Luis Martin Rodríguez-Mariátegui Canny

Luis Martin Rodríguez-Mariátegui Canny discloses dealings in Karmin Exploration Inc. to SEDI. Over a trading history stretching from 20 March 2017 to 20 December 2019, the count stands at 9 filings.

In open-market terms, that means 1 purchase worth €43k on one side and 6 sales worth €64k on the other. Netting one side against the other leaves €21k of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Other entries cover 1 option exercise. Since January 2019: 1 purchase and 1 sale on the market.

The latest filing, published on 23 December 2019, reports a transaction in Karmin Exploration Inc. The clock since the last published purchase (14 October 2019) now reads 2,568 days. Between a trade and the moment it shows up on SEDI, the median delay is 4 days. That lag is the time during which only the insider knows about the trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEDI. Past trades are no guide to future returns.