Sugarmade, Inc.
US ˙ OTCPK

Introduction

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

Companies with Reported Insider Positions

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

Security Title Latest Reported Holdings
US:ASPU / Aspen Group, Inc. Director 172,321
US:SGMD / Sugarmade, Inc. Director 144,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by C James Jensen. 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 SGMD / Sugarmade, Inc. - Short Term Profit Analysis

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

SGMD / Sugarmade, Inc. Insider Trades
Insider Sales SGMD / Sugarmade, Inc. - Short Term Loss Analysis

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

SGMD / Sugarmade, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by C James Jensen 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
2021-01-20 2021-01-15 4 ASPU ASPEN GROUP, INC.
Common Stock
S - Sale -18,034 172,321 -9.47 9.78 -176,336 1,684,955
2021-01-08 2021-01-06 4 ASPU ASPEN GROUP, INC.
Common Stock
A - Award 1,482 190,355 0.78
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -5,000 0 -100.00
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -25,000 0 -100.00
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -2,778 0 -100.00
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Common Stock
F - Taxes -2,881 188,873 -1.50 12.01 -34,601 2,268,365
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 5,000 191,754 2.68 6.92 34,600 1,326,938
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Common Stock
F - Taxes -8,993 186,754 -4.59 12.01 -108,006 2,242,916
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 25,000 195,747 14.64 4.32 108,000 845,627
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Common Stock
F - Taxes -528 170,747 -0.31 12.01 -6,341 2,050,671
2020-09-18 2020-09-16 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 2,778 171,275 1.65 2.28 6,334 390,507
2020-01-07 2020-01-07 4 ASPU ASPEN GROUP, INC.
Common Stock
S - Sale -11,275 168,497 -6.27 7.87 -88,734 1,326,071
2020-01-07 2020-01-06 4 ASPU ASPEN GROUP, INC.
Common Stock
S - Sale -13,836 179,772 -7.15 7.86 -108,751 1,413,008
2020-01-07 2020-01-03 4 ASPU ASPEN GROUP, INC.
Common Stock
S - Sale -42,181 193,608 -17.89 8.02 -338,503 1,553,704
2019-12-11 2019-12-09 4 ASPU ASPEN GROUP, INC.
Employee Stock Option (Right to Buy)
A - Award 5,000 5,000
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -5,556 0 -100.00
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -16,667 0 -100.00
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -20,834 0 -100.00
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -8,334 0 -100.00
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 5,556 235,789 2.41 2.28 12,668 537,599
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 16,667 230,233 7.80 1.92 32,001 442,047
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 20,834 213,566 10.81 1.98 41,251 422,861
2019-09-23 2019-09-19 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 8,334 192,732 4.52 2.43 20,252 468,339
2019-07-15 2019-07-12 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -6,771 0 -100.00
2019-07-15 2019-07-12 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 6,771 184,398 3.81 1.86 12,594 342,980
2019-01-14 2019-01-10 4 ASPU ASPEN GROUP, INC.
Warrants
M - Exercise -21,930 0 -100.00
2019-01-14 2019-01-10 4 ASPU ASPEN GROUP, INC.
Common Stock
F - Taxes -9,693 177,627 -5.17 5.16 -49,996 916,200
2019-01-14 2019-01-10 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 21,930 187,320 13.26 2.28 50,000 427,090
2018-12-27 2018-12-24 4 ASPU ASPEN GROUP, INC.
Common Stock
A - Award 3,000 165,390 1.85
2018-10-04 2018-10-03 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -8,334 0 -100.00
2018-10-04 2018-10-03 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
M - Exercise -12,500 0 -100.00
2018-10-04 2018-10-03 4 ASPU ASPEN GROUP, INC.
Common Stock
F - Taxes -6,791 162,390 -4.01 6.70 -45,500 1,088,013
2018-10-04 2018-10-03 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 8,334 169,181 5.18 2.04 17,001 345,129
2018-10-04 2018-10-03 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 12,500 160,847 8.43 2.28 28,500 366,731
2018-01-09 2018-01-04 4/A ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 35,000 35,000
2018-01-08 2018-01-04 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 35,000 35,000
2017-06-14 2016-09-13 5 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 8,333 8,333
2017-06-14 2016-09-13 5 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
D - Sale to Issuer -8,333 0 -100.00
2017-04-18 2017-04-14 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 25,000 25,000
2016-05-23 2016-05-19 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 200,000 200,000
2015-12-01 2015-11-20 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 250,000 250,000
2015-11-04 2015-10-26 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 15,000 1,456,342 1.04 0.13 2,000 194,130
2015-11-04 2015-10-29 4/A ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 278,800 1,780,142 18.57 0.16 44,775 285,891
2015-10-30 2015-10-28 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 45,000 1,486,342 3.12 0.15 6,624 218,790
2015-10-26 2015-10-23 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 70,000 1,441,342 5.10 0.13 9,401 193,572
2015-10-26 2015-10-22 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 137,500 1,371,342 11.14 0.13 18,081 180,331
2015-10-22 2015-10-21 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 171,700 1,233,842 16.17 0.13 22,750 163,484
2015-10-22 2015-10-20 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 89,507 1,062,142 9.20 0.13 11,636 138,078
2014-12-12 2014-12-11 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 100,000 100,000
2014-09-05 2014-09-04 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 81,250 81,250
2014-04-24 2014-04-22 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
D - Sale to Issuer -150,000 0 -100.00
2014-04-24 2014-04-22 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 150,000 150,000
2014-04-24 2014-04-22 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
D - Sale to Issuer -100,000 0 -100.00
2014-04-24 2014-04-22 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 100,000 100,000
2014-03-12 2014-03-10 4 ASPU ASPEN GROUP, INC.
Warrants
P - Purchase 263,158 263,158
2014-03-12 2014-03-10 4 ASPU ASPEN GROUP, INC.
Common Stock
P - Purchase 263,158 972,635 37.09
2014-02-03 2014-01-29 4 ASPU ASPEN GROUP, INC.
Warrants
M - Exercise -150,000 0 -100.00
2014-02-03 2014-01-29 4 ASPU ASPEN GROUP, INC.
Common Stock
A - Award 37,500 709,477 5.58
2014-02-03 2014-01-29 4 ASPU ASPEN GROUP, INC.
Common Stock
M - Exercise 150,000 671,977 28.74
2013-12-24 2013-12-20 4 ASPU ASPEN GROUP, INC.
Stock Options (Right to Buy)
A - Award 100,000 100,000
2013-11-22 3 ASPU ASPEN GROUP, INC.
Common Stock
521,977
2012-09-10 2012-09-06 4 SGMD Sugarmade, Inc.
Option
J - Other 100,000 144,000 227.27
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)