Director Stock Purchases
Stock purchases by board of directors members. Directors provide independent oversight and have access to strategic-level company information.
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Key Insights
50 companies show director buys activity. ALKAMI TECHNOLOGY, INC. (ALKT) leads with $135.2M in total transaction value from 2 unique insiders. The average transaction value per company is $8.7M. Data sourced from SEC EDGAR Form 4 filings.
Why This Matters
Board directors have access to strategic-level information including M&A discussions, capital allocation plans, and long-term business strategy. While they may lack day-to-day operational visibility, their purchases can reflect confidence in governance quality and strategic direction. Independent directors, who have no operational role, buying shares is particularly notable as their motivation is purely investment-driven.
50 companies have board director stock purchases, with a combined value of $432.6M from 103 unique directors. The average purchase value per company is $8.7M.
Board directors have access to strategic-level information including M&A discussions, capital allocation plans, and executive succession decisions. While they may lack day-to-day operational visibility compared to officers, their purchases can reflect confidence in governance quality and strategic direction. Independent (non-executive) directors purchasing shares is particularly notable, as their motivation is purely investment-driven without the compensation-related considerations that apply to management insiders.
Form 4 filings are required to be filed within 2 business days of a transaction. Some transactions may be part of pre-planned 10b5-1 trading plans. Insider trading data reflects SEC EDGAR public filings and may not capture the full context of each transaction.
- -Currently tracking 50 companies with director purchases activity
- -Total transaction value: $432.6M
- -Most recent filing: 2 days ago
- -103 unique directors across all companies
This is a factual summary of SEC EDGAR filings and does not constitute investment advice.
50 Companies with Insider Activity
| # | Company | Top Insider | Transactions | Total Value | Insiders | Latest |
|---|---|---|---|---|---|---|
| 1 | ALKTALKAMI TECHNOLOGY, INC. | GENERAL ATLANTIC, L.P. | 12 | $135.2M | 2 | May 14 |
| 2 | CSANCosan S.A. | Martins Marcelo Eduardo Chief Executive Officer | 2 | $23.8M | 1 | May 19 |
| 3 | WGSGeneDx Holdings Corp. | Casdin Capital, LLC | 3 | $21.5M | 1 | May 20 |
| 4 | IFFInternational Flavors & Fragrances | FRIBOURG PAUL J | 2 | $20.3M | 1 | Jun 1 |
| 5 | HOODRobinhood Markets | Malka Meyer | 1 | $20.0M | 1 | May 28 |
| 6 | VRDNViridian Therapeutics, Inc.\DE | Fairmount Funds Management LLC | 1 | $20.0M | 1 | May 11 |
| 7 | MESOMESOBLAST LTD | George Gregory | 21 | $19.6M | 1 | Apr 10 |
| 8 | LWLamb Weston | JANA Partners Management, LP | 4 | $16.1M | 1 | Apr 15 |
| 9 | FBINFortune Brands Innovations | GARDEN EDWARD P | 3 | $15.7M | 1 | May 20 |
| 10 | PLSEPULSE BIOSCIENCES, INC. | DUGGAN ROBERT W | 2 | $13.3M | 2 | May 11 |
| 11 | SRADSportradar Group AG | Koerl Carsten Chief Executive Officer | 13 | $11.3M | 7 | May 6 |
| 12 | AATAmerican Assets Trust | RADY ERNEST S Executive Chairman | 13 | $10.0M | 1 | May 29 |
| 13 | NOMDNomad Foods Ltd | Gottesman Noam | 5 | $9.2M | 4 | May 15 |
| 14 | MNSOMINISO Group Holding Ltd | Ye Guofu Chief Executive Officer | 3 | $6.9M | 1 | Jun 1 |
| 15 | UPSTUpstart Holdings, Inc. | Girouard Dave | 3 | $6.4M | 2 | May 13 |
| 16 | GEHCGE HealthCare | CULP H LAWRENCE JR | 6 | $6.1M | 6 | May 22 |
| 17 | HLNEHamilton Lane | Rogers Hartley R. Executive Co-Chairman | 4 | $5.0M | 1 | May 27 |
| 18 | KHCKraft Heinz | CAHILLANE STEVEN A Chief Executive Officer | 1 | $5.0M | 1 | May 12 |
| 19 | NCLHNorwegian Cruise Line Holdings | CHIDSEY JOHN President and CEO | 8 | $4.2M | 6 | May 22 |
| 20 | POOLPool Corporation | PEREZ DE LA MESA MANUEL J | 5 | $4.0M | 4 | May 13 |
| 21 | SHAKShake Shack, Inc. | Meyer Daniel Harris | 9 | $3.2M | 6 | May 15 |
| 22 | CHTRCharter Communications | Ramos Mauricio | 4 | $3.2M | 4 | May 15 |
| 23 | CVBFCVB Financial Corp. | Borba George A Jr | 4 | $3.0M | 1 | May 22 |
| 24 | NSPInsperity | SARVADI PAUL J Chairman of the Board & CEO | 3 | $2.9M | 1 | May 5 |
| 25 | AMRAlpha Metallurgical Resources, Inc. | Courtis Kenneth S. | 9 | $2.8M | 1 | May 12 |
| 26 | BORRBorr Drilling Ltd | Troim Tor Olav | 1 | $2.8M | 1 | Apr 16 |
| 27 | HOMBHome BancShares | ALLISON JOHN W Chairman & CEO | 1 | $2.7M | 1 | Apr 17 |
| 28 | IPXIPERIONX Ltd | Hannigan Todd Executive Chairman | 3 | $2.6M | 2 | Apr 29 |
| 29 | ADCAgree Realty | RAKOLTA JOHN JR | 3 | $2.6M | 3 | May 15 |
| 30 | CSGPCoStar Group | FLORANCE ANDREW C President and CEO | 2 | $2.5M | 1 | May 1 |
| 31 | BSMBlack Stone Minerals, L.P. | DeWalch D Mark | 7 | $2.4M | 2 | Jun 1 |
| 32 | AMRZAmrize Ltd | Jenisch Jan Philipp Chairman & CEO | 10 | $2.3M | 1 | May 19 |
| 33 | MSCIMSCI Inc. | Fernandez Henry A Chairman and CEO | 7 | $2.2M | 1 | May 15 |
| 34 | ZBIOZenas BioPharma, Inc. | MOULDER LEON O JR Chief Executive Officer | 3 | $2.1M | 1 | May 18 |
| 35 | PSECPROSPECT CAPITAL CORP | Barry John F CHIEF EXECUTIVE OFFICER | 7 | $2.0M | 1 | May 26 |
| 36 | SCHWCharles Schwab Corporation | Wurster Richard A President & CEO | 1 | $1.8M | 1 | May 28 |
| 37 | PATKPatrick Industries, Inc. | WELCH M SCOTT | 5 | $1.8M | 3 | May 19 |
| 38 | ASGNASGN Inc. | Hanson Theodore S. Chief Executive Officer | 11 | $1.6M | 9 | Apr 29 |
| 39 | OPCHOption Care Health | KRAEMER HARRY M JANSEN JR | 3 | $1.5M | 3 | May 7 |
| 40 | SPGIS&P Global | CHEUNG MARTINA CEO & President | 2 | $1.5M | 2 | Apr 30 |
| 41 | FCNFTI Consulting | Gunby Steven Henry CEO, Chairman and President | 2 | $1.4M | 1 | May 13 |
| 42 | PAXPatria Investments Ltd | Neto Olimpio Matarazzo | 7 | $1.2M | 1 | May 29 |
| 43 | HIMSHims & Hers Health | WELLS DAVID B | 1 | $1.2M | 1 | May 26 |
| 44 | SMPLSimply Good Foods Company | KILTS JAMES M | 2 | $1.1M | 2 | May 14 |
| 45 | CRESYCRESUD INC | ELSZTAIN EDUARDO S | 6 | $1.1M | 3 | May 20 |
| 46 | AREAlexandria Real Estate Equities | MARCUS JOEL S Executive Chairman | 6 | $1.1M | 1 | May 6 |
| 47 | DRSLeonardo DRS, Inc. | Jeffery Reuben III | 1 | $1.1M | 1 | May 19 |
| 48 | CORCencora | DURCAN DERMOT MARK | 1 | $1.1M | 1 | May 28 |
| 49 | LLoews Corporation | Robusto Dino | 2 | $1.1M | 1 | May 29 |
| 50 | VTSVitesse Energy, Inc. | STEINBERG JOSEPH S | 1 | $1.0M | 1 | May 28 |
Board Director Purchases
Board directors have access to strategic information including M&A discussions, executive compensation decisions, and long-term business plans. While directors may have less day-to-day operational knowledge than officers, their purchases can signal confidence in the company's strategic direction and governance quality.
All insider trading data is sourced from SEC EDGAR Form 4 filings, which are public domain documents. Transaction classification (purchase vs. sale) follows SEC reporting standards. Some transactions may be delayed due to SEC filing timelines.
Related Screeners
Frequently Asked Questions
What is an insider trading screener?
An insider trading screener filters stocks based on corporate insider buying and selling activity. Corporate insiders (officers, directors, and 10%+ shareholders) must report their transactions to the SEC via Form 4 filings. This screener aggregates that data to help you identify patterns like cluster buying, CEO purchases, and large transactions.
Where does Billiver get insider trading data?
All insider trading data comes from SEC EDGAR Form 4 filings, which are public domain documents. When a corporate insider buys or sells company stock, they must file a Form 4 with the SEC within two business days. Billiver processes these filings daily to provide up-to-date screener results.
What is the difference between insider buying and insider selling?
Insider buying is generally considered a stronger signal than insider selling. Insiders buy for one reason: they expect the stock to go up. However, insiders sell for many non-negative reasons including diversification, tax planning, home purchases, or exercising expiring options. Academic research consistently finds insider purchases are more predictive of future returns than sales.
What are insider cluster buys?
A cluster buy occurs when 3 or more unique insiders at the same company purchase shares within a 30-day period. Research by Jaffe (1974) and subsequent studies found that cluster buying is more predictive of abnormal returns (approximately 2.1%) than individual insider purchases. The screener excludes pre-planned 10b5-1 transactions to focus on discretionary buying decisions.
Are 10b5-1 plan transactions included?
For purchase-related screeners (latest purchases, CEO buys, cluster buys, etc.), pre-planned 10b5-1 transactions are excluded. These are automated trading plans set up in advance and do not reflect real-time insider sentiment. Sale screeners include all transactions since most insider sales are routine.