Thomas Klein

Thomas Klein discloses dealings in 4 companies, chiefly Sabre Corp, Sabre Holdings Corp and Cedar Fair l P. We count 89 filings; the first trade dates from 14 January 2006 and the latest from 2 January 2020.

In open-market terms, that means 22 purchases worth €2.5M on one side and 28 sales worth €46.2M on the other. Sales outweigh purchases by €43.8M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The rest of the record consists of 17 share grants and 17 option exercises.

A typical purchase (the median) is worth €22k. Clusters matter here: 1 out of 5 purchases overlapped with buying by a colleague within 30 days. Purchases made close together by different insiders form what is called a cluster. Ninety days after publication, 12 purchases show a median change of +4.1%, with the price up in 67% of them. Past outcomes like these are no guarantee of what comes next.

The latest filing, published on 6 January 2020, reports a share grant in Playa Hotels & Resorts N.V. The latest purchase dates back some time: it was published 2,908 days ago, on 6 November 2018. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.