Curran Terrie purchased ~$415K in Phathom Pharmaceuticals, Inc. stock
Phathom Pharmaceuticals, Inc. (PHAT) · President and Chief Executive · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+30.6%vs SPY +7.5%
Trade Details · Public SEC Filing
Insider
Curran Terrie
Role
President and Chief Executive
Transaction
Open-Market Purchase
Approx. Value
~$415K
Trade Date
May 12, 2022
Company
Phathom Pharmaceuticals, Inc.
Ticker
PHATSource
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.
~$415K purchase
A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.
President and Chief Executive
CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.
3 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.
+30.6% in 90 days (S&P 500: +7.5%)
This trade beat the S&P 500 by 23.1 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is Curran Terrie at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Curran Terrie wasn't the only one buying.
3 insiders at Phathom Pharmaceuticals, Inc. traded within the same 30-day window.
See who else bought · FreeOn May 12, 2022, Curran Terrie — President and Chief Executive of Phathom Pharmaceuticals, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$415K in Phathom Pharmaceuticals, Inc. (PHAT) stock.
This transaction was part of a cluster — 3 insiders at Phathom Pharmaceuticals, 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, PHAT returned +30.6% versus +7.5% 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 PHAT Insider Activity
Topper James N
May 21, 2025
~$44K
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Curran Terrie
Jul 15, 2024
~$575K
STRONG
Curran Terrie
Apr 6, 2023
~$191K
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Curran Terrie
Mar 1, 2021
~$34M
VS
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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