New Mountain Finance Corporation
US ˙ NasdaqGS ˙ US6475511001

Introduction

This page provides a comprehensive analysis of the known insider trading history of Adam Weinstein. 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 Adam Weinstein has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
Executive Vice President, Director 53,579
US:NMFC / New Mountain Finance Corporation EVP, CAO and Director, Director 552,534
Executive Vice President, Director 0
US:BLPH / Bellerophon Therapeutics, Inc. Director, 10% Owner 10,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Adam Weinstein. 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 NMFC / New Mountain Finance Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NMFC / New Mountain Finance 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 (%)
2024-11-04 NMFC Weinstein Adam 45,000 10.8730 45,000 10.8730 489,285 107 12.0200 51,615 10.55
2022-09-06 NMFC Weinstein Adam 200 12.8650 200 12.8650 2,573
2022-09-06 NMFC Weinstein Adam 603 12.8750 603 12.8750 7,764
2022-09-06 NMFC Weinstein Adam 2,819 12.8700 2,819 12.8700 36,281
2022-09-06 NMFC Weinstein Adam 5,931 12.8800 5,931 12.8800 76,391
2022-09-06 NMFC Weinstein Adam 820 12.8900 820 12.8900 10,570
2022-09-06 NMFC Weinstein Adam 1,200 12.8850 1,200 12.8850 15,462
2022-09-06 NMFC Weinstein Adam 2,435 12.8950 2,435 12.8950 31,399
2022-09-06 NMFC Weinstein Adam 5,928 12.9000 5,928 12.9000 76,471
2022-05-20 NMFC Weinstein Adam 100 12.4900 100 12.4900 1,249
2022-05-20 NMFC Weinstein Adam 1,700 12.4950 1,700 12.4950 21,242
2022-05-20 NMFC Weinstein Adam 23,200 12.5000 23,200 12.5000 290,000
2022-05-12 NMFC Weinstein Adam 200 12.4150 200 12.4150 2,483
2022-05-12 NMFC Weinstein Adam 9,778 12.4200 9,778 12.4200 121,443
2022-05-12 NMFC Weinstein Adam 142 12.4300 142 12.4300 1,765
2022-05-12 NMFC Weinstein Adam 2,700 12.4400 2,700 12.4400 33,588
2022-05-12 NMFC Weinstein Adam 10 12.3800 10 12.3800 124
2022-05-12 NMFC Weinstein Adam 3,166 12.4000 3,166 12.4000 39,258
2022-05-12 NMFC Weinstein Adam 4,270 12.4100 4,270 12.4100 52,991
2022-05-12 NMFC Weinstein Adam 4,734 12.3900 4,734 12.3900 58,654
2021-08-20 NMFC Weinstein Adam 15,080 13.0770 15,080 13.0770 197,201
2020-09-04 NMFC Weinstein Adam 20,000 9.8900 20,000 9.8900 197,800
2020-09-04 NMFC Weinstein Adam 11,700 9.9000 11,700 9.9000 115,830
2020-09-02 NMFC Weinstein Adam 15,450 9.9500 15,450 9.9500 153,728
2020-05-13 NMFC Weinstein Adam 20,000 7.6000 20,000 7.6000 152,000
2020-05-11 NMFC Weinstein Adam 15,000 7.8000 15,000 7.8000 117,000
2020-03-12 NMFC Weinstein Adam 25,000 10.0500 25,000 10.0500 251,250
2020-03-12 NMFC Weinstein Adam 10,000 9.7500 10,000 9.7500 97,500
2020-03-09 NMFC Weinstein Adam 25,000 11.4500 25,000 11.4500 286,250
2019-10-23 NMFC Weinstein Adam 15,000 13.2500 15,000 13.2500 198,750
2019-08-12 NMFC Weinstein Adam 1,850 13.2800 1,850 13.2800 24,568
2019-08-12 NMFC Weinstein Adam 7,500 13.3500 7,500 13.3500 100,125
2018-12-10 NMFC Weinstein Adam 13,200 13.2400 13,200 13.2400 174,768
2018-12-10 NMFC Weinstein Adam 3,500 13.1500 3,500 13.1500 46,025
2018-09-06 NMFC Weinstein Adam 2,800 13.7250 2,800 13.7250 38,430
2018-09-06 NMFC Weinstein Adam 9,200 13.7400 9,200 13.7400 126,408
2018-03-05 NMFC Weinstein Adam 300 13.1250 300 13.1250 3,938
2018-03-05 NMFC Weinstein Adam 9,482 13.1400 9,482 13.1400 124,593
2018-03-05 NMFC Weinstein Adam 5,718 13.1500 5,718 13.1500 75,192
2018-03-05 NMFC Weinstein Adam 755 13.1250 755 13.1250 9,909
2016-11-03 NMFC Weinstein Adam 1,317 13.2250 1,317 13.2250 17,417
2016-11-03 NMFC Weinstein Adam 2,433 13.2400 2,433 13.2400 32,213
2016-02-09 NMFC Weinstein Adam 2,600 11.4200 2,600 11.4200 29,692
2015-09-30 NMFC Weinstein Adam 100 13.8400 100 13.8400 1,384
2015-09-30 NMFC Weinstein Adam 7,400 13.8398 7,400 13.8398 102,415
2015-09-11 NMFC Weinstein Adam 7,838 14.6900 7,838 14.6900 115,140
2015-09-10 NMFC Weinstein Adam 2,662 14.6900 2,662 14.6900 39,105
2014-11-10 NMFC Weinstein Adam 500 14.6850 500 14.6850 7,342
2014-11-10 NMFC Weinstein Adam 4,500 14.6900 4,500 14.6900 66,105
2014-06-16 NMFC Weinstein Adam 3,500 14.3499 3,500 14.3499 50,225
2013-08-13 NMFC Weinstein Adam 2,400 14.6500 2,400 14.6500 35,160
2012-11-14 NMFC Weinstein Adam 2,500 13.8000 2,500 13.8000 34,500
2012-05-23 NMFC Weinstein Adam 1,250 13.3600 1,250 13.3600 16,700
2012-05-18 NMFC Weinstein Adam 100 13.2700 100 13.2700 1,327
2012-05-11 NMFC Weinstein Adam 1,800 13.8800 1,800 13.8800 24,984
2012-03-12 NMFC Weinstein Adam 270 13.4500 270 13.4500 3,632

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

NMFC / New Mountain Finance Corporation Insider Trades
Insider Sales NMFC / New Mountain Finance Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NMFC / New Mountain Finance 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 (%)
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.

NMFC / New Mountain Finance Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Adam Weinstein 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
2025-02-14 2024-12-17 4/A NONE New Mountain Private Credit Fund
Common shares of ben. interest, par value $0.001 per share 		J - Other 53,579 53,579
2024-12-19 2024-12-17 4 NONE New Mountain Private Credit Fund
Common shares of ben. interest, par value $0.001 per share 		J - Other 55,249 55,249
2024-11-06 2024-11-04 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 45,000 552,534 8.87 10.87 489,285 6,007,708
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 5,928 395,643 1.52 12.90 76,471 5,103,797
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,435 389,715 0.63 12.90 31,399 5,025,378
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 1,200 387,280 0.31 12.88 15,462 4,990,106
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 820 386,080 0.21 12.89 10,570 4,976,574
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 5,931 385,260 1.56 12.88 76,391 4,962,152
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,819 379,329 0.75 12.87 36,281 4,881,967
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 603 376,510 0.16 12.88 7,764 4,847,569
2022-09-08 2022-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 200 375,907 0.05 12.86 2,573 4,836,046
2022-05-23 2022-05-20 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 23,200 366,398 6.76 12.50 290,000 4,579,980
2022-05-23 2022-05-20 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 1,700 343,198 0.50 12.50 21,242 4,288,264
2022-05-23 2022-05-20 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 100 341,498 0.03 12.49 1,249 4,265,315
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 4,734 341,398 1.41 12.39 58,654 4,229,926
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 4,270 336,664 1.28 12.41 52,991 4,178,005
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 3,166 332,394 0.96 12.40 39,258 4,121,690
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 10 329,228 0.00 12.38 124 4,075,847
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,700 329,218 0.83 12.44 33,588 4,095,477
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 142 326,518 0.04 12.43 1,765 4,058,623
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 9,778 326,376 3.09 12.42 121,443 4,053,595
2022-05-16 2022-05-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 200 316,598 0.06 12.42 2,483 3,930,569
2021-08-23 2021-08-20 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 15,080 302,851 5.24 13.08 197,201 3,960,386
2020-09-04 2020-09-04 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 11,700 286,641 4.26 9.90 115,830 2,837,747
2020-09-04 2020-09-04 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 20,000 274,941 7.84 9.89 197,800 2,719,167
2020-09-04 2020-09-02 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 15,450 254,941 6.45 9.95 153,728 2,536,664
2020-05-13 2020-05-13 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 20,000 239,158 9.13 7.60 152,000 1,817,601
2020-05-13 2020-05-11 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 15,000 219,158 7.35 7.80 117,000 1,709,432
2020-03-13 2020-03-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 10,000 203,707 5.16 9.75 97,500 1,986,141
2020-03-13 2020-03-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 25,000 193,707 14.82 10.05 251,250 1,946,753
2020-03-11 2020-03-09 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 25,000 168,707 17.40 11.45 286,250 1,931,692
2020-02-04 3 NONE NMF SLF I, Inc.
No securities are beneficially owned 		0
2020-01-31 3 NONE NMF SLF I, Inc.
No securities are beneficially owned 		0
2019-10-25 2019-10-23 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 15,000 143,475 11.68 13.25 198,750 1,901,039
2019-08-13 2019-08-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 7,500 128,245 6.21 13.35 100,125 1,712,071
2019-08-13 2019-08-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 1,850 120,745 1.56 13.28 24,568 1,603,494
2018-12-11 2018-12-10 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 3,500 118,221 3.05 13.15 46,025 1,554,605
2018-12-11 2018-12-10 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 13,200 114,721 13.00 13.24 174,768 1,518,905
2018-09-07 2018-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 9,200 101,313 9.99 13.74 126,408 1,392,038
2018-09-07 2018-09-06 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,800 92,113 3.14 13.72 38,430 1,264,248
2018-03-06 2018-03-05 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 755 88,904 0.86 13.12 9,909 1,166,865
2018-03-06 2018-03-05 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 5,718 88,149 6.94 13.15 75,192 1,159,159
2018-03-06 2018-03-05 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 9,482 82,431 13.00 13.14 124,593 1,083,143
2018-03-06 2018-03-05 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 300 72,949 0.41 13.12 3,938 957,456
2017-09-26 2017-09-22 4 BLPH Bellerophon Therapeutics, Inc.
Stock Option (right to buy) 		A - Award 10,000 10,000
2017-07-03 2017-06-28 4 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		A - Award 25,363 42,130 151.27
2016-11-03 2016-11-03 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,433 67,278 3.75 13.24 32,213 890,762
2016-11-03 2016-11-03 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 1,317 64,845 2.07 13.22 17,417 857,576
2016-06-21 2016-06-17 4 BLPH Bellerophon Therapeutics, Inc.
Stock Option (right to buy) 		A - Award 10,000 10,000
2016-04-29 2016-04-28 4 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		A - Award 16,767 16,767
2016-02-10 2016-02-09 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,600 60,360 4.50 11.42 29,692 689,307
2015-09-30 2015-09-30 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 7,400 55,795 15.29 13.84 102,415 772,194
2015-09-30 2015-09-30 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 100 48,395 0.21 13.84 1,384 669,790
2015-09-11 2015-09-11 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 7,838 48,295 19.37 14.69 115,140 709,457
2015-09-11 2015-09-10 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,662 40,457 7.04 14.69 39,105 594,316
2015-02-23 2015-02-19 4 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		P - Purchase 1,070,166 4,859,885 28.24 12.00 12,841,992 58,318,620
2015-02-23 2015-02-12 4 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		A - Award 460,144 3,789,719 13.82
2015-02-23 2015-02-12 4 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		D - Sale to Issuer -460,144 3,329,575 -12.14
2015-02-13 3 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		7,579,438
2015-02-13 3 BLPH Bellerophon Therapeutics, Inc.
Common Stock 		7,579,438
2014-11-12 2014-11-10 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 4,500 35,996 14.29 14.69 66,105 528,781
2014-11-12 2014-11-10 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 500 31,496 1.61 14.68 7,342 462,518
2014-06-17 2014-06-16 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 3,500 29,134 13.65 14.35 50,225 418,076
2013-08-13 2013-08-13 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,400 23,611 11.31 14.65 35,160 345,902
2012-11-15 2012-11-14 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 2,500 19,590 14.63 13.80 34,500 270,341
2012-05-23 2012-05-23 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 1,250 16,184 8.37 13.36 16,700 216,217
2012-05-22 2012-05-18 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 100 14,934 0.67 13.27 1,327 198,173
2012-05-14 2012-05-11 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 1,800 14,834 13.81 13.88 24,984 205,895
2012-03-13 2012-03-12 4 NMFC New Mountain Finance Corp
Common Stock 		P - Purchase 270 12,736 2.17 13.45 3,632 171,296
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)