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.
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
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.
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.
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.