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Insider Buy CEO Buy August 15, 2023

SLOANE BARRY purchased ~$35K in NewtekOne, Inc. stock

NewtekOne, Inc. (NEWT)  ·  Chairman & CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-23.2%

vs SPY -0.3%

NEWT price after insider trade by SLOANE BARRY

Insider

SLOANE BARRY

Role

Chairman & CEO

Transaction

Open-Market Purchase

Approx. Value

~$35K

Trade Date

Aug 15, 2023

Company

NewtekOne, Inc.

Ticker

NEWT

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$35K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

Chairman & CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

-23.2% in 90 days (S&P 500: -0.3%)

This trade underperformed the S&P 500 by 22.9 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

SB

How good is SLOANE BARRY at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On August 15, 2023, SLOANE BARRY — Chairman & CEO of NewtekOne, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$35K in NewtekOne, Inc. (NEWT) 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, NEWT returned -23.2% versus -0.3% 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 Very Strong
Trade size ~$35K
Insider role Chairman & CEO
90-day return -23.2%
vs S&P 500 -22.9%

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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