Fennimore Thomas purchased ~$656K in Luminar Technologies, Inc. stock
Luminar Technologies, Inc. (LAZR) · Chief Financial Officer · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
-22.8%vs SPY -9.7%
Trade Details · Public SEC Filing
Insider
Fennimore Thomas
Role
Chief Financial Officer
Transaction
Open-Market Purchase
Approx. Value
~$656K
Trade Date
Dec 14, 2021
Company
Luminar Technologies, Inc.
Ticker
LAZRSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$656K purchase
A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.
Chief Financial Officer
CFOs have direct access to financials before they become public. Their trades are among the most closely watched by institutional investors.
6 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.
-22.8% in 90 days (S&P 500: -9.7%)
This trade underperformed the S&P 500 by 13.1 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 Fennimore Thomas at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Fennimore Thomas wasn't the only one buying.
6 insiders at Luminar Technologies, Inc. traded within the same 30-day window.
See who else bought · FreeOn December 14, 2021, Fennimore Thomas — Chief Financial Officer of Luminar Technologies, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$656K in Luminar Technologies, Inc. (LAZR) stock.
This transaction was part of a cluster — 6 insiders at Luminar Technologies, Inc. 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.
In the 90 days following this trade, LAZR returned -22.8% versus -9.7% for the S&P 500 over the same period.
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 LAZR Insider Activity
Russell Austin
May 15, 2023
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VS
Russell Austin
May 10, 2022
~$5.3M
STRONG
Russell Austin
Jul 1, 2021
~$221M
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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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