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Form 4 / Form 4 Guide

Form 4 Guide

How To Read SEC Form 4 Insider Trading

Use this guide to separate open-market insider buying and selling from grants, option exercises, tax withholding, and routine compensation filings.

Window10d
Buy filings4
Sell filings1
Updated2026-06-29

What Is Form 4?

Form 4 is the filing used for many insider transactions by executives, directors, and 10% owners. SnowballHare currently groups 6 recent company rows so the useful read is transaction type, dollar size, insider role, and whether several insiders move in the same direction.

How To Use Form 4

1

Separate open-market buys and sells from grants, option exercises, gifts, and tax withholding.

2

Compare dollar value with insider role. A CFO, CEO, founder, or active director transaction usually deserves more attention than a small routine filing.

3

Look for cluster behavior: several insiders buying around the same time is usually cleaner than one isolated trade.

4

Check the trade against earnings quality, valuation, price reaction, and institutional ownership before treating it as a signal.

Recent Form 4 Examples

These examples come from the current generated Form 4 feed.

2026-06-29 LND

BrasilAgro - Brazilian Agricultural Real Estate Co · $102,898 · 29,000 shares

 2026-06-29 NONE

Fundrise Real Estate Interval Fund, LLC · $500 · 41 shares

 2026-06-29 BHRB

Burke & Herbert Financial Services Corp. · $1.6M · 28,314 shares

 2026-06-29 CALC

CalciMedica, Inc. · $1.4M · 1.7M shares

 2026-06-29 KLTR

KALTURA INC · $45,033 · 34,601 shares

 2026-06-29 HQI

HireQuest, Inc. · $0 · 400,000 shares

Continue With Live Form 4 Data

Latest Form 4 TrackerReturn to the live company-level dashboard. Recent Insider BuysFocus on open-market purchase signals. Recent Insider SellsReview recent sale context and transaction size.

Form 4 FAQ

Is insider buying always bullish?

No. It is stronger when the trade is open-market, meaningful in dollar value, made by a senior insider, and supported by earnings or valuation.

Is insider selling always bearish?

No. Sales can reflect taxes, diversification, planned trading programs, or liquidity needs. The better question is whether the sale is unusual versus prior behavior.

Which Form 4 transactions are cleanest?

Open-market purchases are usually cleaner than grants, option exercises, and tax withholding because the insider chose to commit capital.