How Form 4 Daily works.
We read every insider trade filed with the SEC, score how unusual each one is, and publish the notable ones. Then we grade ourselves.
We read every Form 4
When an insider — an officer, director, or 10% owner — trades their own company’s stock, the SEC requires a Form 4 within two business days. We ingest all of them, live, straight from EDGAR.
We score how unusual it is
Each trade gets a conviction score from its size, rarity, cluster breadth, and how it sits against the stock’s own history. Routine, scheduled, and 10b5-1 trades are filtered out. Only the notable ones become flags.
We publish the flag
A flag is the story: who traded, what and when, the price context, and why it stood out. Never a recommendation — a plain-language read on a public filing.
We grade ourselves
30 and 90 days later, we publish the outcome of every flag as a hit or miss, measured from the filing-date close. Misses included. That public report card is the whole point.
The words we use — and don't
We call them flags, never picks, calls, or signals. We grade outcomes ashit or miss, never wins or losses. A flag marks a filing that's unusual — it is never a prediction, a recommendation, or investment advice.
Data sourced from SEC EDGAR. Prices from public market data. Nothing on Form 4 Daily is a recommendation to buy or sell any security.