Edgar Lee

Filings by Edgar Lee span 3 companies, the busiest being Charter Communications, Inc. /MO/, Fifth Street Senior Floating Rate Corp. and Oaktree Specialty Lending Corp. Between 25 April 2011 and 15 December 2017, the trades on record add up to 27 filings.

Both buying and selling appear: 5 purchases worth €91k, against 15 sales worth €981.6M. Netting one side against the other leaves €981.5M of net selling. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 5 share grants. So far in 2017, the count stands at 5 purchases and no sales.

A typical purchase (the median) is worth €18k. Clusters matter here: 5 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.

The latest filing, published on 19 December 2017, reports an open-market purchase of €248 in Fifth Street Senior Floating Rate Corp. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 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. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.