David Spector's Insider Trades & SAST Disclosures

David Spector's most recent trade in Pennymac Mortgage Investment Trust was a trade of 7,487 Common Shares of Beneficial Interest done at an average price of $12.1 . Disclosure was reported to the exchange on Feb. 24, 2026.

Stock Client Name Client Category Action Reported to Exchange Quantity Post Transaction Holding Traded % Avg. Price Value Security Type
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 12.15 per share. 24 Feb 2026 7,487 431,533 (0%) 0% 12.1 90,967 Common Shares of Beneficial Interest
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 90.33 per share. 24 Feb 2026 3,106 544,934 (0%) 0% 90.3 280,565 Common Stock
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 23 Feb 2026 64,814 439,020 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Feb 2026 14,399 393,437 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 23 Feb 2026 14,399 14,399 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Feb 2026 14,399 0 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Feb 2026 11,138 0 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Feb 2026 11,138 368,932 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 23 Feb 2026 11,138 11,138 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 23 Feb 2026 10,106 10,106 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Feb 2026 10,106 0 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Feb 2026 10,106 379,038 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 12.29 per share. 23 Feb 2026 7,769 374,206 (0%) 0% 12.3 95,481 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 12.29 per share. 23 Feb 2026 6,009 387,428 (0%) 0% 12.3 73,851 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 12.29 per share. 23 Feb 2026 5,453 381,975 (0%) 0% 12.3 67,017 Common Shares of Beneficial Interest
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 20 Feb 2026 13,699 555,431 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 20 Feb 2026 13,699 0 - - Performance-Based Restricted Stock Units
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 20 Feb 2026 13,699 13,699 - - Performance-Based Restricted Stock Units
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 94.33 per share. 20 Feb 2026 7,391 548,040 (0%) 0% 94.3 697,193 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 93.97 per share. 19 Feb 2026 5,826 94,778 (0%) 0% 94.0 547,469 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 94.85 per share. 19 Feb 2026 2,451 92,327 (0%) 0% 94.8 232,477 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 95.81 per share. 19 Feb 2026 1,723 90,604 (0%) 0% 95.8 165,081 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 93.97 per share. 19 Feb 2026 1,689 542,993 (0%) 0% 94.0 158,715 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 94.85 per share. 19 Feb 2026 733 542,260 (0%) 0% 94.8 69,525 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 95.81 per share. 19 Feb 2026 528 541,732 (0%) 0% 95.8 50,588 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 92.01 per share. 14 Feb 2026 2,987 544,682 (0%) 0% 92.0 274,834 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 12 Feb 2026 50,319 50,319 - - Nonstatutory Stock Option (Right to Buy)
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Other type of transaction at price $ 0.00 per share. 12 Feb 2026 25,000 547,669 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 12 Feb 2026 19,810 572,669 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 145.54 per share. 13 Jan 2026 5,080 100,652 (0%) 0% 145.5 739,343 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 144.81 per share. 13 Jan 2026 4,872 105,732 (0%) 0% 144.8 705,514 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 146.29 per share. 13 Jan 2026 48 100,604 (0%) 0% 146.3 7,022 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 130.07 per share. 16 Dec 2025 2,763 111,142 (0%) 0% 130.1 359,383 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 129.10 per share. 16 Dec 2025 1,699 113,905 (0%) 0% 129.1 219,341 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 130.68 per share. 16 Dec 2025 538 110,604 (0%) 0% 130.7 70,306 Common Stock
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Purchase of securities on an exchange or from another person at price $ 12.40 per share. 17 Nov 2025 10,000 357,794 (0%) 0% 12.4 124,000 Common Shares of Beneficial Interest
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 129.24 per share. 12 Nov 2025 4,804 115,800 (0%) 0% 129.2 620,869 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 129.86 per share. 12 Nov 2025 196 115,604 (0%) 0% 129.9 25,453 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Other type of transaction at price $ 0.00 per share. 29 Oct 2025 25,000 552,859 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 128.05 per share. 23 Oct 2025 71,161 649,020 (0%) 0% 128.0 9,111,995 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 23 Oct 2025 71,161 0 - - Nonstatutory Stock Option (Right to Buy)
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 128.66 per share. 23 Oct 2025 30,504 577,859 (0%) 0% 128.7 3,924,645 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 127.92 per share. 23 Oct 2025 26,503 608,363 (0%) 0% 127.9 3,390,264 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 127.07 per share. 23 Oct 2025 14,154 634,866 (0%) 0% 127.1 1,798,549 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 118.19 per share. 06 Oct 2025 1,811 122,438 (0%) 0% 118.2 214,042 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 116.89 per share. 06 Oct 2025 1,355 124,249 (0%) 0% 116.9 158,386 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 119.98 per share. 06 Oct 2025 862 120,865 (0%) 0% 120.0 103,423 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 119.13 per share. 06 Oct 2025 711 121,727 (0%) 0% 119.1 84,701 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 120.89 per share. 06 Oct 2025 261 120,604 (0%) 0% 120.9 31,552 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 123.16 per share. 23 Sep 2025 3,128 125,818 (0%) 0% 123.2 385,244 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 122.46 per share. 23 Sep 2025 1,658 128,946 (0%) 0% 122.5 203,039 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 124.03 per share. 23 Sep 2025 214 125,604 (0%) 0% 124.0 26,542 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 105.61 per share. 18 Aug 2025 4,304 131,300 (0%) 0% 105.6 454,545 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 106.44 per share. 18 Aug 2025 696 130,604 (0%) 0% 106.4 74,082 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Other type of transaction at price $ 0.00 per share. 25 Jul 2025 25,000 577,859 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 100.48 per share. 07 Jul 2025 3,571 137,033 (0%) 0% 100.5 358,814 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 101.51 per share. 07 Jul 2025 1,224 135,809 (0%) 0% 101.5 124,248 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 102.37 per share. 07 Jul 2025 205 135,604 (0%) 0% 102.4 20,986 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 97.79 per share. 11 Jun 2025 2,717 142,887 (0%) 0% 97.8 265,695 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 98.83 per share. 11 Jun 2025 2,100 140,787 (0%) 0% 98.8 207,543 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 99.40 per share. 11 Jun 2025 183 140,604 (0%) 0% 99.4 18,190 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 99.15 per share. 14 May 2025 5,000 145,604 (0%) 0% 99.2 495,750 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Other type of transaction at price $ 0.00 per share. 02 May 2025 25,000 602,859 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 103.36 per share. 02 Apr 2025 4,417 151,187 (0%) 0% 103.4 456,541 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 104.04 per share. 02 Apr 2025 583 150,604 (0%) 0% 104.0 60,655 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Other type of transaction at price $ 0.00 per share. 17 Mar 2025 1,530 627,859 (0%) 0% 0 Common Stock
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 14.33 per share. 12 Mar 2025 5,254 347,794 (0%) 0% 14.3 75,290 Common Shares of Beneficial Interest
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 101.18 per share. 06 Mar 2025 4,464 156,140 (0%) 0% 101.2 451,668 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 102.11 per share. 06 Mar 2025 536 155,604 (0%) 0% 102.1 54,731 Common Stock
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 14.39 per share. 28 Feb 2025 5,791 353,048 (0%) 0% 14.4 83,332 Common Shares of Beneficial Interest
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 102.09 per share. 28 Feb 2025 3,097 629,389 (0%) 0% 102.1 316,173 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 101.93 per share. 27 Feb 2025 4,525 637,868 (0%) 0% 101.9 461,233 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 101.93 per share. 27 Feb 2025 3,324 162,280 (0%) 0% 101.9 338,815 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 102.95 per share. 27 Feb 2025 2,498 633,056 (0%) 0% 102.9 257,169 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 102.50 per share. 27 Feb 2025 2,314 635,554 (0%) 0% 102.5 237,185 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 102.50 per share. 27 Feb 2025 1,676 160,604 (0%) 0% 102.5 171,790 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 103.64 per share. 27 Feb 2025 570 632,486 (0%) 0% 103.6 59,075 Common Stock
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 24 Feb 2025 44,649 347,787 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 24 Feb 2025 12,900 12,900 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 24 Feb 2025 12,900 360,687 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 24 Feb 2025 12,900 0 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 24 Feb 2025 11,269 371,956 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 24 Feb 2025 11,269 0 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 24 Feb 2025 11,269 11,269 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 24 Feb 2025 10,224 10,224 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 24 Feb 2025 10,224 382,180 (0%) 0% 0 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 24 Feb 2025 10,224 0 - - Performance-Based Restricted Share Units
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 14.07 per share. 24 Feb 2025 6,947 375,233 (0%) 0% 14.1 97,744 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 14.07 per share. 24 Feb 2025 6,069 369,164 (0%) 0% 14.1 85,391 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 14.07 per share. 24 Feb 2025 5,506 363,658 (0%) 0% 14.1 77,469 Common Shares of Beneficial Interest
Pennymac Mortgage Investment Trust
Spector David Director, Chairman and CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 14.11 per share. 24 Feb 2025 4,819 358,839 (0%) 0% 14.1 67,996 Common Shares of Beneficial Interest
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 101.25 per share. 23 Feb 2025 6,924 645,499 (0%) 0% 101.3 701,055 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Payment of exercise price or tax liability using portion of securities received from the company at price $ 101.25 per share. 23 Feb 2025 3,106 642,393 (0%) 0% 101.3 314,483 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 14 Feb 2025 45,419 45,419 - - Nonstatutory Stock Option (Right to Buy)
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Grant, award, or other acquisition of securities at price $ 0.00 per share. 14 Feb 2025 17,811 652,423 (0%) 0% 0 Common Stock
PennyMac Fin Services Inc
David Spector Director, Chairman & CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 0.00 per share. 20 Dec 2024 61,120 0 - - Nonstatutory Stock Option (Right to Buy)
PennyMac Fin Services Inc
David Spector Director, Chairman & CEO Exercise or conversion of derivative security received from the company (such as an option) at price $ 17.52 per share. 20 Dec 2024 61,120 695,732 (0%) 0% 17.5 1,070,822 Common Stock
PennyMac Fin Services Inc
Spector David Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 101.69 per share. 20 Dec 2024 56,771 638,961 (0%) 0% 101.7 5,773,043 Common Stock
PennyMac Fin Services Inc
David Spector Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 102.10 per share. 20 Dec 2024 4,349 634,612 (0%) 0% 102.1 444,033 Common Stock
PennyMac Fin Services Inc
David Spector Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 104.53 per share. 04 Dec 2024 5,162 175,442 (0%) 0% 104.5 539,584 Common Stock
PennyMac Fin Services Inc
David Spector Director, Chairman & CEO Sale of securities on an exchange or to another person at price $ 105.39 per share. 04 Dec 2024 4,838 170,604 (0%) 0% 105.4 509,877 Common Stock
*All Values are in $ Million
Client Category: Promoter/ KMP/ Director / Immediate Relatives / Employee / etc  
Security Type: Share/ Warrants / Convertible Debentures
Data as reported to USA Exchanges
View All The Insider Trades