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, % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-05-11 02:42 | 2023-05-08 | CMCT | Creative Media & Community Trust Corp | RESSLER RICHARD S | Director, 10% owner | Real Estate Investment Trusts | BUY | $4.49 | 624,914 | $2,808,114 | 9,044,778 | +7.4% |
| 2023-05-11 02:41 | 2023-05-08 | CMCT | Creative Media & Community Trust Corp | CIM CMCT MLP, LLC | Other | Real Estate Investment Trusts | BUY | $4.49 | 624,914 | $2,808,114 | 9,044,778 | +7.4% |
| 2023-05-11 00:42 | 2023-05-08 | KNTE | N/A | Foresite Capital Management IV, LLC | 10% owner | Other | BUY | $2.80 | 1,780,000 | $4,984,000 | 520,711 | +100.0% |
| 2023-05-11 00:47 | 2023-05-08 | RPHM | OnKure Therapeutics, Inc. | O'Donnell Niall | Director | Pharmaceutical Preparations | BUY | $8.00 | 125,000 | $1,000,000 | 2,188,713 | +6.1% |
| 2023-05-11 02:45 | 2023-05-08 | CMCT | Creative Media & Community Trust Corp | Kuba Shaul | Director, Officer, 10% owner - CHIEF INVESTMENT OFFICER | Real Estate Investment Trusts | BUY | $4.49 | 624,914 | $2,808,114 | 9,044,778 | +7.4% |
| 2023-05-11 02:43 | 2023-05-08 | CMCT | Creative Media & Community Trust Corp | Shemesh Avraham | Director, 10% owner | Real Estate Investment Trusts | BUY | $4.49 | 624,914 | $2,808,114 | 9,044,778 | +7.4% |
| 2023-05-11 00:49 | 2023-05-08 | KNTE | N/A | Tananbaum James B. | Director, 10% owner | Other | BUY | $2.80 | 1,780,000 | $4,984,000 | 520,711 | +100.0% |
| 2023-05-10 17:25 | 2023-05-08 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.55 | 111,710 | $1,737,303 | 11,090,538 | +1.0% |
| 2023-05-10 23:51 | 2023-05-08 | AAT | American Assets Trust, Inc. | RADY ERNEST S | Director, Officer, 10% owner - Chairman & CEO | Real Estate Investment Trusts | BUY | $18.89 | 242,140 | $4,572,911 | 861,481 | +39.1% |
| 2023-05-11 02:27 | 2023-05-08 | MODV | Modivcare Inc. | Coliseum Capital Management, LLC | Director, 10% owner | Transportation Services | BUY | $53.56 | 183,619 | $9,835,533 | 1,582,814 | +13.1% |
| 2023-05-11 00:41 | 2023-05-09 | PLSE | PULSE BIOSCIENCES, INC. | DUGGAN ROBERT W | Director, 10% owner | Surgical & Medical Instruments & Apparatus | BUY | $6.51 | 10,022,937 | $65,249,320 | 30,414,661 | +49.2% |
| 2023-05-09 17:38 | 2023-05-05 | EVA | N/A | BUMGARNER JOHN C JR | Director | Other | BUY | $9.36 | 200,000 | $1,872,400 | 295,763 | +208.8% |
| 2023-05-08 19:09 | 2023-05-04 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.42 | 116,419 | $1,795,309 | 10,978,798 | +1.1% |
| 2023-05-09 00:06 | 2023-05-05 | CZR | Caesars Entertainment, Inc. | Pegram Michael E | Director | Hotels & Motels | BUY | $45.02 | 25,000 | $1,125,433 | 121,697 | +25.9% |
| 2023-05-09 00:11 | 2023-05-04 | KNTE | N/A | GORDON CARL L | Director, 10% owner | Other | BUY | $2.80 | 1,460,932 | $4,086,227 | 1,368,338 | +100.0% |
| 2023-05-08 23:02 | 2023-05-04 | FYBR | Frontier Communications Parent, Inc. | ARES MANAGEMENT LLC | 10% owner | Telephone Communications (No Radiotelephone) | BUY | $21.00 | 360,844 | $7,579,456 | 38,105,498 | +1.0% |
| 2023-05-08 19:19 | 2023-05-05 | BFZ | BlackRock California Municipal Income Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $12.03 | 116,015 | $1,395,660 | 4,148,403 | +2.9% |
| 2023-05-09 04:30 | 2023-05-04 | BFH | BREAD FINANCIAL HOLDINGS, INC. | Turtle Creek Asset Management Inc. | 10% owner | Personal Credit Institutions | BUY | $24.88 | 257,618 | $6,409,536 | 4,330 | +100.0% |
| 2023-05-09 00:22 | 2023-05-04 | KNTE | N/A | ORBIMED ADVISORS LLC | Director, 10% owner | Other | BUY | $2.80 | 1,460,932 | $4,086,227 | 1,368,338 | +100.0% |
| 2023-05-05 23:44 | 2023-05-03 | GTLB | Gitlab Inc. | GV 2021 GP, L.L.C. | Other | Services-Prepackaged Software | BUY | $27.57 | 706,292 | $19,474,024 | 2,640,026 | +36.5% |
| 2023-05-05 23:35 | 2023-05-04 | AAT | American Assets Trust, Inc. | RADY ERNEST S | Director, Officer, 10% owner - Chairman & CEO | Real Estate Investment Trusts | BUY | $18.76 | 180,000 | $3,376,998 | 7,577,628 | +2.4% |
| 2023-05-06 00:35 | 2023-05-03 | HTLD | HEARTLAND EXPRESS INC | GERDIN MICHAEL J | Director, Officer, 10% owner, Other - Chief Executive Officer | Trucking (No Local) | BUY | $14.91 | 103,254 | $1,539,176 | 122,031 | +549.9% |
| 2023-05-05 20:53 | 2023-05-03 | MLKN | MILLERKNOLL, INC. | VOLKEMA MICHAEL A | Director | Office Furniture | BUY | $16.61 | 60,200 | $1,000,193 | 187,086 | +47.4% |
| 2023-05-05 15:18 | 2023-05-04 | BFZ | BlackRock California Municipal Income Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $12.01 | 300,439 | $3,608,272 | 4,032,388 | +8.1% |
| 2023-05-05 00:31 | 2023-05-02 | TRNR | Interactive Strength, Inc. | block.one Investments 1 | 10% owner | Electronic & Other Electrical Equipment (No Computer Equip) | BUY | $8.00 | 187,500 | $1,500,000 | 3,205,491 | +6.2% |
| 2023-05-04 21:51 | 2023-05-02 | GD | GENERAL DYNAMICS CORP | Malcolm Mark | Director | Ship & Boat Building & Repairing | BUY | $214.47 | 4,700 | $1,008,011 | 4,700 | +100.0% |
| 2023-05-04 23:12 | 2023-05-02 | STEL | Stellar Bancorp, Inc. | Penland Joe Sr | Director | National Commercial Banks | BUY | $21.68 | 79,512 | $1,723,788 | 227,170 | +53.8% |
| 2023-05-04 23:35 | 2023-05-03 | ATVI | N/A | NOLAN PETER J | Director | Other | BUY | $75.99 | 13,160 | $1,000,005 | 174,777 | +8.1% |
| 2023-05-04 18:22 | 2023-05-02 | NBTB | NBT BANCORP INC | DELANEY TIMOTHY E | Director | National Commercial Banks | BUY | $29.77 | 40,000 | $1,190,800 | 76,535 | +109.5% |
| 2023-05-05 00:27 | 2023-05-02 | HHC | N/A | Pershing Square Capital Management, L.P. | Director, 10% owner | Other | BUY | $74.72 | 31,083 | $2,322,655 | 16,094,799 | +0.2% |
| 2023-05-05 02:06 | 2023-05-03 | MORF | N/A | SPRINGER TIMOTHY A | Director, 10% owner | Other | BUY | $45.00 | 1,050,000 | $47,250,000 | 2,768,464 | +61.1% |
| 2023-05-03 23:41 | 2023-05-01 | CNA | CNA FINANCIAL CORP | LOEWS CORP | 10% owner | Fire, Marine & Casualty Insurance | BUY | $38.97 | 75,025 | $2,923,439 | 243,958,688 | +0.0% |
| 2023-05-03 15:36 | 2023-05-01 | ECAT | BlackRock ESG Capital Allocation Term Trust | Saba Capital Management, L.P. | 10% owner | Other | BUY | $15.53 | 94,258 | $1,464,119 | 10,857,984 | +0.9% |
| 2023-05-03 23:58 | 2023-05-01 | AAT | American Assets Trust, Inc. | RADY ERNEST S | Director, Officer, 10% owner - Chairman & CEO | Real Estate Investment Trusts | BUY | $17.78 | 320,000 | $5,690,816 | 7,397,628 | +4.5% |
| 2023-05-02 20:52 | 2023-05-01 | N-A | N/A | BUSI II-C L.P. | 10% owner | Other | BUY | $12.94 | 617,908 | $7,995,730 | 22,854,812 | +2.8% |
| 2023-05-03 03:04 | 2023-04-25 | TMQ | Trilogy Metals Inc. | South32 Ltd | 10% owner | Gold and Silver Ores | BUY | $0.55 | 2,181,818 | $1,200,000 | 18,595,311 | +13.3% |
| 2023-05-03 01:53 | 2023-04-28 | FBSPX | N/A | FRANKLIN RESOURCES INC | 10% owner, Other | Other | BUY | $10.14 | 2,465,483 | $25,000,000 | 4,955,483 | +99.0% |
| 2023-05-03 01:47 | 2022-12-27 | PTMN | BCP Investment Corp | Repertoire Master Fund LP | 10% owner | Other | BUY | $22.38 | 52,766 | $1,181,051 | 1,174,591 | +4.7% |
| 2023-05-03 01:46 | 2022-11-30 | PTMN | BCP Investment Corp | Repertoire Master Fund LP | 10% owner | Other | BUY | $22.02 | 60,208 | $1,325,714 | 1,140,256 | +5.6% |
| 2023-05-03 01:45 | 2022-09-07 | PTMN | BCP Investment Corp | Repertoire Master Fund LP | 10% owner | Other | BUY | $20.34 | 86,432 | $1,757,785 | 1,154,781 | +8.1% |
| 2023-05-03 04:38 | 2023-04-28 | KNTE | N/A | GORDON CARL L | Director, 10% owner | Other | BUY | $2.61 | 1,405,168 | $3,673,952 | 794,368 | +100.0% |
| 2023-05-02 23:39 | 2023-04-28 | ZION | ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ | MCLEAN SCOTT J | Officer, Other - President | National Commercial Banks | BUY | $27.44 | 37,000 | $1,015,280 | 104,540 | +54.8% |
| 2023-05-02 23:10 | 2023-04-28 | TCBI | TEXAS CAPITAL BANCSHARES INC/TX | STALLINGS ROBERT W | Director | State Commercial Banks | BUY | $47.03 | 26,500 | $1,246,335 | 234,000 | +12.8% |
| 2023-05-03 04:34 | 2023-04-28 | KNTE | N/A | ORBIMED ADVISORS LLC | Director, 10% owner | Other | BUY | $2.61 | 1,405,168 | $3,673,952 | 794,368 | +100.0% |
| 2023-05-02 02:29 | 2019-03-06 | FOMC | N/A | Grover Vikram P | Director, Officer, 10% owner - CEO, Director | Other | BUY | $0.19 | 5,548,815 | $1,079,245 | 2,215,482 | +100.0% |
| 2023-05-01 17:33 | 2023-04-28 | N-A | N/A | Manufacturers Life Reinsurance Ltd | 10% owner | Other | BUY | $17.97 | 417,457 | $7,499,982 | 43,099,530 | +1.0% |
| 2023-05-01 17:18 | 2023-04-28 | N-A | N/A | Manulife (International) Ltd | 10% owner | Other | BUY | $17.97 | 428,589 | $7,699,982 | 32,201,058 | +1.3% |
| 2023-05-01 17:02 | 2023-04-28 | N-A | N/A | Manufacturers Life Insurance Co (Bermuda Branch) | 10% owner | Other | BUY | $17.97 | 111,322 | $1,999,995 | 15,888,430 | +0.7% |
| 2023-05-02 00:00 | 2023-04-27 | VANI | Vivani Medical, Inc. | Williams Gregg | Director, 10% owner | Electromedical & Electrotherapeutic Apparatus | BUY | $1.08 | 2,040,494 | $2,195,572 | 13,677,308 | +17.5% |
| 2023-05-02 02:51 | 2023-05-01 | PI | IMPINJ INC | SANGHI STEVE | Director | Electronic Components, NEC | BUY | $85.00 | 23,500 | $1,997,500 | 40,200 | +140.7% |
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.