Terry Rich

Terry Rich discloses dealings in 2 companies, chiefly Wright Medical Group N.V. and Alphatec Holdings, Inc. The record holds 24 filings, for trades running from 12 March 2012 to 30 July 2018.

Both buying and selling appear: 3 purchases worth €19k, against 9 sales worth €279k. Netting one side against the other leaves €260k of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The rest of the record consists of 9 share grants and 3 option exercises.

The median purchase comes to €4,258. Clusters matter here: 2 out of 3 purchases overlapped with buying by a colleague within 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. After 3 purchases with a full 90-day history, the hit rate stands at 67% and the median 90-day move at +45.7%. These figures describe past trades and do not predict future prices.

The record was last updated on 1 August 2018 with a share grant in Alphatec Holdings, Inc. The latest purchase dates back some time: it was published 3,360 days ago, on 28 August 2017. Typically, a trade is published a median of 2 days after it takes place. 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. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.