Introduction

This page provides a comprehensive analysis of the known insider trading history of Jay H 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 Jay H Shah has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HT / Hersha Hospitality Trust - Class A Chief Executive Officer, 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 Jay H 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 Jay H 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
2023-11-28 2023-11-28 4 HT HERSHA HOSPITALITY TRUST
6.50% Series E Cumulative Redeemable Preferred Shares 		D - Sale to Issuer -900 0 -100.00
2023-11-28 2023-11-28 4 HT HERSHA HOSPITALITY TRUST
6.50% Series D Cumulative Redeemable Preferred Shares 		D - Sale to Issuer -25,000 0 -100.00
2023-11-28 2023-11-28 4 HT HERSHA HOSPITALITY TRUST
6.875% Series C Cumulative Redeemable Preferred Shares 		D - Sale to Issuer -1,900 0 -100.00
2023-11-28 2023-11-28 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		D - Sale to Issuer -78,640 0 -100.00
2023-11-28 2023-11-28 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		D - Sale to Issuer -514,415 0 -100.00
2022-01-04 2021-12-31 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 332,423 1,824,185 22.28
2021-03-19 2021-03-17 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 267,676 1,491,762 21.87
2020-11-02 2020-10-29 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 5,300 514,415 1.04 4.75 25,175 2,443,471
2020-07-13 2020-07-09 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 20,000 509,115 4.09 5.00 100,000 2,545,575
2020-06-24 2020-06-24 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 20,000 489,115 4.26 5.63 112,600 2,753,717
2020-06-24 2020-06-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 5,000 469,115 1.08 6.00 30,000 2,814,690
2020-06-24 2020-06-22 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 5,000 464,115 1.09 5.96 29,800 2,766,125
2020-05-15 2020-05-14 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 10,000 459,115 2.23 3.73 37,281 1,711,627
2020-05-11 2020-05-07 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 1,782 448,254 0.40 4.10 7,304 1,837,348
2020-05-11 2020-05-11 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 861 449,115 0.19 4.24 3,651 1,904,248
2020-04-28 2020-04-24 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 9,777 446,472 2.24 4.21 41,169 1,880,004
2020-04-15 2020-04-13 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 383,590 1,224,086 45.64
2020-04-09 2020-04-09 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 10,000 436,695 2.34 4.38 43,800 1,912,724
2020-04-09 2020-04-07 4 HT HERSHA HOSPITALITY TRUST
6.50% Series E Cumulative Redeemable Preferred Shares 		P - Purchase 900 900 6.48 5,832 5,832
2020-04-09 2020-04-07 4 HT HERSHA HOSPITALITY TRUST
6.50% Series D Cumulative Redeemable Preferred Shares 		P - Purchase 25,000 25,000 6.35 158,750 158,750
2020-04-09 2020-04-07 4 HT HERSHA HOSPITALITY TRUST
6.875% Series C Cumulative Redeemable Preferred Shares 		P - Purchase 1,900 1,900 7.33 13,927 13,927
2020-03-13 2020-03-11 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 13,000 426,695 3.14 7.59 98,670 3,238,615
2020-03-12 2020-03-10 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 15,000 413,695 3.76 8.31 124,650 3,437,805
2020-03-11 2020-03-09 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 10,500 398,695 2.70 9.35 98,175 3,727,798
2020-03-10 2020-03-06 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 18,000 388,195 4.86 10.54 189,720 4,091,575
2020-03-09 2020-03-05 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 9,000 370,195 2.49 11.20 100,800 4,146,184
2020-03-03 2020-03-02 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 5,000 361,195 1.40 11.49 57,450 4,150,131
2020-03-02 2020-02-28 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 12,000 356,195 3.49 11.62 139,440 4,138,986
2020-03-02 2020-02-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 20,000 344,195 6.17 11.96 239,200 4,116,572
2020-03-02 2020-02-28 4/A HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 12,000 356,195 3.49 11.62 139,440 4,138,986
2020-02-27 2020-02-25 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 4,000 324,195 1.25 12.42 49,680 4,026,502
2020-01-28 2020-01-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 3,846 320,195 1.22 12.98 49,921 4,156,131
2020-01-08 2020-01-07 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 7,300 316,349 2.36 13.51 98,629 4,274,128
2019-12-05 2019-12-03 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 3,575 309,049 1.17 14.00 50,050 4,326,686
2019-10-22 2019-10-18 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 3,703 305,474 1.23 13.10 48,509 4,001,709
2019-10-16 2019-10-14 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase X 3,571 301,771 1.20 13.90 49,653 4,195,945
2019-08-27 2019-08-26 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 3,680 298,200 1.25 13.59 50,011 4,052,538
2019-08-27 2019-08-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 3,640 78,640 4.85 13.72 49,941 1,078,941
2019-08-06 2019-08-06 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 5,100 294,520 1.76 14.75 75,225 4,344,170
2019-03-22 2019-03-21 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 184,893 840,496 28.20
2018-11-05 2018-11-02 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 5,800 289,420 2.04 17.30 100,340 5,006,966
2018-03-30 2018-03-28 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 203,801 655,603 45.11
2018-03-02 2018-03-02 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 2,975 283,620 1.06 16.75 49,831 4,750,635
2017-03-30 2017-03-28 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 64,180 451,802 16.56
2016-11-07 2016-11-03 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 1,471 280,645 0.53 17.00 25,007 4,770,965
2016-11-03 2016-11-01 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 1,429 279,174 0.51 17.50 25,008 4,885,545
2016-09-13 2016-09-12 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 2,015 277,745 0.73 18.14 36,552 5,038,294
2016-09-13 2016-09-09 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 2,685 275,730 0.98 18.59 49,919 5,126,345
2016-09-08 2016-09-06 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 665 273,045 0.24 18.74 12,460 5,116,044
2016-06-29 2016-06-28 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 4,350 272,380 1.62 16.09 70,010 4,383,765
2016-04-01 2016-03-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 105,605 387,622 37.45
2016-02-23 2016-02-19 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		P - Purchase 5,000 343,030 1.48 19.95 99,769 6,844,752
2015-04-01 2015-03-30 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 185,448 1,128,067 19.67
2015-03-16 2014-12-31 5/A HT HERSHA HOSPITALITY TRUST
Partnership Units 		G - Gift -160,869 0 -100.00
2015-03-16 2014-12-31 5/A HT HERSHA HOSPITALITY TRUST
Partnership Units 		G - Gift -50,551 0 -100.00
2014-12-23 2014-12-23 4 HT HERSHA HOSPITALITY TRUST
LTIP Units 		A - Award 942,619 942,619
2014-12-23 2014-12-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		D - Sale to Issuer -942,619 1,351,565 -41.09
2014-12-19 2014-12-18 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		G - Gift -35,000 2,294,184 -1.50
2014-11-07 2014-11-07 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -196,400 2,329,184 -7.78 7.35 -1,443,540 17,119,502
2014-11-07 2014-11-06 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -3,600 2,525,584 -0.14 7.40 -26,640 18,689,322
2014-11-07 2014-11-06 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -300,000 2,529,184 -10.60 7.33 -2,199,000 18,538,919
2014-03-21 2014-03-21 4 ht HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 160,466 2,829,184 6.01
2013-12-26 2013-12-23 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -77,615 2,668,718 -2.83 5.70 -442,406 15,211,693
2013-03-25 2013-03-22 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -23,411 2,746,333 -0.85 5.90 -138,125 16,203,365
2013-03-25 2013-03-22 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Benficial Interest 		S - Sale -14,268 2,769,744 -0.51 5.89 -84,039 16,313,792
2013-03-25 2013-03-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Benficial Interest 		S - Sale -33,911 2,784,012 -1.20 5.89 -199,634 16,389,479
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 1,063,830 2,817,923 60.65
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 280,083 1,754,093 19.00
2013-03-25 2013-03-20 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -100,000 1,474,010 -6.35 5.93 -593,100 8,742,353
2013-01-15 2012-12-31 5 HT HERSHA HOSPITALITY TRUST
Partnership Units 		G - Gift -63,836 160,869 -28.41
2013-01-15 2012-12-31 5 HT HERSHA HOSPITALITY TRUST
Partnership Units 		G - Gift -141,133 50,551 -73.63
2013-01-15 2012-12-28 5 HT HERSHA HOSPITALITY TRUST
Common Shares 		G - Gift -109,403 1,274,010 -7.91
2013-01-15 2012-12-27 5 HT HERSHA HOSPITALITY TRUST
Common Shares 		G - Gift -190,597 1,383,413 -12.11
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -30,000 1,574,010 -1.87 5.01 -150,414 7,891,771
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -31,250 1,604,010 -1.91 5.01 -156,616 8,038,817
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -17,358 1,635,260 -1.05 5.01 -86,979 8,194,124
2012-12-26 2012-12-21 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -21,392 1,652,618 -1.28 5.05 -108,030 8,345,721
2012-04-20 2012-04-18 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 615,167 1,674,010 58.10
2012-03-28 2012-03-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -8,277 1,058,843 -0.78 5.46 -45,156 5,776,624
2012-03-28 2012-03-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -11,980 1,067,120 -1.11 5.43 -65,051 5,794,462
2012-03-28 2012-03-27 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		S - Sale -11,343 1,079,100 -1.04 5.47 -62,069 5,904,835
2012-03-28 2012-03-26 4 HT HERSHA HOSPITALITY TRUST
Class A Common Shares of Beneficial Interest 		A - Award 268,240 1,090,443 32.62
2012-01-26 2011-11-07 5 HT HERSHA HOSPITALITY TRUST
Partnership Units 		G - Gift -270,244 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)