Insider trading activity processed with the SEC today revealed 851 Form 4 filings. These transactions represented activity in 275 companies and came from 815 insiders. Individual transactions totaling over $1 million in market value occurred in 44 of these filings. There were 6 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 7 individual insiders with transactions that were greater than $1 million.
There were 228 companies in the Russell 3000 index representing 665 individuals reporting insider activity. Included in this activity, were high value transactions that represented 7 individuals in 6 companies and involving $8,628,566 in market value. This activity was significantly below the average for the last week and month, and came from discretionary sales of 222,500 shares.
Among the most significant insider transactions for the day:
Continued Level of Significant Insider Selling at Extra Space Storage (EXR)
An insider — Spencer Kirk, Director — disposed of 20,000 shares of Extra Space Storage having a market value of approximately $1,532,906 today, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 2,000 company shares and the sale of 20,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 38,000 shares and have averaged 14,000 shares per transaction over this time period. Over the last 90 days, the number of insider buy/sell trades at Extra Space Storage is higher than its 5-company peer group average. The Self-Storage REITs peer group saw 5 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by Extra Space Storage insiders is lower than its peers. Within the peer group there were 72,563 shares purchased and 20,000 shares sold with company insiders having bought 13,141 shares on average over this time period. For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
Another 4 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.