OMSTEAD DANIEL R purchased ~$277K in Tekla Life Sciences Investors stock
Tekla Life Sciences Investors (HQL) · President · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+8.0%vs SPY +8.7%
Trade Details · Public SEC Filing
Insider
OMSTEAD DANIEL R
Role
President
Transaction
Open-Market Purchase
Approx. Value
~$277K
Trade Date
Sep 20, 2023
Company
Tekla Life Sciences Investors
Ticker
HQLSource
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.
~$277K purchase
A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.
President
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.
+8.0% in 90 days (S&P 500: +8.7%)
This trade underperformed the S&P 500 by 0.7 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.
How good is OMSTEAD DANIEL R at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On September 20, 2023, OMSTEAD DANIEL R — President of Tekla Life Sciences Investors — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$277K in Tekla Life Sciences Investors (HQL) 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, HQL returned +8.0% versus +8.7% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
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.
At a Glance
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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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