Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael R Gillespie. 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 R Gillespie has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HT / Hersha Hospitality Trust - Class A Chief Accounting Officer 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 R Gillespie. 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 R Gillespie 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
2023-01-03 2022-12-30 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -10,000 0 -100.00 8.50 -85,000
2023-01-03 2022-12-29 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -10,000 10,000 -50.00 8.49 -84,900 84,900
2023-01-03 2022-12-29 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -9,887 20,000 -33.08 8.45 -83,545 169,000
2023-01-03 2022-12-29 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -10,000 29,887 -25.07 8.40 -84,000 251,051
2022-01-04 2021-12-31 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 82,434 362,381 29.45
2021-06-03 2021-06-01 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 2,750 279,947 0.99
2021-03-19 2021-03-17 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 58,386 277,197 26.68
2020-04-15 2020-04-13 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 75,524 218,811 52.71
2019-03-22 2019-03-21 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 45,417 143,287 46.41
2018-11-05 2018-11-02 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 500 39,887 1.27 17.36 8,680 692,414
2018-03-30 2018-03-28 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 51,427 97,870 110.73
2017-03-30 2017-03-28 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 11,250 46,443 31.97
2016-04-01 2016-03-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 12,982 35,193 58.45
2016-02-23 2016-02-22 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		G - Gift -250 39,387 -0.63
2016-02-23 2016-02-22 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 500 39,637 1.28 20.59 10,297 816,272
2015-04-01 2015-03-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 24,430 88,844 37.93
2014-12-23 2014-12-23 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 64,414 64,414
2014-12-23 2014-12-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		D - Sale to Issuer -64,414 156,551 -29.15
2014-12-23 2014-11-06 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		G - Gift -686 220,965 -0.31
2014-11-07 2014-11-05 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -15,000 221,651 -6.34 7.40 -111,000 1,640,217
2014-03-21 2014-03-21 4 ht HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		G - Gift -860 236,651 -0.36
2014-03-21 2014-03-21 4 ht HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 21,721 237,511 10.07
2013-12-26 2013-12-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -40,000 215,790 -15.64 5.70 -228,000 1,230,003
2013-03-29 2013-03-28 4 HT HERSHA HOSPITALITY TRUST
Series A Preferred Stock 		J - Other -947 0 -100.00 25.41 -24,059
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 126,330 255,790 97.58
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 37,344 192,460 24.07
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -40,000 92,116 -30.28 5.97 -238,800 549,933
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares Beneficial Interest 		S - Sale -1,000 132,116 -0.75 5.02 -5,024 663,685
2012-04-20 2012-04-18 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 20,867 133,116 18.59
2012-03-28 2012-03-27 4 HT HERSHA HOSPITALITY TRUST
Series A Preferred Stock 		S - Sale -1,053 947 -52.65 25.52 -26,876 24,171
2012-03-28 2012-03-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -6,667 112,249 -5.61 5.52 -36,769 619,064
2012-03-28 2012-03-26 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 34,335 118,916 40.59
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)