About
The Insider Report is a daily brief on Form 4 filings: who inside a public company is buying or selling its stock, how much, and whether it means anything.
Corporate officers, directors, and ten-percent shareholders must report their trades in their own company’s stock to the SEC, usually within two business days, on a Form 4. Those filings are public, free, and legally required to be accurate. They are also produced at a rate that makes them almost impossible to read.
Tens of thousands are filed every year. The overwhelming majority are meaningless — scheduled sales, option exercises, tax withholding, and routine grants. The interesting ones are buried in that volume, which is exactly why they stay interesting.
Insider selling is noisy. People sell for reasons that have nothing to do with their view of the business: buying a house, paying a tax bill, diversifying a position that has become most of their net worth, or following a pre-arranged 10b5-1 plan set up months earlier.
Insider buying is quieter and harder to explain away. An officer purchasing shares on the open market, with their own money, at market price, has taken a position that only pays off if the business does well. It is not proof of anything — insiders are wrong all the time — but it is a different kind of signal, and it is where we spend most of our attention.
Each weekday we take the filings that are worth a second look and explain the context a raw filing does not give you: what the person’s role is, how the purchase compares to their existing holding and their compensation, whether others at the company did the same thing in the same window, and what was happening at the business at the time.
We work from the filings themselves and from company disclosures. We do not take payment to feature a company as though it were editorial.
We are not an investment adviser, a broker-dealer, or a financial planner, and we are not licensed to tell you what to do with your money. We publish general commentary written without any knowledge of your circumstances. Nothing here is a recommendation, and an insider buying a stock is not a reason for you to buy it.
We also do not publish rumours, unfiled information, or anything sourced from someone’s private knowledge of a company. Everything we cover is a public filing. Trading on material non-public information is a crime, and this publication has no interest in being anywhere near it.
We take advertising and we label it. Where we have been paid by, or hold a position connected to, a company in an issue, that issue says so at the top. When we get something wrong we correct it in the next issue and say what changed.
The Insider Report is published by Highgraph Marketing LLC.
Highgraph Marketing LLCEditorial questions, corrections, and press enquiries: support@theinsiderreport.net.