Michael J. Downs

Filings by Michael J. Downs span 2 companies, the busiest being STR Sub Inc. and Sitio Royalties Corp. We count 3 filings; the first trade dates from 12 May 2021 and the latest from 7 June 2022.

None of the filings is a plain purchase or sale on the open market; they cover grants, option exercises and other movements. Compensation-driven entries like these are tracked, but they say little about how insiders judge the share price.

The latest filing, published on 9 June 2022, reports an option exercise in Sitio Royalties Corp. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. Section 16 rules allow two business days to file each Form 4. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.