Robert G. Shepler

Robert G. Shepler, listed as board member, has filed trades across 2 companies (mainly through SEC (Form 4)), most often in LDR Holding Corp and Akoya Biosciences, Inc. We count 92 filings; the first trade dates from 15 October 2013 and the latest from 13 March 2024.

The open-market side counts 7 purchases for €1.5M alongside 75 sales for €22.5M. The net balance comes to €21.0M on the selling side. Unlike grants, an open-market purchase is paid for by the insider, at the market price.

A typical purchase (the median) is worth €161k. On 1 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.

On 14 March 2024 came the latest disclosure, a transaction in Akoya Biosciences, Inc. The clock since the last published purchase (12 June 2023) now reads 1,246 days. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.