There were 3,459 Form 4 filings recorded with the SEC during the week of May 6 to May 12, 2017. These filings represented 3,181 insiders and reflected 1,060 companies. Most of this reported activity involved the following reporting categories: 13,969,972 discretionary share purchases; 206,284,114 discretionary share sales; 5,435,859 shares in discretionary tax sales; 128,059,494 shares granted as part of awards transactions; and 430,045,489 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $6,596,359,328 and reflected activity involving approximately 715,115,525 shares. “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 371,016,803 shares. “Disposed” shares were approximately 311,657,372 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 1,782 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 1,316 while, individual transactions totaling over $1 million in market value occurred in 361 of these filings. There were 229 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 335 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Wealth Management and Gyms, Fitness and Spa Centers. Within these groups insiders acquired 101,500,000 shares and 80,865,987 shares respectively. The largest dispositions by insiders occurred in the Gyms, Fitness and Spa Centers industry group where insiders disposed of 80,865,987 shares followed by the IT Services & Consulting industry group where insiders disposed of 77,073,500 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 firstname.lastname@example.org.