How it works

BoardroomTrades monitors SEC Form 4 filings for qualifying open-market purchases of $100,000 or more by officers and directors. Live tracking under the current methodology began on 31 August 2026.

1

We read everything.

Every trading day, American executives are legally obliged to disclose what they bought. That obligation is the reason this data exists at all, and it is the reason nobody can quietly opt out of it. We watch the filings as they publish.

2

We throw most of it away.

The rules are fixed and public: open market only, $100,000 and up, officers and directors, no 10b5-1 plan attached, no micro caps under $300 million, nothing that listed in the past six months. A filing either clears all of that or it never reaches your screen. There is no editorial judgement involved and no house favourites.

3

You get one screen.

Who bought, what they run, how many shares and at what price, what it cost them, how large the company is, and whether they filed the same day. Next to every row sits its performance since the purchase, measured from the insider's own entry price rather than from whenever you happened to look. Sort it, filter it, star what you care about.

4

Three kinds of alert.

When the purchase and the filing fall on the same day and the filing arrives while the market is open, between 09:30 and 16:00 ET, you hear it within minutes with the price at that moment. When it arrives after the close, you hear it that same evening, and the tracked entry price is the next morning's opening auction. And when two or more insiders at the same company file within five trading days of each other, one cluster alert goes out when the second one files. Every alert arrives by email, and as a notification on your phone or computer if you switch that on. Notifications are per device, from the dashboard or the Account page. On an iPhone the site has to be added to the home screen first and opened from that icon, because Safari only allows it there.

5

And one email.

Once the SEC window has shut for the day, the complete session lands in your inbox. Not a selection, not a top three. Everything that got through. Some days that is one filing. On a busy Monday it can be thirteen. Now and then the honest answer is that nothing qualified, and we tell you that instead of padding the list.

6

Two portfolios you can check.

Every alert is tracked from a price a subscriber could actually have paid. For a same-session alert that is the live price at the moment it was sent; for a same-day alert it is the next morning's opening auction, because the market was shut when the alert went out. Both are measured on settled closing prices only and nothing is ever sold. Both figures sit on the dashboard and on the Portfolios page with the method in full. Alongside them runs a benchmark from the insider's own purchase price, as context rather than as something anyone could have replicated.