Michael J. Grainger

Michael J. Grainger, listed as board member, appears in our data through filings on Scansource, Inc. shares, published by SEC (Form 4). Over a trading history stretching from 8 December 2006 to 26 August 2022, the count stands at 37 filings.

On the open market, the record shows 6 purchases worth €391k and 6 sales worth €889k. Netting one side against the other leaves €498k 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. Outside the open market, there are 17 share grants and 3 option exercises.

Half of the purchases are above €55k and half below. Clusters matter here: 1 out of 5 purchases overlapped with buying by a colleague within 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. After 5 purchases with a full 90-day history, the hit rate stands at 40% and the median 90-day move at -2.4%. These figures describe past trades and do not predict future prices.

The latest filing, published on 30 August 2022, reports a share grant of €152k in Scansource, Inc. The latest purchase dates back some time: it was published 2,053 days ago, on 26 March 2021. Typically, a trade is published a median of 1 day after it takes place. 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.