Todd Buchardt

Filings by Todd Buchardt span 2 companies, the busiest being Cambium Learning Group, Inc. and Voyager Learning Co. We count 9 filings; the first trade dates from 8 December 2009 and the latest from 10 June 2014.

On the open market, the record shows 1 purchase worth €10k and 5 sales worth €49k. Taken together, the sales exceed the purchases by €39k. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 1 share grant and 1 option exercise. So far in 2014, the count stands at no purchases and 5 sales.

On 11 June 2014 came the latest disclosure, an open-market sale for €39k in Cambium Learning Group, Inc. The clock since the last published purchase (20 May 2010) now reads 6,001 days. The median gap between a trade and its publication by SEC (Form 4) is 2 days. 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.