Disclaimer

Last updated: August 3, 2026

BoardroomTrades is an information service. Nothing on this website or in any related communication constitutes investment advice, financial advice, trading advice, or any other form of advice, and should not be treated as such.

Not investment advice

BoardroomTrades displays information derived from public filings submitted to the U.S. Securities and Exchange Commission (SEC).

This information is provided for general informational and educational purposes only. It does not constitute, and should not be interpreted as, a recommendation to buy, sell, or hold any security, nor as an offer or solicitation to do so. Historical insider buying activity is not a reliable indicator of future stock performance, and BoardroomTrades makes no claim that it is.

Strategic Research B.V., the operator of BoardroomTrades, is not a registered investment adviser, broker-dealer, or financial institution in any jurisdiction. Nothing on this site is a substitute for advice from a licensed financial professional. Before making any investment decision, you should conduct your own research and consult a qualified, licensed financial advisor familiar with your individual circumstances.

Trading in securities involves substantial risk, including the possible loss of the entire amount invested. Prices can move sharply and unpredictably. You should never invest money you cannot afford to lose, and you alone are responsible for any investment decision you make.

These criteria describe company size and listing age only. They are not a judgment of quality, safety or risk. Companies that meet every criterion can still fall sharply or fail.

Performance figures

Where BoardroomTrades displays returns or performance figures, these are hypothetical calculations based on our published methodology: an equal notional amount per qualifying filing, measured from the price the insider actually paid as reported in the Form 4, using official closing prices thereafter. They do not represent the results of any actual portfolio. They exclude transaction costs, taxes, dividends, and currency effects, and no investor has actually achieved these results by following the service.

Past performance, whether actual or hypothetically calculated, is no guarantee of and no reliable indicator of future results. A period of positive returns says nothing about what follows.

Data accuracy

Data displayed on BoardroomTrades is derived from public SEC filings and is provided "as is." We do not guarantee the accuracy, completeness, or timeliness of any information presented. BoardroomTrades applies its own selection criteria and displays only a subset of insider transactions; it is not a complete record of all insider activity. Filings may also contain errors made by the filer, and may be amended or corrected after we display them. Performance figures depend on third-party price data, which may contain errors or gaps.

No liability

To the fullest extent permitted by law, Strategic Research B.V. accepts no liability for any loss or damage arising, directly or indirectly, from the use of, or reliance on, information provided through BoardroomTrades, including but not limited to investment losses.

About the operator

BoardroomTrades is operated by Strategic Research B.V., registered in the Netherlands under Chamber of Commerce (KvK) number 68994877, VAT identification number NL857680626B01, registered office at W. v. d. Brinkstraat 106, 1444 HG Purmerend, the Netherlands. For questions about this disclaimer, contact support@boardroomtrades.com.