Michael J. Bufano

Michael J. Bufano has filed trades across 2 companies (mainly through SEC (Form 4)), most often in Panera Bread Co and Smartbird, Inc. In total, 27 filings cover trades dated from 6 August 2014 to 2 March 2023.

Both buying and selling appear: 1 purchase worth €118k, against 3 sales worth €100k. Taken together, the purchases exceed the sales by €18k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Other entries cover 22 share grants. In 2023 alone, the filings show no purchases and 1 sale.

The newest entry dates from 6 March 2023: an open-market sale of €28k, in Smartbird, Inc. The clock since the last published purchase (15 March 2022) now reads 1,684 days. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.