The SEC today reported 716 Form 4 filings. These filings represented 698 insiders and reflected 320 companies. Individual filings where there was more than $1 million in market value represented, occurred in 66 filings. There were 22 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 42 individuals with transactions that were greater than $1 million.
The Russell 3000 index had 584 individuals from 272 companies reporting insider trades. Included in this activity, were high value transactions involving 35 individuals in 19 companies representing 4,512,960 shares and reflecting $81,788,903 in market value. This level of activity was higher than the average for the past 5 days, near the average for the last 30 days, and came from discretionary purchases of 235,052 shares and discretionary sales of 4,277,908 shares. The Russell 1000 index had 70 companies reporting insider trades involving 162 individuals filers. This activity represented high value transactions having approximately $15,121,372 in market value and reflected 13 individual filers from 6 companies. This activity was greater than the average for the prior week, near average for the prior month, and came from discretionary purchases of 100,000 shares and discretionary sales of 207,054 shares.
Among the most significant insider transactions for the day:
Insider Sale Reverses Buying Trend over Last Quarter at Clean Energy Fuels
A Clean Energy Fuels insider One insider — Boone Pickens, 10% Owner and Director — today, sold 519,485 shares having a market value of approximately $1,843,471, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 29,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 490,485 shares and have averaged 274,243 shares per transaction over this time period. The level of buy/sell trading at Clean Energy Fuels is is greater than the 36 peer company average over the last 90-day period. The Oil & Gas Refining and Marketing peer group saw 28 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Clean Energy Fuels insiders was also higher. Within the peer group there were 1,478,953 shares purchased and 1,703,542 shares sold with company insiders selling 8,021 shares on average. Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in creating and writing this story.
Shake Shack (SHAK) sees Significant Insider Sales Extending the Trend of Last Quarter
Three insiders — Jonathan D Sokoloff, 10% Owner and Director, Green Equity Investors VI Lp, 10% Owner and Director, and Select Equity Group LP, Director — today, disposed of 335,799 shares of Shake Shack having a market value of approximately $12,075,206, as disclosed in form 4 documents filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 1,247,508 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,583,307 shares and have averaged 175,923 shares per transaction over this time period.
Today’s Insider Activity
* Jonathan D Sokoloff, 10% Owner and Director, sold 150,000 shares
* Green Equity Investors VI Lp, 10% Owner and Director, sold 150,000 shares
* Select Equity Group LP, Director, sold 35,799 shares
Another 20 companies had significant insider transactions based on UpTick Data Technologies’ analysis. Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at firstname.lastname@example.org.