Provident Bancorp, Inc.
US ˙ NasdaqCM ˙ US74383L1052

Introduction

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

Security Title Latest Reported Holdings
US:PVBC / Provident Bancorp, Inc. Director 39,728
Director 7,349
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Laurie H Knapp. 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 PVBC / Provident Bancorp, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PVBC / Provident Bancorp, 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 (%)
2023-07-31 PVBC Knapp Laurie H 693 9.7240 693 9.7240 6,739 358 12.1000 1,647 24.45
2023-07-31 PVBC Knapp Laurie H 135 9.6950 135 9.6950 1,309
2023-07-31 PVBC Knapp Laurie H 201 9.6950 201 9.6950 1,949
2020-05-19 PVBC Knapp Laurie H 275 9.0615 275 9.0615 2,492

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

PVBC / Provident Bancorp, Inc. Insider Trades
Insider Sales PVBC / Provident Bancorp, Inc. - Short Term Loss Analysis

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

PVBC / Provident Bancorp, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Laurie H Knapp 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
2023-08-01 2023-08-01 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		M - Exercise 1,000 39,728 2.58 8.61 8,610 342,058
2023-08-01 2023-07-31 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		P - Purchase 201 7,426 2.78 9.70 1,949 71,995
2023-08-01 2023-07-31 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		P - Purchase 135 7,583 1.81 9.70 1,309 73,517
2023-08-01 2023-07-31 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		P - Purchase 693 38,728 1.82 9.72 6,739 376,591
2022-08-25 2022-08-23 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		M - Exercise 1,000 38,035 2.70 8.61 8,610 327,481
2022-03-03 2021-09-02 4 PVBC Provident Bancorp, Inc. /MD/
Stock Options 		M - Exercise -1,500 23,108 -6.10
2022-03-03 2021-09-02 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		M - Exercise 1,500 36,928 4.23 8.61 12,913 317,902
2022-03-03 2021-08-27 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 1 7,448 0.01 16.55 17 123,255
2022-03-03 2021-08-27 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 1 7,448 0.01 16.55 17 123,255
2022-03-03 2021-08-27 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 55 35,428 0.16 16.55 910 586,287
2021-09-07 2021-09-02 4 PVBC Provident Bancorp, Inc. /MD/
Stock Options 		M - Exercise -1,500 23,108 -6.10
2021-09-07 2021-09-02 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		M - Exercise 1,500 36,928 4.23 8.61 12,913 317,902
2021-09-07 2021-08-27 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 1 7,448 0.01 16.55 17 123,255
2021-09-07 2021-08-27 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 1 7,448 0.01 16.55 17 123,255
2021-09-07 2021-08-27 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 55 35,428 0.16 16.55 910 586,287
2021-03-05 2021-02-26 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 40 35,373 0.11 12.46 498 440,571
2020-12-30 2020-11-17 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 21 7,121 0.30 10.00 210 71,210
2020-12-30 2020-11-17 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 21 35,333 0.06 10.00 210 353,330
2020-12-30 2020-08-11 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 26 7,100 0.37 8.18 213 58,078
2020-12-30 2020-08-11 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		L - Other 26 7,100 0.37 8.18 213 58,078
2020-11-25 2020-11-24 4 PVBC Provident Bancorp, Inc. /MD/
Stock Options 		A - Award 25,500 25,500
2020-11-25 2020-11-24 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		A - Award 10,210 35,286 40.72
2020-08-10 2020-05-19 4 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		P - Purchase 275 7,349 3.89 9.06 2,492 66,593
2020-05-20 2020-05-19 4 PVBC Provident Bancorp, Inc.
Common Stock 		P - Purchase 275 7,349 3.89 9.06 2,492 66,593
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		64,300
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		46,298
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		46,298
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		64,300
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		46,298
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		46,298
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		64,300
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		46,298
2019-10-16 3 PVBC Provident Bancorp, Inc. /MD/
Common Stock 		46,298
2016-11-21 2016-11-17 4 PVBC Provident Bancorp, Inc.
Stock Options 		A - Award 12,175 12,175
2016-11-21 2016-11-17 4 PVBC Provident Bancorp, Inc.
Common Stock 		A - Award 4,871 8,325 141.02
2016-07-22 2016-07-21 4 PVBC Provident Bancorp, Inc.
Common Stock 		P - Purchase 304 3,454 9.65 15.90 4,834 54,919
2015-07-17 2015-07-15 4 PVBC Provident Bancorp, Inc.
Common Stock 		P - Purchase 3,500 3,500 10.00 35,000 35,000
2015-07-17 2015-07-15 4 PVBC Provident Bancorp, Inc.
Common Stock 		P - Purchase 3,500 3,500 10.00 35,000 35,000
2015-07-17 2015-07-15 4 PVBC Provident Bancorp, Inc.
Common Stock 		P - Purchase 3,150 3,150 10.00 31,500 31,500
2015-07-15 3 PVBC Provident Bancorp, Inc.
Common Stock 		0
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)