Steven C Zola - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven C Zola. 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 Steven C Zola 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 Steven C Zola. 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 WINA / Winmark Corporation - Short Term Profit Analysis

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

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in WINA / Winmark 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 (%)
2019-05-07	WINA	Zola Steven C	50	174.5000	50	174.5000	8,725	330	115.1200	-2,969	-34.03
2019-05-07	WINA	Zola Steven C	1,942	173.3800	1,942	173.3800	336,704
2019-05-06	WINA	Zola Steven C	35	180.4600	35	180.4600	6,316
2019-05-06	WINA	Zola Steven C	350	177.0600	350	177.0600	61,971
2019-05-03	WINA	Zola Steven C	458	178.7300	458	178.7300	81,858
2019-05-03	WINA	Zola Steven C	1,866	177.1200	1,866	177.1200	330,506
2019-05-02	WINA	Zola Steven C	171	181.0000	171	181.0000	30,951
2019-05-01	WINA	Zola Steven C	100	186.0000	100	186.0000	18,600
2019-05-01	WINA	Zola Steven C	1,476	182.4000	1,476	182.4000	269,222
2019-04-30	WINA	Zola Steven C	705	185.1500	705	185.1500	130,531
2018-08-17	WINA	Zola Steven C	1,230	148.4700	1,230	148.4700	182,618
2018-08-16	WINA	Zola Steven C	3,500	148.4800	3,500	148.4800	519,680
2018-08-15	WINA	Zola Steven C	2,524	147.5000	2,524	147.5000	372,290
2018-05-09	WINA	Zola Steven C	2,077	134.0200	2,077	134.0200	278,360
2018-04-24	WINA	Zola Steven C	2,500	132.7500	2,500	132.7500	331,875
2018-04-24	WINA	Zola Steven C	601	133.5000	601	133.5000	80,234
2018-04-23	WINA	Zola Steven C	1,352	131.9100	1,352	131.9100	178,342
2018-04-20	WINA	Zola Steven C	1,207	132.0200	1,207	132.0200	159,348
2018-04-19	WINA	Zola Steven C	1,000	132.0000	1,000	132.0000	132,000
2017-04-26	WINA	Zola Steven C	3,000	130.1700	3,000	130.1700	390,510
2017-04-21	WINA	Zola Steven C	2,000	125.5000	2,000	125.5000	251,000
2017-04-19	WINA	Zola Steven C	3,000	125.0000	3,000	125.0000	375,000
2016-08-10	WINA	Zola Steven C	1,047	100.3000	1,047	100.3000	105,014
2016-08-05	WINA	Zola Steven C	20	98.9000	20	98.9000	1,978
2016-08-04	WINA	Zola Steven C	2	99.0000	2	99.0000	198
2016-08-03	WINA	Zola Steven C	282	99.0000	282	99.0000	27,918
2016-08-02	WINA	Zola Steven C	1,000	99.1500	1,000	99.1500	99,150
2016-08-01	WINA	Zola Steven C	5,349	100.0900	5,349	100.0900	535,381
2016-07-29	WINA	Zola Steven C	12	102.0000	12	102.0000	1,224
2016-07-29	WINA	Zola Steven C	288	100.4000	288	100.4000	28,915
2013-06-03	WINA	Zola Steven C	2,842	60.5600	2,842	60.5600	172,112
2013-05-31	WINA	Zola Steven C	3,376	60.4300	3,376	60.4300	204,012
2013-05-30	WINA	Zola Steven C	100	61.0500	100	61.0500	6,105
2013-05-29	WINA	Zola Steven C	477	61.0300	477	61.0300	29,111

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 Steven C Zola as disclosed to the Securities Exchange Commission (SEC).