There were 449 Form 4 filings processed today with the SEC. These filings represented 448 insiders and reflected 279 companies. Within this insider activity were 61 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 23, and within these companies there were 49 individual insiders surpassing the high value threshold.
Within the Russell 3000 index there were 381 individuals filers from 236 companies reporting insider trades. High value transactions reflected in this activity came from 33 individuals in 21 companies and with approximately $721,060,843 in market value This activity was markedly higher than the average for the past week but markedly beneath the average for the last month, and came from discretionary purchases of 621,720 shares and discretionary sales of 19,803,941 shares. Within the Russell 1000 Value index there were 65 companies reporting insider trades which included 138 individuals. Included in this activity, were high value transactions that represented 8 individuals in 5 companies and involving $616,003,202 in market value. This activity was very much higher than the average for the previous week, but close to the average for the previous month, and came from discretionary sales of 16,751,957 shares.
Among the most significant insider transactions for the day:
Significant Insider Sales Reported in Shares of Shake Shack (SHAK) Extending the Trend of Last Quarter
There was substantial level of selling of Shake Shack shares today, as revealed in filings with the SEC. Two insiders — Jonathan D Sokoloff, 10% Owner and Director, and Green Equity Investors VI Lp, 10% Owner and Director — sold 200,000 shares in the company having a market value of approximately $7,028,000. 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 sale of 1,090,256 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,290,256 shares and have averaged 161,282 shares per transaction over this time period.
Today’s Insider Activity
* Jonathan D Sokoloff, 10% Owner and Director, sold 100,000 shares
* Green Equity Investors VI Lp, 10% Owner and Director, sold 100,000 shares
Another 22 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.