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InsiderCompass Legal Hub

A service of ABBOND SELLERS, LLC – PO Box 78531, Charlotte NC 28271 _Last updated: 2025-07-29_

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Table of Contents

  • Privacy Policy
  • Terms of Use / Disclaimer
  • FAQ

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    Privacy Policy

    • 1. What Data We Collect

    CategoryExamplesPurpose ------------------------------------------------------------------------------ Device & usageIP address, browser type, pages visitedSite security & performance AnalyticsGoogle Analytics 4 event dataUnderstand usage & improve UX AdvertisingGoogle AdSense ad impressions/clicksServe relevant ads ContactVoluntary email via support formRespond to inquiries

    2. Cookies & Similar Tech

    We use:

    - Strictly necessary cookies – session, CSRF

  • Analytics cookies – `_ga`, `_ga_` (GA4)
  • Advertising cookies – `IDE`, `ANID` (Google AdSense)

    Users in EEA/UK/CH will see a consent banner before analytics/ad cookies are set, per Google's CMP requirement (effective 2024-01-16).

    • Opt out via the banner "Settings" link or by clearing cookies.

    3. Data Retention

    Analytics events: 14 months; server logs: 30 days; contact emails: retained until resolved.

    4. Your Rights

    Depending on jurisdiction, you may access, correct, delete, or restrict processing. Email info@insidercompass.com to exercise these rights.

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    Terms of Use / Disclaimer

    - Informational Only – InsiderCompass provides SEC Form 4 data and analytics for educational use. Nothing on this site is financial, investment, legal, accounting, or tax advice. Verify filings via SEC.gov.

  • No Fiduciary or Advisory Relationship – Using this site does not create an attorney-client, advisory, or fiduciary relationship.
  • Accuracy – Data are parsed from public filings and may contain errors or omissions. Use at your own risk; always review original source filings.
  • Editor/Operator Ownership – The editor and/or site operators may hold positions in some securities mentioned. Current holdings and portfolio rules are shown on the IC Research Portfolio page.
  • License – Personal, non-commercial viewing and CSV exports only. Contact us for commercial/API licensing.
  • Limitation of Liability – We are not liable for any direct, indirect, incidental, consequential, or special damages arising from use of the site.
  • Governing Law – North Carolina, USA.

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    FAQ

    How often is data refreshed?

    • Peak (09:00–18:00 ET): every 2 min. Off-peak: every 5 min.

    What counts as a derivative transaction? Any Form 4 derivative line—options, RSUs, PSUs, warrants, convertible debt. Fields shown:

  • Exercise Price – strike price
  • Underlying Shares – shares controlled
  • Expiration Date – last exercise date

    How do you handle time zones?

    • All timestamps stored in UTC, displayed in Eastern Time (aligned with SEC filing cutoff).

    Can I download data? Yes. CSV export matches your current filters.

    What period does the heatmap cover? The heatmap aggregates insider activity over the last 25 calendar days and displays it on filing days (typically ~18–20 business days within that window).

    How do you define cluster buys? A cluster buy is when 2 or more insiders from the same company purchase shares within 3 business days, with a combined discretionary value of at least $50,000.

  • Excludes: 10b5-1 planned trades, derivative transactions, gifts, entity/10% owners.
  • Basis: filing_date.
  • Found a cluster? It indicates consensus conviction among multiple insiders.

    Do you show "Remarks" from Form 4s?

    • We always show Explanation of Responses. When "Remarks" are present, we display them in a separate column. Remarks support applies to filings processed on or after September 21, 2025. Remarks are used infrequently by filers, so many trades won't include them.

    Why do some companies show "NONE" for ticker symbol? About 0.5% of trades display "NONE" as the ticker—these are valid entries for companies without publicly traded stock on major exchanges:

  • Private/employee-owned companies
  • OTC-traded stocks
  • Private investment funds
  • Pre-IPO or recently delisted companies

    These companies must still file Form 4s if they have registered securities under Section 12(g) of the Exchange Act.

    Why do some trades show no industry classification?

    • Approximately 2% of trades lack industry data, primarily affecting:
  • Investment funds
  • Business Development Companies (BDCs)
  • REITs and real estate funds
  • Municipal bond and income funds

    Certain investment funds, REITs, and business development companies aren't always given a standard industry classification by the SEC. When that happens, you may see the industry listed as 'Unknown' on InsiderCompass.

    Found an error?

    • Email info@insidercompass.com with accession number; we'll investigate.

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