Forman Michael C. purchased ~$639K in FSSL stock
FSSL (FSSL) · See Remarks · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
Forman Michael C.
Role
See Remarks
Transaction
Open-Market Purchase
Approx. Value
~$639K
Trade Date
Mar 5, 2026
Company
FSSL
Ticker
FSSLSource
SEC EDGAR Form 4
Why This Trade Stands Out
Very Strong conviction signal
Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.
~$639K purchase
A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.
See Remarks
Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.
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.
How good is Forman Michael C. at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Forman Michael C. wasn't the only one buying.
3 insiders at FSSL traded within the same 30-day window.
See who else bought · FreeOn March 5, 2026, Forman Michael C. — See Remarks of FSSL — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$639K in FSSL (FSSL) stock.
This transaction was part of a cluster — 3 insiders at FSSL 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.
VeritySignals 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.
At a Glance
More FSSL Insider Activity
Forman Michael C.
Mar 10, 2026
~$1.8M
STRONG
Goldstein Richard I
Mar 10, 2026
~$289K
STRONG
Goldstein Richard I
Dec 10, 2025
~$754K
STRONG
Forman Michael C.
Dec 3, 2025
~$251K
VS
How to Read Insider Trades
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.
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