9.2% |
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.