Michael I. Schaffer

Michael I. Schaffer is a declared insider of Psychemedics Corp (senior executive), with filings sourced from SEC (Form 4). The record holds 69 filings, for trades running from 11 May 2006 to 22 May 2023.

In open-market terms, that means 3 purchases worth €47k on one side and 10 sales worth €408k on the other. On balance, insiders were net sellers of €361k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 53 share grants and 3 option exercises.

Half of the purchases are above €1,770 and half below. Of 3 purchases, 1 formed part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster.

The record was last updated on 24 May 2023 with a share grant (€1,710) in Psychemedics Corp. The last purchase on record was published on 20 December 2022, which is 1,404 days ago. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.