Establishment Labs Holdings Inc.
US ˙ NasdaqCM ˙ VGG312491084

Introduction

This page provides a comprehensive analysis of the known insider trading history of JW Asset Management, LLC. 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.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate JW Asset Management, LLC has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:TSNDF / TerrAscend Corp. Executive Chairman, Director, 10% Owner 83,940,245
US:ESTA / Establishment Labs Holdings Inc. 10% Owner 3,082,785
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by JW Asset Management, LLC. 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 ESTA / Establishment Labs Holdings Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ESTA / Establishment Labs Holdings 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 (%)
2022-05-13 ESTA JW Asset Management, LLC 5,000 54.8300 5,000 54.8300 274,150 341 75.8900 105,300 38.41
2022-05-09 ESTA JW Asset Management, LLC 10,000 57.5200 10,000 57.5200 575,200
2022-04-13 ESTA JW Asset Management, LLC 35,000 70.0100 35,000 70.0100 2,450,350
2022-03-14 ESTA JW Asset Management, LLC 10,000 52.6300 10,000 52.6300 526,300
2022-03-02 ESTA JW Asset Management, LLC 5,000 59.4500 5,000 59.4500 297,250
2022-02-28 ESTA JW Asset Management, LLC 10,000 59.4200 10,000 59.4200 594,200
2019-10-08 ESTA JW Asset Management, LLC 1,000 18.7400 1,000 18.7400 18,740
2019-09-19 ESTA JW Asset Management, LLC 1,000 20.0000 1,000 20.0000 20,000
2019-08-23 ESTA JW Asset Management, LLC 1,000 20.4000 1,000 20.4000 20,400
2019-08-20 ESTA JW Asset Management, LLC 1,000 20.0000 1,000 20.0000 20,000
2019-08-16 ESTA JW Asset Management, LLC 2,000 21.4200 2,000 21.4200 42,840
2019-08-12 ESTA JW Asset Management, LLC 3,000 22.1500 3,000 22.1500 66,450
2019-07-31 ESTA JW Asset Management, LLC 1,500 25.3050 1,500 25.3050 37,958
2019-07-29 ESTA JW Asset Management, LLC 2,500 25.5800 2,500 25.5800 63,950

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

ESTA / Establishment Labs Holdings Inc. Insider Trades
Insider Sales ESTA / Establishment Labs Holdings Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ESTA / Establishment Labs Holdings 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 (%)
2025-07-01 ESTA JW Asset Management, LLC 9,700 44.3800 9,700 44.3800 430,486 42 33.6200 -104,372 -24.25
2024-12-04 ESTA JW Asset Management, LLC 100,000 45.1500 100,000 45.1500 4,515,000

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

ESTA / Establishment Labs Holdings Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by JW Asset Management, LLC 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
2025-08-27 2025-08-27 4 TSNDF TerrAscend Corp.
Common Shares 		S - Sale -8,415,414 83,940,245 -9.11
2025-07-02 2025-07-01 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		S - Sale -9,700 3,082,785 -0.31 44.38 -430,486 136,813,998
2025-06-25 2025-06-24 4 TSNDF TerrAscend Corp.
Common Shares 		A - Award 1,364,423 92,355,659 1.50
2024-12-06 2024-12-04 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		S - Sale -100,000 3,092,485 -3.13 45.15 -4,515,000 139,625,698
2024-09-16 2024-09-16 4 TSNDF TerrAscend Corp.
Common Shares 		A - Award 214,399 90,991,236 0.24
2024-06-20 2024-06-17 4 TSNDF TerrAscend Corp.
Common Shares 		A - Award 362,161 90,776,837 0.40
2023-12-26 2023-12-22 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 12,000 90,414,676 0.01 1.46 17,484 131,734,183
2023-12-19 2023-12-18 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 15,000 90,402,676 0.02 1.39 20,826 125,515,075
2023-12-12 2023-12-11 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,387,676 0.01 1.53 15,310 138,383,532
2023-12-07 2023-12-06 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,377,676 0.01 1.59 15,855 143,293,805
2023-12-06 2023-12-04 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 15,000 90,367,676 0.02 1.58 23,706 142,817,075
2023-11-21 2023-11-20 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 12,000 90,352,676 0.01 1.49 17,914 134,878,475
2023-11-20 2023-11-17 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 18,200 90,340,676 0.02 1.51 27,571 136,857,090
2023-11-16 2023-11-15 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 15,000 90,322,476 0.02 1.56 23,367 140,704,353
2023-09-29 2023-09-28 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 75,000 90,307,476 0.08 2.04 153,308 184,597,512
2023-09-26 2023-09-25 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 30,000 90,232,476 0.03 2.08 62,286 187,340,667
2023-09-25 2023-09-22 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,202,476 0.01 2.10 21,000 189,425,200
2023-09-22 2023-09-21 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 5,000 90,192,476 0.01 2.01 10,072 181,674,704
2023-09-21 2023-09-20 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 27,450 90,187,476 0.03 2.01 55,224 181,439,164
2023-09-20 2023-09-19 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 15,000 90,160,026 0.02 2.02 30,350 182,420,781
2023-09-19 2023-09-18 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 25,000 90,145,026 0.03 2.06 51,600 186,059,334
2023-09-18 2023-09-15 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 85,000 90,120,026 0.09 2.18 185,138 196,290,429
2023-09-14 2023-09-13 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 5,000 90,035,026 0.01 2.10 10,500 189,073,555
2023-09-13 2023-09-12 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 15,000 90,030,026 0.02 2.11 31,604 189,684,262
2023-09-12 2023-09-11 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 100,000 90,015,026 0.11 2.22 221,600 199,473,298
2023-09-11 2023-09-08 4 TSNDF TerrAscend Corp.
Common Shares 		P - Purchase 25,000 89,915,026 0.03 2.19 54,868 197,336,508
2023-09-07 2023-09-06 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 50,000 89,890,026 0.06 2.15 107,315 192,930,963
2023-09-06 2023-09-05 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 100,000 89,840,026 0.11 2.19 219,320 197,037,145
2023-06-29 2023-06-28 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 700,002 87,064,662 0.81 1.50 1,050,003 130,596,993
2023-06-29 2023-06-28 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 100,000 2,675,364 3.88 1.50 150,000 4,013,046
2023-06-26 2023-06-22 4 TRSSF TerrAscend Corp.
RSUs (Common Shares) 		A - Award 294,117 88,940,024 0.33
2023-03-30 2023-03-29 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 10,500 88,645,907 0.01 1.53 16,019 135,238,196
2023-03-28 2023-03-27 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 43,150 88,635,407 0.05 1.43 61,843 127,032,265
2023-03-27 2023-03-24 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 20,000 88,592,257 0.02 1.44 28,752 127,360,229
2023-03-24 2023-03-23 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 21,600 88,572,257 0.02 1.45 31,240 128,102,055
2022-12-29 2022-12-29 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 100,000 88,550,657 0.11 1.07 107,100 94,837,754
2022-12-28 2022-12-23 4 TRSSF TerrAscend Corp.
Common Shares 		S - Sale -2,149,847 88,450,657 -2.37
2022-09-29 2022-09-28 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 65,000 90,600,504 0.07 1.36 88,192 122,926,764
2022-09-28 2022-09-27 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,535,504 0.01 1.32 13,198 119,488,758
2022-09-27 2022-09-26 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 23,700 90,525,504 0.03 1.34 31,853 121,666,277
2022-08-12 2022-08-10 4 TRSSF TerrAscend Corp.
RSUs (Common Shares) 		A - Award 131,004 90,501,804 0.14 2.29 299,999 207,249,131
2022-06-29 2022-06-27 4 TRSSF TerrAscend Corp.
RSUs Common Shares 		A - Award 72,992 90,370,800 0.08 2.74 199,998 247,615,992
2022-06-24 2022-06-23 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 20,000 90,297,808 0.02 2.53 50,600 228,453,454
2022-06-22 2022-06-21 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,277,808 0.01 2.54 25,400 229,305,632
2022-06-21 2022-06-17 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 5,000 90,267,808 0.01 2.72 13,600 245,528,438
2022-06-17 2022-06-16 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 25,000 90,262,808 0.03 2.74 68,625 247,771,408
2022-06-06 2022-06-03 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 5,000 90,237,808 0.01 3.74 18,700 337,489,402
2022-05-31 2022-05-27 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,232,808 0.01 3.70 37,000 333,861,390
2022-05-26 2022-05-25 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 8,070 90,222,808 0.01 3.72 30,020 335,628,846
2022-05-20 2022-05-19 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,214,738 0.01 3.73 37,300 336,500,973
2022-05-16 2022-05-13 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		P - Purchase 5,000 3,192,485 0.16 54.83 274,150 175,043,953
2022-05-10 2022-05-09 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		P - Purchase 10,000 3,187,485 0.31 57.52 575,200 183,344,137
2022-04-14 2022-04-13 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		P - Purchase 35,000 3,177,485 1.11 70.01 2,450,350 222,455,725
2022-04-01 2022-03-25 4 TRSSF TerrAscend Corp.
Common Shares 		S - Sale -4,764 90,204,738 -0.01 5.40 -25,726 487,105,585
2022-03-24 2022-03-22 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 10,000 90,209,502 0.01 5.52 55,200 497,956,451
2022-03-23 2022-03-21 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 200,000 90,199,502 0.22 5.60 1,120,000 505,117,211
2022-03-23 2022-03-21 4 TRSSF TerrAscend Corp.
Common Shares 		P - Purchase 30,000 89,999,502 0.03 5.57 167,100 501,297,226
2022-03-16 2022-03-14 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		P - Purchase 10,000 3,142,485 0.32 52.63 526,300 165,388,986
2022-03-14 2022-03-10 4 TRSSF TerrAscend Corp.
Warrants 		U - Other 1,757,728 35,720,517 5.18
2022-03-14 2022-03-10 4 TRSSF TerrAscend Corp.
Warrants 		U - Other 5,371,789 33,962,789 18.79
2022-03-14 2022-03-10 4 TRSSF TerrAscend Corp.
Common Shares 		U - Other 9,056,759 88,174,507 11.45
2022-03-14 2022-03-10 4 TRSSF TerrAscend Corp.
Common Shares 		U - Other 1,410,470 1,794,995 366.81
2022-03-04 2022-03-02 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Shares 		P - Purchase 5,000 3,132,485 0.16 59.45 297,250 186,226,233
2022-03-02 2022-02-28 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 10,000 3,127,485 0.32 59.42 594,200 185,835,159
2022-01-03 3 TRSSF TerrAscend Corp.
Common Stock 		79,117,748
2022-01-03 3 TRSSF TerrAscend Corp.
Common Stock 		384,525
2019-10-09 2019-10-08 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 1,000 3,117,485 0.03 18.74 18,740 58,421,669
2019-09-20 2019-09-19 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 1,000 3,116,485 0.03 20.00 20,000 62,329,700
2019-08-26 2019-08-23 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 1,000 3,115,485 0.03 20.40 20,400 63,555,894
2019-08-21 2019-08-20 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 1,000 3,114,485 0.03 20.00 20,000 62,289,700
2019-08-19 2019-08-16 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 2,000 3,113,485 0.06 21.42 42,840 66,690,849
2019-08-12 2019-08-12 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 3,000 3,111,485 0.10 22.15 66,450 68,919,393
2019-08-02 2019-07-31 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 1,500 3,108,485 0.05 25.30 37,958 78,660,213
2019-07-30 2019-07-29 4 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		P - Purchase 2,500 3,106,985 0.08 25.58 63,950 79,476,676
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
2019-06-04 3 ESTA ESTABLISHMENT LABS HOLDINGS INC.
Common Stock 		6,208,970
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)