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Insider Buy Cluster Buy February 25, 2025

RICHSTONE ELLEN B purchased ~$197K in Orion Energy Systems Inc stock

Orion Energy Systems Inc (OESX)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-20.7%
OESX price after insider trade by RICHSTONE ELLEN B

Insider

RICHSTONE ELLEN B

Role

Transaction

Open-Market Purchase

Approx. Value

~$197K

Trade Date

Feb 25, 2025

Company

Orion Energy Systems Inc

Ticker

OESX

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$197K purchase

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.

-20.7% in 90 days

Measured from trade date to 90 days later. We track the performance of every insider trade to identify which insiders consistently make profitable moves.

RE

How good is RICHSTONE ELLEN B at picking stocks?

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

See track record
5

RICHSTONE ELLEN B wasn't the only one buying.

5 insiders at Orion Energy Systems Inc traded within the same 30-day window.

See who else bought · Free

On February 25, 2025, RICHSTONE ELLEN B — a corporate insider at Orion Energy Systems Inc — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$197K in Orion Energy Systems Inc (OESX) stock.

This transaction was part of a cluster — 5 insiders at Orion Energy Systems 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, OESX returned -20.7%

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 Strong
Trade size ~$197K
Insider role Insider
Cluster 5 insiders
90-day return -20.7%

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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