Dunlop A. Sinclair - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Dunlop A. Sinclair. 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

Companies with Reported Insider Positions

The SEC filings indicate Dunlop A. Sinclair has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Dunlop A. Sinclair. 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 APLS / Apellis Pharmaceuticals, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in APLS / Apellis Pharmaceuticals, 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 (%)
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.

Insider Sales APLS / Apellis Pharmaceuticals, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in APLS / Apellis Pharmaceuticals, 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 (%)
2024-03-19	APLS	Dunlop A. Sinclair	18,681	57.1790	18,681	57.1790	1,068,161	349	24.0600	-618,695	-57.92
2023-12-01	APLS	Dunlop A. Sinclair	24,000	61.1350	24,000	61.1350	1,467,240
2023-11-17	APLS	Dunlop A. Sinclair	8,894	49.9910	8,894	49.9910	444,620
2023-10-17	APLS	Dunlop A. Sinclair	24,000	49.0000	24,000	49.0000	1,176,000
2022-09-08	APLS	Dunlop A. Sinclair	15,000	65.0000	15,000	65.0000	975,000
2022-08-11	APLS	Dunlop A. Sinclair	30,000	65.6300	30,000	65.6300	1,968,900
2022-06-27	APLS	Dunlop A. Sinclair	1,341	46.7881	1,341	46.7881	62,743
2022-06-23	APLS	Dunlop A. Sinclair	15,000	45.0000	15,000	45.0000	675,000
2021-05-20	APLS	Dunlop A. Sinclair	5,773	48.1000	5,773	48.1000	277,681
2021-05-19	APLS	Dunlop A. Sinclair	7,612	50.0000	7,612	50.0000	380,600
2021-05-18	APLS	Dunlop A. Sinclair	64,179	51.6600	64,179	51.6600	3,315,487
2021-05-18	APLS	Dunlop A. Sinclair	14,216	52.6300	14,216	52.6300	748,188
2021-05-18	APLS	Dunlop A. Sinclair	36,387	53.7800	36,387	53.7800	1,956,893
2021-05-18	APLS	Dunlop A. Sinclair	22,318	54.5700	22,318	54.5700	1,217,893
2021-05-18	APLS	Dunlop A. Sinclair	1,200	52.0100	1,200	52.0100	62,412
2021-05-18	APLS	Dunlop A. Sinclair	10,388	53.5000	10,388	53.5000	555,758
2021-05-18	APLS	Dunlop A. Sinclair	800	54.0200	800	54.0200	43,216
2020-12-14	APLS	Dunlop A. Sinclair	7,654	53.8600	7,654	53.8600	412,244
2020-12-14	APLS	Dunlop A. Sinclair	17,132	55.0100	17,132	55.0100	942,431
2020-12-14	APLS	Dunlop A. Sinclair	214	56.2500	214	56.2500	12,038
2020-12-07	APLS	Dunlop A. Sinclair	9,094	50.4100	9,094	50.4100	458,429
2020-12-07	APLS	Dunlop A. Sinclair	9,470	51.0000	9,470	51.0000	482,970
2020-12-04	APLS	Dunlop A. Sinclair	5,052	50.0400	5,052	50.0400	252,802
2020-12-04	APLS	Dunlop A. Sinclair	1,384	51.0500	1,384	51.0500	70,653
2019-12-20	APLS	Dunlop A. Sinclair	25,000	29.5300	25,000	29.5300	738,250
2019-12-19	APLS	Dunlop A. Sinclair	54,110	28.9900	54,110	28.9900	1,568,649
2019-12-19	APLS	Dunlop A. Sinclair	31,000	29.5100	31,000	29.5100	914,810
2019-12-18	APLS	Dunlop A. Sinclair	25,890	28.5500	25,890	28.5500	739,160

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

Insider Trading History

This table shows the complete list of insider trades made by Dunlop A. Sinclair as disclosed to the Securities Exchange Commission (SEC).