Vicarious Surgical Inc.
US ˙ NYSE

Introduction

This page provides a comprehensive analysis of the known insider trading history of Philip Liang. 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

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Companies with Reported Insider Positions

The SEC filings indicate Philip Liang has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:RBOT / Vicarious Surgical Inc. Director 730,332
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Philip Liang. 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 RBOT / Vicarious Surgical Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RBOT / Vicarious Surgical 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 (%)
2023-05-10 RBOT Liang Philip 7,000 1.9940 233 59.8200 13,958 13 69.9 2,329 16.68
2023-04-11 RBOT Liang Philip 17,002 2.2590 567 67.7700 38,408
2023-04-10 RBOT Liang Philip 5,925 2.2000 198 66.0000 13,035
2023-04-06 RBOT Liang Philip 3,000 2.0500 100 61.5000 6,150
2023-03-28 RBOT Liang Philip 74,300 2.3180 2,477 69.5400 172,227
2023-03-27 RBOT Liang Philip 73,900 2.0700 2,463 62.1000 152,973
2023-03-24 RBOT Liang Philip 60,125 1.6490 2,004 49.4700 99,146
2023-03-23 RBOT Liang Philip 73,500 1.7080 2,450 51.2400 125,538
2023-03-13 RBOT Liang Philip 49,800 2.3651 1,660 70.9530 117,782
2023-03-10 RBOT Liang Philip 9,300 2.3209 310 69.6270 21,584
2023-03-09 RBOT Liang Philip 37,100 2.4966 1,237 74.8980 92,624
2023-03-02 RBOT Liang Philip 30,000 2.5984 1,000 77.9520 77,952
2023-02-23 RBOT Liang Philip 37,500 2.8571 1,250 85.7130 107,141
2023-02-22 RBOT Liang Philip 12,500 2.8346 417 85.0380 35,432
2023-02-14 RBOT Liang Philip 1,200 3.0156 40 90.4680 3,619
2023-02-13 RBOT Liang Philip 15,700 3.1190 523 93.5700 48,968
2023-02-10 RBOT Liang Philip 60,480 3.0590 2,016 91.7700 185,008
2023-02-08 RBOT Liang Philip 79,009 3.0470 2,634 91.4100 240,740
2023-02-07 RBOT Liang Philip 56,180 3.0786 1,873 92.3580 172,956
2023-02-06 RBOT Liang Philip 26,811 3.0500 894 91.5000 81,774

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

RBOT / Vicarious Surgical Inc. Insider Trades
Insider Sales RBOT / Vicarious Surgical Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RBOT / Vicarious Surgical 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 (%)
2022-11-10 RBOT Liang Philip 15,000 3.5900 500 107.7000 53,850 351 10.01 -48,845 -90.71
2022-09-16 RBOT Liang Philip 12,500 3.8130 417 114.3900 47,662
2022-09-15 RBOT Liang Philip 5,700 4.2345 190 127.0350 24,137
2022-09-14 RBOT Liang Philip 7,600 4.2790 253 128.3700 32,520
2022-09-12 RBOT Liang Philip 11,943 4.4840 398 134.5200 53,552
2022-09-09 RBOT Liang Philip 8,057 4.4270 269 132.8100 35,668
2022-08-11 RBOT Liang Philip 16,109 4.3580 537 130.7400 70,203
2022-08-10 RBOT Liang Philip 3,891 4.2370 130 127.1100 16,486
2022-06-06 RBOT Liang Philip 20,000 4.5645 667 136.9350 91,290
2022-05-31 RBOT Liang Philip 28,000 4.2376 933 127.1280 118,653
2022-05-13 RBOT Liang Philip 29,200 3.9198 973 117.5940 114,458
2022-05-12 RBOT Liang Philip 15,000 3.6098 500 108.2940 54,147

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

RBOT / Vicarious Surgical Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Philip Liang 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
2023-05-12 2023-05-10 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 7,000 730,332 0.97 1.99 13,958 1,456,282
2023-04-12 2023-04-11 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 17,002 723,332 2.41 2.26 38,408 1,634,007
2023-04-11 2023-04-10 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 5,925 5,925 2.20 13,035 13,035
2023-04-10 2023-04-06 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 3,000 700,405 0.43 2.05 6,150 1,435,830
2023-03-30 2023-03-28 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 74,300 697,405 11.92 2.32 172,227 1,616,585
2023-03-29 2023-03-27 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 73,900 623,105 13.46 2.07 152,973 1,289,827
2023-03-28 2023-03-24 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 60,125 549,205 12.29 1.65 99,146 905,639
2023-03-27 2023-03-23 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 73,500 489,080 17.69 1.71 125,538 835,349
2023-03-14 2023-03-13 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 49,800 415,580 13.61 2.37 117,782 982,888
2023-03-14 2023-03-10 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 9,300 365,780 2.61 2.32 21,584 848,939
2023-03-10 2023-03-09 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 37,100 356,480 11.62 2.50 92,624 889,988
2023-03-03 2023-03-02 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 30,000 319,380 10.37 2.60 77,952 829,877
2023-02-27 2023-02-23 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 37,500 289,380 14.89 2.86 107,141 826,788
2023-02-24 2023-02-22 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 12,500 251,880 5.22 2.83 35,432 713,979
2023-02-16 2023-02-14 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 1,200 239,380 0.50 3.02 3,619 721,874
2023-02-14 2023-02-13 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 15,700 238,180 7.06 3.12 48,968 742,883
2023-02-13 2023-02-10 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 60,480 222,480 37.33 3.06 185,008 680,566
2023-02-10 2023-02-08 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 79,009 162,000 95.20 3.05 240,740 493,614
2023-02-09 2023-02-06 4/A RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 26,811 26,811 3.05 81,774 81,774
2023-02-09 2023-02-07 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 56,180 82,991 209.54 3.08 172,956 255,496
2023-02-08 2023-02-06 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		P - Purchase 26,811 1,218,338 2.25 3.05 81,774 3,715,931
2023-01-04 2022-12-31 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 6,207 1,191,527 0.52
2022-11-14 2022-11-10 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -15,000 1,185,320 -1.25 3.59 -53,850 4,255,299
2022-10-04 2022-09-30 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 3,743 1,200,320 0.31
2022-09-20 2022-09-16 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -12,500 1,196,577 -1.03 3.81 -47,662 4,562,548
2022-09-16 2022-09-15 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -5,700 1,209,077 -0.47 4.23 -24,137 5,119,837
2022-09-16 2022-09-14 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -7,600 1,214,777 -0.62 4.28 -32,520 5,198,031
2022-09-13 2022-09-12 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -11,943 1,222,377 -0.97 4.48 -53,552 5,481,138
2022-09-12 2022-09-09 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -8,057 1,234,320 -0.65 4.43 -35,668 5,464,335
2022-09-01 2022-08-30 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -30,000 300,001 -9.09
2022-08-12 2022-08-11 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -16,109 1,242,377 -1.28 4.36 -70,203 5,414,279
2022-08-12 2022-08-10 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -3,891 1,258,486 -0.31 4.24 -16,486 5,332,205
2022-07-11 2022-06-30 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 4,264 1,262,377 0.34
2022-06-08 2022-06-06 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -20,000 1,258,113 -1.56 4.56 -91,290 5,742,657
2022-06-03 2022-06-01 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 38,031 1,278,113 3.07
2022-06-01 2022-05-31 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -28,000 1,240,082 -2.21 4.24 -118,653 5,254,971
2022-05-16 2022-05-13 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -29,200 1,268,082 -2.25 3.92 -114,458 4,970,628
2022-05-16 2022-05-12 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		S - Sale -15,000 1,297,282 -1.14 3.61 -54,147 4,682,929
2022-05-04 2022-03-31 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 2,283 1,312,282 0.17
2022-05-04 2021-12-31 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 1,200 1,309,999 0.09
2022-05-02 2022-04-29 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -132,995 43,888 -75.19
2022-04-20 2022-04-19 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -526,179 330,001 -61.46
2022-04-06 2022-04-04 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other 1,007,100 1,308,799 333.81
2022-04-06 2022-04-04 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -1,197,748 856,180 -58.31
2022-04-06 2022-04-01 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other 1,753,928 2,053,928 584.64
2022-04-06 2022-04-01 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -1,833,725 176,883 -91.20
2022-03-23 2022-03-22 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -53,198 2,010,608 -2.58
2022-03-23 2022-03-21 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -59,848 2,063,806 -2.82
2022-03-21 2022-03-17 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 265,990 301,699 744.88
2022-03-21 2022-03-17 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -265,990 2,123,654 -11.13
2022-03-04 2022-03-02 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -66,497 2,389,644 -2.71
2022-02-28 2022-02-25 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -265,990 2,456,141 -9.77
2022-02-18 2022-02-16 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -265,990 2,722,131 -8.90
2022-02-09 2022-02-07 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -6,649,744 2,988,121 -69.00
2022-02-09 2022-02-07 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -6,649,744 2,988,121 -69.00
2022-02-02 2022-01-31 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -398,985 9,637,865 -3.98
2022-02-02 2022-01-31 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		J - Other -398,985 9,637,865 -3.98
2021-11-26 2021-11-23 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 9,624 9,624
2021-11-26 2021-11-23 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 26,085 26,085
2021-10-01 2021-09-17 4 RBOT Vicarious Surgical Inc.
Class A Common Stock 		A - Award 10,036,850 10,036,850
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)