Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael H Braun. 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.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Michael H Braun has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:FNHC / FedNat Holding Co Chief Executive Officer & Pres, Director 684,176
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael H Braun. 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 Michael H Braun 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
2021-04-02 2021-03-31 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		D - Sale to Issuer -75,752 684,176 -9.97
2021-04-02 2021-03-31 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		A - Award 108,863 759,928 16.72
2021-03-17 2021-03-15 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		P - Purchase 5,000 651,065 0.77 4.75 23,750 3,092,559
2020-03-10 2020-03-10 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		D - Sale to Issuer -73,612 646,065 -10.23
2020-03-10 2020-03-10 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		A - Award 107,971 719,677 17.65
2019-03-08 2019-03-06 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		D - Sale to Issuer -32,281 611,706 -5.01
2019-03-08 2019-03-06 4 FNHC FedNat Holding Co
Common Stock, par value $0.01 per share 		A - Award 55,462 643,987 9.42
2018-03-20 2018-03-16 4 FNHC FEDERATED NATIONAL HOLDING Co
Common Stock, par value $0.01 per share 		A - Award 76,734 588,525 14.99
2018-03-16 2018-03-14 4 FNHC FEDERATED NATIONAL HOLDING Co
Common Stock, par value $0.01 per share 		D - Sale to Issuer -15,229 511,791 -2.89
2017-03-16 2017-03-14 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 68,530 527,020 14.95
2016-09-12 2016-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 5,000 0 -100.00 4.40 22,000
2016-09-12 2016-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 6,667 0 -100.00 2.45 16,334
2016-09-12 2016-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 8,999 0 -100.00 4.36 39,236
2016-09-12 2016-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 5,000 458,490 1.10 4.40 22,000 2,017,356
2016-09-12 2016-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 6,667 453,490 1.49 2.45 16,334 1,111,050
2016-09-12 2016-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 8,999 446,823 2.06 4.36 39,236 1,948,148
2016-08-10 2016-08-08 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 10,000 5,000 -200.00 4.40 44,000 22,000
2016-08-10 2016-08-08 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 3,333 6,667 99.97 2.45 8,166 16,334
2016-08-10 2016-08-08 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 6,001 8,999 200.17 4.36 26,164 39,236
2016-08-10 2016-08-08 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 10,000 437,824 2.34 4.40 44,000 1,926,426
2016-08-10 2016-08-08 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 3,333 427,824 0.79 2.45 8,166 1,048,169
2016-08-10 2016-08-08 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 6,001 424,491 1.43 4.36 26,164 1,850,781
2016-03-14 2016-03-10 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 31,315 418,490 8.09
2015-05-05 2015-05-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 50,000 387,205 14.83
2015-03-11 2015-03-10 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 32,997 337,175 10.85
2014-12-10 2014-12-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 50,000 304,178 19.67
2014-09-11 2014-09-11 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 40,000 0 -100.00 4.73 189,200
2014-09-11 2014-09-11 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 500 0 -100.00 4.59 2,295
2014-09-11 2014-09-11 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -27,336 254,178 -9.71 25.00 -683,340 6,353,891
2014-09-11 2014-09-11 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 40,000 281,544 16.56 4.73 189,200 1,331,703
2014-09-11 2014-09-11 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 500 241,544 0.21 4.59 2,295 1,108,687
2014-09-11 2014-09-09 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 45,000 241,044 22.95
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -500 196,044 -0.25 24.25 -12,125 4,754,067
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -100 196,544 -0.05 24.24 -2,424 4,764,227
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -802 196,644 -0.41 24.23 -19,432 4,764,684
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -298 197,446 -0.15 24.22 -7,218 4,782,142
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -300 197,744 -0.15 24.21 -7,263 4,787,382
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -400 198,044 -0.20 24.19 -9,676 4,790,684
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -200 198,444 -0.10 24.18 -4,836 4,798,376
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -300 198,644 -0.15 24.17 -7,251 4,801,225
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -1,524 198,944 -0.76 24.16 -36,820 4,806,487
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise 40,000 0 -100.00 8.32 332,800
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -100 200,468 -0.05 24.16 -2,416 4,842,305
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -200 200,568 -0.10 24.15 -4,830 4,843,717
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -598 200,768 -0.30 24.14 -14,436 4,846,540
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -500 201,366 -0.25 24.13 -12,065 4,858,962
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -415 201,866 -0.21 24.12 -10,010 4,869,008
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -196 202,281 -0.10 24.11 -4,726 4,876,995
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -446 202,477 -0.22 24.10 -10,749 4,879,696
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -1,713 202,923 -0.84 24.09 -41,266 4,888,415
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -1,121 204,636 -0.54 24.08 -26,994 4,927,635
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -795 205,757 -0.38 24.07 -19,136 4,952,571
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -1,000 206,552 -0.48 24.06 -24,060 4,969,641
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -165 207,552 -0.08 24.06 -3,969 4,992,663
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -300 207,717 -0.14 24.05 -7,215 4,995,594
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -400 208,017 -0.19 24.04 -9,616 5,000,729
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -300 208,417 -0.14 24.03 -7,209 5,008,261
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -920 208,717 -0.44 24.02 -22,098 5,013,382
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -300 209,637 -0.14 24.01 -7,203 5,033,384
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -1,280 209,937 -0.61 24.00 -30,720 5,038,488
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -100 211,217 -0.05 23.99 -2,399 5,067,096
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -200 211,317 -0.09 23.98 -4,796 5,067,382
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -200 211,517 -0.09 23.97 -4,794 5,070,062
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -200 211,717 -0.09 23.96 -4,792 5,072,739
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -278 211,917 -0.13 23.94 -6,655 5,073,293
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -805 212,195 -0.38 23.93 -19,264 5,077,826
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -505 213,000 -0.24 23.92 -12,080 5,094,960
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -1,763 213,505 -0.82 23.91 -42,153 5,104,905
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -5,843 215,268 -2.64 23.90 -139,648 5,144,905
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -2,504 221,111 -1.12 23.89 -59,821 5,282,342
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -799 223,615 -0.36 23.88 -19,080 5,339,926
2014-05-27 2014-05-23 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 40,000 224,414 21.69 8.32 332,800 1,867,124
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -119 184,414 -0.06 16.04 -1,909 2,958,001
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -216 184,533 -0.12 16.02 -3,460 2,956,219
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -17 184,749 -0.01 16.01 -272 2,957,831
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -952 184,766 -0.51 16.00 -15,232 2,956,256
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -13 185,718 -0.01 15.97 -208 2,965,916
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -53 185,731 -0.03 15.96 -846 2,965,195
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -18 185,784 -0.01 15.96 -287 2,965,113
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -320 185,802 -0.17 15.95 -5,104 2,963,542
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -21 186,122 -0.01 15.94 -335 2,966,785
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -842 186,143 -0.45 15.93 -13,413 2,965,258
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -16 186,985 -0.01 15.91 -255 2,974,931
2014-03-06 2014-03-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		S - Sale -148 187,001 -0.08 15.90 -2,353 2,973,316
2014-03-06 2014-03-04 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		A - Award 43,997 187,149 30.73
2013-12-09 2013-12-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise -4,500 0 -100.00
2013-12-09 2013-12-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Stock Options (right to buy) 		M - Exercise -500 0 -100.00
2013-12-09 2013-12-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		F - Taxes -4,257 143,152 -2.89 13.55 -57,682 1,939,710
2013-12-09 2013-12-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 4,500 147,409 3.15 12.58 56,610 1,854,405
2013-12-09 2013-12-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		F - Taxes -491 142,909 -0.34 13.55 -6,653 1,936,417
2013-12-09 2013-12-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock, par value $0.01 per share 		M - Exercise 500 143,400 0.35 13.17 6,585 1,888,578
2013-08-07 2013-08-05 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock 		A - Award 100,000 142,900 233.10
2013-03-06 2013-03-04 4 FNHC FEDERATED NATIONAL HOLDING CO
Common Stock 		A - Award 25,000 42,900 139.66
2012-04-10 2012-04-06 4 TCHC 21ST CENTURY HOLDING CO
Options 		A - Award 15,000 15,000 4.40 66,000 66,000
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)