Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- Raised their own holding by 21%.
Reasons for caution
- Other insiders sold $386K in the same 90 days, more than was bought (100% of it pre-planned).
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
- Similar past buys beat the S&P 500 only 46% of the time (2,821 cases); the typical one trailed it by 1.1%.
What happened after this filing
Insider Twins: past buys with the same traits
1 insider buying · no CEO or CFO · under $250K · stock up over 3 months
LODE Nov 20, 2020 +344.6% vs S&PBDCO Jun 16, 2026 +304.4% vs S&PPRTS Mar 12, 2020 +238.1% vs S&PMNTS May 26, 2026 -75.1% vs S&PGANX Apr 1, 2024 -71.1% vs S&PCALC Jun 29, 2026 -68.9% vs S&PWhat we couldn't check
- Why they traded. Filings don't say, and we don't guess.
- Company news after the filing, and any private terms.
Ken Babcock (a director) bought $223K of LBRT at about $15.40 on Oct 26, 2026, reported to the SEC on Oct 28, 2026. Buys like this beat the S&P 500 46% of the time since 2020, against 46% for all insider buys. We found 2 points that make it worth a closer look and 3 reasons for caution. History, not a prediction.
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Written by fixed rules from SEC filings and our measured history, not by an AI model. Public data only. History, not a prediction, and not investment advice.