Broadstone Net Lease, Inc.
US ˙ NYSE ˙ US11135E1047

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael A Coke. 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.

Companies with Reported Insider Positions

The SEC filings indicate Michael A Coke has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:TRNO / Terreno Realty Corporation President, Director 412,415
US:BNL / Broadstone Net Lease, Inc. Director 57,963
US:DLR / Digital Realty Trust, Inc. Director 6,898
Director 6,898
US:DFT / Dupont Fabros Technology, Inc. Director 0
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 A Coke. 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 BNL / Broadstone Net Lease, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BNL / Broadstone Net Lease, Inc.. 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 (%)
2025-05-05 BNL COKE MICHAEL A 10,000 16.0655 10,000 16.0655 160,655 123 18.6800 26,145 16.27
2024-02-26 BNL COKE MICHAEL A 10,000 14.6720 10,000 14.6720 146,720
2023-02-27 BNL COKE MICHAEL A 10,000 17.9200 10,000 17.9200 179,200

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

BNL / Broadstone Net Lease, Inc. Insider Trades
Insider Sales BNL / Broadstone Net Lease, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BNL / Broadstone Net Lease, Inc.. 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 (%)
There are no known unplanned open-market trades for this insider and security combination

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

BNL / Broadstone Net Lease, Inc. Insider Trades
Insider Purchases TRNO / Terreno Realty Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BNL / Broadstone Net Lease, Inc.. 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 (%)
2013-07-17 TRNO COKE MICHAEL A 3,000 18.2500 3,000 18.2500 54,750 323 19.84 4,770 8.71
2013-02-22 TRNO COKE MICHAEL A 5,000 16.6000 5,000 16.6000 83,000
2012-01-13 TRNO COKE MICHAEL A 10,000 14.2500 10,000 14.2500 142,500

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

TRNO / Terreno Realty Corporation Insider Trades
Insider Sales TRNO / Terreno Realty Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BNL / Broadstone Net Lease, Inc.. 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 (%)
2025-08-14 TRNO COKE MICHAEL A 10,000 53.9600 10,000 53.9600 539,600 4 53.6100 -3,500 -0.65
2024-08-09 TRNO COKE MICHAEL A 7,500 68.5300 7,500 68.5300 513,975
2023-08-04 TRNO COKE MICHAEL A 10,000 59.6000 10,000 59.6000 596,000

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

TRNO / Terreno Realty Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Michael A Coke 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
2025-08-14 2025-08-14 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
S - Sale -10,000 412,415 -2.37 53.96 -539,600 22,253,913
2025-08-07 2025-08-05 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 28,840 422,415 7.33
2025-08-04 2025-08-01 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
F - Taxes -8,589 393,575 -2.14 54.27 -466,125 21,359,315
2025-05-06 2025-05-05 4 BNL Broadstone Net Lease, Inc.
Common Stock
P - Purchase 10,000 57,963 20.85 16.07 160,655 931,205
2025-05-02 2025-05-02 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 6,263 47,963 15.02
2025-01-13 2025-01-08 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 14,493 174,940 9.03
2024-08-13 2024-08-09 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
S - Sale -7,500 402,164 -1.83 68.53 -513,975 27,560,299
2024-08-08 2024-08-06 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 24,228 409,664 6.29
2024-08-05 2024-08-01 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
F - Taxes -10,552 385,436 -2.66 68.45 -722,284 26,383,094
2024-05-03 2024-05-03 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 6,883 41,700 19.77
2024-02-26 2024-02-26 4 BNL Broadstone Net Lease, Inc.
Common Stock
P - Purchase 10,000 34,817 40.29 14.67 146,720 510,835
2023-08-08 2023-08-04 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
S - Sale -10,000 395,988 -2.46 59.60 -596,000 23,600,885
2023-08-03 2023-08-01 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 25,489 405,988 6.70
2023-08-03 2023-08-01 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
F - Taxes -7,219 380,499 -1.86 58.85 -424,838 22,392,366
2023-05-08 2023-05-05 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 6,254 24,817 33.69
2023-03-01 2023-02-27 4 BNL Broadstone Net Lease, Inc.
Common Stock
P - Purchase 10,000 18,563 116.78 17.92 179,200 332,649
2023-01-10 2023-01-06 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 33,456 160,447 26.35
2022-08-08 2022-08-04 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
F - Taxes -3,583 387,718 -0.92 61.90 -221,788 23,999,744
2022-08-04 2022-08-02 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 28,944 391,301 7.99
2022-07-06 2022-07-01 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 703 8,563 8.94
2022-05-20 2022-05-18 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 4,629 7,860 143.27
2022-04-05 2022-04-01 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 1,721 3,231 113.97
2022-01-11 2022-01-07 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 43,002 126,991 51.20
2022-01-05 2022-01-03 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 1,510 1,510
2022-01-05 2021-10-13 4 BNL Broadstone Net Lease, Inc.
Common Stock
G - Gift 2,952 22,952 14.76
2022-01-05 2021-10-13 4 BNL Broadstone Net Lease, Inc.
Common Stock
G - Gift -2,952 0 -100.00
2021-10-01 2021-10-01 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 1,511 22,952 7.05
2021-08-05 2021-08-03 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 21,995 362,357 6.46
2021-07-02 2021-07-01 4 BNL Broadstone Net Lease, Inc.
Common Stock
A - Award 1,441 21,441 7.20
2021-05-28 3 BNL Broadstone Net Lease, Inc.
Common Stock
20,000
2021-05-13 2021-05-11 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 141 6,898 2.09
2021-05-13 2021-05-11 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 141 6,898 2.09
2021-03-01 2021-02-25 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 223 6,757 3.41
2021-03-01 2021-02-25 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 223 6,757 3.41
2021-01-11 2021-01-07 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 41,334 83,989 96.90
2020-11-13 2020-11-10 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 211 6,534 3.34
2020-11-13 2020-11-10 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 211 6,534 3.34
2020-08-13 2020-08-11 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 189 6,323 3.08
2020-08-13 2020-08-11 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 189 6,323 3.08
2020-08-10 2020-08-07 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
D - Sale to Issuer -30,000 340,362 -8.10 61.41 -1,842,300 20,901,630
2020-08-06 2020-08-04 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 16,440 370,362 4.65
2020-08-06 2020-08-04 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
F - Taxes -65,496 353,922 -15.62 60.83 -3,984,122 21,529,075
2020-08-05 2020-08-03 4 DLR DIGITAL REALTY TRUST, INC.
Common Stock
S - Sale -2,700 7,340 -26.89 160.36 -432,972 1,177,042
2020-06-10 2020-06-08 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 1,165 6,134 23.45
2020-06-10 2020-06-08 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 1,165 6,134 23.45
2020-05-14 2020-05-12 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 216 4,969 4.54
2020-05-14 2020-05-12 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 216 4,969 4.54
2020-02-20 2020-02-18 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 215 4,753 4.74
2020-02-20 2020-02-18 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 215 4,753 4.74
2020-02-18 2020-02-13 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
D - Sale to Issuer -10,000 419,418 -2.33 61.08 -610,800 25,618,051
2020-01-15 2019-11-12 5 DLR DIGITAL REALTY TRUST, INC.
Common Stock
G - Gift -1,000 10,040 -9.06
2020-01-10 2020-01-08 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 42,655 42,655
2019-11-21 2019-11-19 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 235 4,538 5.46
2019-11-21 2019-11-19 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 235 4,538 5.46
2019-11-04 2019-11-01 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
D - Sale to Issuer -15,000 429,418 -3.38 56.39 -845,850 24,214,881
2019-08-15 2019-08-13 4 DLR DIGITAL REALTY TRUST, INC.
Long-Term Incentive Units
A - Award 239 4,303 5.88
2019-08-15 2019-08-13 4 DLR DIGITAL REALTY TRUST, L.P.
Long-Term Incentive Units
A - Award 239 4,303 5.88
2019-07-30 2019-07-26 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 20,235 444,418 4.77
2019-05-15 2019-05-13 4 DLR Digital Realty Trust, Inc.
Long-Term Incentive Units
A - Award 1,413 4,064 53.30
2019-05-15 2019-05-13 4 DLR Digital Realty Trust, Inc.
Long-Term Incentive Units
A - Award 231 2,651 9.55
2019-05-15 2019-05-13 4 DLR Digital Realty Trust, L.P.
Long-Term Incentive Units
A - Award 1,413 4,064 53.30
2019-05-15 2019-05-13 4 DLR Digital Realty Trust, L.P.
Long-Term Incentive Units
A - Award 231 2,651 9.55
2019-02-26 2019-02-22 4 DLR Digital Realty Trust, Inc.
Long-Term Incentive Units
A - Award 144 2,420 6.33
2019-02-26 2019-02-22 4 DLR Digital Realty Trust, L.P.
Long-Term Incentive Units
A - Award 144 2,420 6.33
2019-02-11 2019-02-08 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
D - Sale to Issuer -15,000 424,183 -3.42 42.36 -635,400 17,968,392
2019-01-10 2019-01-08 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 33,075 439,183 8.14
2018-11-29 2018-11-27 4 DLR Digital Realty Trust, Inc.
Long-Term Incentive Units
A - Award 89 2,276 4.07
2018-11-29 2018-11-27 4 DLR Digital Realty Trust, L.P.
Long-Term Incentive Units
A - Award 89 2,276 4.07
2018-08-02 2018-08-01 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 13,456 406,108 3.43
2018-05-10 2018-05-08 4 DLR Digital Realty Trust, Inc.
Long-Term Incentive Units
A - Award 1,387 2,187 173.38
2018-05-10 2018-05-08 4 DLR Digital Realty Trust, L.P.
Long-Term Incentive Units
A - Award 1,387 2,187 173.38
2018-01-09 2018-01-05 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 31,723 392,652 8.79
2017-09-18 2017-09-14 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
D - Sale to Issuer -20,258 0 -100.00
2017-09-18 2017-09-14 4 DLR Digital Realty Trust, L.P.
Long-Term Incentive Units
A - Award 800 800
2017-09-18 2017-09-14 4 DLR Digital Realty Trust, Inc.
Long-Term Incentive Units
A - Award 800 800
2017-09-18 2017-09-14 4 DLR Digital Realty Trust, Inc.
Common Stock
A - Award 11,040 11,040
2017-09-18 3 DLR Digital Realty Trust, L.P.
No securities are beneficially owned.
0
2017-09-18 3 DLR Digital Realty Trust, Inc.
No securities are beneficially owned.
0
2017-09-06 2017-09-05 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
S - Sale -8,000 20,258 -28.31 63.87 -510,971 1,293,907
2017-06-14 2017-06-12 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
A - Award 1,313 28,258 4.87
2017-05-08 2017-05-08 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
D - Sale to Issuer -14,000 360,929 -3.73 32.10 -449,400 11,585,821
2017-01-09 2017-01-06 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 29,170 374,929 8.44
2016-06-14 2016-06-14 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
S - Sale -5,000 26,945 -15.65 45.62 -228,086 1,229,155
2016-06-03 2016-06-01 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
A - Award 1,880 31,945 6.25
2016-02-10 2016-02-10 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
S - Sale -5,000 30,065 -14.26 34.07 -170,350 1,024,315
2016-01-12 2016-01-08 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 40,617 345,759 13.31
2015-08-05 2015-08-04 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award -125,000 305,142 -29.06 20.75 -2,593,750 6,331,696
2015-08-05 2015-08-04 4/A TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
A - Award 125,000 305,142 69.39
2015-05-28 2015-05-27 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
A - Award 1,535 35,065 4.58
2015-05-26 2015-05-22 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
S - Sale -10,000 33,530 -22.97 32.34 -323,400 1,084,360
2015-02-19 2015-02-17 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
F - Taxes -3,858 180,142 -2.10 23.08 -89,043 4,157,677
2014-11-04 2014-10-31 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
S - Sale -10,000 43,530 -18.68 30.89 -308,880 1,344,555
2014-05-23 2014-05-21 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
A - Award 1,576 53,530 3.03
2013-10-28 2013-10-25 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
S - Sale -15,000 51,954 -22.40 27.63 -414,450 1,435,489
2013-07-17 2013-07-17 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
P - Purchase 3,000 184,000 1.66 18.25 54,750 3,358,000
2013-06-03 2013-05-30 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
A - Award 1,621 66,954 2.48
2013-02-22 2013-02-22 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
P - Purchase 5,000 181,000 2.84 16.60 83,000 3,004,600
2012-06-01 2012-05-30 4 DFT DUPONT FABROS TECHNOLOGY, INC.
Common Stock
A - Award 1,562 65,333 2.45
2012-01-13 2012-01-13 4 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
P - Purchase 10,000 176,000 6.02 14.25 142,500 2,508,000
2010-02-09 3 TRNO Terreno Realty Corp
Common Stock, $0.01 par value per share
500
2007-10-18 3 DFT DUPONT FABROS TECHNOLOGY, INC.
No securities benefically owned
0
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)