Introduction

This page provides a comprehensive analysis of the known insider trading history of Matthew C Mirchin. 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 Matthew C Mirchin has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
BR:U1AI34 / Under Armour, Inc. - Depositary Receipt (Common Stock) President of North America 29,117
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Matthew C Mirchin. 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 Trading History

This table shows the complete list of insider trades made by Matthew C Mirchin 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
2016-08-26 2016-08-25 4 UAC Under Armour, Inc.
Class C Common Stock 		S - Sale -17,075 29,117 -36.97 38.90 -664,182 1,132,590
2016-08-26 2016-08-25 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -16,015 29,869 -34.90 42.92 -687,365 1,281,980
2016-04-26 2016-04-25 4 UAC Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -15,000 105,000 -12.50
2016-04-26 2016-04-25 4 UAC Under Armour, Inc.
Class C Common Stock 		S - Sale -26,394 45,867 -36.53 44.38 -1,171,252 2,035,380
2016-04-26 2016-04-25 4 UAC Under Armour, Inc.
Class C Common Stock 		M - Exercise 15,000 72,261 26.20 3.53 52,896 254,821
2016-04-26 2016-04-25 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -15,000 105,000 -12.50
2016-04-26 2016-04-25 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -26,377 45,884 -36.50 46.43 -1,224,784 2,130,568
2016-04-26 2016-04-25 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 15,000 72,261 26.20 3.58 53,642 258,413
2016-02-17 2016-02-15 4 UA Under Armour, Inc.
Class A Common Stock 		F - Taxes -13,994 57,261 -19.64
2016-02-10 2016-02-09 4 UA Under Armour, Inc.
Class A Common Stock 		A - Award 18,634 71,255 35.41
2015-02-24 2015-02-23 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -12,000 52,621 -18.57 75.88 -910,590 3,993,013
2015-02-18 2015-02-15 4 UA Under Armour, Inc.
Class A Common Stock 		F - Taxes -14,798 64,621 -18.63
2015-02-12 2015-02-11 4 UA Under Armour, Inc.
Class A Common Stock 		A - Award 24,156 79,419 43.71
2015-02-12 2015-02-11 4 UA Under Armour, Inc.
Class A Common Stock 		A - Award 36,000 55,263 186.89
2015-01-14 2015-01-12 4 UA Under Armour, Inc.
Class A Common Stock 		G - Gift -149 19,263 -0.77
2014-03-14 2014-03-07 4 UA Under Armour, Inc.
Class A Common Stock 		G - Gift -90 9,706 -0.92
2014-02-19 2014-02-15 4 UA Under Armour, Inc.
Class A Common Stock 		F - Taxes -1,926 9,796 -16.43
2014-02-04 2014-02-03 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -30,000 0 -100.00
2014-02-04 2014-02-03 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -9,275 11,722 -44.17 106.50 -987,788 1,248,393
2014-02-04 2014-02-03 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -20,725 20,997 -49.67 105.97 -2,196,228 2,225,052
2014-02-04 2014-02-03 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 30,000 41,722 255.93 12.06 361,650 502,959
2014-02-03 2014-01-30 4 UA Under Armour, Inc.
Class A Common Stock 		A - Award 8,000 11,722 214.94
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -10,000 0 -100.00
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -20,000 0 -100.00
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -15,000 0 -100.00
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -300 3,722 -7.46 83.72 -25,116 311,606
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -44,700 4,022 -91.75 83.13 -3,715,911 334,349
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 10,000 48,722 25.83 6.86 68,550 333,989
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 20,000 38,722 106.83 21.82 436,500 845,108
2013-11-19 2013-11-15 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 15,000 18,722 403.01 22.56 338,400 422,368
2013-07-30 2013-07-29 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -50,000 10,000 -83.33
2013-07-30 2013-07-29 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -50,000 3,722 -93.07 67.01 -3,350,500 249,411
2013-07-30 2013-07-29 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 50,000 53,722 1,343.36 6.86 342,750 368,264
2013-05-22 2013-05-22 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -15,000 15,000 -50.00
2013-05-22 2013-05-22 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale X -15,000 3,722 -80.12 65.00 -975,000 241,930
2013-05-22 2013-05-22 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 15,000 18,722 403.01 22.56 338,400 422,368
2013-04-03 2013-03-25 4 UA Under Armour, Inc.
Class A Common Stock 		G - Gift -200 3,722 -5.10
2013-02-01 2013-01-31 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		A - Award 60,000 60,000
2012-07-27 2012-07-27 4 UA Under Armour, Inc.
Class A Common Stock 		S - Sale -15,000 3,922 -79.27 54.89 -823,318 215,270
2012-05-10 3 UA Under Armour, Inc.
Class A Common Stock 		9,461
2008-01-23 2008-01-18 4 UA Under Armour, Inc.
Employee Stock Option (Right to Buy) 		M - Exercise -10,000 42,500 -19.05
2008-01-23 2008-01-18 4 UA Under Armour, Inc.
Class A Common Stock 		M - Exercise 10,000 70,359 16.57 10.77 107,700 757,764
2005-11-17 3 UARM Under Armour, Inc.
Class A Common Stock 		70,000
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)