Xcel Brands, Inc.

Introduction

This page provides a comprehensive analysis of the known insider trading history of James Haran. 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

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Companies with Reported Insider Positions

The SEC filings indicate James Haran has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:XELB / Xcel Brands, Inc. Chief Financial Officer 204,018
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by James Haran. 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 XELB / Xcel Brands, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in XELB / Xcel Brands, 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.

XELB / Xcel Brands, Inc. Insider Trades
Insider Sales XELB / Xcel Brands, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in XELB / Xcel Brands, 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 (%)
2015-12-16 XELB Haran James 1,000 7.2500 100 72.5000 7,250 279 4.1000 -6,840 -94.34
2015-12-15 XELB Haran James 256 7.2500 26 72.5000 1,856
2015-12-14 XELB Haran James 7,677 7.3820 768 73.8200 56,672
2015-12-10 XELB Haran James 336 7.5030 34 75.0300 2,521

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

XELB / Xcel Brands, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by James Haran 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
2019-12-17 2019-12-16 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -8,153 204,018 -3.84 1.45 -11,822 295,826
2019-11-20 2019-11-20 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -12,229 212,171 -5.45 1.72 -21,034 364,934
2019-10-08 2019-10-08 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -4,709 224,400 -2.06 1.93 -9,088 433,092
2019-08-26 2019-08-23 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -54,184 229,109 -19.13
2019-03-06 2019-03-06 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -5,000 283,293 -1.73
2019-03-01 2019-02-28 4 XELB XCel Brands, Inc.
Stock Options 		A - Award 552,632 552,632
2019-01-14 2019-01-10 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -54,000 288,293 -15.78
2018-12-18 2018-12-18 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -5,700 342,293 -1.64 2.07 -11,799 708,547
2018-11-21 2018-11-21 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -20,715 347,993 -5.62 2.30 -47,644 800,384
2018-10-16 2018-10-15 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -20,000 368,708 -5.15
2018-05-04 2018-05-03 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -17,100 388,708 -4.21 3.10 -53,010 1,204,995
2018-04-04 2018-04-02 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -6,400 405,808 -1.55
2018-04-04 2018-03-31 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -4,500 412,008 -1.08 3.20 -14,400 1,318,426
2018-01-31 2018-01-31 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -1,300 439,908 -0.29
2017-12-15 2017-12-14 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -23,200 418,008 -5.26 2.55 -59,160 1,065,920
2017-10-03 2017-10-02 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -8,000 441,208 -1.78
2017-04-04 2017-03-31 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -8,000 449,208 -1.75
2017-04-04 2017-03-31 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -46,421 457,208 -9.22 2.70 -125,337 1,234,462
2017-01-26 2016-11-30 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -5,040 503,629 -0.99 4.95 -24,948 2,492,964
2016-10-04 2016-09-30 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -4,250 508,669 -0.83
2016-10-04 2016-09-30 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -25,200 512,919 -4.68 4.99 -125,748 2,559,466
2016-04-04 2016-03-31 4 XELB XCel Brands, Inc.
Employee Stock Option 		A - Award 189,468 189,468
2016-04-04 2016-03-31 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -3,104 538,119 -0.57
2016-04-04 2016-03-31 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -8,400 541,223 -1.53 5.80 -48,720 3,139,093
2016-04-04 2016-03-31 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 23,684 549,623 4.50
2015-12-17 2015-12-17 4 XELB XCel Brands, Inc.
Common Stock 		D - Sale to Issuer -5,000 525,939 -0.94 7.25 -36,250 3,813,058
2015-12-17 2015-12-16 4 XELB XCel Brands, Inc.
Common Stock 		S - Sale -1,000 530,939 -0.19 7.25 -7,250 3,849,308
2015-12-17 2015-12-15 4 XELB XCel Brands, Inc.
Common Stock 		S - Sale -256 531,939 -0.05 7.25 -1,856 3,856,558
2015-12-14 2015-12-14 4 XELB XCel Brands, Inc.
Common Stock 		S - Sale -7,677 532,195 -1.42 7.38 -56,672 3,928,663
2015-12-14 2015-12-10 4 XELB XCel Brands, Inc.
Common Stock 		S - Sale -336 539,872 -0.06 7.50 -2,521 4,050,660
2015-12-02 2015-12-01 4 XELB XCel Brands, Inc.
Common Stock 		J - Other -3,095 540,208 -0.57
2015-10-08 2015-10-06 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -8,400 543,303 -1.52 8.59 -72,156 4,666,973
2015-05-20 2015-05-19 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 52,500 551,703 10.52
2014-12-03 2014-12-01 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -14,800 499,203 -2.88 8.00 -118,400 3,993,624
2014-05-19 2014-05-15 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 75,000 514,003 17.08
2013-04-03 2013-04-01 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 150,000 464,400 47.71
2012-11-26 2012-11-21 4 XELB XCel Brands, Inc.
Common Stock 		F - Taxes -27,193 314,400 -7.96 3.00 -81,579 943,200
2012-06-05 2012-06-01 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 27,390 341,593 8.72
2012-05-09 2012-05-08 4 XELB XCel Brands, Inc.
Warrants 		X - Other -7,500 0 -100.00
2012-05-09 2012-05-08 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 7,500 314,203 2.45 0.01 75 3,142
2012-04-18 2012-04-17 4 XELB XCel Brands, Inc.
Common Stock 		A - Award 150,000 306,703 95.72
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)