The SEC reported 438 Form 4 filings today. This activity came from 428 insiders representing 202 companies. Individual filings where there was more than $1 million in market value represented, occurred in 52 filings. Companies with aggregate market value transactions of over $1 million numbered 27, and within these companies there were 56 individual insiders surpassing the high value threshold.
There were 28 companies in the S&P 500 index representing 56 individuals reporting insider activity. This level of activity was very much lower than the average for the 30 days and meaningfully lower than that of last 5 days. Included in this activity, were high value transactions representing 15 individuals in 5 companies, involving $71,950,093 in market value, and came from discretionary sales of 570,277 shares.
Among the most significant insider transactions for the day:
Insider Selling at TRI Pointe Group (TPH) is Significant
One insider — Barry S Sternlicht, Director — today, sold 11,985,905 shares of TRI Pointe Group having a market value of approximately $152,940,148, as indicated in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days. Insiders at TRI Pointe Group have a lower number of buy/sell transactions than the 9-peer company average over the last 90-day period.
The Residential Builders – Single Homes peer group saw 16 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares per buy/sell trade for TRI Pointe Group is higher. Within the peer group there were 26,570 shares purchased and 338,093 shares sold with company insiders selling 19,470 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 obtained to create and write this story.
Another 24 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.