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Insider Buy Cluster Buy CFO Buy New Position May 22, 2023

Dennedy James H purchased ~$157K in SHF Holdings, Inc. stock

SHF Holdings, Inc. (SHFS)  ·  Chief Financial Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+12.4%

vs SPY +5.3%

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Insider

Dennedy James H

Role

Chief Financial Officer

Transaction

Open-Market Purchase

Approx. Value

~$157K

Trade Date

May 22, 2023

Company

SHF Holdings, Inc.

Ticker

SHFS

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$157K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

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.

+12.4% in 90 days (S&P 500: +5.3%)

This trade beat the S&P 500 by 7.1 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

DJ

How good is Dennedy James H at picking stocks?

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

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7

Dennedy James H wasn't the only one buying.

7 insiders at SHF Holdings, Inc. traded within the same 30-day window.

See who else bought · Free

On May 22, 2023, Dennedy James H — Chief Financial Officer of SHF Holdings, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$157K in SHF Holdings, Inc. (SHFS) stock.

This transaction was part of a cluster — 7 insiders at SHF Holdings, 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, SHFS returned +12.4% versus +5.3% 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 ~$157K
Insider role Chief Financial Officer
Cluster 7 insiders
90-day return +12.4%
vs S&P 500 +7.1%

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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