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Insider Sale Insider Sale December 10, 2020

Carusona Zach sold ~$213K in U.S. Silica Holdings, Inc. stock

U.S. Silica Holdings, Inc. (SLCA)  ·  President Specialty Minerals  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+109.7%

vs SPY +6.7%

SLCA price after insider trade by Carusona Zach

Insider

Carusona Zach

Role

President Specialty Minerals

Transaction

Open-Market Sale

Approx. Value

~$213K

Trade Date

Dec 10, 2020

Company

U.S. Silica Holdings, Inc.

Ticker

SLCA

Source

SEC EDGAR Form 4

Strong conviction signal

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

~$213K sale

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

President Specialty Minerals

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.

4 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.

+109.7% in 90 days (S&P 500: +6.7%)

This trade beat the S&P 500 by 103.0 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

CZ

How good is Carusona Zach at picking stocks?

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4

Carusona Zach wasn't the only one selling.

4 insiders at U.S. Silica Holdings, Inc. traded within the same 30-day window.

See who else bought · Free

On December 10, 2020, Carusona Zach — President Specialty Minerals of U.S. Silica Holdings, Inc. — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$213K in U.S. Silica Holdings, Inc. (SLCA) stock.

This transaction was part of a cluster — 4 insiders at U.S. Silica Holdings, 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.

In the 90 days following this trade, SLCA returned +109.7% versus +6.7% 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 ~$213K
Insider role President Specialty Minerals
Cluster 4 insiders
90-day return +109.7%
vs S&P 500 +103.0%

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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