Introduction

This page provides a comprehensive analysis of the known insider trading history of Hasu P 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

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 Hasu P Shah has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HT / Hersha Hospitality Trust - Class A Chairman of the Board, Director 422,055
US:TOBC / Tower Bancorp Inc Director 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Hasu P 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 Trading History

This table shows the complete list of insider trades made by Hasu P Shah 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
2022-01-04 2021-12-31 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 19,923 422,055 4.95 9.04 180,104 3,815,377
2022-01-04 2021-12-31 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 48,361 402,132 13.67
2021-06-03 2021-06-01 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 5,727 353,771 1.65 11.31 64,772 4,001,150
2021-03-19 2021-03-17 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 48,118 348,044 16.04
2021-03-19 2021-03-17 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 7,785 299,926 2.66 12.90 100,426 3,869,045
2020-10-01 2020-09-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 10,938 292,141 3.89 5.54 60,597 1,618,461
2020-07-01 2020-06-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 9,129 281,203 3.36 5.76 52,583 1,619,729
2020-04-28 2020-04-24 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 6,250 224,556 2.86 4.22 26,381 947,851
2020-04-15 2020-04-13 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 18,333 272,074 7.23 3.58 65,632 974,025
2020-04-15 2020-04-13 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 80,919 253,741 46.82
2020-04-09 2020-04-07 4 HT HERSHA HOSPITALITY TRUST
6.50% Series E Cumulative Redeemable Preferred Shares 		P - Purchase 4,000 7,700 108.11 6.25 25,000 48,125
2020-04-09 2020-04-07 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 6,578 218,306 3.11 3.83 25,194 836,112
2020-03-31 2020-03-27 4 HT HERSHA HOSPITALITY TRUST
6.50% Series E Cumulative Redeemable Preferred Shares 		P - Purchase 3,700 3,700 6.55 24,233 24,233
2020-03-02 2020-02-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 8,110 211,728 3.98 11.85 96,104 2,508,977
2019-11-13 2019-11-12 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 3,500 203,618 1.75 14.09 49,329 2,869,792
2019-08-30 2019-08-28 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 3,584 200,118 1.82 13.92 49,889 2,785,643
2019-03-22 2019-03-21 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 29,757 172,822 20.80
2018-12-04 2018-12-03 4 HT HERSHA HOSPITALITY TRUST
6.50% Series D Cumulative Redeemable Preferred Shares 		P - Purchase 1,700 1,700 20.38 34,651 34,651
2018-11-05 2018-11-02 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 1,750 198,284 0.89 17.25 30,188 3,420,399
2018-10-30 2018-10-29 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 1,450 196,534 0.74 17.25 25,012 3,390,212
2018-03-30 2018-03-28 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 31,748 143,065 28.52
2018-01-02 2017-12-28 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -14,500 195,084 -6.92 17.48 -253,460 3,410,068
2017-03-30 2017-03-28 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 20,463 111,317 22.52
2016-08-18 2016-08-17 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 3,000 209,584 1.45 19.00 57,000 3,982,096
2016-06-29 2016-06-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 8,838 206,584 4.47 15.82 139,819 3,268,200
2016-04-01 2016-03-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 34,580 90,854 61.45
2015-04-01 2015-03-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 58,212 225,093 34.88
2014-12-23 2014-12-23 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 166,881 166,881
2014-12-23 2014-12-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		D - Sale to Issuer -166,881 687,317 -19.54
2014-03-21 2014-03-21 4 ht HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 51,900 854,198 6.47
2013-12-26 2013-12-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -15,000 54,130 -21.70 5.69 -85,358 308,027
2013-09-30 2013-09-26 4 HT HERSHA HOSPITALITY TRUST
6.875% Series C Cumulative Redeemable Preferred Shares 		P - Purchase 491 842 139.89 23.10 11,342 19,450
2013-09-30 2013-09-25 4 HT HERSHA HOSPITALITY TRUST
6.875% Series C Cumulative Redeemable Preferred Shares 		P - Purchase 351 351 22.98 8,066 8,066
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 398,936 871,428 84.43
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 88,174 472,492 22.94
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 0 314,605 0.00
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -30,000 69,130 -30.26 5.06 -151,800 349,798
2012-04-20 2012-04-18 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 62,408 314,605 24.75
2012-03-28 2012-03-26 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 85,837 252,197 51.60
2012-02-21 2012-02-17 4 TOBC TOWER BANCORP INC
Director Stock Option (right to buy) 		D - Sale to Issuer -2,000 0 -100.00
2012-02-21 2012-02-17 4 TOBC TOWER BANCORP INC
Director Stock Option (right to buy) 		D - Sale to Issuer -1,260 0 -100.00
2012-02-21 2012-02-17 4 TOBC TOWER BANCORP INC
Common Stock 		D - Sale to Issuer -500 0 -100.00
2012-02-21 2012-02-17 4 TOBC TOWER BANCORP INC
Common Stock 		D - Sale to Issuer -50,945 0 -100.00
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)