Philip D Freeman - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Philip D Freeman. 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 Philip D Freeman 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 Philip D Freeman. 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 HWBK / Hawthorn Bancshares, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HWBK / Hawthorn Bancshares, 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 (%)
2023-05-08	HWBK	FREEMAN PHILIP D	500	18.4843	520	17.7734	9,242	239	25.5000	4,018	43.48
2020-05-14	HWBK	FREEMAN PHILIP D	1,000	15.6896	1,040	15.0862	15,690
2020-05-13	HWBK	FREEMAN PHILIP D	2,500	15.9900	2,600	15.3750	39,975
2018-12-19	HWBK	FREEMAN PHILIP D	500	23.3100	520	22.4135	11,655
2018-08-03	HWBK	FREEMAN PHILIP D	329	21.7000	342	20.8654	7,139
2018-05-17	HWBK	FREEMAN PHILIP D	429	22.0000	446	21.1538	9,438
2017-11-28	HWBK	FREEMAN PHILIP D	333	20.2500	346	19.4712	6,743
2017-07-26	HWBK	FREEMAN PHILIP D	375	20.7500	390	19.9519	7,781
2017-02-23	HWBK	FREEMAN PHILIP D	500	19.9500	520	19.1827	9,975
2016-09-30	HWBK	FREEMAN PHILIP D	457	14.4000	475	13.8462	6,581
2016-04-05	HWBK	FREEMAN PHILIP D	375	14.9600	390	14.3846	5,610
2015-12-21	HWBK	FREEMAN PHILIP D	333	15.0100	346	14.4327	4,998
2015-11-25	HWBK	FREEMAN PHILIP D	438	14.2000	456	13.6538	6,220
2015-06-26	HWBK	FREEMAN PHILIP D	375	13.9700	390	13.4327	5,239
2014-12-10	HWBK	FREEMAN PHILIP D	429	13.8000	446	13.2692	5,920
2014-09-19	HWBK	FREEMAN PHILIP D	500	13.5000	520	12.9808	6,750
2014-04-22	HWBK	FREEMAN PHILIP D	600	13.9400	624	13.4038	8,364
2014-01-10	HWBK	FREEMAN PHILIP D	275	13.6500	286	13.1250	3,754
2013-10-30	HWBK	FREEMAN PHILIP D	600	13.7500	624	13.2212	8,250
2013-06-25	HWBK	FREEMAN PHILIP D	1,200	11.7500	1,248	11.2981	14,100
2013-01-08	HWBK	FREEMAN PHILIP D	462	7.8600	480	7.5577	3,631
2012-08-10	HWBK	FREEMAN PHILIP D	880	9.0000	915	8.6538	7,920

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

Insider Sales HWBK / Hawthorn Bancshares, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HWBK / Hawthorn Bancshares, 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.

Insider Trading History

This table shows the complete list of insider trades made by Philip D Freeman as disclosed to the Securities Exchange Commission (SEC).