The SEC saw 565 Form 4 filings processed today. These transactions reflected activity in 197 companies and came from 554 insiders. Individual filings where there was more than $1 million in market value represented, occurred in 59 filings. Companies with aggregate market value transactions of over $1 million numbered 17, and within these companies there were 41 individual insiders surpassing the high value threshold.
Within the S&P 500 index there were 49 companies reporting insider trades which included 174 individuals. This activity was substantially below the average for the month and very much beneath that of preceding week. Included in this activity, were high value transactions that involved 15 individuals in 7 companies, reflecting $59,423,462 in market value, and came from discretionary purchases of 75,000 shares and discretionary sales of 403,745 shares.
Among the most significant insider transactions for the day:
Overstock.Com (OSTK) Insider Make Significant Share Sale
A Overstock.Com insider Fairfax Financial Holdings Ltd 10% Owner, today, disposed of 2,487,164 shares having a market value of approximately $39,834,542, as indicated in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 903,669 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 3,390,833 shares and have averaged 847,708 shares per transaction over this time period.
The number of insider buy/sell trades at Overstock.Com is higher than the 15 peer company average over the last 90-day period. The E-commerce & Auction Services peer group saw 24 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Overstock.Com insiders was also higher. Within the peer group there were 173,549 shares purchased and 1,903,669 shares sold with company insiders selling 72,088 shares on average. Insider buying and selling activity that is significant 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 creating and writing this story.
Another 15 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.