Ascribe Capital LLC

Filings by Ascribe Capital LLC span 3 companies, the busiest being Basic Energy Services Inc, Nuverra Environmental Solutions, Inc. and Forbes Energy Services Ltd. Over a trading history stretching from 18 January 2017 to 16 April 2020, the count stands at 37 filings.

In open-market terms, that means 17 purchases worth €5.1M on one side and 18 sales worth €36.6M on the other. Netting one side against the other leaves €31.5M of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Besides market trades, the filings include 1 share grant. So far in 2020, the count stands at no purchases and 1 sale.

Half of the purchases are above €190k and half below. On 9 out of 16 purchases, another insider of the same company was buying within the same 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase.

The newest entry dates from 20 April 2020: a transaction, in Forbes Energy Services Ltd. The most recent open-market purchase was published on 6 June 2019, 2,696 days ago. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.