High-conviction buys: 5+ insiders moving together

Updated: Aug 23, 10:41 AM ET

Over the last 14 days, 8 companies had open-market purchases from 5 or more distinct insiders at once — a rarer, higher-conviction signal than the 3-insider threshold.

At CDNL, 7 insiders moved together, buying a combined $17,078,664 — the largest participation among companies meeting this condition.

8 companies

CDNL

7 insiders$17,078,664

Cardinal Infrastructure Group Inc

Name	Shares	Avg. Price	Stake Change	Date
Spivey Jeremy Simmons	166,700	$38.19	+170.2%p	8/14
Wood Anthony Leon Jr.	102,800	$39.45	+100.0%p	8/14
Lee Richard Melvin Jr.	68,000	$37.16	+78.8%p	8/14

Spivey Jeremy Simmons

166,700 shares · $38.19 · +170.2%p · August 14 (last week)

Wood Anthony Leon Jr.

102,800 shares · $39.45 · +100.0%p · August 14 (last week)

Lee Richard Melvin Jr.

68,000 shares · $37.16 · +78.8%p · August 14 (last week)

Show 4 more insiders

Wood Benjamin	51,400	$39.49	+68.1%p	8/14
Zelman Ivy	25,294	$39.61	+62.5%p	8/14
Wimmer Richard Bennett	15,000	$39.13	+34.3%p	8/17
Rowe Michael Bruce Jr.	14,000	$36.53	+100.0%p	8/14

Wood Benjamin

51,400 shares · $39.49 · +68.1%p · August 14 (last week)

Zelman Ivy

25,294 shares · $39.61 · +62.5%p · August 14 (last week)

Wimmer Richard Bennett

15,000 shares · $39.13 · +34.3%p · August 17 (last week)

Rowe Michael Bruce Jr.

14,000 shares · $36.53 · +100.0%p · August 14 (last week)

View CDNL details

ACON

6 insiders$251,341

Aclarion Inc

Name	Shares	Avg. Price	Stake Change	Date
Bond Ryan	42,244	$2.37	+38.4%p	8/13
Gould Gregory A	20,000	$2.45	+20.0%p	8/14
Neal David K	15,000	$2.40	+33.3%p	8/13

Bond Ryan

42,244 shares · $2.37 · +38.4%p · August 13 (2 weeks ago)

Gould Gregory A

20,000 shares · $2.45 · +20.0%p · August 14 (last week)

Neal David K

15,000 shares · $2.40 · +33.3%p · August 13 (2 weeks ago)

Show 3 more insiders

Williams Amanda M	11,714	$2.73	+29.3%p	8/17
Ness Brent	10,468	$2.31	+4.9%p	8/13
Wesemann William	4,300	$2.34	+10.0%p	8/13

Williams Amanda M

11,714 shares · $2.73 · +29.3%p · August 17 (last week)

Ness Brent

10,468 shares · $2.31 · +4.9%p · August 13 (2 weeks ago)

Wesemann William

4,300 shares · $2.34 · +10.0%p · August 13 (2 weeks ago)

View ACON details

AMRZ

6 insiders$1,912,624

Amrize AG

Name	Shares	Avg. Price	Stake Change	Date
Oran Baris	12,000	$47.26	+100.0%p	8/12
Clark Stephen S	10,520	$47.31	+97.8%p	8/11
Gross Mario	7,136	$46.50	+9.2%p	8/11

Oran Baris

12,000 shares · $47.26 · +100.0%p · August 12 (2 weeks ago)

Clark Stephen S

10,520 shares · $47.31 · +97.8%p · August 11 (2 weeks ago)

Gross Mario

7,136 shares · $46.50 · +9.2%p · August 11 (2 weeks ago)

Show 3 more insiders

Poletti Samuel Jonas	5,020	$46.92	+32.8%p	8/17
Hill Jaime	3,000	$47.12	+5.3%p	8/11
Brouwer Roald	3,000	$46.36	+7.5%p	8/11

Poletti Samuel Jonas

5,020 shares · $46.92 · +32.8%p · August 17 (last week)

Hill Jaime

3,000 shares · $47.12 · +5.3%p · August 11 (2 weeks ago)

Brouwer Roald

3,000 shares · $46.36 · +7.5%p · August 11 (2 weeks ago)

View AMRZ details

BLSM

6 insiders$85,284,800

Name	Shares	Avg. Price	Stake Change	Date
Chen Bihua	2,187,500	$16.00	+9.5%p	8/10
ORBIMED ADVISORS LLC	1,875,000	$16.00	+29.9%p	8/10
GORDON CARL L	1,250,000	$16.00	+29.9%p	8/10

Chen Bihua

2,187,500 shares · $16.00 · +9.5%p · August 10 (2 weeks ago)

ORBIMED ADVISORS LLC

1,875,000 shares · $16.00 · +29.9%p · August 10 (2 weeks ago)

GORDON CARL L

1,250,000 shares · $16.00 · +29.9%p · August 10 (2 weeks ago)

Show 3 more insiders

Schmid John P.	12,000	$16.00	+100.0%p	8/10
Liptak Vincent Paul	4,400	$16.00	+2.0%p	8/10
Keyes Jason A	1,400	$16.00	+100.0%p	8/10

Schmid John P.

12,000 shares · $16.00 · +100.0%p · August 10 (2 weeks ago)

Liptak Vincent Paul

4,400 shares · $16.00 · +2.0%p · August 10 (2 weeks ago)

Keyes Jason A

1,400 shares · $16.00 · +100.0%p · August 10 (2 weeks ago)

View BLSM details

PNAQ

6 insiders$59,600,000

Name	Shares	Avg. Price	Stake Change	Date
Hudson Steven Kenneth	2,950,000	$10.00	+100.0%p	8/10
RECHTSCHAFFEN ANDREW	2,450,000	$10.00	+100.0%p	8/10
PAC Sponsor, LLC	450,000	$10.00	+100.0%p	8/10

Hudson Steven Kenneth

2,950,000 shares · $10.00 · +100.0%p · August 10 (2 weeks ago)

RECHTSCHAFFEN ANDREW

2,450,000 shares · $10.00 · +100.0%p · August 10 (2 weeks ago)

PAC Sponsor, LLC

450,000 shares · $10.00 · +100.0%p · August 10 (2 weeks ago)

Show 3 more insiders

Stoyan Paul J.	70,000	$10.00	+100.0%p	8/10
Brandler Harry	20,000	$10.00	+100.0%p	8/10
Martin Karen Lynne	20,000	$10.00	+100.0%p	8/10

Stoyan Paul J.

70,000 shares · $10.00 · +100.0%p · August 10 (2 weeks ago)

Brandler Harry

20,000 shares · $10.00 · +100.0%p · August 10 (2 weeks ago)

Martin Karen Lynne

20,000 shares · $10.00 · +100.0%p · August 10 (2 weeks ago)

View PNAQ details

CODI

5 insiders$3,980,457

Compass Diversified Holdings

Name	Shares	Avg. Price	Stake Change	Date
ENTERLINE LARRY L	134,228	$12.42	+204.1%p	8/13
RICHTER GLENN R	76,102	$13.14	+100.0%p	8/14
Sawtelle Zachary T.	64,000	$12.22	+12.4%p	8/13

ENTERLINE LARRY L

134,228 shares · $12.42 · +204.1%p · August 13 (2 weeks ago)

RICHTER GLENN R

76,102 shares · $13.14 · +100.0%p · August 14 (last week)

Sawtelle Zachary T.

64,000 shares · $12.22 · +12.4%p · August 13 (2 weeks ago)

Show 2 more insiders

SHAFFER TERI	23,762	$12.25	+900.1%p	8/12
Keller Stephen	20,000	$12.01	+23.9%p	8/12

SHAFFER TERI

23,762 shares · $12.25 · +900.1%p · August 12 (2 weeks ago)

Keller Stephen

20,000 shares · $12.01 · +23.9%p · August 12 (2 weeks ago)

View CODI details

DKL

5 insiders$1,500,000

Delek Logistics Partners Common Units

Name	Shares	Avg. Price	Stake Change	Date
Yemin Ezra Uzi	12,000	$50.00	+3.7%p	8/13
Hobbs Mark Wayne	8,000	$50.00	+19.9%p	8/13
Soreq Avigal	5,000	$50.00	+3.0%p	8/13

Yemin Ezra Uzi

12,000 shares · $50.00 · +3.7%p · August 13 (2 weeks ago)

Hobbs Mark Wayne

8,000 shares · $50.00 · +19.9%p · August 13 (2 weeks ago)

Soreq Avigal

5,000 shares · $50.00 · +3.0%p · August 13 (2 weeks ago)

Show 2 more insiders

Wright Robert G.	3,000	$50.00	+23.1%p	8/13
Spiegel Reuven	2,000	$50.00	+3.5%p	8/13

Wright Robert G.

3,000 shares · $50.00 · +23.1%p · August 13 (2 weeks ago)

Spiegel Reuven

2,000 shares · $50.00 · +3.5%p · August 13 (2 weeks ago)

View DKL details

KMPR

5 insiders$735,760

Kemper Corp

Name	Shares	Avg. Price	Stake Change	Date
Gorevic Jason N	10,000	$25.91	+18.7%p	8/10
LADERMAN GERALD	8,000	$26.49	+13.6%p	8/11
McAnena Stephen J	6,000	$26.50	+10.7%p	8/13

Gorevic Jason N

10,000 shares · $25.91 · +18.7%p · August 10 (2 weeks ago)

LADERMAN GERALD

8,000 shares · $26.49 · +13.6%p · August 11 (2 weeks ago)

McAnena Stephen J

6,000 shares · $26.50 · +10.7%p · August 13 (2 weeks ago)

Show 2 more insiders

Evans Carl Thomas Jr.	2,000	$26.53	+1.1%p	8/11
Camden Bradley T	2,000	$26.34	+2.0%p	8/11

Evans Carl Thomas Jr.

2,000 shares · $26.53 · +1.1%p · August 11 (2 weeks ago)

Camden Bradley T

2,000 shares · $26.34 · +2.0%p · August 11 (2 weeks ago)

View KMPR details

Calculation criteria

· Target transactions: SEC Form 4 code P (open-market purchase)
· Observation window: last 14 days
· Threshold: 5+ distinct insiders
· Excluded: option exercises (M), stock grants (A), tax-withholding dispositions (F)
· Updated: Aug 23, 10:41 AM ET

Glossary

SEC Form 4 transaction code P: an open-market purchase made by the insider with their own funds.

Option exercises (M), stock grants (A), and tax-withholding dispositions (F) are not counted as buys.

This page is a mechanical aggregation of SEC Form 4 filings. It is not investment advice or a buy/sell recommendation. Insider trading data and daily stock chart (OHLCV) data are not guaranteed to be accurate or up to date — please do not rely on them blindly, and always verify against the original source (e.g. SEC EDGAR) before acting. Investment decisions are your own responsibility and should be made carefully; we accept no legal liability whatsoever for any loss arising from the use of this information.

CDNL ACON AMRZ BLSM PNAQ CODI DKL KMPR

High-conviction buys: 5+ insiders moving together

Calculation criteria

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