David Vignes - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of David Vignes. 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 David Vignes 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 David Vignes. 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 KAR / OPENLANE, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in KAR / OPENLANE, 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 (%)
2016-02-20	KAR	Vignes David	190	33.9000	190	33.9000	6,441	361	17.7382	-3,071	-47.67

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales KAR / OPENLANE, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in KAR / OPENLANE, 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 (%)
2016-06-09	KAR	Vignes David	10,275	41.5182	10,275	41.5182	426,600	154	14.6843	-275,718	-64.63
2016-06-09	KAR	Vignes David	19,785	41.5182	19,785	41.5182	821,438
2016-06-09	KAR	Vignes David	18,445	41.5182	18,445	41.5182	765,803
2016-05-20	KAR	Vignes David	5,429	40.5500	5,429	40.5500	220,161
2015-04-01	KAR	Vignes David	10,000	37.7700	10,000	37.7700	377,700
2015-03-02	KAR	Vignes David	10,000	36.2500	10,000	36.2500	362,500
2015-02-02	KAR	Vignes David	10,000	34.1000	10,000	34.1000	341,000
2015-01-02	KAR	Vignes David	4,525	34.5400	4,525	34.5400	156,294
2015-01-02	KAR	Vignes David	5,475	34.5400	5,475	34.5400	189,106
2014-12-01	KAR	Vignes David	10,000	34.2600	10,000	34.2600	342,600
2014-11-05	KAR	Vignes David	22,390	33.0000	22,390	33.0000	738,870
2014-11-03	KAR	Vignes David	10,000	30.3300	10,000	30.3300	303,300
2014-10-28	KAR	Vignes David	10,000	30.0000	10,000	30.0000	300,000
2014-09-15	KAR	Vignes David	10,000	30.3800	10,000	30.3800	303,800
2014-07-03	KAR	Vignes David	39,570	32.5000	39,570	32.5000	1,286,025
2013-11-13	KAR	Vignes David	922	27.1400	922	27.1400	25,023
2013-09-24	KAR	Vignes David	453	26.6250	453	26.6250	12,061
2013-08-13	KAR	Vignes David	567	24.2500	567	24.2500	13,750
2013-07-09	KAR	Vignes David	19,785	24.7500	19,785	24.7500	489,679
2013-07-08	KAR	Vignes David	26,380	24.5000	26,380	24.5000	646,310
2013-06-11	KAR	Vignes David	567	20.4500	567	20.4500	11,595
2013-03-12	KAR	Vignes David	491	18.4800	491	18.4800	9,074
2012-12-11	KAR	Vignes David	510	16.7125	510	16.7125	8,523

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 David Vignes as disclosed to the Securities Exchange Commission (SEC).