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Insider Buy Cluster Buy CFO Buy March 17, 2020

Nolden Dean J purchased ~$544K in REV Group, Inc. stock

REV Group, Inc. (REVG)  ·  Chief Financial Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+14.8%

vs SPY +22.2%

REVG price after insider trade by Nolden Dean J

Insider

Nolden Dean J

Role

Chief Financial Officer

Transaction

Open-Market Purchase

Approx. Value

~$544K

Trade Date

Mar 17, 2020

Company

REV Group, Inc.

Ticker

REVG

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$544K purchase

A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.

Chief Financial Officer

CFOs have direct access to financials before they become public. Their trades are among the most closely watched by institutional investors.

7 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.

+14.8% in 90 days (S&P 500: +22.2%)

This trade underperformed the S&P 500 by 7.3 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

ND

How good is Nolden Dean J at picking stocks?

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

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7

Nolden Dean J wasn't the only one buying.

7 insiders at REV Group, Inc. traded within the same 30-day window.

See who else bought · Free

On March 17, 2020, Nolden Dean J — Chief Financial Officer of REV Group, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$544K in REV Group, Inc. (REVG) stock.

This transaction was part of a cluster — 7 insiders at REV Group, 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, REVG returned +14.8% versus +22.2% 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 Strong
Trade size ~$544K
Insider role Chief Financial Officer
Cluster 7 insiders
90-day return +14.8%
vs S&P 500 -7.3%

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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