The SEC saw 488 Form 4 filings reported today. This activity came from 475 insiders involving 280 companies. Of these individual transactions, 90 were filings that represented over $1 million in market value. There were 30 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 51 individual insiders with transactions that were greater than $1 million.
Activity within the Russell 1000 Value index was centered around 85 companies with 160 individuals reporting insider trades. High value transactions had approximately $31,139,658 in market value and represented 15 individual filers from 10 companies. This activity was very much lower than the average for the past week and month, and came from discretionary sales of 958,273 shares. Within the Russell 3000 index there were 446 individuals filers from 255 companies reporting insider trades. High value transactions represented $467,046,985 in market value and reflected 47 individual filers from 30 companies. This level of activity was very much above the average for the preceding week and month and came from discretionary purchases of 1,286,388 shares and discretionary sales of 34,424,216 shares.
Among the most significant insider transactions for the day:
Insider Sales at Forum Energy Technologies (FET) Deemed Significant
There was substantial level of selling of Forum Energy Technologies shares by insiders today, as disclosed in form 4 documents filed with the SEC. Three insiders — Terence M O’Toole, Director, Andrew L Waite, Director, and David C Baldwin, Director — disposed of 7,750,000 shares in the company having a market value of approximately $166,625,000. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 2,583,333 shares per transaction.
Today’s Insider Activity
* Terence M O’Toole, Director, sold 300,000 shares
* Andrew L Waite, Director, sold 3,725,000 shares
* David C Baldwin, Director, sold 3,725,000 shares
Significant Insider Selling in Shares of Fairmont Santrol Holdings
One insider — ASP FML Holdings, LLC, 10% Owner — today, disposed of 23,000,000 shares of Fairmont Santrol Holdings having a market value of approximately $196,362,500, as indicated in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days. The number of buy-sell trades for Fairmont Santrol Holdings is close to that of the 49 member peer company average. The Oil Related Services and Equipment peer group saw 73 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares per buy/sell trade transacted by Fairmont Santrol Holdings insiders is higher. Within the peer group there were 406,500 shares purchased and 3,030,345 shares sold with company insiders selling 35,943 shares on average. To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to compose and write this story.
Another 28 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 email@example.com.