What are insider trades?
Insider trades here means legal insider transactions — executives, directors, and 10%+ shareholders buying or selling their own company's stock and disclosing it on SEC Form 4 within two business days.
This is publicly available data. Insider trading in the criminal sense — trading on material non-public information — is illegal and not what this page is about.
Insider buying vs. insider selling
The two sides of an insider transaction get read very differently:
- Insider buying — usually open-market with personal cash. Often interpreted as a vote of confidence, especially clustered buys across multiple insiders.
- Insider selling — much noisier. Many sells are mechanical: scheduled 10b5-1 plans, RSU vesting, exercise-and-sell of options, divorce settlements, tax planning. Lazy Trader AI flags 10b5-1 filings so you can separate signal from noise.
Neither buying nor selling guarantees price movement. Both add context.
What Lazy Trader AI shows
- Insider name and role — CEO, CFO, director, 10% holder.
- Company / ticker with quick navigation to the ticker page.
- Transaction type — open-market buy, open-market sell, 10b5-1 sale, gift, exercise.
- Value in dollars, shares, and post-transaction holdings.
- Date filed and date of underlying transaction.
- AI context — flags clustered buys, anomalous sells, or 10b5-1 mechanical sells.
Combine insider trades with other signals
One insider buy isn't a thesis. Patterns are.
Single signal
- One insider bought — could be anything
- One politician disclosure — sector noise
- One options sweep — could be a hedge
- One news headline — could be priced in
Stacked signals
- 3 insiders buying + Pelosi disclosure same week
- Insider buying + ask-side options sweep + bullish AI sentiment
- Insider buying + 13F whale accumulation + dark pool prints
- Cross-signal alerts when patterns line up