Berardino Paolucci

Berardino Paolucci discloses dealings in Novus Robotics Inc. to SEC (Form 4). Over a trading history stretching from 8 August 2014 to 12 June 2017, the count stands at 10 filings.

In open-market terms, that means 3 purchases worth €45k on one side and 4 sales worth €1,785 on the other. Purchases outweigh sales by €43k. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. In 2017 alone, the filings show no purchases and 4 sales.

A typical purchase (the median) is worth €22k. On 3 out of 3 purchases, another insider of the same company was buying within the same 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. Looking at 3 purchases old enough to measure, the stock rose over the following 90 days in 0% of cases; the median change was -62.9%. Past outcomes like these are no guarantee of what comes next.

On 19 June 2017 came the latest disclosure, an open-market sale for €621 in Novus Robotics Inc. The clock since the last published purchase (17 March 2016) now reads 3,888 days. Filings reach the SEC (Form 4) feed a median of 9 days after the trade. 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. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.