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Insider Buy Insider Buy December 16, 2022

Thermopylae Holdings Ltd. purchased ~$859K in AbCellera Biologics Inc. stock

AbCellera Biologics Inc. (ABCL)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-26.7%

vs SPY +3.4%

ABCL price after insider trade by Thermopylae Holdings Ltd.

Insider

Thermopylae Holdings Ltd.

Role

Transaction

Open-Market Purchase

Approx. Value

~$859K

Trade Date

Dec 16, 2022

Company

AbCellera Biologics Inc.

Ticker

ABCL

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$859K purchase

A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.

-26.7% in 90 days (S&P 500: +3.4%)

This trade underperformed the S&P 500 by 30.1 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

TH

How good is Thermopylae Holdings Ltd. at picking stocks?

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

See track record

On December 16, 2022, Thermopylae Holdings Ltd. — a corporate insider at AbCellera Biologics Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$859K in AbCellera Biologics Inc. (ABCL) 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, ABCL returned -26.7% versus +3.4% 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 ~$859K
Insider role Insider
90-day return -26.7%
vs S&P 500 -30.1%

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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