TellSignal
Insider transaction intelligence · Public SEC data

See what insider actions are telling you.

TellSignal filters noisy public Form 4 filings into clean, explainable insider transaction signals.

Stop scrolling raw filings. TellSignal highlights the insider activity that may actually deserve a closer look.

Raw Form 4 filings are noisy

Most insider filings are option exercises, tax withholdings, grants, gifts, or planned 10b5-1 trades — not conviction. They drown out the handful of filings that might genuinely matter.

What TellSignal does

We parse every Form 4, deterministically classify each transaction, and surface only clean open-market purchases with strong context — ranked by an explainable conviction score.

Example signal cards

Demo data
DEMO1
Demo Industrials Inc.
Conviction
86
Jane R. Officer · CFO
2026-05-20 · $1,240,000
Clean Open-Market Purchase
CFO Buy
Cluster Buy

Three insiders, including the CFO, purchased shares on the open market within 18 days. No same-insider sales in the prior 12 months.

Not investment advice. Public-market data for educational purposes only.

DEMO2
Demo Health Corp.
Conviction
71
Alex M. Director · Director
2026-05-18 · $320,000
Clean Open-Market Purchase
Behavioural Reversal
First Buy in 12 Months

Director's first open-market purchase in 14 months, following six months of net insider selling at the company.

Not investment advice. Public-market data for educational purposes only.

DEMO3
Demo Semiconductors Ltd.
Conviction
64
Pat L. Founder · CEO / Founder
2026-05-15 · $2,900,000
Clean Open-Market Purchase
CEO Buy
Annual Recurrence Detected

CEO purchase consistent with annual buying pattern. Sized in line with prior years; timing novelty is reduced.

Not investment advice. Public-market data for educational purposes only.

How scoring works

Each transaction is scored deterministically across seven dimensions, then combined into a 0–100 conviction score.

Cleanliness
Open-market purchase, non-derivative, not a grant or tax withholding, no obvious 10b5-1.
Role strength
CEO, CFO, founder, director, and 10% owner buys carry different weight.
Cluster
Two or more insiders buying in 30 days; three or more in 60 days.
Commitment
Transaction value relative to insider history.
Insider behaviour
First buy in 12 months; first buy by this insider in 3 years.
Penalties
Annual roundtrip patterns and recent same-insider sales reduce the score.

Why purchases are filtered carefully

Not every Form 4 with a "P" transaction code is meaningful. We separate clean open-market purchases from option exercises, grants, awards, tax-withholding dispositions, gifts, and derivative activity before anything is scored or surfaced.

Important disclaimer

TellSignal provides public-market data and analysis for educational and informational purposes only. Nothing on this site is investment advice or a recommendation to buy, sell, or hold any security.

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