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Insider Sale Insider Sale May 6, 2024

Willrath Matthew sold ~$15M in Gulfport Energy Corporation stock

Gulfport Energy Corporation (GPOR)  ·  VP & CAO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-14.2%

vs SPY +0.5%

GPOR price after insider trade by Willrath Matthew

Insider

Willrath Matthew

Role

VP & CAO

Transaction

Open-Market Sale

Approx. Value

~$15M

Trade Date

May 6, 2024

Company

Gulfport Energy Corporation

Ticker

GPOR

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$15M sale

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.

VP & CAO

Senior executives have visibility into their division's pipeline and company health. Their trades carry weight because they understand the business from the inside.

5 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.

-14.2% in 90 days (S&P 500: +0.5%)

This trade underperformed the S&P 500 by 14.7 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

WM

How good is Willrath Matthew at picking stocks?

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

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5

Willrath Matthew wasn't the only one selling.

5 insiders at Gulfport Energy Corporation traded within the same 30-day window.

See who else bought · Free

On May 6, 2024, Willrath Matthew — VP & CAO of Gulfport Energy Corporation — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$15M in Gulfport Energy Corporation (GPOR) stock.

This transaction was part of a cluster — 5 insiders at Gulfport Energy Corporation made open-market sales 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, GPOR returned -14.2% versus +0.5% 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 Strong
Trade size ~$15M
Insider role VP & CAO
Cluster 5 insiders
90-day return -14.2%
vs S&P 500 -14.7%

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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