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Insider Buy CEO Buy Mega Buy ($1M+) New Position May 14, 2024

Isaacman Jared purchased ~$8.3M in Shift4 Payments, Inc. stock

Shift4 Payments, Inc. (FOUR)  ·  Chairman & CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+12.3%

vs SPY +2.2%

FOUR price after insider trade by Isaacman Jared

Insider

Isaacman Jared

Role

Chairman & CEO

Transaction

Open-Market Purchase

Approx. Value

~$8.3M

Trade Date

May 14, 2024

Company

Shift4 Payments, Inc.

Ticker

FOUR

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$8.3M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

Chairman & CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

+12.3% in 90 days (S&P 500: +2.2%)

This trade beat the S&P 500 by 10.0 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

IJ

How good is Isaacman Jared at picking stocks?

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

See track record

On May 14, 2024, Isaacman Jared — Chairman & CEO of Shift4 Payments, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$8.3M in Shift4 Payments, Inc. (FOUR) stock.

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, FOUR returned +12.3% versus +2.2% 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 Strong
Trade size ~$8.3M
Insider role Chairman & CEO
90-day return +12.3%
vs S&P 500 +10.0%

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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