Richard M. Frank

Richard M. Frank is a declared insider at 2 companies (board member); the most frequent names are CEC Entertainment Inc and Westwood Holdings Group Inc. Between 10 February 2006 and 20 May 2024, the trades on record add up to 121 filings.

The open-market side counts 15 purchases for €718k alongside 26 sales for €23.9M. Netting one side against the other leaves €23.2M of net selling. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Besides market trades, the filings include 57 share grants and 11 option exercises.

In size, the median ticket on the buying side is €22k. Clusters matter here: 6 out of 7 purchases overlapped with buying by a colleague within 30 days. Purchases made close together by different insiders form what is called a cluster. Looking at 11 purchases old enough to measure, the stock rose over the following 90 days in 45% of cases; the median change was -3.0%. These figures describe past trades and do not predict future prices.

On 20 May 2024 came the latest disclosure, a share grant in Westwood Holdings Group Inc. The last purchase on record was published on 1 December 2021, which is 1,788 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. For comparison, the SEC allows two business days to file a Form 4. 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.