Bank First Corporation
US ˙ NasdaqCM ˙ US06211J1007

Introduction

This page provides a comprehensive analysis of the known insider trading history of Ansay Michael G.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Ansay Michael G. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:BFC / Bank First Corporation Director 42,730
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Ansay Michael G.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases BFC / Bank First Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BFC / Bank First Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2019-04-23 BFC Ansay Michael G. 80 62.0000 80 62.0000 4,960 50 76.0000 1,120 22.58
2019-01-29 BFC Ansay Michael G. 103 47.9400 103 47.9400 4,938
2018-11-01 BFC Ansay Michael G. 75 52.2500 75 52.2500 3,919

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BFC / Bank First Corporation Insider Trades
Insider Sales BFC / Bank First Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BFC / Bank First Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2020-02-24 BFC Ansay Michael G. 9,270 63.0100 9,270 63.0100 584,103 21 45.3700 -163,522 -28.00
2020-02-20 BFC Ansay Michael G. 100 63.5000 100 63.5000 6,350
2020-02-18 BFC Ansay Michael G. 724 63.5200 724 63.5200 45,988
2020-02-14 BFC Ansay Michael G. 500 63.7600 500 63.7600 31,880
2020-02-13 BFC Ansay Michael G. 1,500 63.4900 1,500 63.4900 95,235
2019-12-31 BFC Ansay Michael G. 229 70.0000 229 70.0000 16,030
2019-12-23 BFC Ansay Michael G. 364 70.0000 364 70.0000 25,480
2019-12-18 BFC Ansay Michael G. 2,493 69.0000 2,493 69.0000 172,017
2019-12-17 BFC Ansay Michael G. 3,934 69.1400 3,934 69.1400 271,997
2019-12-16 BFC Ansay Michael G. 1,101 69.0000 1,101 69.0000 75,969
2019-12-13 BFC Ansay Michael G. 500 69.0000 500 69.0000 34,500
2019-11-29 BFC Ansay Michael G. 2,959 69.4500 2,959 69.4500 205,503
2019-11-27 BFC Ansay Michael G. 1,700 69.0900 1,700 69.0900 117,453
2019-08-20 BFC Ansay Michael G. 241 55.5500 241 55.5500 13,388
2019-08-20 BFC Ansay Michael G. 83 55.5000 83 55.5000 4,606
2019-08-20 BFC Ansay Michael G. 102 55.1800 102 55.1800 5,628
2019-08-20 BFC Ansay Michael G. 120 55.0700 120 55.0700 6,608
2019-08-20 BFC Ansay Michael G. 1,003 55.0500 1,003 55.0500 55,215
2019-08-20 BFC Ansay Michael G. 600 55.0000 600 55.0000 33,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BFC / Bank First Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Ansay Michael G. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2023-03-07 2023-03-07 4 BFC Bank First Corp
Common Stock 		A - Award 687 42,730 1.63 80.17 55,077 3,425,664
2022-03-08 2022-03-04 4 BFC Bank First Corp
Common Stock 		A - Award 646 42,043 1.56 69.73 45,046 2,931,658
2021-03-05 2021-03-03 4 BFC Bank First Corp
Common Stock 		A - Award 634 41,397 1.56 71.04 45,039 2,940,843
2020-03-19 2020-03-17 4 BFC Bank First Corp
Common Stock 		A - Award 1,406 40,178 3.63 47.32 66,532 1,901,223
2020-03-04 2020-03-02 4 BFC Bank First Corp
Common Stock 		A - Award 732 38,772 1.92 61.49 45,011 2,384,090
2020-02-24 2020-02-24 4 BFC Bank First Corp
Common Stock 		S - Sale -9,270 38,040 -19.59 63.01 -584,103 2,396,900
2020-02-20 2020-02-20 4 BFC Bank First Corp
Common Stock 		S - Sale -100 47,310 -0.21 63.50 -6,350 3,004,185
2020-02-20 2020-02-18 4 BFC Bank First Corp
Common Stock 		S - Sale -724 47,410 -1.50 63.52 -45,988 3,011,483
2020-02-18 2020-02-14 4 BFC Bank First Corp
Common Stock 		S - Sale -500 48,134 -1.03 63.76 -31,880 3,069,024
2020-02-18 2020-02-13 4 BFC Bank First Corp
Common Stock 		S - Sale -1,500 48,634 -2.99 63.49 -95,235 3,087,773
2020-01-03 2019-12-31 4 BFC Bank First Corp
Common Stock 		S - Sale -229 50,134 -0.45 70.00 -16,030 3,509,380
2019-12-26 2019-12-23 4 BFC Bank First Corp
Common Stock 		S - Sale -364 50,363 -0.72 70.00 -25,480 3,525,410
2019-12-18 2019-12-18 4 BFC Bank First Corp
Common Stock 		S - Sale -2,493 50,727 -4.68 69.00 -172,017 3,500,163
2019-12-18 2019-12-17 4 BFC Bank First Corp
Common Stock 		S - Sale -3,934 53,220 -6.88 69.14 -271,997 3,679,631
2019-12-18 2019-12-16 4 BFC Bank First Corp
Common Stock 		S - Sale -1,101 57,154 -1.89 69.00 -75,969 3,943,626
2019-12-16 2019-12-13 4 BFC Bank First Corp
Common Stock 		S - Sale -500 58,255 -0.85 69.00 -34,500 4,019,595
2019-12-02 2019-11-29 4 BFC Bank First Corp
Common Stock 		S - Sale -2,959 58,755 -4.79 69.45 -205,503 4,080,535
2019-12-02 2019-11-27 4 BFC Bank First Corp
Common Stock 		S - Sale -1,700 61,714 -2.68 69.09 -117,453 4,263,820
2019-08-22 2019-08-20 4 BFC Bank First Corp
Common Stock 		S - Sale -600 63,414 -0.94 55.00 -33,000 3,487,770
2019-08-22 2019-08-20 4 BFC Bank First Corp
Common Stock 		S - Sale -1,003 64,014 -1.54 55.05 -55,215 3,523,971
2019-08-22 2019-08-20 4 BFC Bank First Corp
Common Stock 		S - Sale -120 65,017 -0.18 55.07 -6,608 3,580,486
2019-08-22 2019-08-20 4 BFC Bank First Corp
Common Stock 		S - Sale -102 65,137 -0.16 55.18 -5,628 3,594,260
2019-08-22 2019-08-20 4 BFC Bank First Corp
Common Stock 		S - Sale -83 65,239 -0.13 55.50 -4,606 3,620,764
2019-08-22 2019-08-20 4 BFC Bank First Corp
Common Stock 		S - Sale -241 65,322 -0.37 55.55 -13,388 3,628,637
2019-04-23 2019-04-23 4 BFC Bank First National Corp
Common Stock 		P - Purchase 80 65,563 0.12 62.00 4,960 4,064,906
2019-03-04 2019-03-01 4 BFC Bank First National Corp
Common Stock 		A - Award 177 65,483 0.27 56.62 10,022 3,707,647
2019-01-29 2019-01-29 4 BFC Bank First National Corp
Common Stock 		P - Purchase 103 65,306 0.16 47.94 4,938 3,130,770
2018-11-02 2018-11-01 4 BFC Bank First National Corp
Common Stock 		P - Purchase 75 65,203 0.12 52.25 3,919 3,406,857
2018-10-23 3 BFC Bank First National Corp
Common Stock 		150,806
2018-10-23 3 BFC Bank First National Corp
Common Stock 		106,228
2018-10-23 3 BFC Bank First National Corp
Common Stock 		150,806
2018-10-23 3 BFC Bank First National Corp
Common Stock 		106,228
2018-10-23 3 BFC Bank First National Corp
Common Stock 		150,806
2018-10-23 3 BFC Bank First National Corp
Common Stock 		106,228
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)