Our Methodology

All our data comes exclusively from SEC Form 4 filings, official documents filed by insiders of US companies with the Securities and Exchange Commission (SEC).

We collect this data via OpenInsider.com, a recognized official aggregator of SEC filings. Our system performs daily scraping of transactions from the previous trading day.

Official links:

• SEC Form 4 Documentationhttps://www.sec.gov/forms
• OpenInsider (Data source)http://openinsider.com

Among thousands of daily transactions, our algorithm applies strict filters to identify potentially significant transactions:

• Transaction type: Purchases onlyWe only track PURCHASE transactions (P - Purchase). Sales are excluded as they may be motivated by personal reasons (diversification, liquidity).
• Minimum amountOnly transactions exceeding a significant threshold are retained. Symbolic or low-amount purchases are filtered out.
• Insider hierarchyTransactions are weighted according to role: CEOs and CFOs have maximum weight, followed by Presidents, VPs, and shareholders holding more than 10% of capital.
• Ownership changeThe percentage increase in shares held by the insider is analyzed. Doubling one's position is more significant than a marginal increase.
• Cluster detectionWhen multiple insiders from the same company buy simultaneously (clustering), the significance score is increased. A consensus of insiders is a quantitative factor taken into account by the algorithm.
• Market regime filterOur algorithm incorporates market indicators (bullish/bearish trends) to contextualize transactions. Insider purchases during corrections are particularly notable.

Each filtered transaction receives a score from 0 to 10 calculated by a proprietary weighting system. Here are the main factors taken into account:

Our curation pipeline is fully automated, with no human intervention in transaction selection:

• Daily (Premium Offer)Premium subscribers receive the day's Top 10, every trading day, with enriched dashboard and detailed analyses.
• Weekly (Free Offer)The free newsletter aggregates scores over 5 trading days and delivers the week's Top 10 (simplified text format).
• Zero editorial interventionNo human selects, modifies, or prioritizes transactions. The algorithm is the sole decision-maker, ensuring objectivity and reproducibility.

• Historical context onlyInsider transactions have historically been correlated with market movements, but this correlation is descriptive, not predictive. Past performance never guarantees future results.
• No performance guaranteeWe guarantee no financial results. Financial markets carry substantial risks of capital loss. Information provided may be incomplete, inaccurate, or outdated.
• User responsibilityYou are solely responsible for your investment decisions. You must conduct your own research, analysis, and due diligence before any action on financial markets.

We believe transparency is essential to building trust with our community. Here are our commitments:

• Algorithm stabilityOur algorithm is updated rarely and only for substantial improvements. Any major changes will be announced in advance to our subscribers. We maintain consistency to enable fair comparisons over time.
• Public and verifiable sourcesAll our data comes from official public sources (SEC via OpenInsider). You can always independently verify the transactions we report.
• Open contactDo you have questions about our methodology? Would you like to report an error? Don't hesitate to contact us. We respond to all legitimate clarification requests.