Bogota Financial Corp.
US ˙ NasdaqCM ˙ US0972351052

Introduction

This page provides a comprehensive analysis of the known insider trading history of Kevin Pace. 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.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Kevin Pace has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:BSBK / Bogota Financial Corp. President and CEO, Director 44,015
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Kevin Pace. 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 BSBK / Bogota Financial Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in BSBK / Bogota Financial Corp.. 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 (%)
2024-06-07 BSBK Pace Kevin 50 6.6500 50 6.6500 332 109 8.5700 96 29.07
2024-06-07 BSBK Pace Kevin 50 6.7500 50 6.7500 338
2024-06-05 BSBK Pace Kevin 12 6.7200 12 6.7200 81
2024-03-15 BSBK Pace Kevin 125 7.3000 125 7.3000 912
2024-03-08 BSBK Pace Kevin 25 7.4000 25 7.4000 185
2024-03-08 BSBK Pace Kevin 50 7.3500 50 7.3500 368
2024-03-07 BSBK Pace Kevin 100 7.4100 100 7.4100 741
2024-03-05 BSBK Pace Kevin 100 7.6000 100 7.6000 760
2024-03-04 BSBK Pace Kevin 51 7.7000 51 7.7000 393
2024-03-04 BSBK Pace Kevin 99 7.6500 99 7.6500 757
2023-05-08 BSBK Pace Kevin 20 8.0500 20 8.0500 161
2023-05-05 BSBK Pace Kevin 100 8.1500 100 8.1500 815
2023-05-05 BSBK Pace Kevin 20 8.1800 20 8.1800 164
2023-05-05 BSBK Pace Kevin 30 8.2000 30 8.2000 246
2020-09-11 BSBK Pace Kevin 100 7.2000 100 7.2000 720
2020-03-12 BSBK Pace Kevin 4,067 8.0100 4,067 8.0100 32,577
2020-03-11 BSBK Pace Kevin 100 8.9500 100 8.9500 895
2020-03-11 BSBK Pace Kevin 130 8.7500 130 8.7500 1,138
2020-03-09 BSBK Pace Kevin 800 9.7400 800 9.7400 7,792
2020-03-09 BSBK Pace Kevin 50 9.1700 50 9.1700 458
2020-03-09 BSBK Pace Kevin 50 9.1200 50 9.1200 456
2020-03-02 BSBK Pace Kevin 7,600 10.2200 7,600 10.2200 77,672
2020-03-02 BSBK Pace Kevin 1,400 10.2500 1,400 10.2500 14,350

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

BSBK / Bogota Financial Corp. Insider Trades
Insider Sales BSBK / Bogota Financial Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in BSBK / Bogota Financial Corp.. 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.

BSBK / Bogota Financial Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Kevin Pace 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
2024-06-07 2024-06-07 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 50 44,015 0.11 6.75 338 297,101
2024-06-07 2024-06-07 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 50 43,965 0.11 6.65 332 292,367
2024-06-07 2024-06-05 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 12 43,915 0.03 6.72 81 295,109
2024-03-18 2024-03-15 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 125 43,903 0.29 7.30 912 320,492
2024-03-08 2024-03-08 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 50 43,778 0.11 7.35 368 321,768
2024-03-08 2024-03-08 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 25 43,728 0.06 7.40 185 323,587
2024-03-08 2024-03-07 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 100 43,703 0.23 7.41 741 323,839
2024-03-06 2024-03-05 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 100 43,603 0.23 7.60 760 331,383
2024-03-06 2024-03-04 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 99 43,503 0.23 7.65 757 332,798
2024-03-06 2024-03-04 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 51 43,404 0.12 7.70 393 334,211
2023-05-09 2023-05-08 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 20 43,353 0.05 8.05 161 348,992
2023-05-09 2023-05-05 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 30 43,333 0.07 8.20 246 355,331
2023-05-09 2023-05-05 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 20 43,303 0.05 8.18 164 354,219
2023-05-09 2023-05-05 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 100 43,283 0.23 8.15 815 352,756
2021-09-07 2021-09-02 4 BSBK Bogota Financial Corp.
Stock Options 		A - Award 80,500 80,500
2021-09-07 2021-09-02 4 BSBK Bogota Financial Corp.
Common Stock 		A - Award 32,236 43,183 294.47
2020-09-14 2020-09-11 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 100 10,947 0.92 7.20 720 78,818
2020-03-16 2020-03-12 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 4,067 4,119 7,821.15 8.01 32,577 32,993
2020-03-13 2020-03-11 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 130 10,847 1.21 8.75 1,138 94,911
2020-03-13 2020-03-11 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 100 10,717 0.94 8.95 895 95,917
2020-03-13 2020-03-09 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 50 10,617 0.47 9.12 456 96,827
2020-03-13 2020-03-09 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 50 10,567 0.48 9.17 458 96,899
2020-03-13 2020-03-09 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 800 10,517 8.23 9.74 7,792 102,436
2020-03-02 2020-03-02 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 1,400 9,717 16.83 10.25 14,350 99,599
2020-03-02 2020-03-02 4 BSBK Bogota Financial Corp.
Common Stock 		P - Purchase 7,600 8,317 1,059.97 10.22 77,672 85,000
2020-01-15 3 BSBK Bogota Financial Corp.
Common Stock 		1,486
2020-01-15 3 BSBK Bogota Financial Corp.
Common Stock 		821
2020-01-15 3 BSBK Bogota Financial Corp.
Common Stock 		1,486
2020-01-15 3 BSBK Bogota Financial Corp.
Common Stock 		821
2020-01-15 3 BSBK Bogota Financial Corp.
Common Stock 		1,486
2020-01-15 3 BSBK Bogota Financial Corp.
Common Stock 		821
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)