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Insider Buy Cluster Buy Mega Buy ($1M+) New Position October 26, 2021

Atlas Venture Fund XI, L.P. purchased ~$36M in Xilio Therapeutics, Inc. stock

Xilio Therapeutics, Inc. (XLO)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-12.5%

vs SPY -3.2%

XLO price after insider trade by Atlas Venture Fund XI, L.P.

Insider

Atlas Venture Fund XI, L.P.

Role

Transaction

Open-Market Purchase

Approx. Value

~$36M

Trade Date

Oct 26, 2021

Company

Xilio Therapeutics, Inc.

Ticker

XLO

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.

~$36M purchase

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.

6 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.

-12.5% in 90 days (S&P 500: -3.2%)

This trade underperformed the S&P 500 by 9.3 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

AV

How good is Atlas Venture Fund XI, L.P. at picking stocks?

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

See track record
6

Atlas Venture Fund XI, L.P. wasn't the only one buying.

6 insiders at Xilio Therapeutics, Inc. traded within the same 30-day window.

See who else bought · Free

On October 26, 2021, Atlas Venture Fund XI, L.P. — a corporate insider at Xilio Therapeutics, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$36M in Xilio Therapeutics, Inc. (XLO) stock.

This transaction was part of a cluster — 6 insiders at Xilio Therapeutics, 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, XLO returned -12.5% versus -3.2% 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 Very Strong
Trade size ~$36M
Insider role Insider
Cluster 6 insiders
90-day return -12.5%
vs S&P 500 -9.3%

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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