Latest Insider Sales
Companies where corporate insiders have recently sold shares. Insider selling can occur for many reasons including diversification, tax planning, or personal liquidity needs.
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Key Insights
4 companies show recent sales activity. Impinj, Inc. (PI) leads with $7.4M in total transaction value from 1 unique insider. The average transaction value per company is $1.9M. Data sourced from SEC EDGAR Form 4 filings.
Why This Matters
Insider sales have many non-informational explanations — tax planning, portfolio diversification, personal liquidity needs, or estate management. Unlike purchases, which require a deliberate decision to increase exposure, sales are a routine part of executive compensation management. Evaluating insider sales in isolation can be misleading; the pattern, magnitude, and timing relative to company events provide more meaningful context.
4 companies show recent insider selling activity, with $7.5M in total transaction value. The average sale value per company is $1.9M. 5 unique insiders are represented across all transactions.
Insider sales are common and occur for many reasons unrelated to company outlook, including tax planning, portfolio diversification, personal liquidity needs, and estate management. Unlike purchases, sales are a routine part of executive compensation management. Evaluating individual sales without broader context (such as the insider's remaining holdings, pre-planned 10b5-1 schedules, or the timing relative to company events) can be misleading.
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 4 companies with latest sales activity
- -Total transaction value: $7.5M
- -Most recent filing: May 20
- -Average value per company: $1.9M
This is a factual summary of SEC EDGAR filings and does not constitute investment advice.
4 Companies with Insider Activity
| # | Company | Top Insider | Transactions | Total Value | Insiders | Latest |
|---|---|---|---|---|---|---|
| 1 | PIImpinj, Inc. | SYLEBRA CAPITAL LLC | 4 | $7.4M | 1 | May 11 |
| 2 | SGSweetgreen, Inc. | Cochran Jason Miles Chief Operating Officer | 2 | $131K | 2 | May 18 |
| 3 | VTMXVesta Real Estate Corporation, S.A.B. de C.V. | Cuevas Argueta Fernando Alberto CONTROLLER | 1 | $40K | 1 | May 20 |
| 4 | BLSHBullish | Farley Thomas W Chief Executive Officer | 1 | $0 | 1 | May 5 |
Understanding Insider Sales
Insider selling alone is generally less informative than insider buying. Insiders sell for many non-negative reasons: diversification, tax obligations, home purchases, or estate planning. However, unusually large sales or sales by multiple insiders simultaneously may warrant closer attention. Context matters more than the sale itself.
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.