Terry Lee Brubaker

Terry Lee Brubaker has filed trades across 3 companies (mainly through SEC (Form 4)), most often in Gladstone Commercial Corp, Gladstone Investment Corporation\de and Gladstone Capital Corp. Between 26 September 2006 and 23 March 2020, the trades on record add up to 137 filings.

Market trades split into 17 purchases (€1.1M) and 87 sales (€7.2M). Taken together, the sales exceed the purchases by €6.1M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Other entries cover 3 share grants and 30 option exercises. 2020 to date brings 3 purchases and no sales.

A typical purchase (the median) is worth €17k. On 3 out of 3 purchases, another insider of the same company was buying within the same 30 days. Purchases made close together by different insiders form what is called a cluster. For 13 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 77% of cases, with a median move of +7.0%. This is a record of the past, not a forecast.

On 24 March 2020 came the latest disclosure, an open-market purchase for €16k in Gladstone Investment Corporation\de. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.