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Insider Sale Insider Sale March 4, 2026

Litton Mark James sold ~$112K in LeonaBio, Inc. stock

LeonaBio, Inc. (LONA)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

LONA price after insider trade by Litton Mark James

Insider

Litton Mark James

Role

Transaction

Open-Market Sale

Approx. Value

~$112K

Trade Date

Mar 4, 2026

Company

LeonaBio, Inc.

Ticker

LONA

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$112K sale

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

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.

LM

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5

Litton Mark James wasn't the only one selling.

5 insiders at LeonaBio, Inc. traded within the same 30-day window.

See who else bought · Free

On March 4, 2026, Litton Mark James — a corporate insider at LeonaBio, Inc. — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$112K in LeonaBio, Inc. (LONA) stock.

This transaction was part of a cluster — 5 insiders at LeonaBio, Inc. 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.

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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 ~$112K
Insider role Insider
Cluster 5 insiders

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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