Introduction

This page provides a comprehensive analysis of the known insider trading history of Gerald James Jr Benoit. 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 Gerald James Jr Benoit has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:WAVD / WaveDancer, Inc. CEO, Director, 10% Owner 1,985,781
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Gerald James Jr Benoit. 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 Trading History

This table shows the complete list of insider trades made by Gerald James Jr Benoit 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
2023-10-02 2023-09-29 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase 350,000 1,985,781 21.40 0.50 175,000 992,890
2022-12-15 2022-12-13 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 3,996 1,635,781 0.24 0.64 2,557 1,046,900
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 14,987 1,631,785 0.93 0.64 9,592 1,044,342
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 342 1,616,798 0.02 0.64 219 1,034,427
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 99 1,616,456 0.01 0.63 63 1,026,288
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 101 1,616,357 0.01 0.63 64 1,026,063
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 900 1,616,256 0.06 0.63 571 1,025,838
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 900 1,615,356 0.06 0.63 571 1,025,105
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 316 1,614,456 0.02 0.63 199 1,017,107
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,408 1,614,140 0.09 0.63 887 1,016,747
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 35 1,612,732 0.00 0.63 22 1,014,570
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 205 1,612,697 0.01 0.63 129 1,014,386
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,094 1,612,492 0.07 0.63 688 1,014,096
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 6 1,611,398 0.00 0.62 4 998,906
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,611,392 0.01 0.62 62 996,485
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,611,292 0.01 0.61 61 990,783
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 116 1,611,192 0.01 0.61 71 986,050
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 95 1,611,076 0.01 0.60 57 974,057
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,610,981 0.01 0.58 58 935,980
2022-12-13 2022-12-12 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,610,881 0.01 0.58 58 933,022
2022-12-08 2022-12-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,798 1,610,781 0.11 0.69 1,241 1,111,439
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 4,787 1,608,983 0.30 0.64 3,086 1,037,311
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 212 1,604,196 0.01 0.64 136 1,032,140
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 19,123 1,603,984 1.21 0.64 12,239 1,026,550
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 402 1,584,861 0.03 0.64 257 1,014,153
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 201 1,584,459 0.01 0.64 129 1,013,262
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 380 1,584,258 0.02 0.64 242 1,009,331
2022-12-06 2022-12-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 109 1,583,878 0.01 0.63 69 1,003,703
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 6,500 1,583,769 0.41 0.67 4,387 1,068,886
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 6,146 1,577,269 0.39 0.66 4,056 1,040,998
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 16 1,571,123 0.00 0.64 10 1,011,646
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 307 1,571,107 0.02 0.64 196 1,005,351
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 293 1,570,800 0.02 0.63 185 989,604
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 300 1,570,507 0.02 0.63 189 989,262
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 402 1,570,207 0.03 0.62 249 973,842
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 52 1,569,805 0.00 0.62 32 973,436
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 2,035 1,569,753 0.13 0.60 1,226 946,090
2022-12-05 2022-12-02 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,402 1,567,718 0.09 0.60 841 940,631
2022-12-02 2022-12-01 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,566,316 0.01 0.59 59 926,633
2022-12-02 2022-12-01 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 300 1,566,216 0.02 0.59 177 926,417
2022-12-02 2022-12-01 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,565,916 0.01 0.59 59 923,734
2022-12-02 2022-12-01 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 6 1,565,816 0.00 0.54 3 845,854
2022-11-30 2022-11-29 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,667 1,565,810 0.11 0.55 917 861,196
2022-11-30 2022-11-29 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,564,143 0.01 0.54 54 850,425
2022-11-30 2022-11-29 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,551 1,564,043 0.10 0.54 834 840,673
2022-11-30 2022-11-29 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,711 1,562,492 0.11 0.52 898 820,308
2022-10-19 2022-10-17 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 5,393 1,541,174 0.35 1.17 6,310 1,803,174
2022-10-19 2022-10-18 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 5,600 1,560,781 0.36 1.25 7,000 1,950,976
2022-10-19 2022-10-18 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 800 1,555,181 0.05 1.24 992 1,928,424
2022-10-19 2022-10-18 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,300 1,554,381 0.08 1.23 1,599 1,911,889
2022-10-19 2022-10-18 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 11,907 1,553,081 0.77 1.22 14,527 1,894,759
2022-10-13 2022-10-11 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 2,403 1,535,781 0.16 1.23 2,956 1,889,011
2022-10-13 2022-10-11 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 299 1,533,378 0.02 1.22 365 1,870,721
2022-10-13 2022-10-11 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 2,040 1,533,079 0.13 1.21 2,468 1,855,026
2022-10-13 2022-10-11 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 300 1,531,039 0.02 1.17 351 1,791,316
2022-10-13 2022-10-11 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 201 1,530,739 0.01 1.13 227 1,729,735
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 14,777 1,530,538 0.97 1.16 17,141 1,775,424
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 245 1,515,761 0.02 1.14 279 1,727,968
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,567 1,515,516 0.10 1.13 1,771 1,712,533
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 232 1,513,949 0.02 1.09 253 1,650,204
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 2,201 1,513,717 0.15 1.08 2,377 1,634,814
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 278 1,511,516 0.02 1.07 297 1,617,322
2022-10-11 2022-10-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 457 1,511,238 0.03 1.06 484 1,601,912
2022-10-11 2022-10-07 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 6,318 1,510,781 0.42 1.10 6,950 1,661,859
2022-10-11 2022-10-07 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 5,200 1,504,463 0.35 1.08 5,616 1,624,820
2022-10-11 2022-10-07 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 2,000 1,499,263 0.13 1.07 2,140 1,604,211
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 101 1,497,263 0.01 1.10 111 1,646,989
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,497,162 0.01 1.09 109 1,631,907
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 4,594 1,497,062 0.31 1.08 4,962 1,616,827
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 153 1,492,468 0.01 1.07 164 1,596,941
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 9 1,492,315 0.00 1.05 9 1,566,931
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 3,200 1,492,306 0.21 1.04 3,328 1,551,998
2022-10-07 2022-10-06 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,343 1,489,106 0.09 1.03 1,383 1,533,779
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 700 1,487,763 0.05 1.03 721 1,532,396
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 170 1,487,063 0.01 1.00 170 1,487,063
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 728 1,486,893 0.05 0.98 710 1,450,910
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,486,165 0.01 0.97 97 1,446,187
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,486,065 0.01 0.96 96 1,429,149
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 1,485,965 0.01 0.96 96 1,426,526
2022-10-06 2022-10-05 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 84 1,485,865 0.01 0.96 81 1,426,282
2022-08-15 2022-08-11 4 WAVD WAVEDANCER, INC.
Common Stock 		A - Award 500,000 1,485,781 50.72 1.20 600,000 1,782,937
2022-07-29 2022-07-26 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 3,306 985,781 0.34 1.45 4,794 1,429,382
2022-07-29 2022-07-26 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 300 982,475 0.03 1.41 423 1,385,290
2022-07-29 2022-07-26 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 5,530 982,175 0.57 1.39 7,687 1,365,223
2022-07-26 2022-07-25 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 5,983 976,645 0.62 1.56 9,333 1,523,566
2022-07-26 2022-07-22 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 18,712 970,662 1.97 1.45 27,132 1,407,460
2022-07-26 2022-07-22 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 951,950 0.01 1.40 140 1,332,730
2022-07-26 2022-07-22 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 100 951,850 0.01 1.38 138 1,313,553
2022-07-26 2022-07-22 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 105 951,750 0.01 1.37 144 1,303,898
2022-07-26 2022-07-21 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 2,306 951,645 0.24 1.26 2,906 1,199,073
2022-07-21 2022-07-20 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 7,543 949,339 0.80 1.25 9,429 1,186,674
2022-07-21 2022-07-20 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,664 941,796 0.18 1.24 2,063 1,167,827
2022-07-21 2022-07-20 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 3,572 940,132 0.38 1.23 4,394 1,156,362
2022-07-21 2022-07-20 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 235 936,560 0.03 1.22 287 1,142,603
2022-07-21 2022-07-20 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,628 936,325 0.17 1.19 1,937 1,114,227
2022-07-21 2022-07-19 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 5,190 934,697 0.56 1.25 6,488 1,168,371
2022-07-21 2022-07-19 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 900 929,507 0.10 1.23 1,107 1,143,294
2022-07-21 2022-07-19 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 1,952 928,607 0.21 1.22 2,381 1,132,901
2022-07-21 2022-07-19 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 10 926,655 0.00 1.16 12 1,074,920
2022-05-31 2022-05-31 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 12,000 926,645 1.31 2.55 30,600 2,362,945
2022-05-24 2022-05-24 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 12,000 914,645 1.33 2.46 29,520 2,250,027
2022-05-17 2022-05-17 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 12,000 902,645 1.35 3.06 36,720 2,762,094
2022-05-11 2022-05-10 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 12,000 890,645 1.37 3.65 43,800 3,250,854
2022-05-04 2022-05-03 4 WAVD WAVEDANCER, INC.
Common Stock 		P - Purchase X 12,000 878,645 1.38 4.57 54,840 4,015,408
2022-01-03 2021-12-30 4 WAVD WAVEDANCER, INC.
Options (right-to-buy) 		A - Award 1,000,000 1,030,000 3,333.33
2021-12-14 2021-12-10 4 IAIC INFORMATION ANALYSIS INC
Warrants (right-to-buy) 		A - Award 6,579 809,908 0.82 3.04 20,000 2,462,120
2021-12-14 2021-12-10 4 IAIC INFORMATION ANALYSIS INC
Warrants (right-to-buy) 		A - Award 23,329 803,329 2.99 3.04 70,920 2,442,120
2021-12-14 2021-12-10 4 IAIC INFORMATION ANALYSIS INC
Common Stock 		A - Award 32,895 899,540 3.80 3.04 100,001 2,734,602
2021-12-14 2021-12-10 4 IAIC INFORMATION ANALYSIS INC
Common Stock 		A - Award 116,645 866,645 15.55 3.04 354,601 2,634,601
2021-08-30 3 IAIC INFORMATION ANALYSIS INC
Common Stock 		750,000
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)