Information service

When an executive unexpectedly buys millions in their own company.

From purchase to filing

An executive is legally required to file a purchase with the SEC within two business days. Once filed, the SEC publishes it almost immediately, usually the same day. That is why the transaction date often sits one or two days before the filing date. When an executive files on the day of the trade itself, you see it directly: transaction date and filing date line up.

From thousands of daily filings we find and show you one thing: the large, unplanned purchases where an executive puts their own money to work in the company they run.

No credit card required · Instant access

Sample filing
Transaction date
Mar 12, 2025
Filing date
Mar 14, 2025
NVDA
NVIDIA Corporation
Nasdaq
Insider
Colette Kress
CFO
Type
Buy
Shares
14,000
Price
$118.64
Total value
$1,661,040

This is what you see when you open a filing.

How it works

Three steps. No noise.

01

We read every Form 4 filing

Every trading day, US executives file mandatory disclosures with the SEC. We show you qualifying purchases in your dashboard within minutes of SEC publication.

02

We filter strictly

Only open-market purchases of $500,000 or more, on NYSE or Nasdaq, with no pre-set 10b5-1 plan attached.

03

You see what matters

The overview appears directly in your browser, in clear English, ready whenever you have time to review it.

Why this matters

A large, unplanned purchase is a fact.

Not a forecast, not an expectation, not an opinion. It is a decision made by someone who knows the company from the inside.

01

No one knows the company better

A CEO, CFO or board member has daily visibility into how the business is really doing. When they buy more privately, that is a meaningful signal.

02

Real own money, real risk

An open-market purchase is not an option grant or an award. The executive commits personal capital and bears the full price risk.

03

Unplanned weighs more than planned

A purchase outside a 10b5-1 schedule is an active decision made in the moment. That carries more signal than a trade locked in months ago.

Our methodology

Four filters. Nothing more, nothing less.

We add no scores, no forecasts and no opinions. You get the fact. The interpretation stays with you.

Transaction code
Only P

We only show you open-market purchases (Form 4, code P). Grants, options and automated plans are filtered out.

Minimum value
$500,000

Below this threshold, much of the noise is routine. We focus on purchases that are material to the executive personally.

Exchange
NYSE · Nasdaq

Only companies listed on NYSE or Nasdaq. This keeps quality high and the tickers tradable through any standard broker.

No 10b5-1
Unplanned

A 10b5-1 plan is a pre-arranged trading schedule. We filter those out and keep only purchases decided in the moment.

Not investment advice. BoardroomTrades is an information service that makes publicly available filings easier to read. We make no recommendations and no predictions about future price movements.

From filing to your dashboard

Filed after close. On your dashboard within minutes.

US markets close at 4:00 PM Eastern and most Form 4 filings are submitted in the hours after the close. The SEC publishes each filing almost immediately, and BoardroomTrades brings you qualifying insider purchases within minutes of that publication — well before US markets reopen at 9:30 AM Eastern the next day. Whether you trade from New York, London or Singapore, you can review the latest insider buying before the next session begins.

4:00 PM ET
US markets close
After close
Insiders file their Form 4 purchases
Minutes later
Qualifying filings appear on your dashboard
9:30 AM ET
US markets reopen — you're already up to date
Works with your broker

Use alongside any broker

Works alongside any online broker that gives you access to NYSE and Nasdaq. BoardroomTrades is an information service, not a broker. Trade where you already do.

Interactive BrokersCharles SchwabFidelityE*TRADERobinhoodSaxoDEGIROTrade Republic
Pricing

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$179per year
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  • Sort and filter on every attribute
  • Personal watchlist
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Frequently asked questions

The questions we hear most.

Do you provide investment advice?+

No. BoardroomTrades is an information service. We make publicly available SEC filings easier to read. We do not provide advice, recommendations or forecasts.

Where does the data come from?+

Directly from the SEC, the US securities regulator. Every insider at a US-listed company must disclose their stock transactions on a Form 4 filing. We read these filings and bring you the large open-market insider purchases.

Why only purchases of $500,000 and above?+

Below that, much of the activity is routine: small transactions, automated plans and symbolic purchases. From $500,000, the purchase becomes meaningful to the executive personally.

What does 'unplanned' mean?+

Executives can pre-set a Rule 10b5-1 plan that locks in when and how much they will buy or sell, with those trades decided months in advance. We filter those out and only show open-market insider purchases decided in the moment.

How often do new filings appear?+

Form 4 filings arrive throughout the trading day, with the most activity after the US market close. Qualifying insider purchases appear on your dashboard within minutes of being published by the SEC. Quiet days bring a handful; busy days bring dozens.

Do you cover non-US stocks?+

Not in this version. We only show filings for companies listed on NYSE or Nasdaq. Other jurisdictions sit under different rules and are not included.

Do I need a US broker?+

No. You can buy US stocks through almost any international online broker, including Interactive Brokers, Charles Schwab, Fidelity, E*TRADE, Robinhood, Saxo, DEGIRO and Trade Republic.

Can I export or get email alerts?+

No. BoardroomTrades is intentionally a quiet, browser-only service in this version. There are no emails, notifications or exports.

Why do the transaction date and filing date differ?+

After a purchase, an executive has two business days to file Form 4 with the SEC. The SEC then publishes the filing almost immediately, usually within minutes and typically the same day. The delay sits with the executive's filing, not with SEC publication. That is why the transaction date is often one or two days before the filing date. A filing made on the same day as the trade can be isolated with the "only same-day filings" filter.

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