Joshua A Sherbin - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Joshua A Sherbin. 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 Joshua A Sherbin 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 Joshua A Sherbin. 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 TRS / TriMas Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in TRS / TriMas Corporation. 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 TRS / TriMas Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in TRS / TriMas Corporation. 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 (%)
2021-03-05	TRS	Sherbin Joshua A	10,337	32.2700	10,337	32.2700	333,575	136	28.0600	-43,518	-13.05
2021-03-04	TRS	Sherbin Joshua A	1,681	32.2500	1,681	32.2500	54,212
2021-03-03	TRS	Sherbin Joshua A	10,468	32.2700	10,468	32.2700	337,802
2021-03-02	TRS	Sherbin Joshua A	20,110	32.7900	20,110	32.7900	659,407
2020-03-02	TRS	Sherbin Joshua A	11,821	26.4800	11,821	26.4800	313,020
2019-11-26	TRS	Sherbin Joshua A	1,348	31.2500	1,348	31.2500	42,125
2019-11-25	TRS	Sherbin Joshua A	719	31.2500	719	31.2500	22,469
2019-11-05	TRS	Sherbin Joshua A	5,000	30.0015	5,000	30.0015	150,008
2019-05-20	TRS	Sherbin Joshua A	9,257	30.0790	9,257	30.0790	278,441
2019-05-17	TRS	Sherbin Joshua A	12,098	30.3960	12,098	30.3960	367,731
2018-05-21	TRS	Sherbin Joshua A	5,000	29.0300	5,000	29.0300	145,150
2018-04-30	TRS	Sherbin Joshua A	29,546	27.3700	29,546	27.3700	808,674
2018-04-27	TRS	Sherbin Joshua A	454	28.0500	454	28.0500	12,735
2017-11-20	TRS	Sherbin Joshua A	5,528	25.5122	5,528	25.5122	141,031
2017-11-16	TRS	Sherbin Joshua A	8,300	25.5000	8,300	25.5000	211,650
2014-05-27	TRS	Sherbin Joshua A	10,000	35.5300	10,000	35.5300	355,300
2014-05-01	TRS	Sherbin Joshua A	2,000	35.4100	2,000	35.4100	70,820
2013-11-27	TRS	Sherbin Joshua A	4,384	36.5500	4,384	36.5500	160,235
2013-11-18	TRS	Sherbin Joshua A	616	37.3300	616	37.3300	22,995
2013-11-14	TRS	Sherbin Joshua A	10,000	37.3400	10,000	37.3400	373,400
2013-05-08	TRS	Sherbin Joshua A	6,000	31.9100	6,000	31.9100	191,460
2013-03-07	TRS	Sherbin Joshua A	9,000	28.7500	9,000	28.7500	258,750
2012-03-09	TRS	Sherbin Joshua A	10,468	23.0400	10,468	23.0400	241,183
2012-03-09	TRS	Sherbin Joshua A	10,785	23.1800	10,785	23.1800	249,996

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 Joshua A Sherbin as disclosed to the Securities Exchange Commission (SEC).