BW
B. Riley Financial, Inc., BW's 10% owner, spent $286.6K of their own money on 50,000 shares at $6, growing their stake 11%.
+$286.6K
50,000 sh @ $6
Forman Alan N
EVP, General Counsel, Sec, Director, Chairman and Co-CEO, 10% Owner, SVP, Chief Accounting Officer, Co-CEO, Executive VP and CFO, CFO & Chief Operating Officer, CEO B. Riley Securities, Inc. · SEC CIK 1464790Advertisement
Buy track record
How this insider's open-market purchases have performed62%
of buys now in profit
18 up · 11 down
Avg return since buy+137.1%
Median return+207.0%
Best trade+1,209.9%
Worst trade−70.2%
Buys scored29 (+2 n/a)
Average return by holding period — separates good entry timing from riding one long winner
After 1 month
+8.9%
86% won · 29 trades
After 3 months
+3.2%
41% won · 29 trades
After 6 months
−53.8%
0% won · 29 trades
After 12 months
−73.5%
3% won · 29 trades
| Date | Company | 90d trend | Buy price | Value | ΔOwn | 1M | 3M | 6M | 12M | To date |
|---|---|---|---|---|---|---|---|---|---|---|
| Nov 14, 2023 | BW | $1 | $182.9K | +2.1% | +39.7% | +0.0% | −13.0% | +40.5% | +1,209.9% | |
| Jun 27, 2023 | BW | $6 | $286.6K | +11% | −9.0% | −27.5% | −74.5% | −73.9% | +191.3% | |
| Jun 26, 2023 | BW | $6 | $291.5K | +12% | −5.2% | −27.1% | −73.9% | −72.9% | +196.4% | |
| Jun 23, 2023 | AREN | $4 | $372.7K | +8.1% | +5.7% | +14.8% | −30.3% | −79.5% | −69.7% | |
| Jun 23, 2023 | AREN | $4 | $364.4K | +6.7% | +5.7% | +14.8% | −30.3% | −79.5% | −69.7% | |
| Jun 22, 2023 | AREN | $4 | $103.6K | +2.4% | +10.3% | +24.5% | −38.2% | −78.6% | −68.4% | |
| Jun 21, 2023 | AREN | $4 | $47K | +1.1% | +16.9% | +24.0% | −38.0% | −74.9% | −68.3% | |
| Jun 20, 2023 | AREN | $4 | $13.9K | +0.3% | +16.9% | +23.4% | −42.9% | −75.7% | −68.3% | |
| Jun 16, 2023 | AREN | $4 | $65.5K | +1.6% | +16.4% | +17.4% | −39.4% | −75.9% | −70.2% | |
| Jun 15, 2023 | AREN | $4 | $3.6K | +0.1% | +23.3% | +34.4% | −33.0% | −74.4% | −68.5% | |
| Jun 6, 2023 | BW | $6 | $101.6K | +4.6% | +4.5% | −5.5% | −71.4% | −78.0% | +207.0% | |
| Jun 6, 2023 | BW | $6 | $28.1K | +13% | +4.5% | −5.5% | −71.4% | −78.0% | +207.0% | |
| Jun 6, 2023 | BW | $6 | $31K | +15% | +4.5% | −5.5% | −71.4% | −78.0% | +207.0% | |
| Jun 6, 2023 | BW | $6 | $31K | +15% | +4.5% | −5.5% | −71.4% | −78.0% | +207.0% | |
| Jun 6, 2023 | BW | $6 | $28.9K | +14% | +4.5% | −5.5% | −71.4% | −78.0% | +207.0% | |
| Jun 2, 2023 | BW | $5 | $37.7K | +1.9% | +6.3% | −2.7% | −68.9% | −77.7% | +208.1% | |
| Jun 2, 2023 | BW | $5 | $12K | +6.6% | +6.3% | −2.7% | −68.9% | −77.7% | +208.1% | |
| Jun 2, 2023 | BW | $5 | $12K | +6.6% | +6.3% | −2.7% | −68.9% | −77.7% | +208.1% | |
| Jun 2, 2023 | BW | $5 | $12K | +7.0% | +6.3% | −2.7% | −68.9% | −77.7% | +208.1% | |
| Jun 2, 2023 | BW | $5 | $12K | +6.6% | +6.3% | −2.7% | −68.9% | −77.7% | +208.1% | |
| May 26, 2023 | AREN | $3 | $69.7K | +1.4% | +16.4% | +17.8% | −24.6% | −76.2% | −68.6% | |
| May 22, 2023 | AREN | $3 | $8.9K | +0.2% | −5.6% | +14.2% | −26.6% | −78.5% | −70.2% | |
| May 19, 2023 | AREN | $3 | $28.4K | +0.6% | +0.0% | +17.7% | −16.3% | −77.7% | −68.3% | |
| May 16, 2023 | AREN | $4 | $178.5K | +3.6% | +6.0% | +11.4% | −16.5% | −77.6% | −68.5% | |
| May 15, 2023 | BW | $5 | $121.6K | +6.0% | +16.0% | −7.3% | −69.8% | −79.6% | +212.0% | |
| May 15, 2023 | BW | $5 | $12.8K | +6.9% | +16.0% | −7.3% | −69.8% | −79.6% | +212.0% | |
| May 15, 2023 | BW | $5 | $12K | +6.5% | +16.0% | −7.3% | −69.8% | −79.6% | +212.0% | |
| May 15, 2023 | BW | $5 | $12K | +6.5% | +16.0% | −7.3% | −69.8% | −79.6% | +212.0% | |
| May 12, 2023 | BW | $5 | $407.1K | +25% | +3.8% | +2.6% | −81.8% | −78.3% | +212.6% |
How this is calculated. We score only open-market purchases (SEC code
P) — the buys that carry real signal. Each trade's return is measured from the adjusted closing price on the purchase date to the latest close, accounting for stock splits and dividends. The 1M/3M/6M/12M columns show the same trade's return after each fixed holding period; a dash means that horizon hasn't elapsed yet or isn't priceable. Sales are excluded because insiders sell for many routine reasons. With only 29 scored trades, treat this as a small sample, not a verdict.
Advertisement
Open-market buys
$3.14M
31 trades
Open-market sells
$117.91M
34 trades
Net flow
−$114.76M
Net selling
Total filings
88
transactions shown
Full transaction history
All Form 4 activity across every company, newest firstBW
B. Riley Financial, Inc., BW's 10% owner, spent $291.5K of their own money on 50,000 shares at $6, growing their stake 12%.
+$291.5K
50,000 sh @ $6
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $372.7K of their own money on 102,197 shares at $4, growing their stake 8%.
+$372.7K
102,197 sh @ $4
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $364.4K of their own money on 100,000 shares at $4, growing their stake 7%.
+$364.4K
100,000 sh @ $4
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $103.6K of their own money on 29,598 shares at $4, growing their stake 2%.
+$103.6K
29,598 sh @ $4
Advertisement
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $47K of their own money on 13,424 shares at $4, growing their stake 1%.
+$47K
13,424 sh @ $4
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $13.9K of their own money on 3,976 shares at $4.
+$13.9K
3,976 sh @ $4
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $65.5K of their own money on 18,717 shares at $4, growing their stake 2%.
+$65.5K
18,717 sh @ $4
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $3.6K of their own money on 1,041 shares at $4.
+$3.6K
1,041 sh @ $4
BW
B. Riley Financial, Inc., BW's 10% owner, spent $101.6K of their own money on 18,417 shares at $6, growing their stake 5%.
+$101.6K
18,417 sh @ $6
BW
B. Riley Financial, Inc., BW's 10% owner, spent $28.1K of their own money on 5,100 shares at $6, growing their stake 13%.
+$28.1K
5,100 sh @ $6
BW
B. Riley Financial, Inc., BW's 10% owner, spent $31K of their own money on 5,615 shares at $6, growing their stake 15%.
+$31K
5,615 sh @ $6
BW
B. Riley Financial, Inc., BW's 10% owner, spent $31K of their own money on 5,618 shares at $6, growing their stake 15%.
+$31K
5,618 sh @ $6
BW
B. Riley Financial, Inc., BW's 10% owner, spent $28.9K of their own money on 5,250 shares at $6, growing their stake 14%.
+$28.9K
5,250 sh @ $6
BW
B. Riley Financial, Inc., BW's 10% owner, spent $37.7K of their own money on 7,464 shares at $5, growing their stake 2%.
+$37.7K
7,464 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12K of their own money on 2,386 shares at $5, growing their stake 7%.
+$12K
2,386 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12K of their own money on 2,385 shares at $5, growing their stake 7%.
+$12K
2,385 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12K of their own money on 2,382 shares at $5, growing their stake 7%.
+$12K
2,382 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12K of their own money on 2,383 shares at $5, growing their stake 7%.
+$12K
2,383 sh @ $5
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $69.7K of their own money on 20,210 shares at $3, growing their stake 1%.
+$69.7K
20,210 sh @ $3
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $8.9K of their own money on 2,574 shares at $3.
+$8.9K
2,574 sh @ $3
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $28.4K of their own money on 8,244 shares at $3, growing their stake 1%.
+$28.4K
8,244 sh @ $3
AREN
B. Riley Financial, Inc., AREN's 10% owner, spent $178.5K of their own money on 50,000 shares at $4, growing their stake 4%.
+$178.5K
50,000 sh @ $4
BW
B. Riley Financial, Inc., BW's 10% owner, spent $121.6K of their own money on 22,179 shares at $5, growing their stake 6%.
+$121.6K
22,179 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12.8K of their own money on 2,342 shares at $5, growing their stake 7%.
+$12.8K
2,342 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12K of their own money on 2,193 shares at $5, growing their stake 7%.
+$12K
2,193 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $12K of their own money on 2,188 shares at $5, growing their stake 6%.
+$12K
2,188 sh @ $5
BW
B. Riley Financial, Inc., BW's 10% owner, spent $407.1K of their own money on 75,000 shares at $5, growing their stake 25%.
+$407.1K
75,000 sh @ $5
Frequently asked questions
How is Forman Alan N's win rate calculated?
We take every open-market purchase (SEC code P) we can match to a stock price, then compare the split- and dividend-adjusted price on the purchase date to the most recent close. The win rate is the share of those buys currently trading above the purchase price. Sales and share grants are not scored.
Why are some buys not included in the score?
A purchase is excluded if we can't price it — for example if the ticker is missing from the filing, the company has been delisted, or the security isn't a common stock we can match to market data. Excluded counts are shown next to the scored total.
What do the 1M / 3M / 6M / 12M columns mean?
They show each purchase's return after a fixed holding period — one, three, six, and twelve months from the buy date — using split- and dividend-adjusted prices. This separates good entry timing from simply holding a long-running winner. A dash means that horizon hasn't elapsed yet for that trade, or the stock couldn't be priced at that date.
Does a high win rate mean I should copy this insider?
No. Past performance does not predict future results, sample sizes are often small, and an insider's edge in their own company doesn't transfer to yours. This is context, not a recommendation. InsiderSource is not investment advice.
Where does this data come from?
Trades come from Forman Alan N's SEC Form 4 filings on EDGAR. Prices come from public market data and are split/dividend-adjusted. Always verify against the original filings before acting.