Devang Shah - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Devang Shah. 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 Devang Shah 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 Devang Shah. 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 LOGC / ContextLogic Holdings Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in LOGC / ContextLogic Holdings 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 LOGC / ContextLogic Holdings Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in LOGC / ContextLogic Holdings 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 (%)
2022-06-02	WISH	Shah Devang	172,798	1.9201	5,760	57.6030	331,789	334	6.4900	-294,413	-88.74
2022-06-02	WISH	Shah Devang	30,635	1.9250	1,021	57.7500	58,972
2022-05-26	WISH	Shah Devang	252,725	1.6700	8,424	50.1000	422,051
2022-05-26	WISH	Shah Devang	79,516	1.6800	2,651	50.4000	133,587
2022-04-18	WISH	Shah Devang	7,298	1.9794	243	59.3820	14,446
2022-03-17	WISH	Shah Devang	6,406	1.8980	214	56.9400	12,159
2022-02-17	WISH	Shah Devang	69,670	2.4036	2,322	72.1080	167,459
2022-01-18	WISH	Shah Devang	8,750	2.4500	292	73.5000	21,438
2021-12-17	WISH	Shah Devang	11,002	2.9999	367	89.9970	33,005
2021-11-17	WISH	Shah Devang	94,940	4.8877	3,165	146.6310	464,038
2021-10-18	WISH	Shah Devang	10,333	5.0000	344	150.0000	51,665
2021-09-17	WISH	Shah Devang	10,472	6.3000	349	189.0000	65,974
2021-08-16	WISH	Shah Devang	19,163	6.9170	639	207.5100	132,550
2021-07-19	WISH	Shah Devang	11,492	9.0048	383	270.1440	103,483
2021-06-17	WISH	Shah Devang	10,469	11.1500	349	334.5000	116,729
2021-05-18	WISH	Shah Devang	55,426	8.3660	1,848	250.9800	463,694
2021-03-11	WISH	Shah Devang	100,000	18.5500	3,333	556.5000	1,855,000
2021-03-10	WISH	Shah Devang	50,000	16.2050	1,667	486.1500	810,250
2021-02-26	WISH	Shah Devang	64,263	18.7196	2,142	561.5880	1,202,978
2021-02-26	WISH	Shah Devang	5,388	19.2416	180	577.2480	103,674
2021-02-25	WISH	Shah Devang	45,786	19.2182	1,526	576.5460	879,925
2021-02-25	WISH	Shah Devang	34,189	20.1966	1,140	605.8980	690,502
2021-02-25	WISH	Shah Devang	2,178	20.7995	73	623.9850	45,301
2021-02-24	WISH	Shah Devang	214,949	19.6500	7,165	589.5000	4,223,748
2021-02-24	WISH	Shah Devang	61,423	20.5921	2,047	617.7630	1,264,829
2021-02-24	WISH	Shah Devang	1,722	21.3649	57	640.9470	36,790

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 Devang Shah as disclosed to the Securities Exchange Commission (SEC).