Kenneth B Lerer - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Kenneth B Lerer. 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 Kenneth B Lerer 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 Kenneth B Lerer. 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 SRTA / Strata Critical Medical, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in SRTA / Strata Critical Medical, 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 SRTA / Strata Critical Medical, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in SRTA / Strata Critical Medical, 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 (%)
2022-08-16	BLDE	LERER KENNETH B	15,654	6.2664	15,654	6.2664	98,094	261	2.5400	-58,333	-59.47
2022-08-16	BLDE	LERER KENNETH B	8,376	6.2664	8,376	6.2664	52,487
2022-08-15	BLDE	LERER KENNETH B	25,943	6.3397	25,943	6.3397	164,471
2022-08-15	BLDE	LERER KENNETH B	13,883	6.3397	13,883	6.3397	88,014
2022-08-12	BLDE	LERER KENNETH B	48,104	6.5105	48,104	6.5105	313,181
2022-08-12	BLDE	LERER KENNETH B	89,896	6.5105	89,896	6.5105	585,268
2022-08-11	BLDE	LERER KENNETH B	43,921	6.4219	43,921	6.4219	282,056
2022-08-11	BLDE	LERER KENNETH B	82,079	6.4219	82,079	6.4219	527,103
2022-06-06	BLDE	LERER KENNETH B	22,789	7.0287	22,789	7.0287	160,177
2022-06-06	BLDE	LERER KENNETH B	12,195	7.0287	12,195	7.0287	85,715
2022-06-03	BLDE	LERER KENNETH B	20,771	7.0763	20,771	7.0763	146,982
2022-06-03	BLDE	LERER KENNETH B	11,114	7.0763	11,114	7.0763	78,646
2022-06-02	BLDE	LERER KENNETH B	150,961	7.3380	150,961	7.3380	1,107,752
2022-06-02	BLDE	LERER KENNETH B	80,780	7.3380	80,780	7.3380	592,764
2022-06-01	BLDE	LERER KENNETH B	1,297	7.0140	1,297	7.0140	9,097
2022-06-01	BLDE	LERER KENNETH B	694	7.0140	694	7.0140	4,868
2022-05-31	BLDE	LERER KENNETH B	30,989	7.0610	30,989	7.0610	218,813
2022-05-31	BLDE	LERER KENNETH B	16,582	7.0610	16,582	7.0610	117,086
2022-05-26	BLDE	LERER KENNETH B	47,029	7.0310	47,029	7.0310	330,661
2022-05-26	BLDE	LERER KENNETH B	146,873	7.0090	146,873	7.0090	1,029,433
2022-05-26	BLDE	LERER KENNETH B	78,593	7.0090	78,593	7.0090	550,858
2022-05-25	BLDE	LERER KENNETH B	3,931	7.1090	3,931	7.1090	27,945
2022-05-25	BLDE	LERER KENNETH B	8,602	7.1090	8,602	7.1090	61,152
2022-05-25	BLDE	LERER KENNETH B	53,916	7.1090	53,916	7.1090	383,289
2022-05-25	BLDE	LERER KENNETH B	28,851	7.1090	28,851	7.1090	205,102
2022-05-25	BLDE	LERER KENNETH B	102,898	7.0310	102,898	7.0310	723,476

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 Kenneth B Lerer as disclosed to the Securities Exchange Commission (SEC).