DRS
insider transactionsLeonardo DRS, Inc. — buys & sells by directors, officers and 10% owners A shareholder owning more than 10% of the company. Must report trades, but usually a weaker signal than an officer or director. (SEC Form 4).
Net shares · 90d
-46.3K
25.0K buy · 71.3K sell
Net value · 90d
-$2.2M
$1.1M in · $3.3M out
Sentiment · 90d
Net selling
25% buying · 75% selling
Open-market trades · 90d
9
25.0K buy · 71.3K sell
Net buy / sell volume
Not enough data to chart yet.
Tap or hover the chart for daily net volume. Green = net buying, red = net selling.
All transactions
-
Sell·S
EVP, Chief Operating Officer · 10b5-1
$65.0K
1.3K sh · $50.00
Own -2%
-
Sell·S
Michael Dippold KEY
EVP and CFO · 10b5-1
$386.6K
8.3K sh · $46.48
Own -13%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +30%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +11%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +13%
-
Exercise·M
Director
$0
649 sh
Own New
-
Exercise·M
Director
$0
649 sh
Own +3%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +12%
-
Sell·S
EVP, GC and Secretary · 10b5-1
$253.3K
5.5K sh · $45.75
Own -13%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +12%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +17%
-
Exercise·M
Director
$0
3.6K sh
Own New
-
Exercise·M
Director
$0
3.6K sh
Own +12%
-
Sell·S
EVP Chief Tax and Treasury · 10b5-1
$181.2K
3.9K sh · $46.87
Own -11%
-
Sell·S
SVP and Controller
$521.0K
11.5K sh · $45.13
Own -52%
-
Grant·A
Director
$0
9.8K sh
Own +8%
-
Buy·P
Director
$1.1M
25.0K sh · $42.77
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
Director
$0
3.7K sh
Own New
-
Grant·A
EVP Chief Tax and Treasury
$0
5.9K sh
Own New
-
Grant·A
SVP and Controller
$0
4.1K sh
Own New
-
Grant·A
EVP, Chief Operating Officer
$0
7.4K sh
Own New
-
Grant·A
EVP, GC and Secretary
$0
7.4K sh
Own New
-
Grant·A
Michael Dippold KEY
EVP and CFO
$0
12.0K sh
Own New
-
Grant·A
John Baylouny KEY
President and CEO
$0
21.8K sh
Own New
-
Sell·S
EVP, Chief Operating Officer · 10b5-1
$1.3M
29.0K sh · $46.35
Own -33%
-
Sell·S
EVP, GC and Secretary · 10b5-1
$211.4K
4.7K sh · $45.38
Own -10%
-
Sell·S
Michael Dippold KEY
EVP and CFO · 10b5-1
$320.9K
7.1K sh · $45.38
Own -10%
-
Exercise·M
EVP Chief Tax and Treasury
$0
2.8K sh
Own +100%
-
Exercise·M
EVP Chief Tax and Treasury
$0
3.8K sh
Own New
-
Exercise·M
EVP Chief Tax and Treasury
$0
5.4K sh
Own New
-
Other·F
EVP Chief Tax and Treasury
$63.0K
1.4K sh · $45.86
Own -4%
-
Exercise·M
EVP Chief Tax and Treasury
$0
2.8K sh
Own +8%
-
Other·F
EVP Chief Tax and Treasury
$85.8K
1.9K sh · $45.86
Own -5%
-
Exercise·M
EVP Chief Tax and Treasury
$0
3.8K sh
Own +12%
-
Other·F
EVP Chief Tax and Treasury
$121.4K
2.6K sh · $45.86
Own -8%
-
Exercise·M
EVP Chief Tax and Treasury
$0
5.4K sh
Own +18%
-
Other·F
EVP Chief Tax and Treasury
$262.2K
5.7K sh · $45.86
Own -16%
-
Grant·A
EVP Chief Tax and Treasury
$0
11.6K sh
Own +50%
-
Other·F
EVP Chief Tax and Treasury
$294.1K
6.4K sh · $45.86
Own -22%
-
Grant·A
EVP Chief Tax and Treasury
$0
17.3K sh
Own +141%
-
Exercise·M
SVP and Controller
$0
1.9K sh
Own +100%
-
Exercise·M
SVP and Controller
$0
2.5K sh
Own New
-
Exercise·M
SVP and Controller
$0
3.2K sh
Own New
-
Other·F
SVP and Controller
$41.0K
894 sh · $45.86
Own -4%
-
Exercise·M
SVP and Controller
$0
1.9K sh
Own +9%
-
Other·F
SVP and Controller
$54.3K
1.2K sh · $45.86
Own -5%
-
Exercise·M
SVP and Controller
$0
2.5K sh
Own +13%
-
Other·F
SVP and Controller
$69.8K
1.5K sh · $45.86
Own -7%
-
Exercise·M
SVP and Controller
$0
3.2K sh
Own +18%
-
Other·F
SVP and Controller
$116.5K
2.5K sh · $45.86
Own -12%
-
Grant·A
SVP and Controller
$0
7.0K sh
Own +51%
-
Other·F
SVP and Controller
$153.1K
3.3K sh · $45.86
Own -20%
-
Grant·A
SVP and Controller
$0
10.4K sh
Own +161%
-
Exercise·M
EVP, Chief Operating Officer · 10b5-1
$0
3.0K sh
Own +100%
-
Exercise·M
EVP, Chief Operating Officer · 10b5-1
$0
4.3K sh
Own New
-
Exercise·M
EVP, Chief Operating Officer · 10b5-1
$0
7.3K sh
Own New
-
Other·F
EVP, Chief Operating Officer · 10b5-1
$68.5K
1.5K sh · $45.86
Own -2%
-
Exercise·M
EVP, Chief Operating Officer · 10b5-1
$0
3.0K sh
Own +4%
-
Other·F
EVP, Chief Operating Officer · 10b5-1
$97.6K
2.1K sh · $45.86
Own -2%
-
Exercise·M
EVP, Chief Operating Officer · 10b5-1
$0
4.3K sh
Own +5%
-
Other·F
EVP, Chief Operating Officer · 10b5-1
$163.2K
3.6K sh · $45.86
Own -4%
-
Exercise·M
EVP, Chief Operating Officer · 10b5-1
$0
7.3K sh
Own +9%
-
Other·F
EVP, Chief Operating Officer · 10b5-1
$352.4K
7.7K sh · $45.86
Own -9%
-
Grant·A
EVP, Chief Operating Officer · 10b5-1
$0
15.7K sh
Own +22%
-
Other·F
EVP, Chief Operating Officer · 10b5-1
$451.2K
9.8K sh · $45.86
Own -12%
-
Grant·A
EVP, Chief Operating Officer · 10b5-1
$0
23.4K sh
Own +40%
-
Exercise·M
Director
$0
1.0K sh
Own +50%
-
Exercise·M
Director
$0
1.0K sh
Own +3%
-
Grant·A
Director
$0
649 sh
Own New
-
Exercise·M
EVP, GC and Secretary · 10b5-1
$0
3.4K sh
Own +100%
-
Exercise·M
EVP, GC and Secretary · 10b5-1
$0
4.8K sh
Own +238500%
-
Exercise·M
EVP, GC and Secretary · 10b5-1
$0
7.3K sh
Own New
-
Other·F
EVP, GC and Secretary · 10b5-1
$77.6K
1.7K sh · $45.86
Own -3%
-
Exercise·M
EVP, GC and Secretary · 10b5-1
$0
3.4K sh
Own +8%
-
Other·F
EVP, GC and Secretary · 10b5-1
$107.3K
2.3K sh · $45.86
Own -5%
-
Exercise·M
EVP, GC and Secretary · 10b5-1
$0
4.8K sh
Own +11%
-
Other·F
EVP, GC and Secretary · 10b5-1
$163.2K
3.6K sh · $45.86
Own -8%
-
Exercise·M
EVP, GC and Secretary · 10b5-1
$0
7.3K sh
Own +19%
-
Other·F
EVP, GC and Secretary · 10b5-1
$352.4K
7.7K sh · $45.86
Own -16%
-
Grant·A
EVP, GC and Secretary · 10b5-1
$0
15.7K sh
Own +50%
-
Other·F
EVP, GC and Secretary · 10b5-1
$456.6K
10.0K sh · $45.86
Own -24%
-
Grant·A
EVP, GC and Secretary · 10b5-1
$0
23.4K sh
Own +132%
-
Exercise·M
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
5.5K sh
Own +100%
-
Exercise·M
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
6.8K sh
Own +681500%
-
Exercise·M
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
10.4K sh
Own New
-
Other·F
Michael Dippold KEY
EVP and CFO · 10b5-1
$112.8K
2.5K sh · $45.86
Own -3%
-
Exercise·M
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
5.5K sh
Own +8%
-
Other·F
Michael Dippold KEY
EVP and CFO · 10b5-1
$141.0K
3.1K sh · $45.86
Own -4%
-
Exercise·M
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
6.8K sh
Own +11%
-
Other·F
Michael Dippold KEY
EVP and CFO · 10b5-1
$214.3K
4.7K sh · $45.86
Own -7%
-
Exercise·M
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
10.4K sh
Own +18%
-
Other·F
Michael Dippold KEY
EVP and CFO · 10b5-1
$462.9K
10.1K sh · $45.86
Own -15%
-
Grant·A
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
22.4K sh
Own +48%
-
Other·F
Michael Dippold KEY
EVP and CFO · 10b5-1
$635.5K
13.9K sh · $45.86
Own -23%
-
Grant·A
Michael Dippold KEY
EVP and CFO · 10b5-1
$0
33.4K sh
Own +125%
-
Exercise·M
John Baylouny KEY
President and CEO
$0
6.0K sh
Own +100%
-
Exercise·M
John Baylouny KEY
President and CEO
$0
8.3K sh
Own +416250%
-
Exercise·M
John Baylouny KEY
President and CEO
$0
12.6K sh
Own New
-
Other·F
John Baylouny KEY
President and CEO
$124.3K
2.7K sh · $45.86
Own -2%
-
Exercise·M
John Baylouny KEY
President and CEO
$0
6.0K sh
Own +4%
-
Other·F
John Baylouny KEY
President and CEO
$172.2K
3.8K sh · $45.86
Own -2%
-
Exercise·M
John Baylouny KEY
President and CEO
$0
8.3K sh
Own +6%
-
Other·F
John Baylouny KEY
President and CEO
$261.2K
5.7K sh · $45.86
Own -4%
-
Exercise·M
John Baylouny KEY
President and CEO
$0
12.6K sh
Own +9%
-
Other·F
John Baylouny KEY
President and CEO
$564.0K
12.3K sh · $45.85
Own -8%
-
Grant·A
John Baylouny KEY
President and CEO
$0
27.3K sh
Own +21%
-
Other·F
John Baylouny KEY
President and CEO
$805.1K
17.6K sh · $45.86
Own -12%
-
Grant·A
John Baylouny KEY
President and CEO
$0
40.7K sh
Own +38%
| Date▾ | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Jun 11, 2026 | Sally Wallace 10b5-1 | Sell S | 1.3K | $65.0K |
| Jun 8, 2026 | Michael Dippold KEY 10b5-1 | Sell S | 8.3K | $386.6K |
| Jun 4, 2026 | Eric Salzman | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Eric Salzman | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Frances F Townsend | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Frances F Townsend | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Kenneth J Krieg | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Kenneth J Krieg | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Reuben Jeffery III | Exercise M | 649 | $0 |
| Jun 4, 2026 | Reuben Jeffery III | Exercise M | 649 | $0 |
| Jun 4, 2026 | Mary E Gallagher | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Mary E Gallagher | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Mark Dorfman 10b5-1 | Sell S | 5.5K | $253.3K |
| Jun 4, 2026 | George Casey | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | George Casey | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Louis R Brothers Jr | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Louis R Brothers Jr | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Gail Baker | Exercise M | 3.6K | $0 |
| Jun 4, 2026 | Gail Baker | Exercise M | 3.6K | $0 |
| Jun 3, 2026 | Jason Rinsky 10b5-1 | Sell S | 3.9K | $181.2K |
| May 27, 2026 | Pamela Morrow | Sell S | 11.5K | $521.0K |
| May 21, 2026 | Louis R Brothers Jr | Grant A | 9.8K | $0 |
| May 19, 2026 | Reuben Jeffery III | Buy P | 25.0K | $1.1M |
| May 14, 2026 | Eric Salzman | Grant A | 3.7K | $0 |
| May 14, 2026 | Frances F Townsend | Grant A | 3.7K | $0 |
| May 14, 2026 | Kenneth J Krieg | Grant A | 3.7K | $0 |
| May 14, 2026 | Reuben Jeffery III | Grant A | 3.7K | $0 |
| May 14, 2026 | Mary E Gallagher | Grant A | 3.7K | $0 |
| May 14, 2026 | George Casey | Grant A | 3.7K | $0 |
| May 14, 2026 | Louis R Brothers Jr | Grant A | 3.7K | $0 |
| May 14, 2026 | Gail Baker | Grant A | 3.7K | $0 |
| Apr 9, 2026 | Jason Rinsky | Grant A | 5.9K | $0 |
| Apr 9, 2026 | Pamela Morrow | Grant A | 4.1K | $0 |
| Apr 9, 2026 | Sally Wallace | Grant A | 7.4K | $0 |
| Apr 9, 2026 | Mark Dorfman | Grant A | 7.4K | $0 |
| Apr 9, 2026 | Michael Dippold KEY | Grant A | 12.0K | $0 |
| Apr 9, 2026 | John Baylouny KEY | Grant A | 21.8K | $0 |
| Apr 2, 2026 | Sally Wallace 10b5-1 | Sell S | 29.0K | $1.3M |
| Apr 2, 2026 | Mark Dorfman 10b5-1 | Sell S | 4.7K | $211.4K |
| Apr 2, 2026 | Michael Dippold KEY 10b5-1 | Sell S | 7.1K | $320.9K |
| Apr 1, 2026 | Jason Rinsky | Exercise M | 2.8K | $0 |
| Apr 1, 2026 | Jason Rinsky | Exercise M | 3.8K | $0 |
| Apr 1, 2026 | Jason Rinsky | Exercise M | 5.4K | $0 |
| Apr 1, 2026 | Jason Rinsky | Other F | 1.4K | $63.0K |
| Apr 1, 2026 | Jason Rinsky | Exercise M | 2.8K | $0 |
| Apr 1, 2026 | Jason Rinsky | Other F | 1.9K | $85.8K |
| Apr 1, 2026 | Jason Rinsky | Exercise M | 3.8K | $0 |
| Apr 1, 2026 | Jason Rinsky | Other F | 2.6K | $121.4K |
| Apr 1, 2026 | Jason Rinsky | Exercise M | 5.4K | $0 |
| Apr 1, 2026 | Jason Rinsky | Other F | 5.7K | $262.2K |
| Apr 1, 2026 | Jason Rinsky | Grant A | 11.6K | $0 |
| Apr 1, 2026 | Jason Rinsky | Other F | 6.4K | $294.1K |
| Apr 1, 2026 | Jason Rinsky | Grant A | 17.3K | $0 |
| Apr 1, 2026 | Pamela Morrow | Exercise M | 1.9K | $0 |
| Apr 1, 2026 | Pamela Morrow | Exercise M | 2.5K | $0 |
| Apr 1, 2026 | Pamela Morrow | Exercise M | 3.2K | $0 |
| Apr 1, 2026 | Pamela Morrow | Other F | 894 | $41.0K |
| Apr 1, 2026 | Pamela Morrow | Exercise M | 1.9K | $0 |
| Apr 1, 2026 | Pamela Morrow | Other F | 1.2K | $54.3K |
| Apr 1, 2026 | Pamela Morrow | Exercise M | 2.5K | $0 |
| Apr 1, 2026 | Pamela Morrow | Other F | 1.5K | $69.8K |
| Apr 1, 2026 | Pamela Morrow | Exercise M | 3.2K | $0 |
| Apr 1, 2026 | Pamela Morrow | Other F | 2.5K | $116.5K |
| Apr 1, 2026 | Pamela Morrow | Grant A | 7.0K | $0 |
| Apr 1, 2026 | Pamela Morrow | Other F | 3.3K | $153.1K |
| Apr 1, 2026 | Pamela Morrow | Grant A | 10.4K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Exercise M | 3.0K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Exercise M | 4.3K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Exercise M | 7.3K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Other F | 1.5K | $68.5K |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Exercise M | 3.0K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Other F | 2.1K | $97.6K |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Exercise M | 4.3K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Other F | 3.6K | $163.2K |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Exercise M | 7.3K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Other F | 7.7K | $352.4K |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Grant A | 15.7K | $0 |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Other F | 9.8K | $451.2K |
| Apr 1, 2026 | Sally Wallace 10b5-1 | Grant A | 23.4K | $0 |
| Apr 1, 2026 | Frances F Townsend | Exercise M | 1.0K | $0 |
| Apr 1, 2026 | Frances F Townsend | Exercise M | 1.0K | $0 |
| Apr 1, 2026 | Reuben Jeffery III | Grant A | 649 | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Exercise M | 3.4K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Exercise M | 4.8K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Exercise M | 7.3K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Other F | 1.7K | $77.6K |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Exercise M | 3.4K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Other F | 2.3K | $107.3K |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Exercise M | 4.8K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Other F | 3.6K | $163.2K |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Exercise M | 7.3K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Other F | 7.7K | $352.4K |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Grant A | 15.7K | $0 |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Other F | 10.0K | $456.6K |
| Apr 1, 2026 | Mark Dorfman 10b5-1 | Grant A | 23.4K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Exercise M | 5.5K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Exercise M | 6.8K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Exercise M | 10.4K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Other F | 2.5K | $112.8K |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Exercise M | 5.5K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Other F | 3.1K | $141.0K |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Exercise M | 6.8K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Other F | 4.7K | $214.3K |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Exercise M | 10.4K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Other F | 10.1K | $462.9K |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Grant A | 22.4K | $0 |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Other F | 13.9K | $635.5K |
| Apr 1, 2026 | Michael Dippold KEY 10b5-1 | Grant A | 33.4K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Exercise M | 6.0K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Exercise M | 8.3K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Exercise M | 12.6K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Other F | 2.7K | $124.3K |
| Apr 1, 2026 | John Baylouny KEY | Exercise M | 6.0K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Other F | 3.8K | $172.2K |
| Apr 1, 2026 | John Baylouny KEY | Exercise M | 8.3K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Other F | 5.7K | $261.2K |
| Apr 1, 2026 | John Baylouny KEY | Exercise M | 12.6K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Other F | 12.3K | $564.0K |
| Apr 1, 2026 | John Baylouny KEY | Grant A | 27.3K | $0 |
| Apr 1, 2026 | John Baylouny KEY | Other F | 17.6K | $805.1K |
| Apr 1, 2026 | John Baylouny KEY | Grant A | 40.7K | $0 |
About DRS insider trading
This page tracks insider transactions for Leonardo DRS, Inc. (DRS) reported to the U.S. Securities and Exchange Commission on Form 4. Corporate insiders — directors, executive officers and beneficial owners of more than 10% of the stock — must disclose their trades within two business days. Open-market purchases (code P) and sales (code S) made at the insider's discretion are the most-watched opportunistic signals, while awards (A), option exercises (M) and tax-withholding (F) reflect compensation rather than conviction. Trades marked 10b5-1 were made under a pre-arranged plan and are considered routine. A cluster buy — several insiders buying within a short window — is historically a stronger bullish indicator than any single trade.