Insider Sale Insider Sale March 8, 2021

DONNELLY MICHAEL JOSEPH sold ~$7.5M in The Kroger Co. stock

The Kroger Co. (KR)  ·  Executive VP and COO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+12.7%

vs SPY +11.0%

KR price after insider trade by DONNELLY MICHAEL JOSEPH

Insider

DONNELLY MICHAEL JOSEPH

Role

Executive VP and COO

Transaction

Open-Market Sale

Approx. Value

~$7.5M

Trade Date

Mar 8, 2021

Company

The Kroger Co.

Ticker

KR

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$7.5M 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.

Executive VP and COO

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.

+12.7% in 90 days (S&P 500: +11.0%)

This trade beat the S&P 500 by 1.8 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

DM

How good is DONNELLY MICHAEL JOSEPH at picking stocks?

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5

DONNELLY MICHAEL JOSEPH wasn't the only one selling.

5 insiders at The Kroger Co. traded within the same 30-day window.

See who else bought · Free

On March 8, 2021, DONNELLY MICHAEL JOSEPH — Executive VP and COO of The Kroger Co. — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$7.5M in The Kroger Co. (KR) stock.

This transaction was part of a cluster — 5 insiders at The Kroger Co. 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, KR returned +12.7% versus +11.0% 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 ~$7.5M
Insider role Executive VP and COO
Cluster 5 insiders
90-day return +12.7%
vs S&P 500 +1.8%

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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