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Insider Buy Cluster Buy CFO Buy June 2, 2023

Hollar Mark R purchased ~$8K in Franklin Financial Services Corporation stock

Franklin Financial Services Corporation (FRAF)  ·  CFO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+11.3%

vs SPY +5.6%

FRAF price after insider trade by Hollar Mark R

Insider

Hollar Mark R

Role

CFO

Transaction

Open-Market Purchase

Approx. Value

~$8K

Trade Date

Jun 2, 2023

Company

Franklin Financial Services Corporation

Ticker

FRAF

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$8K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

CFO

CFOs have direct access to financials before they become public. Their trades are among the most closely watched by institutional investors.

3 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.

+11.3% in 90 days (S&P 500: +5.6%)

This trade beat the S&P 500 by 5.6 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

HM

How good is Hollar Mark R at picking stocks?

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

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3

Hollar Mark R wasn't the only one buying.

3 insiders at Franklin Financial Services Corporation traded within the same 30-day window.

See who else bought · Free

On June 2, 2023, Hollar Mark R — CFO of Franklin Financial Services Corporation — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$8K in Franklin Financial Services Corporation (FRAF) stock.

This transaction was part of a cluster — 3 insiders at Franklin Financial Services Corporation 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, FRAF returned +11.3% versus +5.6% 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 ~$8K
Insider role CFO
Cluster 3 insiders
90-day return +11.3%
vs S&P 500 +5.6%

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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