Walter H. Wilkinson

Walter H. Wilkinson, listed as board member, has filed trades across 6 companies (mainly through SEC (Form 4)), most often in RF Micro Devices Inc, Qorvo, Inc. and Gladstone Investment Corporation\de. Over a trading history stretching from 28 April 2006 to 6 February 2023, the count stands at 53 filings.

On the open market, the record shows 9 purchases worth €423k and 18 sales worth €6.3M. On balance, insiders were net sellers of €5.9M. 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 13 share grants and 11 option exercises. In 2023 alone, the filings show 1 purchase and no sales.

Half of the purchases are above €47k and half below. Of 5 purchases, 2 formed part of a group of insiders buying within 30 days of each other. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. For 7 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 29% of cases, with a median move of -1.7%. This is a record of the past, not a forecast.

On 7 February 2023 came the latest disclosure, an open-market purchase for €47k in Gladstone Investment Corporation\de. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 1 day. Section 16 rules allow two business days to file each Form 4. 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.