Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- Similar past buys beat the S&P 500 48% of the time (583 cases), above the 46% for all buys.
Reasons for caution
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
What happened after this filing
Insider Twins: past buys with the same traits
1 insider buying · no CEO or CFO · $250K–$1M · stock down 0–20% in 3 months
AGL Mar 3, 2026 +541.0% vs S&PFUBO Sep 28, 2020 +370.9% vs S&PMRNA Feb 18, 2020 +334.9% vs S&PASPU Oct 4, 2021 -70.5% vs S&PEOLS Aug 31, 2021 -52.3% vs S&PMDIA Feb 11, 2022 -49.9% 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.
Scott Wede (a director) bought $940K of NLY at about $18.80 on Nov 6, 2026, reported to the SEC on Nov 9, 2026. Buys like this beat the S&P 500 48% of the time since 2020, against 46% for all insider buys. We found 2 points that make it worth a closer look and 1 reason 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.