Herlocker James H. III - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Herlocker James H. III. 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 Herlocker James H. III 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 Herlocker James H. III. 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 TCBS / Texas Community Bancshares, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in TCBS / Texas Community 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 (%)
2023-09-11	TCBS	Herlocker James H. III	300	12.2500	300	12.2500	3,675	101	15.2500	900	24.49
2023-08-18	TCBS	Herlocker James H. III	500	12.3462	500	12.3462	6,173
2023-08-16	TCBS	Herlocker James H. III	500	12.4500	500	12.4500	6,225
2023-08-15	TCBS	Herlocker James H. III	500	12.5000	500	12.5000	6,250
2023-05-24	TCBS	Herlocker James H. III	300	11.8400	300	11.8400	3,552
2023-05-18	TCBS	Herlocker James H. III	200	11.3400	200	11.3400	2,268
2022-11-25	TCBS	Herlocker James H. III	500	15.3785	500	15.3785	7,689
2022-11-18	TCBS	Herlocker James H. III	100	15.3600	100	15.3600	1,536
2022-11-18	TCBS	Herlocker James H. III	551	15.3800	551	15.3800	8,474
2022-09-08	TCBS	Herlocker James H. III	500	15.9000	500	15.9000	7,950
2022-08-15	TCBS	Herlocker James H. III	1,000	16.0000	1,000	16.0000	16,000
2022-06-15	TCBS	Herlocker James H. III	500	15.8600	500	15.8600	7,930
2022-06-01	TCBS	Herlocker James H. III	500	16.5000	500	16.5000	8,250
2022-05-19	TCBS	Herlocker James H. III	364	15.8500	364	15.8500	5,769

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

Insider Sales TCBS / Texas Community 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 TCBS / Texas Community 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 Herlocker James H. III as disclosed to the Securities Exchange Commission (SEC).