David H Lissy - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of David H Lissy. 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 David H Lissy 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 David H Lissy. 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 BFAM / Bright Horizons Family Solutions Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BFAM / Bright Horizons Family Solutions 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 BFAM / Bright Horizons Family Solutions Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BFAM / Bright Horizons Family Solutions 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 (%)
2025-05-28	BFAM	LISSY DAVID H	6,282	130.0997	6,282	130.0997	817,286	61	111.7800	-115,084	-14.08
2020-11-24	BFAM	LISSY DAVID H	5,810	172.0904	5,810	172.0904	999,845
2020-11-13	BFAM	LISSY DAVID H	25,000	166.3649	25,000	166.3649	4,159,122
2019-12-05	BFAM	LISSY DAVID H	10,000	150.3900	10,000	150.3900	1,503,900
2019-03-14	BFAM	LISSY DAVID H	37,673	124.6800	37,673	124.6800	4,697,070
2018-03-29	BFAM	LISSY DAVID H	100,000	102.3500	100,000	102.3500	10,235,000
2017-11-14	BFAM	LISSY DAVID H	79,112	87.2600	79,112	87.2600	6,903,313
2016-05-18	BFAM	LISSY DAVID H	100,000	65.4200	100,000	65.4200	6,542,000
2015-08-14	BFAM	LISSY DAVID H	25,000	61.0100	25,000	61.0100	1,525,250
2014-04-03	BFAM	LISSY DAVID H	4,100	42.0000	4,100	42.0000	172,200
2014-04-01	BFAM	LISSY DAVID H	10,519	40.0000	10,519	40.0000	420,760
2014-03-21	BFAM	LISSY DAVID H	1,157	40.0000	1,157	40.0000	46,280
2014-03-20	BFAM	LISSY DAVID H	4,024	40.0000	4,024	40.0000	160,960
2014-03-14	BFAM	LISSY DAVID H	13,556	40.0000	13,556	40.0000	542,240
2014-03-13	BFAM	LISSY DAVID H	12,418	40.0000	12,418	40.0000	496,720
2014-03-07	BFAM	LISSY DAVID H	8,326	40.0000	8,326	40.0000	333,040
2014-02-25	BFAM	LISSY DAVID H	5,849	39.0000	5,849	39.0000	228,111
2014-02-24	BFAM	LISSY DAVID H	19,151	39.0000	19,151	39.0000	746,889
2014-02-10	BFAM	LISSY DAVID H	25,998	38.0000	25,998	38.0000	987,924
2013-06-18	BFAM	LISSY DAVID H	33,000	31.7078	33,000	31.7078	1,046,357

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 David H Lissy as disclosed to the Securities Exchange Commission (SEC).