Anonymous (Diretor ou Vinculado)

Anonymous (Diretor ou Vinculado) appears in our data through filings on SUL America S/A shares, published by CVM (Brazil). We count 114 filings; the first trade dates from 1 April 2019 and the latest from 23 December 2022.

Both buying and selling appear: 5 purchases worth €8.8M, against 26 sales worth €19.3M. Netting one side against the other leaves €10.5M of net selling. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The rest of the record consists of 12 option exercises.

In size, the median ticket on the buying side is €1.9M. None of the 5 purchases we analysed coincided with buying by another insider of the same company within 30 days.

The record was last updated on 10 January 2023 with a transaction in SUL America S/A. The last purchase on record was published on 8 December 2022, which is 1,431 days ago. Typically, a trade is published a median of 18 days after it takes place. That lag is the time during which only the insider knows about the trade. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from CVM (Brazil). Past trades are no guide to future returns.