Gerald A. Michaud

Gerald A. Michaud is a declared insider of Horizon Technology Finance Corp (chief executive), with filings sourced from SEC (Form 4). The record holds 15 filings, for trades running from 17 March 2016 to 25 November 2024.

Purchases make up the whole of the open-market record (15 purchases, €941k). A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Since January 2024: 2 purchases and no sales on the market.

In size, the median ticket on the buying side is €39k. Clusters matter here: 11 out of 15 purchases overlapped with buying by a colleague within 30 days. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. Ninety days after publication, 15 purchases show a median change of +4.5%, with the price up in 73% of them. This is a record of the past, not a forecast.

Most recently, on 2 December 2024, the filings show an open-market purchase worth €71k in Horizon Technology Finance Corp. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. For comparison, the SEC allows two business days to file a Form 4. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.