Introduction

This page provides a comprehensive analysis of the known insider trading history of Vivaldi Asset Management, LLC. 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 Vivaldi Asset Management, LLC has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
10,138
118
28,895
11,043
US: / INFINITY CORE ALTERNATIVE FUND 0
US:VFLEX / Relative Value Fund - First Trust Alternative Opportunities Fund Class I 0
US:VAM / Vivaldi Opportunities Fund 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 Vivaldi Asset Management, LLC. 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 Vivaldi Asset Management, LLC 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
2025-07-28 3 N/A FT Vest Hedged Equity Income Fund: Series B2
Class I Common Shares
2025-07-28 3 N/A FT Vest Total Return Income Fund: Series B2
Class I Common Shares
2025-05-15 2025-01-27 5 NA First Trust Private Assets Fund
COMMON SHARES 		J - Other 138 10,138 1.38 11.02 1,522 111,722
2025-05-15 2025-03-05 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.84 10.16 10 1,197
2025-05-15 2025-02-05 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.83 10.19 10 1,200
2025-05-15 2024-12-13 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 2 118 1.52 10.12 18 1,192
2025-05-15 2024-12-04 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.81 10.25 10 1,207
2025-05-15 2024-11-06 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.80 10.31 10 1,215
2025-05-15 2024-10-02 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.80 10.29 10 1,212
2025-05-15 2024-09-04 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.80 10.31 10 1,215
2025-05-15 2024-08-07 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.78 10.30 9 1,213
2025-05-15 2024-07-03 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.78 10.34 9 1,218
2025-05-15 2024-06-05 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.77 10.37 9 1,222
2025-05-15 2024-05-01 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.77 10.35 9 1,219
2025-05-15 2024-04-03 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 118 0.76 10.37 9 1,222
2025-05-15 2024-12-13 5 HFLEX First Trust Hedged Strategies Fund
CLASS I COMMON SHARES 		J - Other 473 28,895 1.66 11.18 5,288 323,044
2025-05-15 2024-12-13 5 HFLEX First Trust Hedged Strategies Fund
CLASS A COMMON SHARES 		J - Other 1 103 1.39 11.13 16 1,145
2025-05-15 2024-12-13 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 138 11,043 1.27 9.07 1,251 100,156
2025-05-15 2024-10-02 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 136 11,043 1.25 9.17 1,251 101,260
2025-05-15 2024-07-03 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 135 11,043 1.23 9.18 1,235 101,371
2025-05-15 2024-04-03 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 133 11,043 1.22 9.23 1,226 101,923
2025-05-01 3 N/A FT Vest Hedged Equity Income Fund: Series B1
Class I Common Shares
2025-05-01 3 N/A FT Vest Total Return Income Fund: Series B1
Class I Common Shares
2025-01-27 3 N/A FT Vest Total Return Income Fund: Series A4
Class I Common Shares
2025-01-27 3 N/A FT Vest Hedged Equity Income Fund: Series A4
Class I Common Shares
2024-11-26 3 N/A FT Vest Rising Dividend Achievers Total Return Fund
Class I Common Shares
2024-10-16 3 N/A FT Vest Total Return Income Fund: Series A3
Class I Common Shares
2024-10-16 3 N/A FT Vest Hedged Equity Income Fund: Series A3
Class I Common Shares
2024-05-10 2023-12-08 5 HFLEX First Trust Hedged Strategies Fund
CLASS A COMMON SHARES 		J - Other 1 101 1.48 9.98 15 1,013
2024-05-10 2023-12-08 5 HFLEX First Trust Hedged Strategies Fund
CLASS I COMMON SHARES 		J - Other 504 28,422 1.80 9.98 5,027 283,650
2024-05-10 2024-03-06 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 106 0.84 10.37 9 1,097
2024-05-10 2024-02-07 5 FTCAX First Trust Private Credit Fund
CLASS A COMMON SHARES 		J - Other 1 106 0.83 10.38 9 1,098
2024-05-10 2023-12-08 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 23 10,501 0.22 9.39 215 98,603
2024-05-10 2023-10-04 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 131 10,501 1.26 9.40 1,230 98,708
2024-05-10 2023-07-05 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 129 10,501 1.25 9.48 1,226 99,548
2024-05-10 2023-04-05 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 128 10,501 1.23 9.60 1,226 100,808
2024-01-03 2023-12-29 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		S - Sale -11,067 0 -100.00 10.33 -114,322
2024-01-03 2023-12-08 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 145 11,067 1.32 10.21 1,476 112,994
2024-01-03 2023-12-08 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 104 0.95 10.23 10 1,065
2024-01-03 2023-12-06 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 87 10,922 0.80 10.33 901 112,829
2024-01-03 2023-12-06 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 103 0.72 10.31 8 1,063
2024-01-03 2023-11-01 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 86 10,835 0.80 10.27 888 111,278
2024-01-03 2023-11-01 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 102 0.72 10.26 7 1,050
2024-01-03 2023-10-04 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 86 10,749 0.81 10.29 884 110,605
2024-01-03 2023-10-04 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 102 0.72 10.29 8 1,046
2024-01-03 2023-09-06 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 85 10,663 0.80 10.29 876 109,721
2024-01-03 2023-09-06 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 101 0.72 10.27 7 1,036
2024-01-03 2023-08-02 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 63 10,578 0.60 10.23 648 108,211
2024-01-03 2023-08-02 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 100 0.58 10.21 6 1,023
2024-01-03 2023-07-05 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 63 10,514 0.60 10.16 638 106,827
2024-01-03 2023-07-05 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 100 0.59 10.15 6 1,011
2024-01-03 2023-06-07 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 63 10,452 0.60 10.12 633 105,770
2024-01-03 2023-06-07 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 99 0.59 10.11 6 1,001
2024-01-03 2023-06-02 4 FTPCX First Trust Private Credit Fund
Class A Common Shares 		P - Purchase 98 98 10.16 1,000 1,000
2024-01-03 2023-05-03 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 62 10,389 0.60 10.06 625 104,514
2024-01-03 2023-04-05 4 FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 62 10,327 0.60 10.03 620 103,579
2024-01-03 2023-12-29 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		S - Sale -11,067 0 -100.00 10.33 -114,322
2024-01-03 2023-12-08 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 145 11,067 1.32 10.21 1,476 112,994
2024-01-03 2023-12-08 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 104 0.95 10.23 10 1,065
2024-01-03 2023-12-06 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 87 10,922 0.80 10.33 901 112,829
2024-01-03 2023-12-06 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 103 0.72 10.31 8 1,063
2024-01-03 2023-11-01 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 86 10,835 0.80 10.27 888 111,278
2024-01-03 2023-11-01 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 102 0.72 10.26 7 1,050
2024-01-03 2023-10-04 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 86 10,749 0.81 10.29 884 110,605
2024-01-03 2023-10-04 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 102 0.72 10.29 8 1,046
2024-01-03 2023-09-06 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 85 10,663 0.80 10.29 876 109,721
2024-01-03 2023-09-06 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 101 0.72 10.27 7 1,036
2024-01-03 2023-08-02 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 63 10,578 0.60 10.23 648 108,211
2024-01-03 2023-08-02 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 100 0.58 10.21 6 1,023
2024-01-03 2023-07-05 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 63 10,514 0.60 10.16 638 106,827
2024-01-03 2023-07-05 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 100 0.59 10.15 6 1,011
2024-01-03 2023-06-07 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 63 10,452 0.60 10.12 633 105,770
2024-01-03 2023-06-07 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		J - Other 1 99 0.59 10.11 6 1,001
2024-01-03 2023-06-02 4/A FTPCX First Trust Private Credit Fund
Class A Common Shares 		P - Purchase 98 98 10.16 1,000 1,000
2024-01-03 2023-05-03 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 62 10,389 0.60 10.06 625 104,514
2024-01-03 2023-04-05 4/A FTPCX First Trust Private Credit Fund
Class I Common Shares 		J - Other 62 10,327 0.60 10.03 620 103,579
2023-10-13 2023-10-11 4 HFLEX First Trust Hedged Strategies Fund
Class I Common Shares 		J - Other 9,960 17,918 125.16 10.04 100,000 179,898
2023-08-07 2023-07-03 4 HFLEX First Trust Hedged Strategies Fund
Class I Common Shares 		J - Other 7,958 17,958 79.58 10.00 79,580 179,580
2023-08-07 2023-07-03 4 HFLEX First Trust Hedged Strategies Fund
Class A Common Shares 		P - Purchase 100 10.00 1,000
2023-07-06 3 HFLEX First Trust Hedged Strategies Fund
Class I Common Shares 		10,000
2023-05-15 2023-03-01 5 FTPCX First Trust Private Credit Fund
CLASS I COMMON SHARES 		J - Other 61 10,265 0.60 10.05 617 103,164
2023-05-15 2023-02-01 5 FTPCX First Trust Private Credit Fund
CLASS I COMMON SHARES 		J - Other 42 10,265 0.42 10.05 427 103,164
2023-05-15 2022-12-09 5 FTPCX First Trust Private Credit Fund
CLASS I COMMON SHARES 		J - Other 161 10,265 1.60 9.80 1,580 100,598
2023-05-15 2022-12-09 5 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		J - Other 90 10,090 0.90 9.84 887 99,287
2023-01-09 3 N/A First Trust Private Assets Fund
Common Shares 		10,000
2022-05-16 3 FTPCX First Trust Private Credit Fund
CLASS I COMMON SHARES 		10,000
2022-05-06 3 FTREX First Trust Real Assets Fund
CLASS I COMMON SHARES 		10,000
2019-03-28 3 ZVAMIX INFINITY CORE ALTERNATIVE FUND
Common shares 		0
2019-03-28 3 VFLEX Relative Value Fund
Common shares 		0
2019-03-28 3 VAM Vivaldi Opportunities Fund
Common Shares 		0
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)