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Insider Buy Mega Buy ($1M+) New Position December 14, 2022

Tolman Gary Charles purchased ~$3.3M in Global Indemnity Group, LLC stock

Global Indemnity Group, LLC (GBLI)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+22.3%

vs SPY -1.5%

GBLI price after insider trade by Tolman Gary Charles

Insider

Tolman Gary Charles

Role

Transaction

Open-Market Purchase

Approx. Value

~$3.3M

Trade Date

Dec 14, 2022

Company

Global Indemnity Group, LLC

Ticker

GBLI

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.

~$3.3M 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.

+22.3% in 90 days (S&P 500: -1.5%)

This trade beat the S&P 500 by 23.8 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

TG

How good is Tolman Gary Charles at picking stocks?

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

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On December 14, 2022, Tolman Gary Charles — a corporate insider at Global Indemnity Group, LLC — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$3.3M in Global Indemnity Group, LLC (GBLI) 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, GBLI returned +22.3% versus -1.5% 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 ~$3.3M
Insider role Insider
90-day return +22.3%
vs S&P 500 +23.8%

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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