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Insider Sale Insider Sale March 24, 2025

Hart Gerard Johan sold ~$331K in Red Robin Gourmet Burgers, Inc. stock

Red Robin Gourmet Burgers, Inc. (RRGB)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

RRGB price after insider trade by Hart Gerard Johan

Insider

Hart Gerard Johan

Role

Transaction

Open-Market Sale

Approx. Value

~$331K

Trade Date

Mar 24, 2025

Company

Red Robin Gourmet Burgers, Inc.

Ticker

RRGB

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$331K sale

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.

HG

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5

Hart Gerard Johan wasn't the only one selling.

5 insiders at Red Robin Gourmet Burgers, Inc. traded within the same 30-day window.

See who else bought · Free

On March 24, 2025, Hart Gerard Johan — a corporate insider at Red Robin Gourmet Burgers, Inc. — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$331K in Red Robin Gourmet Burgers, Inc. (RRGB) stock.

This transaction was part of a cluster — 5 insiders at Red Robin Gourmet Burgers, Inc. made open-market sales 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.

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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 ~$331K
Insider role Insider
Cluster 5 insiders

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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