MOBI

insider transactions

Mobia Medical, Inc. — buys & sells by directors, officers and 10% owners (SEC Form 4).

30D 90D 1Y

Cluster buy signal: 6 different insiders made open-market purchases in the last 365 days, totalling $19.0M.

Net shares · 365d

+1.3M

1.3M buy · 0 sell

Net value · 365d

$19.0M

$19.0M in · $0 out

Sentiment · 365d

Net buying

100% buying · 0% selling

Open-market trades · 365d

1.3M buy · 0 sell

Net buy / sell volume

Tap or hover the chart for daily net volume. Green = net buying, red = net selling.

All transactions

Exercise·M
Jun 10, 26

Prashant B. Rawat

Chief Operating Officer

$0

15.0K sh

Own +9%
Exercise·M
Jun 10, 26

Prashant B. Rawat

Chief Operating Officer

$50.7K

15.0K sh · $3.38

Own New
Buy·P
Jun 9, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$64.0K

5.0K sh · $12.79

Own +1%
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

5.9M sh

Own New
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

5.6M sh

Own New
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

2.0M sh

Own New
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

3.8M sh

Own New
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

3.3M sh

Own +1055%
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

314.1K sh

Own New
Buy·P
May 11, 26

Casey M Tansey

Director, 10% Owner

$1000.0K

66.7K sh · $15.00

Own +40%
Exercise·C
May 11, 26

Casey M Tansey

Director, 10% Owner

—

166.7K sh

Own New
Buy·P
May 11, 26

Cynthia L Lucchese

Director

$1.9M

125.0K sh · $15.00

Own New
Buy·P
May 11, 26

Chase C. Leavitt

General Counsel and Corporate…

$45.0K

3.0K sh · $15.00

Own New
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

3.0M sh

Own New
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

1.1M sh

Own New
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

3.9M sh

Own New
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

3.2M sh

Own New
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

3.4M sh

Own New
Buy·P
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

$4.0M

266.7K sh · $15.00

Own +23%
Buy·P
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

$4.0M

266.7K sh · $15.00

Own +15%
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

872.8K sh

Own +330%
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

1.5M sh

Own +512%
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

264.7K sh

Own New
Exercise·C
May 11, 26

HARRINGTON WILLIAM T

Director, 10% Owner

—

284.3K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

4.0M sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

2.1M sh

Own New
Exercise·X
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

24.0K sh

Own New
Exercise·X
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

23.7K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

285.8K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

596.2K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

272.3K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

505.3K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

20.0K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

285.0K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

29.2K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

383.3K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

100.0K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

191.3K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

175.1K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

333.3K sh

Own +70%
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

476.5K sh

Own New
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

5.7K sh

Own New
Other·F
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$200.5K

13.4K sh · $15.00

Own -4%
Exercise·X
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$200.5K

13.7K sh · $14.65

Own +5%
Exercise·C
May 11, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

—

283.9K sh

Own +1461%
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

3.0M sh

Own New
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

1.1M sh

Own New
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

3.9M sh

Own New
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

3.2M sh

Own New
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

3.4M sh

Own New
Buy·P
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

$4.0M

266.7K sh · $15.00

Own +23%
Buy·P
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

$4.0M

266.7K sh · $15.00

Own +15%
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

872.8K sh

Own +330%
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

1.5M sh

Own +512%
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

264.7K sh

Own New
Exercise·C
May 11, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

—

284.3K sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

3.8M sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

4.6M sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

52.3K sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

284.8K sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

1.0M sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

5.6M sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

314.1K sh

Own +24%
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

1.3M sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

96.8K sh

Own New
Exercise·C
May 11, 26

Presidio Management Group XII, L.L.C.

10% Owner

—

1.9M sh

Own New
Grant·A
May 7, 26

Casey M Tansey

Director, 10% Owner

$0

31.5K sh

Own New
Grant·A
May 7, 26

Prashant B. Rawat

Chief Operating Officer

$0

181.8K sh

Own New
Grant·A
May 7, 26

Cynthia L Lucchese

Director

$0

31.5K sh

Own New
Grant·A
May 7, 26

Chase C. Leavitt

General Counsel and Corporate…

$0

175.8K sh

Own New
Grant·A
May 7, 26

HARRINGTON WILLIAM T

Director, 10% Owner

$0

31.5K sh

Own New
Grant·A
May 7, 26

Richard J. Foust KEY

President & CEO

$0

666.7K sh

Own New
Grant·A
May 7, 26

Douglas T Ellison

Chief Commercial Officer

$0

193.9K sh

Own New
Grant·A
May 7, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$0

206.1K sh

Own New
Grant·A
May 7, 26

Maxwell Bikoff

Director

$0

31.5K sh

Own New
Other·J
Feb 23, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$0

175.1K sh
Other·J
Feb 23, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$0

249.8K sh
Grant·A
Feb 10, 26

Casey M Tansey

Director, 10% Owner

$4000.0B

2.0M sh · $2,000,000.00

Own New
Grant·A
Feb 6, 26

Casey M Tansey

Director, 10% Owner

$14206.0B

3.8M sh · $3,769,090.08

Own New
Grant·A
Feb 5, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$10.2B

100.9K sh · $100,937.62

Own +5%
Grant·A
Jan 30, 26

HARRINGTON WILLIAM T

Director, 10% Owner

$10093.0B

3.2M sh · $3,176,955.03

Own New
Grant·A
Jan 30, 26

HARRINGTON WILLIAM T

Director, 10% Owner

$11641.0B

3.4M sh · $3,411,892.25

Own New
Grant·A
Jan 30, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$16000.0B

4.0M sh · $4,000,000.00

Own New
Grant·A
Jan 30, 26

Nelson Bunker Curnes KEY

Chief Financial Officer

$4000.0B

2.0M sh · $2,000,000.00

Own New
Grant·A
Jan 30, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

$10093.0B

3.2M sh · $3,176,955.03

Own New
Grant·A
Jan 30, 26

Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP

10% Owner

$11641.0B

3.4M sh · $3,411,892.25

Own New

Date▾	Insider	Role	Type	Shares	Own Δ	Price	Value
Jun 10, 2026	Prashant B. Rawat	Chief Operating Officer	Exercise M	15.0K	+9%	—	$0
Jun 10, 2026	Prashant B. Rawat	Chief Operating Officer	Exercise M	15.0K	New	$3.38	$50.7K
Jun 9, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Buy P	5.0K	+1%	$12.79	$64.0K
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	5.9M	New	—	—
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	5.6M	New	—	—
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	2.0M	New	—	—
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	3.8M	New	—	—
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	3.3M	+1055%	—	—
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	314.1K	New	—	—
May 11, 2026	Casey M Tansey	Director, 10% Owner	Buy P	66.7K	+40%	$15.00	$1000.0K
May 11, 2026	Casey M Tansey	Director, 10% Owner	Exercise C	166.7K	New	—	—
May 11, 2026	Cynthia L Lucchese	Director	Buy P	125.0K	New	$15.00	$1.9M
May 11, 2026	Chase C. Leavitt	General Counsel and Corporate Secretary	Buy P	3.0K	New	$15.00	$45.0K
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	3.0M	New	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	1.1M	New	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	3.9M	New	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	3.2M	New	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	3.4M	New	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Buy P	266.7K	+23%	$15.00	$4.0M
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Buy P	266.7K	+15%	$15.00	$4.0M
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	872.8K	+330%	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	1.5M	+512%	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	264.7K	New	—	—
May 11, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Exercise C	284.3K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	4.0M	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	2.1M	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise X	24.0K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise X	23.7K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	285.8K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	596.2K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	272.3K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	505.3K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	20.0K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	285.0K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	29.2K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	383.3K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	100.0K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	191.3K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	175.1K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	333.3K	+70%	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	476.5K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	5.7K	New	—	—
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Other F	13.4K	-4%	$15.00	$200.5K
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise X	13.7K	+5%	$14.65	$200.5K
May 11, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Exercise C	283.9K	+1461%	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	3.0M	New	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	1.1M	New	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	3.9M	New	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	3.2M	New	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	3.4M	New	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Buy P	266.7K	+23%	$15.00	$4.0M
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Buy P	266.7K	+15%	$15.00	$4.0M
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	872.8K	+330%	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	1.5M	+512%	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	264.7K	New	—	—
May 11, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Exercise C	284.3K	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	3.8M	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	4.6M	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	52.3K	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	284.8K	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	1.0M	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	5.6M	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	314.1K	+24%	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	1.3M	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	96.8K	New	—	—
May 11, 2026	Presidio Management Group XII, L.L.C.	10% Owner	Exercise C	1.9M	New	—	—
May 7, 2026	Casey M Tansey	Director, 10% Owner	Grant A	31.5K	New	—	$0
May 7, 2026	Prashant B. Rawat	Chief Operating Officer	Grant A	181.8K	New	—	$0
May 7, 2026	Cynthia L Lucchese	Director	Grant A	31.5K	New	—	$0
May 7, 2026	Chase C. Leavitt	General Counsel and Corporate Secretary	Grant A	175.8K	New	—	$0
May 7, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Grant A	31.5K	New	—	$0
May 7, 2026	Richard J. Foust KEY	President & CEO	Grant A	666.7K	New	—	$0
May 7, 2026	Douglas T Ellison	Chief Commercial Officer	Grant A	193.9K	New	—	$0
May 7, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Grant A	206.1K	New	—	$0
May 7, 2026	Maxwell Bikoff	Director	Grant A	31.5K	New	—	$0
Feb 23, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Other J	175.1K	—	—	$0
Feb 23, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Other J	249.8K	—	—	$0
Feb 10, 2026	Casey M Tansey	Director, 10% Owner	Grant A	2.0M	New	$2,000,000.00	$4000.0B
Feb 6, 2026	Casey M Tansey	Director, 10% Owner	Grant A	3.8M	New	$3,769,090.08	$14206.0B
Feb 5, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Grant A	100.9K	+5%	$100,937.62	$10.2B
Jan 30, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Grant A	3.2M	New	$3,176,955.03	$10093.0B
Jan 30, 2026	HARRINGTON WILLIAM T	Director, 10% Owner	Grant A	3.4M	New	$3,411,892.25	$11641.0B
Jan 30, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Grant A	4.0M	New	$4,000,000.00	$16000.0B
Jan 30, 2026	Nelson Bunker Curnes KEY	Chief Financial Officer	Grant A	2.0M	New	$2,000,000.00	$4000.0B
Jan 30, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Grant A	3.2M	New	$3,176,955.03	$10093.0B
Jan 30, 2026	Osage University GP III, LLC / Osage University Partners III, LP / Osage University GP IV, LLC / Osage University Partners IV, LP	10% Owner	Grant A	3.4M	New	$3,411,892.25	$11641.0B

About MOBI insider trading

This page tracks insider transactions for Mobia Medical, Inc. (MOBI) reported to the U.S. Securities and Exchange Commission on Form 4. Corporate insiders — directors, executive officers and beneficial owners of more than 10% of the stock — must disclose their trades within two business days. Open-market purchases (code P) and sales (code S) made at the insider's discretion are the most-watched opportunistic signals, while awards (A), option exercises (M) and tax-withholding (F) reflect compensation rather than conviction. Trades marked 10b5-1 were made under a pre-arranged plan and are considered routine. A cluster buy — several insiders buying within a short window — is historically a stronger bullish indicator than any single trade.