Bogdan Nowak - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Bogdan Nowak. 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 Bogdan Nowak 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 Bogdan Nowak. 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 BBT / Brookline Bancorp, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BBT / Brookline 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 (%)
2023-03-13	BRKL	NOWAK BOGDAN	100	10.7400	100	10.7400	1,074	322	11.4800	74	6.89
2023-03-13	BRKL	NOWAK BOGDAN	6	10.7600	6	10.7600	65
2023-03-13	BRKL	NOWAK BOGDAN	100	10.7200	100	10.7200	1,072
2023-03-13	BRKL	NOWAK BOGDAN	100	10.7300	100	10.7300	1,073
2023-03-13	BRKL	NOWAK BOGDAN	300	10.5800	300	10.5800	3,174
2023-03-13	BRKL	NOWAK BOGDAN	294	10.5900	294	10.5900	3,113
2023-03-13	BRKL	NOWAK BOGDAN	207	10.5700	207	10.5700	2,188
2023-03-13	BRKL	NOWAK BOGDAN	600	10.6000	600	10.6000	6,360
2023-03-13	BRKL	NOWAK BOGDAN	201	10.7600	201	10.7600	2,163
2023-03-13	BRKL	NOWAK BOGDAN	493	10.7500	493	10.7500	5,300
2023-03-13	BRKL	NOWAK BOGDAN	14,000	10.7700	14,000	10.7700	150,780
2023-03-13	BRKL	NOWAK BOGDAN	800	10.5800	800	10.5800	8,464
2023-03-13	BRKL	NOWAK BOGDAN	7,799	10.6100	7,799	10.6100	82,747
2023-03-09	BRKL	NOWAK BOGDAN	140	11.6000	140	11.6000	1,624
2023-03-09	BRKL	NOWAK BOGDAN	300	11.5900	300	11.5900	3,477
2023-03-09	BRKL	NOWAK BOGDAN	2,002	11.5800	2,002	11.5800	23,183
2023-03-09	BRKL	NOWAK BOGDAN	1,206	11.5700	1,206	11.5700	13,953
2023-03-09	BRKL	NOWAK BOGDAN	3,416	11.5900	3,416	11.5900	39,591
2023-03-09	BRKL	NOWAK BOGDAN	2,752	11.6000	2,752	11.6000	31,923
2023-03-09	BRKL	NOWAK BOGDAN	1,630	11.5900	1,630	11.5900	18,892
2023-03-09	BRKL	NOWAK BOGDAN	1,900	11.5700	1,900	11.5700	21,983
2023-03-09	BRKL	NOWAK BOGDAN	400	11.5900	400	11.5900	4,636
2023-03-09	BRKL	NOWAK BOGDAN	5,848	11.6100	5,848	11.6100	67,895
2023-03-09	BRKL	NOWAK BOGDAN	1,400	11.5900	1,400	11.5900	16,226
2023-03-09	BRKL	NOWAK BOGDAN	2,282	11.6000	2,282	11.6000	26,471
2023-03-09	BRKL	NOWAK BOGDAN	1,724	11.5800	1,724	11.5800	19,964
2023-03-08	BRKL	NOWAK BOGDAN	4,400	12.1400	4,400	12.1400	53,416
2023-03-08	BRKL	NOWAK BOGDAN	4,030	12.1400	4,030	12.1400	48,924
2023-03-08	BRKL	NOWAK BOGDAN	600	12.1300	600	12.1300	7,278
2023-03-08	BRKL	NOWAK BOGDAN	970	12.1300	970	12.1300	11,766
2023-01-30	BRKL	NOWAK BOGDAN	5,000	12.6000	5,000	12.6000	63,000
2022-09-02	BRKL	NOWAK BOGDAN	100	12.7300	100	12.7300	1,273
2022-09-02	BRKL	NOWAK BOGDAN	484	12.8000	484	12.8000	6,195
2022-09-02	BRKL	NOWAK BOGDAN	4,416	12.7400	4,416	12.7400	56,260
2022-09-02	BRKL	NOWAK BOGDAN	400	12.6600	400	12.6600	5,064
2022-09-02	BRKL	NOWAK BOGDAN	2,208	12.6700	2,208	12.6700	27,975
2022-09-02	BRKL	NOWAK BOGDAN	2,392	12.6600	2,392	12.6600	30,283
2022-08-19	BRKL	NOWAK BOGDAN	738	13.9650	738	13.9650	10,300
2014-02-25	BRKL	NOWAK BOGDAN	2,996	8.9300	2,996	8.9300	26,754
2014-02-25	BRKL	NOWAK BOGDAN	2,739	8.9400	2,739	8.9400	24,487
2014-02-25	BRKL	NOWAK BOGDAN	1,265	8.9500	1,265	8.9500	11,322
2014-02-19	BRKL	NOWAK BOGDAN	800	8.7200	800	8.7200	6,976
2014-02-19	BRKL	NOWAK BOGDAN	1,334	8.7300	1,334	8.7300	11,646
2014-02-19	BRKL	NOWAK BOGDAN	1,400	8.7400	1,400	8.7400	12,236
2014-02-19	BRKL	NOWAK BOGDAN	3,466	8.7500	3,466	8.7500	30,328
2014-02-13	BRKL	NOWAK BOGDAN	900	8.6900	900	8.6900	7,821
2014-02-13	BRKL	NOWAK BOGDAN	5,100	8.7000	5,100	8.7000	44,370
2014-02-12	BRKL	NOWAK BOGDAN	739	8.7900	739	8.7900	6,496
2014-02-12	BRKL	NOWAK BOGDAN	4,264	8.8000	4,264	8.8000	37,523

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

Insider Sales BBT / Brookline 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 BBT / Brookline 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.

Insider Trading History

This table shows the complete list of insider trades made by Bogdan Nowak as disclosed to the Securities Exchange Commission (SEC).