Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04 - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04. 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 Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04 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 Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04. 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 FIBK / First Interstate BancSystem, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FIBK / First Interstate BancSystem, 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.

Insider Sales FIBK / First Interstate BancSystem, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FIBK / First Interstate BancSystem, 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 (%)
2024-11-13	FIBK	Scott Jonathan R	6,500	34.1800	6,500	34.1800	222,170	146	23.8600	-67,080	-30.19
2024-11-12	FIBK	Scott Jonathan R	22,050	33.8000	22,050	33.8000	745,290
2024-07-30	FIBK	Scott Jonathan R	20,000	31.6000	20,000	31.6000	632,000
2024-06-12	FIBK	Scott Jonathan R	14,403	26.1400	14,403	26.1400	376,494
2024-06-11	FIBK	Scott Jonathan R	29,499	25.2900	29,499	25.2900	746,030
2023-09-13	FIBK	Scott Jonathan R	15,000	24.9200	15,000	24.9200	373,800
2023-09-13	FIBK	Scott Jonathan R	29,000	24.8500	29,000	24.8500	720,650
2023-05-17	FIBK	Scott Jonathan R	23,250	23.0700	23,250	23.0700	536,378
2023-05-08	FIBK	Scott Jonathan R	3,000	23.1400	3,000	23.1400	69,420
2023-05-05	FIBK	Scott Jonathan R	26,250	23.2700	26,250	23.2700	610,838
2022-11-11	FIBK	Scott Jonathan R	10,000	44.1600	10,000	44.1600	441,600
2022-11-11	FIBK	Scott Jonathan R	10,000	44.1600	10,000	44.1600	441,600
2022-11-11	FIBK	Scott Jonathan R	10,000	44.1600	10,000	44.1600	441,600
2022-03-11	FIBK	Scott Jonathan R	5,000	39.2500	5,000	39.2500	196,250
2022-03-10	FIBK	Scott Jonathan R	12,850	38.9000	12,850	38.9000	499,865

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 Jonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/04 as disclosed to the Securities Exchange Commission (SEC).