Michael Alexander Smith - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael Alexander Smith. 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 Michael Alexander Smith 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 Michael Alexander Smith. 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 INSM / Insmed Incorporated - Short Term Profit Analysis

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

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in INSM / Insmed Incorporated. 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 (%)
2025-07-11	INSM	Smith Michael Alexander	748	96.4100	748	96.4100	72,115	0	98.1800	1,325	1.84
2025-06-03	INSM	Smith Michael Alexander	1,448	71.5000	1,448	71.5000	103,532
2025-05-14	INSM	Smith Michael Alexander	409	65.6100	409	65.6100	26,834
2025-05-13	INSM	Smith Michael Alexander	4,407	67.8100	4,407	67.8100	298,839
2025-02-06	INSM	Smith Michael Alexander	20,650	80.9000	20,650	80.9000	1,670,585
2025-01-10	INSM	Smith Michael Alexander	319	63.3800	319	63.3800	20,218
2025-01-08	INSM	Smith Michael Alexander	1,064	66.2100	1,064	66.2100	70,447
2025-01-07	INSM	Smith Michael Alexander	2,306	65.9800	2,306	65.9800	152,150
2024-08-12	INSM	Smith Michael Alexander	67,655	72.7500	67,655	72.7500	4,921,901
2024-08-12	INSM	Smith Michael Alexander	20,415	73.6500	20,415	73.6500	1,503,565
2024-05-14	INSM	Smith Michael Alexander	5,093	25.4000	5,093	25.4000	129,362
2024-01-09	INSM	Smith Michael Alexander	2,373	28.7600	2,373	28.7600	68,247
2024-01-05	INSM	Smith Michael Alexander	627	29.3050	627	29.3050	18,374
2023-07-11	INSM	Smith Michael Alexander	740	20.1800	740	20.1800	14,933
2023-05-17	INSM	Smith Michael Alexander	1,263	18.1800	1,263	18.1800	22,961
2023-05-16	INSM	Smith Michael Alexander	475	18.4300	475	18.4300	8,754
2023-05-15	INSM	Smith Michael Alexander	1,897	19.2400	1,897	19.2400	36,498
2023-01-10	INSM	Smith Michael Alexander	1,836	17.9300	1,836	17.9300	32,919
2023-01-05	INSM	Smith Michael Alexander	720	19.7200	720	19.7200	14,198
2022-07-12	INSM	Smith Michael Alexander	941	23.4000	941	23.4000	22,019
2022-05-17	INSM	Smith Michael Alexander	1,055	20.3700	1,055	20.3700	21,490
2022-05-16	INSM	Smith Michael Alexander	433	18.4800	433	18.4800	8,002
2022-01-11	INSM	Smith Michael Alexander	407	25.1100	407	25.1100	10,220
2022-01-06	INSM	Smith Michael Alexander	387	26.0000	387	26.0000	10,062
2022-01-05	INSM	Smith Michael Alexander	749	27.6100	749	27.6100	20,680

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 Michael Alexander Smith as disclosed to the Securities Exchange Commission (SEC).