Marin Kendall Leo purchased ~$35K in Pineapple Financial Inc. stock
Pineapple Financial Inc. (PAPL) · COO · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+259.6%vs SPY +7.7%
Trade Details · Public SEC Filing
Insider
Marin Kendall Leo
Role
COO
Transaction
Open-Market Purchase
Approx. Value
~$35K
Trade Date
Jun 3, 2025
Company
Pineapple Financial Inc.
Ticker
PAPLSource
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.
~$35K purchase
A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.
COO
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.
+259.6% in 90 days (S&P 500: +7.7%)
This trade beat the S&P 500 by 251.9 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is Marin Kendall Leo at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Marin Kendall Leo wasn't the only one buying.
2 insiders at Pineapple Financial Inc. traded within the same 30-day window.
See who else bought · FreeOn June 3, 2025, Marin Kendall Leo — COO of Pineapple Financial Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$35K in Pineapple Financial Inc. (PAPL) stock.
This transaction was part of a cluster — 2 insiders at Pineapple Financial 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, PAPL returned +259.6% versus +7.7% 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 PAPL Insider Activity
Marin Kendall Leo
Jul 1, 2025
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Jun 30, 2025
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Giannoukakis Tasis Anastasios
May 30, 2025
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Dasgupta Shubha-Jeet
May 16, 2025
~$67K
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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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