Brian Graff - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brian Graff. 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 Brian Graff 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 Brian Graff. 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 AMBKP / American Capital Trust I - Preferred Security - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AMBKP / American Capital Trust I - Preferred Security. 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 AMBKP / American Capital Trust I - Preferred Security - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AMBKP / American Capital Trust I - Preferred Security. 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 (%)
2014-11-07	ACAS	Graff Brian	50,000	15.7965	50,000	15.7965	789,825	731
2014-02-19	ACAS	Graff Brian	1,590	15.0300	1,590	15.0300	23,898
2013-12-09	ACAS	Graff Brian	100,633	15.1353	100,633	15.1353	1,523,111
2013-11-12	ACAS	Graff Brian	15,095	14.0100	15,095	14.0100	211,481
2013-10-18	ACAS	Graff Brian	12,526	14.0000	12,526	14.0000	175,364
2013-09-03	ACAS	Graff Brian	1,543	12.6000	1,543	12.6000	19,442
2013-07-29	ACAS	Graff Brian	5,221	13.3440	5,221	13.3440	69,669
2013-06-11	ACAS	Graff Brian	5,382	13.2930	5,382	13.2930	71,543
2013-05-06	ACAS	Graff Brian	9	14.3800	9	14.3800	129
2013-04-05	ACAS	Graff Brian	1,942	14.0500	1,942	14.0500	27,285
2013-03-06	ACAS	Graff Brian	30,588	14.2600	30,588	14.2600	436,185
2013-03-06	ACAS	Graff Brian	82,264	14.2600	82,264	14.2600	1,173,085
2013-02-20	ACAS	Graff Brian	3,133	14.0000	3,133	14.0000	43,862
2013-02-04	ACAS	Graff Brian	1,291	13.2200	1,291	13.2200	17,067
2013-02-04	ACAS	Graff Brian	946	13.2200	946	13.2200	12,506
2013-01-29	ACAS	Graff Brian	2,743	13.0000	2,743	13.0000	35,659
2013-01-16	ACAS	Graff Brian	3,917	13.2800	3,917	13.2800	52,018
2012-12-18	ACAS	Graff Brian	1,846	12.3300	1,846	12.3300	22,761
2012-12-18	ACAS	Graff Brian	1,490	12.3300	1,490	12.3300	18,372
2012-12-07	ACAS	Graff Brian	171,899	11.8758	171,899	11.8758	2,041,438
2012-09-11	ACAS	Graff Brian	97,079	11.4982	97,079	11.4982	1,116,234
2012-08-31	ACAS	Graff Brian	3,133	11.0528	3,133	11.0528	34,628
2012-08-27	ACAS	Graff Brian	41,054	11.1718	41,054	11.1718	458,647
2012-07-31	ACAS	Graff Brian	7,716	10.0000	7,716	10.0000	77,160
2012-07-30	ACAS	Graff Brian	6,594	9.8000	6,594	9.8000	64,621
2012-06-29	ACAS	Graff Brian	5,982	10.0000	5,982	10.0000	59,820
2012-06-25	ACAS	Graff Brian	4,332	9.3400	4,332	9.3400	40,461
2012-06-14	ACAS	Graff Brian	80,410	9.2600	80,410	9.2600	744,597
2012-05-04	ACAS	Graff Brian	6	9.6601	6	9.6601	58
2012-04-30	ACAS	Graff Brian	23,922	10.0000	23,922	10.0000	239,220
2012-04-05	ACAS	Graff Brian	701	8.6000	701	8.6000	6,029
2012-03-27	ACAS	Graff Brian	3,672	8.9500	3,672	8.9500	32,864
2012-02-21	ACAS	Graff Brian	1,085	8.8900	1,085	8.8900	9,646
2012-02-02	ACAS	Graff Brian	902	8.2723	902	8.2723	7,462
2012-02-01	ACAS	Graff Brian	40	8.2900	40	8.2900	332

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 Brian Graff as disclosed to the Securities Exchange Commission (SEC).