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. Summit Therapeutics Inc. (SMMT) leads with $103.6M in total transaction value from 3 unique insiders. The average transaction value per company is $6.2M. 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 $310.9M from 68 unique directors. The average purchase value per company is $6.2M.
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: $310.9M
- -Most recent filing: Jun 18
- -68 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 | SMMTSummit Therapeutics Inc. | DUGGAN ROBERT W Co-Chief Executive Officer | 6 | $103.6M | 3 | Jun 12 |
| 2 | HOODRobinhood Markets | Malka Meyer | 2 | $35.3M | 1 | Jun 5 |
| 3 | KNOPKNOT Offshore Partners LP | Seglem Trygve | 1 | $25.0M | 1 | Jun 15 |
| 4 | NCLHNorwegian Cruise Line Holdings | PAGLIUCA STEPHEN G | 2 | $25.0M | 1 | Jun 2 |
| 5 | IFFInternational Flavors & Fragrances | FRIBOURG PAUL J | 2 | $20.3M | 1 | Jun 1 |
| 6 | FBINFortune Brands Innovations | GARDEN EDWARD P | 1 | $13.0M | 1 | Jun 10 |
| 7 | AVOMission Produce, Inc. | Taylor Bruce C. | 9 | $11.2M | 2 | Jun 17 |
| 8 | WGSGeneDx Holdings Corp. | Casdin Capital, LLC | 2 | $11.1M | 1 | Jun 5 |
| 9 | NSPInsperity | SARVADI PAUL J Chairman of the Board & CEO | 1 | $7.9M | 1 | Jun 3 |
| 10 | FUNSix Flags | JAFFER REHAN | 2 | $5.9M | 1 | Jun 15 |
| 11 | STEPStepStone Group | McCabe Michael I Head of Strategy | 2 | $5.0M | 1 | Jun 11 |
| 12 | BORRBorr Drilling Ltd | Troim Tor Olav | 1 | $5.0M | 1 | Jun 9 |
| 13 | RYANRyan Specialty | RYAN PATRICK G Executive Chairman | 4 | $4.3M | 3 | Jun 12 |
| 14 | HLNEHamilton Lane | Rogers Hartley R. Executive Co-Chairman | 3 | $4.1M | 2 | Jun 11 |
| 15 | CRVOCervoMed Inc. | BOGER JOSHUA S | 1 | $3.0M | 1 | Jun 11 |
| 16 | BSBRBanco Santander (Brasil) S.A. | Leao Mario Roberto Opice CEO | 4 | $2.9M | 1 | Jun 16 |
| 17 | EQPTEquipmentShare.com Inc | Schlacks William J. Co-Founder & President | 3 | $2.1M | 2 | Jun 15 |
| 18 | AMRAlpha Metallurgical Resources, Inc. | Courtis Kenneth S. | 2 | $2.0M | 1 | Jun 12 |
| 19 | PEBPebblebrook Hotel Trust | BORTZ JON E Chairman and CEO | 5 | $1.7M | 1 | Jun 12 |
| 20 | PAXPatria Investments Ltd | Neto Olimpio Matarazzo | 5 | $1.5M | 1 | Jun 5 |
| 21 | ERIEErie Indemnity | Vorsheck Elizabeth A | 3 | $1.4M | 1 | Jun 2 |
| 22 | GLIBAGCI Liberty, Inc. | DUNCAN RONALD A President and CEO | 4 | $1.4M | 1 | Jun 3 |
| 23 | NVRIEnviri Corporation | Hochman Russell C. President and CEO | 2 | $1.3M | 2 | Jun 3 |
| 24 | AATAmerican Assets Trust | RADY ERNEST S Executive Chairman | 6 | $1.2M | 1 | Jun 15 |
| 25 | LODEComstock Inc. | Pei Steven Yu-Tsung | 2 | $1.0M | 1 | Jun 12 |
| 26 | CXTCrane NXT | Saak Aaron W CEO | 1 | $1.0M | 1 | Jun 12 |
| 27 | BRCBrady Corporation | Nargolwala Vineet A President & CEO | 1 | $1.0M | 1 | Jun 10 |
| 28 | PTHSPelthos Therapeutics Inc. | Davis Todd C | 2 | $1000K | 1 | Jun 11 |
| 29 | GPGIGPGI, Inc. | Knott Thomas R. See remarks | 1 | $995K | 1 | Jun 11 |
| 30 | PODDInsulet Corporation | WEATHERMAN ELIZABETH H | 2 | $898K | 2 | Jun 3 |
| 31 | EYENational Vision Holdings | Nicholson Michael J | 1 | $776K | 1 | Jun 5 |
| 32 | FISVFiserv | Nixon Gordon M. | 4 | $723K | 4 | Jun 17 |
| 33 | VTSVitesse Energy, Inc. | STEINBERG JOSEPH S | 1 | $661K | 1 | Jun 15 |
| 34 | XRAYDentsply Sirona | Barber Michael J | 6 | $617K | 6 | Jun 15 |
| 35 | TEOTELECOM ARGENTINA SA | Urricelqui Alejandro Alberto | 1 | $522K | 1 | Jun 2 |
| 36 | VFCVF Corporation | Carucci Richard | 1 | $515K | 1 | Jun 9 |
| 37 | MNSOMINISO Group Holding Ltd | Ye Guofu Chief Executive Officer | 1 | $502K | 1 | Jun 1 |
| 38 | NRDYNerdy Inc. | Cohn Charles K. Chief Executive Officer | 2 | $501K | 1 | Jun 15 |
| 39 | LULULululemon Athletica | Bergh Charles V | 1 | $500K | 1 | Jun 15 |
| 40 | ADSKAutodesk | Anagnost Andrew President and CEO | 1 | $499K | 1 | Jun 16 |
| 41 | AURAurora Innovation, Inc. | Wehner David M. | 1 | $498K | 1 | Jun 11 |
| 42 | YEXTYext, Inc. | Waugh Seth H. | 1 | $498K | 1 | Jun 11 |
| 43 | BSMBlack Stone Minerals, L.P. | DeWalch D Mark | 1 | $495K | 1 | Jun 1 |
| 44 | HBANHuntington Bancshares | ROLLINS JAMES D III | 4 | $401K | 1 | Jun 4 |
| 45 | AVGOBroadcom | You Harry L. | 1 | $374K | 1 | Jun 11 |
| 46 | VIAVia Transportation, Inc. | Peres Nechemia Jacob | 1 | $368K | 1 | Jun 9 |
| 47 | ADCAgree Realty | AGREE RICHARD EXECUTIVE CHAIRMAN OF BOARD | 1 | $357K | 1 | Jun 4 |
| 48 | BHRBBurke & Herbert Financial Services Corp. | Barnwell Julian Forrest Jr. | 1 | $314K | 1 | Jun 3 |
| 49 | FBRTFranklin BSP Realty Trust, Inc. | ORTALE BUFORD H | 2 | $292K | 1 | Jun 15 |
| 50 | BZUNBaozun Inc. | Wu Junhua Chief Strategy Officer | 8 | $266K | 2 | Jun 18 |
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.