Latest Insider Purchases
Companies where corporate insiders have recently purchased shares on the open market. Excludes pre-planned 10b5-1 transactions to show discretionary buying decisions.
The information on this page is for informational purposes only and does not constitute investment advice, financial advice, or any recommendation. Billiver does not recommend buying, selling, or holding any security. Past performance is not indicative of future results.
Data may be delayed and accuracy is not guaranteed. All investment decisions are solely your responsibility. Verify information independently and consult a qualified financial advisor before investing. About · Methodology
Why This Matters
Open-market insider purchases are voluntary and use the insider's personal capital, distinguishing them from automatic stock option exercises or pre-planned 10b5-1 transactions. Form 4 filings must be submitted within 2 business days of a transaction, providing near-real-time visibility into insider decisions. The recency and frequency of purchases across different companies can indicate broader insider sentiment.
This is a factual summary of SEC EDGAR filings and does not constitute investment advice.
0 Companies with Insider Activity
No companies currently meet this screening criteria.
Why Track Insider Purchases?
Corporate insiders (officers, directors, and large shareholders) must report their trades to the SEC via Form 4 filings. When multiple insiders buy shares voluntarily, it can signal confidence in the company's prospects. Research by Lakonishok and Lee (2001) found that insider purchases tend to predict positive abnormal returns, particularly at smaller companies.
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.