Jeremy Schwartz

Jeremy Schwartz discloses dealings in WisdomTree, Inc. to SEC (Form 4). We count 9 filings; the first trade dates from 23 November 2018 and the latest from 12 March 2020.

Every open-market trade on record is a purchase: 4 purchases worth €168k, and no sale. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The rest of the record consists of 5 share grants. In 2020 alone, the filings show 2 purchases and no sales.

The median purchase comes to €42k. Clusters matter here: 2 out of 4 purchases overlapped with buying by a colleague within 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. For 4 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 75% of cases, with a median move of +3.5%. This is a record of the past, not a forecast.

The newest entry dates from 13 March 2020: an open-market purchase of €41k, in WisdomTree, Inc. Typically, a trade is published a median of 3 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.