Katharina Otto-Bernstein

Filings by Katharina Otto-Bernstein span 3 companies, the busiest being Retail Value Inc., Paramount Group, Inc. and SITE Centers Corp. In total, 51 filings cover trades dated from 22 November 2016 to 20 September 2022.

Market trades split into 7 purchases (€10.1M) and 43 sales (€31.6M). Taken together, the sales exceed the purchases by €21.5M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. In 2022 alone, the filings show no purchases and 1 sale.

In size, the median ticket on the buying side is €1.3M. 1 out of 7 purchases came within 30 days of a purchase by at least one other insider of the same company. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time.

On 22 September 2022 came the latest disclosure, an open-market sale for €154k in Retail Value Inc. The most recent open-market purchase was published on 17 March 2020, 2,411 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. The legal deadline for a Form 4 is two business days after the transaction. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.