Weinstein Adam B. purchased ~$1.5M in New Mountain Finance Corporation stock
New Mountain Finance Corporation (NMFC) · EVP, CAO and Director · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
-0.1%vs SPY +3.3%
Trade Details · Public SEC Filing
Insider
Weinstein Adam B.
Role
EVP, CAO and Director
Transaction
Open-Market Purchase
Approx. Value
~$1.5M
Trade Date
Sep 15, 2025
Company
New Mountain Finance Corporation
Ticker
NMFCSource
SEC EDGAR Form 4
Why This Trade Stands Out
Very Strong conviction signal
Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.
~$1.5M purchase
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.
EVP, CAO and Director
Board directors review strategy, financials, and major decisions at the highest level. Their purchases often reflect confidence in long-term direction.
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.
-0.1% in 90 days (S&P 500: +3.3%)
This trade underperformed the S&P 500 by 3.4 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 Weinstein Adam B. at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Weinstein Adam B. wasn't the only one buying.
2 insiders at New Mountain Finance Corporation traded within the same 30-day window.
See who else bought · FreeOn September 15, 2025, Weinstein Adam B. — EVP, CAO and Director of New Mountain Finance Corporation — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$1.5M in New Mountain Finance Corporation (NMFC) stock.
This transaction was part of a cluster — 2 insiders at New Mountain Finance Corporation 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, NMFC returned -0.1% versus +3.3% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
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.
At a Glance
More NMFC Insider Activity
Malfettone John P
Jun 15, 2026
~$612K
STRONG
Weinstein Adam B.
Mar 17, 2026
~$393K
VS
Weinstein Adam B.
Mar 17, 2026
~$98K
VS
KLINSKY STEVEN B
Mar 17, 2026
~$28M
STRONG
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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