Menard Neil David purchased ~$897K in XPMIX stock
XPMIX (XPMIX) · President of Distribution · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
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Trade Details · Public SEC Filing
Insider
Menard Neil David
Role
President of Distribution
Transaction
Open-Market Purchase
Approx. Value
~$897K
Trade Date
Feb 1, 2021
Company
XPMIX
Ticker
XPMIXSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$897K purchase
A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.
President of Distribution
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.
How good is Menard Neil David at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Menard Neil David wasn't the only one buying.
4 insiders at XPMIX traded within the same 30-day window.
See who else bought · FreeOn February 1, 2021, Menard Neil David — President of Distribution of XPMIX — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$897K in XPMIX (XPMIX) stock.
This transaction was part of a cluster — 4 insiders at XPMIX 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.
VeritySignals Conviction Analysis
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.
At a Glance
How to Read Insider Trades
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.
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