Introduction

This page provides a comprehensive analysis of the known insider trading history of Esse Effe S.p.A.. 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 Esse Effe S.p.A. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:KLR / Kaleyra Inc 10% Owner 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 Esse Effe S.p.A.. 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 Esse Effe S.p.A. 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
2023-10-10 2023-10-05 4 KLR Kaleyra, Inc.
Common Stock 		D - Sale to Issuer -1,633,039 0 -100.00
2023-10-10 2023-10-05 4 KLR Kaleyra, Inc.
Common Stock 		D - Sale to Issuer -26,602 0 -100.00
2023-10-10 2023-10-05 4 KLR Kaleyra, Inc.
Common Stock 		D - Sale to Issuer -62,961 0 -100.00
2023-05-10 2023-05-08 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 10,000 62,961 18.88
2023-01-03 2023-01-01 4 KLR.BC Kaleyra, Inc.
Common Stock 		A - Award 71,440 185,363 62.71
2022-11-14 2022-11-11 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 59,300 5,715,636 1.05 0.84 49,812 4,801,134
2022-05-26 2022-05-24 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 15,000 5,656,336 0.27 3.29 49,290 18,586,720
2022-03-03 2022-03-03 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 6,000 5,641,336 0.11 7.28 43,657 41,046,925
2022-03-03 2022-03-02 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 9,000 5,635,336 0.16 7.71 69,390 43,448,441
2022-03-02 2022-03-01 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 10,000 5,626,336 0.18 7.69 76,900 43,266,524
2022-02-11 2022-02-09 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 35,000 113,923 44.35
2021-12-29 2021-12-21 4/A KLR Kaleyra, Inc.
Common Stock 		A - Award 21,413 78,923 37.23
2021-12-23 2021-12-21 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 21,413 78,923 37.23
2021-09-13 2021-03-05 4/A KLR Kaleyra, Inc.
Common Stock 		P - Purchase 5,000 5,606,336 0.09 16.06 80,308 90,047,287
2021-09-13 2021-08-18 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 10,000 5,616,336 0.18 9.75 97,500 54,759,276
2021-03-05 2021-03-04 4/A KLR Kaleyra, Inc.
Common Stock 		P - Purchase 5,000 5,601,336 0.09 18.36 91,807 102,848,371
2021-03-05 2021-03-03 4/A KLR Kaleyra, Inc.
Common Stock 		P - Purchase 5,000 5,596,336 0.09 19.88 99,388 111,242,288
2021-03-05 2021-03-02 4/A KLR Kaleyra, Inc.
Common Stock 		P - Purchase 5,000 5,591,336 0.09 19.64 98,189 109,801,538
2021-03-05 2021-03-01 4/A KLR Kaleyra, Inc.
Common Stock 		P - Purchase 5,000 5,586,336 0.09 19.00 94,980 106,117,480
2021-03-05 2021-03-05 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 5,000 5,651,336 0.09 16.06 80,308 90,770,063
2021-03-04 2021-03-04 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 20,000 5,661,336 0.35 18.36 367,228 103,950,055
2021-03-04 2021-03-03 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 20,000 5,641,336 0.36 19.88 397,554 112,136,785
2021-03-04 2021-03-02 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 20,000 5,621,336 0.36 19.64 392,756 110,390,672
2021-03-04 2021-03-01 4 KLR Kaleyra, Inc.
Common Stock 		P - Purchase 20,000 5,601,336 0.36 19.00 379,918 106,402,419
2021-02-11 2021-02-10 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 30,000 57,510 109.05
2020-11-06 2020-11-05 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 27,510 27,510
2020-06-01 2020-05-28 4 KLR Kaleyra, Inc.
Common Stock 		W - Other 5,581,336 5,581,336
2020-04-30 2020-04-29 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 950,194 5,581,336 20.52
2019-12-20 2019-12-18 4 KLR Kaleyra, Inc.
Common Stock 		A - Award 93,104 93,104
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)