Equinix insider activity
What the executives and directors of Equinix actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$61M
net open-market flow, 12 m
0 open-market buys, 12 m
72.8%
of sale value on 10b5-1 plans, 12 m
2,362 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 122 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Sep 1, 2026 | Paladin Michael Shane | 510 |
| Jun 1, 2026 | Abdel Raouf | 364 |
| Jun 1, 2026 | Fox-Martin Adaire | 5,645 |
| Jun 1, 2026 | Lin Jonathan | 273 |
| Jun 1, 2026 | Pletcher Kurt | 182 |
| May 21, 2026 | PAISLEY CHRISTOPHER B | 302 |
| May 21, 2026 | HROMADKO GARY | 302 |
| May 21, 2026 | Olinger Thomas S | 302 |
| May 21, 2026 | RUSSO FIDELMA | 302 |
| May 21, 2026 | Kujawa Rebecca J | 170 |
| May 21, 2026 | Li Yanbing | 255 |
| May 6, 2026 | MORANDI BRANDI GALVIN | 112 |
| Mar 11, 2026 | TAYLOR KEITH D | 760 |
| Mar 11, 2026 | MORANDI BRANDI GALVIN | 630 |
| Mar 11, 2026 | Abdel Raouf | 584 |
| Mar 11, 2026 | Meyers Charles J | 305 |
| Mar 11, 2026 | Miller Simon | 287 |
| Mar 11, 2026 | Fox-Martin Adaire | 2,034 |
| Mar 11, 2026 | Lin Jonathan | 635 |
| Mar 11, 2026 | Pletcher Kurt | 559 |
| Mar 11, 2026 | Paladin Michael Shane | 297 |
| Mar 2, 2026 | Miller Simon | 1,131 |
| Mar 2, 2026 | Pletcher Kurt | 142 |
| Mar 2, 2026 | Paladin Michael Shane | 510 |
| Feb 17, 2026 | TAYLOR KEITH D | 4,604 |
| Feb 17, 2026 | MORANDI BRANDI GALVIN | 2,979 |
| Feb 17, 2026 | Abdel Raouf | 2,673 |
| Feb 17, 2026 | Meyers Charles J | 3,634 |
| Feb 17, 2026 | Fox-Martin Adaire | 7,966 |
| Feb 17, 2026 | Lin Jonathan | 2,490 |
| Feb 17, 2026 | Pletcher Kurt | 1,880 |
| Feb 17, 2026 | Paladin Michael Shane | 1,626 |
| Jan 15, 2026 | TAYLOR KEITH D | 4,022 |
| Jan 15, 2026 | MORANDI BRANDI GALVIN | 2,607 |
| Jan 15, 2026 | Abdel Raouf | 2,133 |
| Jan 15, 2026 | Meyers Charles J | 4,921 |
| Jan 15, 2026 | Fox-Martin Adaire | 5,161 |
| Jan 15, 2026 | Lin Jonathan | 1,979 |
| Jan 15, 2026 | Pletcher Kurt | 1,358 |
| Jan 15, 2026 | Paladin Michael Shane | 777 |
| Dec 10, 2025 | Abdel Raouf | 50 |
| Dec 1, 2025 | Abdel Raouf | 365 |
| Dec 1, 2025 | Fox-Martin Adaire | 5,645 |
| Dec 1, 2025 | Lin Jonathan | 274 |
| Dec 1, 2025 | Pletcher Kurt | 696 |
| Oct 7, 2025 | Paladin Michael Shane | 1,146 |
| Sep 2, 2025 | Miller Simon | 1,132 |
| Sep 2, 2025 | Pletcher Kurt | 142 |
| Jun 2, 2025 | Abdel Raouf | 525 |
| Jun 2, 2025 | Fox-Martin Adaire | 5,645 |
| Jun 2, 2025 | Lin Jonathan | 398 |
| Jun 2, 2025 | Pletcher Kurt | 264 |
| May 23, 2025 | PAISLEY CHRISTOPHER B | 338 |
| May 23, 2025 | HROMADKO GARY | 338 |
| May 23, 2025 | Olinger Thomas S | 338 |
| May 23, 2025 | RUSSO FIDELMA | 338 |
| May 21, 2025 | Patel Jeetendra I | 338 |
| Mar 12, 2025 | TAYLOR KEITH D | 822 |
| Mar 12, 2025 | MORANDI BRANDI GALVIN | 681 |
| Mar 12, 2025 | Abdel Raouf | 502 |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Vested / exercised | 75K |
| Withheld for tax | 322 |
| Planned sales (10b5-1) | 49K |
| Discretionary sales | 16K |
| Gifts | 162 |
| Kept | 8,934 |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| HROMADKO GARY | 143K | 143K | 99.9 |
| TAYLOR KEITH D | 20K | 27K | 130.7 |
| Meyers Charles J | 10K | 7,370 | 73 |
Who holds what
the 14 largest holdings of 21| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| HROMADKO GARY Last trade Dec 7, 2023 | Director | 143K | – | – | Dec 7, 2023 | |
| TAYLOR KEITH D Chief Financial Officer Last trade Mar 12, 2026 | CFO | 27K | – | $6.6M | net selling over the year: 0 months buying, 3 months selling | Mar 12, 2026 |
| Fox-Martin Adaire CEO and President Last trade Jun 2, 2026 | CEO | 25K | – | $12M | net selling over the year: 0 months buying, 5 months selling | Jun 2, 2026 |
| Campbell Michael Earl Chief Sales Officer Last trade Sep 6, 2024 | Officer | 15K | – | – | Sep 6, 2024 | |
| PAISLEY CHRISTOPHER B Last trade Aug 18, 2026 | Director | 14K | – | $4.5M | net selling over the year: 0 months buying, 4 months selling | Aug 18, 2026 |
| Meyers Charles J Last trade May 6, 2026 | Director | 12K | – | $16M | net selling over the year: 0 months buying, 5 months selling | May 6, 2026 |
| Lin Jonathan Chief Business Officer Last trade Jun 2, 2026 | Officer | 11K | – | $2.6M | net selling over the year: 0 months buying, 5 months selling | Jun 2, 2026 |
| VAN CAMP PETER Executive Chairman Last trade Mar 7, 2024 | Officer | 8,386 | – | – | Mar 7, 2024 | |
| Miller Simon Chief Accounting Officer Last trade Mar 12, 2026 | Officer | 7,896 | – | $684K | net selling over the year: 0 months buying, 1 month selling | Mar 12, 2026 |
| MORANDI BRANDI GALVIN Chief People Officer Last trade Jun 8, 2026 | Officer | 6,132 | – | $8.2M | net selling over the year: 0 months buying, 6 months selling | Jun 8, 2026 |
| Abdel Raouf EVP, Global Operations Last trade Jun 2, 2026 | Officer | 5,995 | – | $6.3M | net selling over the year: 0 months buying, 6 months selling | Jun 2, 2026 |
| Pletcher Kurt Chief Legal Officer Last trade Aug 20, 2026 | Officer | 4,077 | – | $2.5M | net selling over the year: 0 months buying, 6 months selling | Aug 20, 2026 |
| CALDWELL NANCI Last trade Aug 5, 2020 | Director | 3,388 | – | – | Aug 5, 2020 | |
| Paladin Michael Shane Chief Customer & Rev Officer Last trade Sep 4, 2026 | Officer | 2,450 | – | $1.7M | net selling over the year: 0 months buying, 4 months selling | Sep 4, 2026 |
Open-market trade log
the 60 most recent of 3,934| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Sep 4, 2026 | Paladin Michael Shane (Officer) 307 shares $1,035.01 −1.6% since trade filed Sep 8, 2026 | Discretionary sale | 307 | $1,035.01 | $318K | −1.6% | Sep 8, 2026 |
| Sep 2, 2026 | Paladin Michael Shane (Officer) 53 shares $1,008.02 +1.0% since trade filed Sep 3, 2026 | Planned sale (10b5-1) | 53 | $1,008.02 | $53K | +1.0% | Sep 3, 2026 |
| Sep 2, 2026 | Paladin Michael Shane (Officer) 150 shares $1,018.43 +0.0% since trade filed Sep 3, 2026 | Planned sale (10b5-1) | 150 | $1,018.43 | $153K | +0.0% | Sep 3, 2026 |
| Aug 20, 2026 | Pletcher Kurt (Officer) 135 shares $1,075.50 −5.3% since trade filed Aug 20, 2026 | Planned sale (10b5-1) | 135 | $1,075.50 | $145K | −5.3% | Aug 20, 2026 |
| Aug 18, 2026 | PAISLEY CHRISTOPHER B (Director) 125 shares $1,103.58 −7.7% since trade filed Aug 18, 2026 | Planned sale (10b5-1) | 125 | $1,103.58 | $138K | −7.7% | Aug 18, 2026 |
| Aug 3, 2026 | PAISLEY CHRISTOPHER B (Director) 4,000 shares $1,019.28 −0.1% since trade filed Aug 3, 2026 | Discretionary sale | 4,000 | $1,019.28 | $4.1M | −0.1% | Aug 3, 2026 |
| Jun 8, 2026 | MORANDI BRANDI GALVIN (Officer) 3,726 shares $1,076.36 −5.4% since trade filed Jun 8, 2026 | Planned sale (10b5-1) | 3,726 | $1,076.36 | $4.0M | −5.4% | Jun 8, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 1 shares $1,049.29 −2.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 1 | $1,049.29 | $525 | −2.9% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 1 shares $1,070.47 −4.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 1 | $1,070.47 | $535 | −4.9% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 2 shares $1,064.90 −4.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 2 | $1,064.90 | $2K | −4.4% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 3 shares $1,066.55 −4.5% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 3 | $1,066.55 | $3K | −4.5% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 5 shares $1,054.69 −3.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 5 | $1,054.69 | $5K | −3.4% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 9 shares $1,052.46 −3.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 9 | $1,052.46 | $9K | −3.2% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 9 shares $1,058.05 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 9 | $1,058.05 | $10K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 11 shares $1,062.16 −4.1% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 11 | $1,062.16 | $12K | −4.1% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 12 shares $1,053.64 −3.3% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 12 | $1,053.64 | $13K | −3.3% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 13 shares $1,058.96 −3.8% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 13 | $1,058.96 | $14K | −3.8% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 13 shares $1,063.23 −4.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 13 | $1,063.23 | $14K | −4.2% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 15 shares $1,056.01 −3.6% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 15 | $1,056.01 | $16K | −3.6% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 15 shares $1,060.00 −3.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 15 | $1,060.00 | $16K | −3.9% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 19 shares $1,056.96 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 19 | $1,056.96 | $20K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Abdel Raouf (Officer) 31 shares $1,069.20 −4.8% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 31 | $1,069.20 | $33K | −4.8% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 120 shares $1,052.25 −3.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 120 | $1,052.25 | $126K | −3.2% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 120 shares $1,053.45 −3.3% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 120 | $1,053.45 | $126K | −3.3% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 285 shares $1,055.25 −3.5% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 285 | $1,055.25 | $301K | −3.5% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 295 shares $1,060.99 −4.0% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 295 | $1,060.99 | $313K | −4.0% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 315 shares $1,056.33 −3.6% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 315 | $1,056.33 | $333K | −3.6% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 400 shares $1,057.59 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 400 | $1,057.59 | $423K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 600 shares $1,061.53 −4.1% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 600 | $1,061.53 | $637K | −4.1% | Jun 3, 2026 |
| Jun 2, 2026 | Fox-Martin Adaire (CEO) 800 shares $1,054.37 −3.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 800 | $1,054.37 | $843K | −3.4% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 1 shares $1,049.29 −2.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 1 | $1,049.29 | $525 | −2.9% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 1 shares $1,070.47 −4.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 1 | $1,070.47 | $535 | −4.9% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 2 shares $1,064.90 −4.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 2 | $1,064.90 | $2K | −4.4% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 3 shares $1,066.55 −4.5% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 3 | $1,066.55 | $3K | −4.5% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 5 shares $1,054.69 −3.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 5 | $1,054.69 | $5K | −3.4% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 8 shares $1,052.46 −3.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 8 | $1,052.46 | $8K | −3.2% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 8 shares $1,058.05 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 8 | $1,058.05 | $8K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 11 shares $1,053.64 −3.3% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 11 | $1,053.64 | $12K | −3.3% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 11 shares $1,062.16 −4.1% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 11 | $1,062.16 | $12K | −4.1% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 12 shares $1,063.23 −4.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 12 | $1,063.23 | $13K | −4.2% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 13 shares $1,058.96 −3.8% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 13 | $1,058.96 | $14K | −3.8% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 14 shares $1,056.01 −3.6% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 14 | $1,056.01 | $15K | −3.6% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 15 shares $1,060.00 −3.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 15 | $1,060.00 | $15K | −3.9% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 18 shares $1,056.96 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 18 | $1,056.96 | $19K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Lin Jonathan (Officer) 29 shares $1,069.20 −4.8% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 29 | $1,069.20 | $31K | −4.8% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 0 shares $1,049.29 −2.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 0 | $1,049.29 | $262 | −2.9% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 0 shares $1,070.47 −4.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 0 | $1,070.47 | $268 | −4.9% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 1 shares $1,064.90 −4.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 1 | $1,064.90 | $1K | −4.4% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 1 shares $1,066.55 −4.5% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 1 | $1,066.55 | $1K | −4.5% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 3 shares $1,054.69 −3.4% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 3 | $1,054.69 | $3K | −3.4% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 4 shares $1,052.46 −3.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 4 | $1,052.46 | $4K | −3.2% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 4 shares $1,058.05 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 4 | $1,058.05 | $4K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 6 shares $1,062.16 −4.1% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 6 | $1,062.16 | $6K | −4.1% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 6 shares $1,053.64 −3.3% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 6 | $1,053.64 | $6K | −3.3% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 6 shares $1,063.23 −4.2% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 6 | $1,063.23 | $6K | −4.2% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 7 shares $1,058.96 −3.8% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 7 | $1,058.96 | $7K | −3.8% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 8 shares $1,056.01 −3.6% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 8 | $1,056.01 | $8K | −3.6% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 8 shares $1,060.00 −3.9% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 8 | $1,060.00 | $8K | −3.9% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 10 shares $1,056.96 −3.7% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 10 | $1,056.96 | $11K | −3.7% | Jun 3, 2026 |
| Jun 2, 2026 | Pletcher Kurt (Officer) 15 shares $1,069.20 −4.8% since trade filed Jun 3, 2026 | Planned sale (10b5-1) | 15 | $1,069.20 | $16K | −4.8% | Jun 3, 2026 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
223 Forms 4, 3 years
0 filed late
3 amendments
1.6 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.