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Real-time insider clusters. AI-narrated filing intelligence. 8-K material event alerts. The full SEC stack, priced for individuals.

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Active clusters this month

Last filing scanned: 1 day ago
DOCNSELLING
$529.5M
3 insiders
FLNCSELLING
$478.2M
3 insiders
LFSTSELLING
$278.4M
4 insiders
BXDCBUYING
$191.2M
8 insiders
CASE STUDY · GRAIL, INC.

When three officers sell on the same day, the market doesn't know yet. Tracenotes did — 78 days early.

On November 17, 2025, Illumina dumped 1,000,000 shares of GRAL — $79.85M. On December 3, the CEO, CFO, and President sold a combined $7.59M on the same day, all discretionary. Tracenotes' cluster detector flagged it. On February 20, 2026, the NHS-Galleri trial missed its primary endpoint and the stock fell roughly 50%.

Nov 17, 2025 · D-95
Illumina dumps 1M shares
$79.85M
Dec 3, 2025 · D-78
CEO + CFO + President sell same day
$7.59M
Feb 20, 2026
NHS-Galleri trial misses primary endpoint
−50%
Get alerts before the next oneSee GRAL insider page →
CASE STUDY · CARVANA, INC.

Same playbook, a different decade. The $4.2B insider cluster before Carvana fell 99%.

For three weeks in summer 2021, CEO Ernie Garcia III sold 60,000 shares a day. His father sold $3.6B in parallel. Sixteen months later the stock traded at $3.55 — a 99% drawdown. The same family is selling again, in similar size, at similar prices — this time under a 10b5-1 plan.

Read the full case study →See CVNA insider page →
$4.2B
Sold 2020–21
99%
Drawdown
60K/day
CEO cadence

Insider activity across the market

View full heatmap →

Last 30 days, top 15 tickers by activity. Bubble size = $ value. Click to dig in.

SHCJHGDOCNFLNCSITMNPLFSTRDWRSGBXDC$772.7M$641.2M$529.5M$478.2M$313.1M$298.8M$278.4M$209.6M$202.4M$191.2MMay 8May 10May 12May 14May 16May 18May 20May 22BXDC r=4.0 v=$10KRSG r=4.0 v=$30KRSG r=4.1 v=$48KRSG r=4.1 v=$79KBXDC r=4.1 v=$100KBXDC r=4.1 v=$100KBXDC r=4.1 v=$100KBXDC r=4.2 v=$200KDOCN r=4.3 v=$456KBXDC r=4.3 v=$500KBXDC r=4.3 v=$500KDOCN r=4.3 v=$678KRSG r=4.4 v=$884KRSG r=4.4 v=$963KSITM r=4.5 v=$1.3MRSG r=4.5 v=$1.5MRSG r=4.5 v=$1.7MRSG r=4.6 v=$1.9MRSG r=4.6 v=$1.9MLFST r=4.6 v=$2.0MLFST r=4.6 v=$2.3MDOCN r=4.6 v=$2.3MDOCN r=4.8 v=$3.2MDOCN r=4.8 v=$3.7MRSG r=4.8 v=$3.7MDOCN r=4.8 v=$3.8MDOCN r=4.9 v=$4.5MRSG r=4.9 v=$4.8MRSG r=5.0 v=$4.9MDOCN r=5.0 v=$5.1MRSG r=5.0 v=$5.8MRSG r=5.1 v=$5.9MDOCN r=5.1 v=$5.9MDOCN r=5.2 v=$7.1MBXDC r=5.2 v=$7.5MRSG r=5.4 v=$10.1MRSG r=5.4 v=$10.6MRSG r=5.5 v=$12.2MRSG r=5.7 v=$15.3MRSG r=5.7 v=$15.4MRSG r=5.9 v=$17.8MNP r=5.9 v=$18.2MRSG r=6.0 v=$20.2MNP r=6.0 v=$20.8MRSG r=6.5 v=$31.4MRSG r=6.6 v=$35.1MLFST r=7.1 v=$47.3MFLNC r=7.5 v=$60.2MRDW r=8.1 v=$82.1MNP r=8.9 v=$121.2MRDW r=9.1 v=$127.5MNP r=9.3 v=$138.7MBXDC r=10.1 v=$182.2MSHC r=10.2 v=$193.2MFLNC r=10.5 v=$206.6MFLNC r=10.5 v=$211.4MLFST r=10.8 v=$226.8MSHC r=11.7 v=$289.8MSHC r=11.7 v=$289.8MSITM r=11.9 v=$311.8MJHG r=12.1 v=$320.6MJHG r=12.1 v=$320.6MDOCN r=14.0 v=$492.8M

How it works

Three steps. No setup, no integrations.

STEP 1

We scan every Form 4

Tracenotes pulls every Form 4 filed with the SEC across the S&P 500 and beyond, every day.

STEP 2

Our detector finds clusters

When three or more insiders trade in the same direction within 14 days, that’s a cluster — and you see it.

STEP 3

You get the email

Add tickers to your watchlist. We email you when a cluster forms or a material event hits.

What you get

Insider intelligence + filing intelligence, in one place.

772
tickers covered
27.2K
insider transactions tracked this month
111
clusters detected this quarter

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company’s stock. By law these filings must be submitted within two business days of the trade, so they are a near-real-time view of what insiders are doing.

How fast do alerts arrive?

Tracenotes scans EDGAR daily for new Form 4 filings. When a cluster forms (three or more insiders trade in the same direction within 14 days), users tracking that ticker get an email alert within hours of detection. Watchlist tickers are scanned more frequently than the broader universe.

What counts as an insider cluster?

Three or more distinct insiders buying or selling within a 14-day window. Multi-insider activity is a stronger signal than a single trade because three different people independently reach the same view. Tracenotes excludes pre-scheduled 10b5-1 sales from cluster detection.

Is this legal?

Yes. Form 4 filings are public, filed with the SEC, and freely available on EDGAR. We aggregate and surface what is already published. No insider tips, no non-public information.

How is this different from EDGAR or FINRA tools?

EDGAR is the source. But you have to know what you are looking for, search ticker by ticker, and read raw XML. Tracenotes does the cluster math, ranks signals by significance, and emails you when patterns form across the tickers you track.

How accurate is the data?

Sourced directly from SEC EDGAR — the same data your broker, an analyst, or a regulator would use. We do not synthesize, infer, or estimate. If a transaction shows up on Tracenotes, the Form 4 is on EDGAR with the same numbers.