Freshpet, Inc.
US ˙ NasdaqGM ˙ US3580391056

Introduction

This page provides a comprehensive analysis of the known insider trading history of Christopher B Harned. 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.

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Companies with Reported Insider Positions

The SEC filings indicate Christopher B Harned has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:QUAD / Quad/Graphics, Inc. Director 278,784
US:FRPT / Freshpet, Inc. Director 105,803
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Christopher B Harned. 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 FRPT / Freshpet, Inc. - Short Term Profit Analysis

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

FRPT / Freshpet, Inc. Insider Trades
Insider Sales FRPT / Freshpet, Inc. - Short Term Loss Analysis

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

FRPT / Freshpet, Inc. Insider Trades
Insider Purchases QUAD / Quad/Graphics, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FRPT / Freshpet, 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 (%)
2020-03-11 QUAD Harned Christopher B 3,000 3.3300 3,000 3.3300 9,990 335 6.3 8,910 89.19
2019-11-06 QUAD Harned Christopher B 4,350 4.1390 4,350 4.1390 18,005

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

QUAD / Quad/Graphics, Inc. Insider Trades
Insider Sales QUAD / Quad/Graphics, Inc. - Short Term Loss Analysis

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

QUAD / Quad/Graphics, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Christopher B Harned 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
2025-05-23 2025-05-21 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 22,004 278,784 8.57
2024-05-24 2024-05-22 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 25,000 254,216 10.91
2024-01-12 2024-01-11 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		J - Other 50,205 50,205
2023-05-24 2023-05-22 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 36,605 228,624 19.06
2022-05-25 2022-05-23 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 23,454 192,019 13.91
2021-01-05 2021-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 27,702 168,565 19.67
2020-03-12 2020-03-11 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		P - Purchase 3,000 140,863 2.18 3.33 9,990 469,074
2020-01-03 2020-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 25,511 131,340 24.11
2019-11-08 2019-11-06 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		P - Purchase 4,350 104,043 4.36 4.14 18,005 430,634
2019-01-04 2019-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 9,058 94,833 10.56
2018-04-20 2018-03-30 4 FRPT Freshpet, Inc.
Common Stock 		A - Award 2,280 105,803 2.20
2018-01-03 2018-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 4,920 82,519 6.34
2018-01-03 2017-12-13 4 QUAD Quad/Graphics, Inc.
Class B Common Stock 		G - Gift -9,048 234,012 -3.72
2017-04-05 2017-04-03 4 FRPT Freshpet, Inc.
Common Stock 		A - Award 3,409 103,523 3.41
2017-01-04 2017-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 4,332 75,125 6.12
2016-12-01 2016-11-29 4 QUAD Quad/Graphics, Inc.
Class B Common Stock 		W - Other 2,082 243,060 0.86
2016-12-01 2016-11-29 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		W - Other 198,353 266,974 289.06
2016-09-02 2016-08-31 4 QUAD Quad/Graphics, Inc.
Stock Options (Right to Buy) 		M - Exercise -5,000 0 -100.00
2016-09-02 2016-08-31 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		M - Exercise 5,000 69,885 7.71 23.37 116,850 1,633,212
2016-09-02 2016-08-26 4 QUAD Quad/Graphics, Inc.
Class B Common Stock 		G - Gift -1,723 0 -100.00
2016-09-02 2016-08-25 4 QUAD Quad/Graphics, Inc.
Class B Common Stock 		G - Gift 8,230 240,978 3.54
2016-05-19 2016-05-17 4 FRPT Freshpet, Inc.
Common Stock 		A - Award 4,144 100,114 4.32
2016-05-12 2016-05-10 4 FRPT Freshpet, Inc.
Common Stock 		J - Other 35,167 95,970 57.84
2016-02-11 2016-02-09 4 FRPT Freshpet, Inc.
Common Stock 		J - Other 16,977 60,803 38.74
2016-01-05 2016-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 11,250 63,492 21.53
2015-11-09 2015-11-05 4 FRPT Freshpet, Inc.
Common Stock 		J - Other 28,961 43,826 194.83
2015-08-19 2015-08-17 4 FRPT Freshpet, Inc.
Common Stock 		J - Other 12,365 12,365
2015-04-03 2015-04-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 4,877 50,447 10.70
2015-02-17 2014-06-27 4 QUAD Quad/Graphics, Inc.
Class B Common Stock 		G - Gift 17,204 232,748 7.98
2015-02-17 2014-06-27 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		G - Gift 5,824 66,128 9.66
2014-12-18 2014-12-16 4 FRPT Freshpet, Inc.
Common Stock 		A - Award 2,500 2,500
2014-04-02 2014-03-31 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 4,386 44,522 10.93
2014-02-14 2013-12-06 5 QUAD Quad/Graphics, Inc.
Class B Common Stock 		G - Gift 111,661 215,544 107.49
2014-02-14 2013-09-06 5 QUAD Quad/Graphics, Inc.
Class B Common Stock 		G - Gift -194 103,883 -0.19
2013-01-03 2013-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 6,623 39,291 20.27
2012-05-16 2012-05-14 4 QUAD Quad/Graphics, Inc.
Stock Options (Right to Buy) 		A - Award 7,500 7,500
2012-05-16 2012-05-14 4 QUAD Quad/Graphics, Inc.
Stock Options (Right to Buy) 		A - Award 2,500 2,500
2012-05-16 2012-05-14 4 QUAD Quad/Graphics, Inc.
Stock Options (Right to Buy) 		A - Award 2,500 2,500
2012-05-16 2012-05-14 4 QUAD Quad/Graphics, Inc.
Stock Options (Right to Buy) 		A - Award 5,000 5,000
2012-02-14 2011-08-10 5 QUAD Quad/Graphics, Inc.
Class A Common Stock 		G - Gift 23,731 60,304 64.89
2012-01-04 2012-01-01 4 QUAD Quad/Graphics, Inc.
Class A Common Stock 		A - Award 6,305 31,116 25.41
2010-07-01 3 QUAD Quad/Graphics, Inc.
Class A Common Stock 		19,527
2010-07-01 3 QUAD Quad/Graphics, Inc.
Class A Common Stock 		1,423
2010-07-01 3 QUAD Quad/Graphics, Inc.
Class A Common Stock 		36,573
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)