What the executives and directors of Zimmer Biomet actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact 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 gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
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.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 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.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Tornos Ivan Chairman, President and CEO | CEO | 92.1K | — | — |
| Upadhyay Suketu Exec VP, CFO | CFO | 71.5K | — | — |
| Phipps Chad F See remarks below. | Officer | 68.4K | — | — |
| VAN ZUILEN WILFRED Group Pres, EMEA | Officer | 30.7K | — | — |
| Yi Sang Group President, Asia Pacific | Officer | 28.1K | — | $634K |
| Bezjak Mark President, Americas | Officer | 13.8K | — | — |
| Ellingson Rachel Chief Administrative Officer | Officer | 12.4K | — | — |
| Winkler Lori SVP and CHRO | Officer | 10.2K | — | $561K |
| Thornal Kevin R Grp Pres-Global Business | Officer | 9,957 | — | — |
| Noor Jehanzeb See remarks below. | Officer | 6,828 | — | — |
| Stellato Paul A VP, Controller, CAO | Officer | 5,890 | — | — |
| BERNARD BETSY J | Director | 5,271 | — | — |
| Jafry Syed A. | Director | 4,060 | — | — |
| HAGEMANN ROBERT | Director | 4,000 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-29 | Yi Sang (Officer) | Discretionary sale | 800 | $82.66 | $66K |
| 2026-05-29 | Yi Sang (Officer) | Discretionary sale | 4,200 | $82.64 | $347K |
| 2026-03-12 | Winkler Lori (Officer) | Discretionary sale | 2,650 | $94.66 | $251K |
| 2026-02-12 | Yi Sang (Officer) | Discretionary sale | 1,000 | $96.49 | $96K |
| 2025-09-11 | Yi Sang (Officer) | Discretionary sale | 1,200 | $103.59 | $124K |
| 2025-09-08 | Winkler Lori (Officer) | Discretionary sale | 1,500 | $104.15 | $156K |
| 2025-08-18 | Winkler Lori (Officer) | Discretionary sale | 1,500 | $102.49 | $154K |
| 2025-06-13 | Yi Sang (Officer) | Discretionary sale | 800 | $92.51 | $74K |
| 2025-06-11 | Yi Sang (Officer) | Discretionary sale | 1,000 | $95.00 | $95K |
| 2025-03-05 | Winkler Lori (Officer) | Discretionary sale | 1,443 | $104.40 | $151K |
| 2024-05-31 | Yi Sang (Officer) | Discretionary sale | 12.9K | $114.69 | $1.5M |
| 2024-03-07 | Yi Sang (Officer) | Discretionary sale | 1,705 | $126.86 | $216K |
| 2024-02-22 | Phipps Chad F (Officer) | Discretionary sale | 610 | $129.08 | $79K |
| 2024-02-22 | Phipps Chad F (Officer) | Discretionary sale | 25.5K | $128.61 | $3.3M |
| 2023-11-09 | Jafry Syed A. (Director) | Open-market buy | 2,135 | $104.75 | $224K |
| 2023-08-30 | Kolli Sreelakshmi (Director) | Open-market buy | 1,000 | $120.37 | $120K |
| 2023-08-28 | HAGEMANN ROBERT (Director) | Open-market buy | 2,000 | $116.48 | $233K |
| 2023-08-28 | BEGLEY CHRISTOPHER B (Director) | Open-market buy | 1,000 | $117.11 | $117K |
| 2023-08-25 | BERNARD BETSY J (Director) | Open-market buy | 871 | $114.84 | $100K |
| 2023-08-25 | MICHELSON MICHAEL W (Director) | Open-market buy | 1,300 | $115.50 | $150K |
| 2023-08-23 | HIGGINS ARTHUR J (Director) | Open-market buy | 500 | $114.68 | $57K |
| 2023-08-23 | HIGGINS ARTHUR J (Director) | Open-market buy | 500 | $116.55 | $58K |
| 2023-03-17 | Phipps Chad F (Officer) | Planned sale (10b5-1) | 3,302 | $125.09 | $413K |
| 2023-03-17 | Phipps Chad F (Officer) | Planned sale (10b5-1) | 19.7K | $124.40 | $2.5M |
| 2022-12-13 | Phipps Chad F (Officer) | Discretionary sale | 1,063 | $129.34 | $137K |
| 2022-12-13 | Phipps Chad F (Officer) | Discretionary sale | 10.5K | $128.56 | $1.3M |
| 2022-07-05 | VAN ZUILEN WILFRED (Officer) | Discretionary sale | 531 | $105.22 | $56K |
| 2022-03-17 | Phipps Chad F (Officer) | Discretionary sale | 300 | $120.69 | $36K |
| 2022-03-17 | Phipps Chad F (Officer) | Discretionary sale | 5,331 | $122.46 | $653K |
| 2022-03-17 | Phipps Chad F (Officer) | Discretionary sale | 29.5K | $121.90 | $3.6M |
| 2021-12-14 | Yi Sang (Officer) | Discretionary sale | 200 | $124.18 | $25K |
| 2021-12-14 | Yi Sang (Officer) | Discretionary sale | 2,600 | $124.14 | $323K |
| 2021-05-06 | HIGGINS ARTHUR J (Director) | Open-market buy | 1,000 | $171.58 | $172K |
| 2020-11-18 | Yi Sang (Officer) | Discretionary sale | 1,200 | $152.59 | $183K |
| 2020-11-09 | Phipps Chad F (Officer) | Discretionary sale | 30K | $159.70 | $4.8M |
| 2020-05-29 | Yi Sang (Officer) | Discretionary sale | 3,000 | $125.38 | $376K |
| 2020-05-13 | Hanson Bryan C (CEO) | Open-market buy | 1,000 | $113.00 | $113K |
| 2019-11-11 | Bruneau Aure (Officer) | Discretionary sale | 1,613 | $141.48 | $228K |
| 2019-11-11 | Bruneau Aure (Officer) | Discretionary sale | 2,780 | $141.14 | $392K |
| 2019-11-11 | Bruneau Aure (Officer) | Discretionary sale | 2,910 | $141.17 | $411K |
| 2019-11-11 | Bruneau Aure (Officer) | Discretionary sale | 3,150 | $141.31 | $445K |
| 2019-11-11 | Bruneau Aure (Officer) | Discretionary sale | 4,718 | $141.24 | $666K |
| 2019-09-09 | Deltort Didier (Officer) | Discretionary sale | 84 | $140.42 | $12K |
| 2019-09-06 | Deltort Didier (Officer) | Discretionary sale | 360 | $139.25 | $50K |
| 2019-08-29 | Phipps Chad F (Officer) | Discretionary sale | 7,000 | $138.28 | $968K |
| 2019-08-13 | Phipps Chad F (Officer) | Discretionary sale | 32.8K | $140.00 | $4.6M |
| 2019-08-08 | Yi Sang (Officer) | Discretionary sale | 147 | $138.70 | $20K |
| 2019-05-24 | Yi Sang (Officer) | Discretionary sale | 426 | $114.88 | $49K |
| 2019-03-01 | Jafry Syed A. (Director) | Open-market buy | 1,925 | $125.52 | $242K |
| 2019-02-15 | HIGGINS ARTHUR J (Director) | Open-market buy | 500 | $123.28 | $62K |
| 2019-02-13 | Farrell Michael J. (Director) | Open-market buy | 2,000 | $123.62 | $247K |
| 2019-02-08 | MICHELSON MICHAEL W (Director) | Open-market buy | 2,085 | $119.69 | $250K |
| 2019-02-08 | GLASSCOCK LARRY C (Director) | Open-market buy | 2,000 | $120.09 | $240K |
| 2019-02-07 | Hanson Bryan C (CEO) | Open-market buy | 480 | $119.18 | $57K |
| 2019-02-07 | Hanson Bryan C (CEO) | Open-market buy | 500 | $118.90 | $59K |
| 2019-02-07 | Hanson Bryan C (CEO) | Open-market buy | 1,120 | $119.00 | $133K |
| 2019-02-07 | Hilado Maria Teresa (Director) | Open-market buy | 1,650 | $118.18 | $195K |
| 2019-02-06 | BERNARD BETSY J (Director) | Open-market buy | 100 | $117.42 | $12K |
| 2019-02-06 | BERNARD BETSY J (Director) | Open-market buy | 4,150 | $117.41 | $487K |
| 2019-02-06 | BEGLEY CHRISTOPHER B (Director) | Open-market buy | 100 | $117.17 | $12K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
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.