Insiders filed 3,775 Form 4 reports with the SEC during the week of April 1 to April 7, 2017. There were 3,550 insiders involved in these filings, reflecting activity in 1,045 companies. The vast majority of the reported activity was centered within the following transaction types: 3,573,305 discretionary share purchases; 71,360,791 discretionary share sales; 7,245,970 shares in discretionary tax sales; 50,832,215 shares granted as part of awards transactions; and 95,610,389 shares involved in options and derivative security transactions.
There were approximately 233,537,553 shares related to these transactions having a market value of approximately $2,058,978,491. “Acquired” shares in these aforementioned transactions is defined as shares retained from an award or through conversions, net of any tax sales, and discretionary purchases, and were approximately 124,360,794 shares. “Disposed” shares were approximately 126,384,191 and are defined as shares awarded and then sold as part of a single filing, and like transactions for options and derivative securities, and non-tax related discretionary sales.
Transactions by Market Value
Of the individual transactions reported 2,700 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 876 and within this insider activity were 199 transactions which individually represented over $1 million in market value. There were 130 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 189 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Medical Software & Technology Services and Application Software. Within these groups insiders acquired 23,947,302 shares and 8,741,568 shares respectively. The largest dispositions by insiders occurred in the Life & Health Insurance industry group where insiders disposed of 24,748,192 shares followed by the IT Services & Consulting industry group where insiders disposed of 15,760,851 shares.
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 info@uptickdata.com.
