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Insider Sale Mega Sale ($1M+) Insider Sale June 2, 2026

Soderstrom Gustav sold ~$10M in SPOT stock

SPOT (SPOT)  ·  Co-Chief Executive Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published

= insider buy date

SPOT price after insider trade by Soderstrom Gustav

Insider

Soderstrom Gustav

Role

Co-Chief Executive Officer

Transaction

Open-Market Sale

Approx. Value

~$10M

Trade Date

Jun 2, 2026

Company

SPOT

Ticker

SPOT

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$10M sale

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

Co-Chief Executive Officer

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

SG

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On June 2, 2026, Soderstrom Gustav — Co-Chief Executive Officer of SPOT — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$10M in SPOT (SPOT) stock.

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.

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 Very Strong
Trade size ~$10M
Insider role Co-Chief Executive Officer

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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