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Insider Buy Cluster Buy June 2, 2025

Anderson Mark Guthrie purchased ~$141K in Burke & Herbert Financial Services Corp. stock

Burke & Herbert Financial Services Corp. (BHRB)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+12.9%

vs SPY +8.3%

BHRB price after insider trade by Anderson Mark Guthrie

Insider

Anderson Mark Guthrie

Role

Transaction

Open-Market Purchase

Approx. Value

~$141K

Trade Date

Jun 2, 2025

Company

Burke & Herbert Financial Services Corp.

Ticker

BHRB

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$141K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

2 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

+12.9% in 90 days (S&P 500: +8.3%)

This trade beat the S&P 500 by 4.6 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

AM

How good is Anderson Mark Guthrie at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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2

Anderson Mark Guthrie wasn't the only one buying.

2 insiders at Burke & Herbert Financial Services Corp. traded within the same 30-day window.

See who else bought · Free

On June 2, 2025, Anderson Mark Guthrie — a corporate insider at Burke & Herbert Financial Services Corp. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$141K in Burke & Herbert Financial Services Corp. (BHRB) stock.

This transaction was part of a cluster — 2 insiders at Burke & Herbert Financial Services Corp. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, BHRB returned +12.9% versus +8.3% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$141K
Insider role Insider
Cluster 2 insiders
90-day return +12.9%
vs S&P 500 +4.6%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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