CluenexGlossary · Insiders and Congress
Form 4
The filing a company insider must send the SEC within two business days of buying or selling the company’s shares.
Why it matters
It is the fastest official record of what the people running a company do with their own money.
How to read it
Look at the transaction code: P is an open market purchase, S a sale. Awards and option exercises are pay, not a view on the stock.
Related
Insider activityShares bought or sold by a company’s own executives and directors, from SEC Form 4 filings.Planned sale (10b5-1)A sale scheduled months in advance under an SEC Rule 10b5-1 trading plan.Cluster buyTwo or more insiders buying the same company’s shares on the open market within a short period.
In the Cluenex app, this explanation opens next to every form 4 figure, with the live reading for the stock you are looking at. Open it in Cluenex