Empery Digital Inc.

Introduction

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

Security Title Latest Reported Holdings
US:VLCN / Volcon, Inc. Director, 10% Owner 0
US:WSTI / WindStream Technologies, Inc. 10% Owner 140,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Adrian James. 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 EMPD / Empery Digital Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in EMPD / Empery Digital 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 (%)
2021-12-20 VLCN James Adrian 5,600 7.2400 169 240.3680 40,544 15 247725 41,577,256 102,548.48
2021-12-13 VLCN James Adrian 200 12.2000 6 405.0400 2,440
2021-12-13 VLCN James Adrian 2,100 10.9100 63 362.2120 22,911
2021-11-18 VLCN James Adrian 7,767 15.7300 234 522.2360 122,175
2021-11-18 VLCN James Adrian 6,633 16.5500 200 549.4600 109,776
2021-11-17 VLCN James Adrian 7,916 14.6900 238 487.7080 116,286
2021-11-17 VLCN James Adrian 9,175 15.9600 276 529.8720 146,433
2021-11-17 VLCN James Adrian 4,559 16.3200 137 541.8240 74,403
2021-11-16 VLCN James Adrian 34,150 14.3000 1,029 474.7600 488,345
2021-10-25 VLCN James Adrian 6,300 11.1400 190 369.8480 70,182
2021-10-22 VLCN James Adrian 27,302 8.9400 822 296.8080 244,080
2021-10-19 VLCN James Adrian 112,000 9.1500 3,373 303.7800 1,024,800
2021-10-19 VLCN James Adrian 3,000 8.6300 90 286.5160 25,890
2021-10-19 VLCN James Adrian 23,298 8.6700 702 287.8440 201,994
2021-10-18 VLCN James Adrian 147,700 8.7500 4,449 290.5000 1,292,375
2021-10-18 VLCN James Adrian 87,300 9.3800 2,630 311.4160 818,874

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

EMPD / Empery Digital Inc. Insider Trades
Insider Sales EMPD / Empery Digital Inc. - Short Term Loss Analysis

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

EMPD / Empery Digital Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Adrian James 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
2021-12-22 2021-12-20 4 VLCN Volcon, Inc.
Warrant (right to buy) 		M - Exercise -6,250,000 0 -100.00
2021-12-22 2021-12-20 4 VLCN Volcon, Inc.
Common Stock 		M - Exercise 5,507,575 6,744,575 445.24
2021-12-22 2021-12-20 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 5,600 1,237,000 0.45 7.24 40,544 8,955,880
2021-12-14 2021-12-13 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 2,100 1,231,400 0.17 10.91 22,911 13,434,574
2021-12-14 2021-12-13 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 200 1,229,300 0.02 12.20 2,440 14,997,460
2021-11-19 2021-11-18 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 6,633 1,229,100 0.54 16.55 109,776 20,341,605
2021-11-19 2021-11-18 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 7,767 1,222,467 0.64 15.73 122,175 19,229,406
2021-11-18 2021-11-17 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 4,559 1,214,700 0.38 16.32 74,403 19,823,904
2021-11-18 2021-11-17 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 9,175 1,210,141 0.76 15.96 146,433 19,313,850
2021-11-18 2021-11-17 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 7,916 1,200,966 0.66 14.69 116,286 17,642,191
2021-11-17 2021-11-16 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 34,150 1,193,050 2.95 14.30 488,345 17,060,615
2021-10-26 2021-10-25 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 6,300 1,153,900 0.55 11.14 70,182 12,854,446
2021-10-25 2021-10-22 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 27,302 1,147,600 2.44 8.94 244,080 10,259,544
2021-10-22 2021-10-19 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 23,298 1,120,298 2.12 8.67 201,994 9,712,984
2021-10-20 2021-10-19 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 3,000 1,100,000 0.27 8.63 25,890 9,493,000
2021-10-20 2021-10-19 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 112,000 1,097,000 11.37 9.15 1,024,800 10,037,550
2021-10-19 2021-10-18 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 87,300 985,000 9.72 9.38 818,874 9,239,300
2021-10-19 2021-10-18 4 VLCN Volcon, Inc.
Common Stock 		P - Purchase 147,700 897,700 19.69 8.75 1,292,375 7,854,875
2021-10-05 3 VLCN Volcon, Inc.
Common Stock 		750,000
2014-07-17 2014-07-08 4 WSTI Windstream Technologies, Inc.
Common Stock 		P - Purchase 140,000 140,000 0.64 89,600 89,600
2014-07-17 2014-06-26 4 WSTI Windstream Technologies, Inc.
Common Stock 		S - Sale -25,000 9,875,000 -0.25 0.01 -250 98,750
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)