The Daily Brief — one day of insider trading at a glance

The Daily Brief is the terminal’s home view: everything that hit the SEC wire on a single day, distilled onto one screen. It is the fastest way to answer "what happened in insider trading today?" before drilling into any name.

It is keyed on the filing day, not the trade day

A Form 4 is filed up to two business days after the trade, so the date on the brief is when the disclosure reached EDGAR — not when the insider actually traded. That is deliberate: the brief is a daily feed of what was just revealed, which is what you can act on. The underlying transaction date still shows on each drill-down.

The latest day, and stepping back

It opens on the most recent day that has filings, so on a weekend or holiday it shows the last business day — the SEC does not accept Section 16 filings when markets are closed. The ‹ and › arrows step to the previous or next day that has data, skipping empty days.

What is on it

• Summary — net open-market flow (buying minus selling), total bought and sold, the filing count broken out by form, how many insiders and companies were active, and how many brand-new insiders appeared.
• Top buys / Top sells — the largest open-market purchases and sales of the day by dollar value.
• Cluster signals — companies where several insiders traded the same direction on the same day, the strongest same-day conviction read.
• New insiders — people who filed their first ownership statement (Form 3) that day.
• Proposed sales — Form 144 notices of intent to sell filed that day, with the 10b5-1 flag.

How to read it

Net buying is the rare, informative state — executives are paid in stock, so modest net selling is the baseline. A same-day cluster buy is the highest-signal item on the page. Everything is drillable: click any insider or company to open its full detail.

The dollar figures count open-market common-stock activity only (codes P and S, non-derivative), consistent with the rest of the terminal, so option grants, exercises, and tax withholding do not distort the totals.