Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- Bought by the CEO, one of the two people with the fullest view of the company.
- Raised their own holding by 491%.
Reasons for caution
- 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 35% of the time (68 cases); the typical one trailed it by 3.0%.
What happened after this filing
Insider Twins: past buys with the same traits
2 insiders buying · incl. CEO or CFO · $1M+ · stock down 20%+ in 3 months
GLPI Mar 18, 2020 +123.8% vs S&PSMMT May 14, 2021 +39.2% vs S&POPK Nov 10, 2020 +36.7% vs S&PNFE Mar 13, 2025 -71.8% vs S&PHLLY Aug 18, 2022 -54.4% vs S&PCVNA Apr 28, 2022 -53.2% 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.
Barry S. Sternlicht (CEO) bought $15M of STWD at about $11.81 between Nov 11, 2026 and Nov 12, 2026, reported to the SEC on Nov 13, 2026. Buys like this beat the S&P 500 35% of the time since 2020, against 46% for all insider buys. We found 3 points that make it worth a closer look and 2 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.