Share of Form 4 lines booked as indirect ownership, by transaction code
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-08, from How to Read a Form 4 Insider Trading Filing.
| code | line_count | indirect_pct |
|---|---|---|
| P: purchase | 82658 | 50.4 |
| S: sale | 361035 | 44.7 |
| A: grant | 307972 | 4.7 |
| M: exercise | 263095 | 5.9 |
| F: tax withholding | 148738 | 1.2 |
| G: gift | 21078 | 45.5 |
- Rows × columns
- 6 × 3
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
code |
text | 6 distinct values (A: grant, F: tax withholding, G: gift…) | |
line_count |
number | 21,078 to 361,035 | count |
indirect_pct |
number | 1.2 to 50.4 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
SELECT
multiIf(
transaction_code = 'P', 'P: purchase',
transaction_code = 'S', 'S: sale',
transaction_code = 'A', 'A: grant',
transaction_code = 'M', 'M: exercise',
transaction_code = 'F', 'F: tax withholding',
'G: gift') AS code,
count() AS line_count,
round(100 * countIf(upper(direct_or_indirect) LIKE 'I%') / count(), 1) AS indirect_pct
FROM global_markets.stocks_form4
WHERE filing_date >= toDate('2025-08-01')
AND filing_date < toDate('2026-08-01')
AND form_type = '4'
AND transaction_code IN ('P', 'S', 'A', 'M', 'F', 'G')
AND (upper(direct_or_indirect) LIKE 'D%' OR upper(direct_or_indirect) LIKE 'I%')
GROUP BY code
ORDER BY multiIf(
code LIKE 'P%', 1,
code LIKE 'S%', 2,
code LIKE 'A%', 3,
code LIKE 'M%', 4,
code LIKE 'F%', 5,
6)
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