GEORGE KELLY W sold ~$140K in Mackinac Financial Corporation stock
Mackinac Financial Corporation (MFNC) · President · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
GEORGE KELLY W
Role
President
Transaction
Open-Market Sale
Approx. Value
~$140K
Trade Date
Jul 30, 2021
Company
Mackinac Financial Corporation
Ticker
MFNCSource
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.
~$140K sale
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.
2 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.
How good is GEORGE KELLY W at picking stocks?
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GEORGE KELLY W wasn't the only one selling.
2 insiders at Mackinac Financial Corporation traded within the same 30-day window.
See who else bought · FreeOn July 30, 2021, GEORGE KELLY W — President of Mackinac Financial Corporation — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$140K in Mackinac Financial Corporation (MFNC) stock.
This transaction was part of a cluster — 2 insiders at Mackinac Financial 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.
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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 MFNC Insider Activity
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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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