Frank E. Walsh III

Frank E. Walsh III has filed trades across 3 companies (mainly through SEC (Form 4)), most often in Acacia Research Corp, 1st Constitution Bancorp and Veritone, Inc. The record holds 48 filings, for trades running from 24 March 2006 to 29 June 2018.

No open-market sale appears; the market trades are 26 purchases worth €1.5M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The rest of the record consists of 14 share grants and 7 option exercises.

A typical purchase (the median) is worth €40k. On 16 out of 20 purchases, another insider of the same company was buying within the same 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. Ninety days after publication, 20 purchases show a median change of +22.3%, with the price up in 75% of them. This is a record of the past, not a forecast.

On 3 July 2018 came the latest disclosure, a share grant in Veritone, Inc. The most recent open-market purchase was published on 19 September 2017, 3,338 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. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.