Lewis Jaffe

Lewis Jaffe, listed as board member, has filed trades across 3 companies (mainly through SEC (Form 4)), most often in Fitlife Brands, Inc., Reed's, Inc. and Benihana Inc. The record holds 33 filings, for trades running from 9 September 2009 to 4 February 2022.

In open-market terms, that means 1 purchase worth €9,005 on one side and 5 sales worth €332k on the other. Netting one side against the other leaves €323k of net selling. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 19 share grants and 5 option exercises.

The latest filing, published on 5 May 2022, reports a share grant in Reed's, Inc. The last purchase on record was published on 29 October 2019, which is 2,567 days ago. The median gap between a trade and its publication by SEC (Form 4) is 5 days. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.