Turning Point Brands, Inc. (TPB) · Insider trading
What Turning Point Brands's directors, officers and largest holders bought and sold themselves, from the Form 4 each of them files with the SEC within two business days of a trade. Open-market purchases and sales first: those are the trades somebody chose to make at the market price.
Bought, 12 months
$0
0 insiders, 0 trades
Sold, 12 months
$10.62M
8 insiders, 0% under a plan
Net, 12 months
−$10.62M
bought less sold
Latest filing
2026-05-13
filings read to 2026-10-19
Who traded, two years
| Insider | Bought | Sold | Trades | Last trade | Holds after |
|---|---|---|---|---|---|
| Wexler LawrenceDirector | – | $8.42M | 6 | 2025-11-13 | 280,368 |
| Purdy GrahamDirector, President and CEO | – | $3.85M | 2 | 2025-06-12 | 227,466 |
| Glazek David EdwardDirector, Executive Chairman | – | $3.31M | 1 | 2025-12-19 | 127,083 |
| Cushman BrittaniSr VP, General Counsel | – | $2.68M | 7 | 2025-11-19 | 34,687 |
| Wigginton BrianSr VP Finance & CAO | – | $1.45M | 3 | 2026-05-12 | 9,230 |
| Baxter Gregory H.a.Director | – | $257,805 | 2 | 2025-11-21 | 38,919 |
| Usher StephenDirector | – | $248,690 | 3 | 2025-11-20 | 4,175 |
| Diao H.c. CharlesDirector | – | $216,400 | 1 | 2025-12-15 | 9,804 |
| Flynn AndrewChief Financial Officer | – | $195,140 | 1 | 2026-03-04 | 9,443 |
Open-market purchases and sales
Newest first. “Plan” marks a trade made under a 10b5-1 plan set up in advance.
| Date | Insider | Trade | Shares | Price | Value | Holds after | Filing |
|---|---|---|---|---|---|---|---|
| 2026-05-12 | Wigginton BrianSr VP Finance & CAO | Sale | 4,000 | 91.67 | $366,680 | 9,230 | Form 4 |
| 2026-03-04 | Flynn AndrewChief Financial Officer | Sale | 2,000 | 97.57 | $195,140 | 9,443 | Form 4 |
| 2025-12-19 | Glazek David EdwardDirector, Executive Chairman | Sale | 30,000 | 110.26 | $3.31M | 127,083 | Form 4 |
| 2025-12-15 | Diao H.c. CharlesDirector | Sale | 2,000 | 108.20 | $216,400 | 9,804 | Form 4 |
| 2025-11-21 | Baxter Gregory H.a.Director | Sale | 1,500 | 98.23 | $147,345 | 38,919 | Form 4 |
| 2025-11-20 | Usher StephenDirector | Sale | 1,000 | 102.54 | $102,540 | 4,175 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Sale | 3,000 | 101.66 | $304,980 | 34,687 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Sale | 4,000 | 101.66 | $406,640 | 34,687 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Sale | 3,250 | 101.66 | $330,395 | 34,687 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Sale | 2,500 | 101.66 | $254,150 | 34,687 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Sale | 2,500 | 101.66 | $254,150 | 34,687 | Form 4 |
| 2025-11-19 | Usher StephenDirector | Sale | 1,000 | 101.00 | $101,000 | 5,175 | Form 4 |
| 2025-11-13 | Wexler LawrenceDirector | Sale | 10,401 | 99.03 | $1.03M | 280,368 | Form 4 |
| 2025-11-12 | Wexler LawrenceDirector | Sale | 21,069 | 100.02 | $2.11M | 290,765 | Form 4 |
| 2025-11-11 | Wexler LawrenceDirector | Sale | 15,000 | 99.89 | $1.50M | 315,186 | Form 4 |
| 2025-06-17 | Wexler LawrenceDirector | Sale | 25,000 | 75.94 | $1.90M | 330,186 | Form 4 |
| 2025-06-16 | Wigginton BrianSr VP Finance & CAO | Sale | 10,800 | 75.67 | $817,236 | 10,171 | Form 4 |
| 2025-06-12 | Purdy GrahamDirector, President and CEO | Sale | 21,400 | 74.89 | $1.60M | 227,466 | Form 4 |
| 2025-06-11 | Purdy GrahamDirector, President and CEO | Sale | 30,000 | 75.03 | $2.25M | 227,466 | Form 4 |
| 2025-06-10 | Cushman BrittaniSr VP, General Counsel | Sale | 7,500 | 74.36 | $557,700 | 34,687 | Form 4/A |
| 2025-06-09 | Cushman BrittaniSr VP, General Counsel | Sale | 7,500 | 75.89 | $569,175 | 34,687 | Form 4/A |
| 2025-06-05 | Usher StephenDirector | Sale | 600 | 75.25 | $45,150 | 6,175 | Form 4 |
| 2025-06-04 | Wexler LawrenceDirector | Sale | 15,000 | 74.61 | $1.12M | 355,186 | Form 4 |
| 2025-05-09 | Baxter Gregory H.a.Director | Sale | 1,500 | 73.64 | $110,460 | 40,419 | Form 4 |
| 2025-05-08 | Wexler LawrenceDirector | Sale | 10,000 | 76.56 | $765,600 | 370,247 | Form 4 |
| 2025-05-08 | Wigginton BrianSr VP Finance & CAO | Sale | 3,500 | 75.75 | $265,125 | 10,171 | Form 4 |
Grants, exercises and other transactions
Pay, tax and paperwork rather than a choice to trade at the market price. Two years.
75 × grant or award36 × shares withheld for tax11 × option exercise1 × gift
Show them
| Date | Insider | What | Shares | Price | Holds after | Filing |
|---|---|---|---|---|---|---|
| 2026-05-11 | Baxter Gregory H.a.Director | Grant or award A | +1,295 | 92.71 | 40,214 | Form 4 |
| 2026-05-11 | Catsimatidis John A. JrDirector | Grant or award A | +1,295 | 92.71 | 14,768 | Form 4 |
| 2026-05-11 | Frushone Ashley DavisDirector | Grant or award A | +1,295 | 92.71 | 8,794 | Form 4 |
| 2026-05-11 | Diao H.c. CharlesDirector | Grant or award A | +1,295 | 92.71 | 11,099 | Form 4 |
| 2026-05-11 | Usher StephenDirector | Grant or award A | +1,295 | 92.71 | 5,470 | Form 4 |
| 2026-05-11 | Shanahan Kathleen MDirector | Grant or award A | +1,295 | 92.71 | 2,353 | Form 4 |
| 2026-05-11 | Wexler LawrenceDirector | Grant or award A | +1,295 | 92.71 | 287,689 | Form 4 |
| 2026-05-11 | Reddy RohithDirector | Grant or award A | +1,295 | 92.71 | 6,795 | Form 4 |
| 2026-03-24 | Purdy GrahamDirector, President and CEO | Grant or award A | +8,638 | 86.83 | 265,983 | Form 4 |
| 2026-03-03 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +2,181 | 107.57 | 47,410 | Form 4 |
| 2026-03-03 | Purdy GrahamDirector, President and CEO | Grant or award A | +4,535 | 107.57 | 257,345 | Form 4 |
| 2026-03-03 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +2,041 | 107.57 | 13,230 | Form 4 |
| 2026-03-03 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +4,535 | 107.57 | 164,539 | Form 4 |
| 2026-03-03 | Flynn AndrewChief Financial Officer | Grant or award A | +2,721 | 107.57 | 11,443 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +4,782 | 108.51 | 38,863 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +668 | 108.51 | 39,531 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +10,700 | 108.51 | 50,231 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +1,632 | 108.51 | 51,863 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +615 | 108.51 | 52,478 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Shares withheld for tax F | −6,057 | 108.51 | 46,421 | Form 4 |
| 2026-03-02 | Cushman BrittaniSr VP, General Counsel | Shares withheld for tax F | −1,192 | 108.51 | 45,229 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Grant or award A | +5,181 | 108.51 | 232,279 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Grant or award A | +667 | 108.51 | 232,946 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Grant or award A | +44,494 | 108.51 | 277,440 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Grant or award A | +6,787 | 108.51 | 284,227 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Grant or award A | +2,559 | 108.51 | 286,786 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Shares withheld for tax F | −25,686 | 99.28 | 261,100 | Form 4 |
| 2026-03-02 | Purdy GrahamDirector, President and CEO | Shares withheld for tax F | −8,290 | 99.28 | 252,810 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +2,391 | 108.51 | 12,363 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +333 | 108.51 | 12,696 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +1,757 | 108.51 | 14,453 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +322 | 108.51 | 14,775 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +121 | 108.51 | 14,896 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Shares withheld for tax F | −2,309 | 100.65 | 12,587 | Form 4 |
| 2026-03-02 | Wigginton BrianSr VP Finance & CAO | Shares withheld for tax F | −1,398 | 100.65 | 11,189 | Form 4 |
| 2026-03-02 | Wexler LawrenceDirector | Grant or award A | +8,369 | 108.51 | 288,860 | Form 4 |
| 2026-03-02 | Wexler LawrenceDirector | Grant or award A | +927 | 108.51 | 289,787 | Form 4 |
| 2026-03-02 | Wexler LawrenceDirector | Shares withheld for tax F | −3,393 | 100.14 | 286,394 | Form 4 |
| 2026-03-02 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +28,921 | 108.51 | 156,004 | Form 4 |
| 2026-03-02 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +4,412 | 108.51 | 160,416 | Form 4 |
| 2026-03-02 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +1,663 | 108.51 | 162,079 | Form 4 |
| 2026-03-02 | Glazek David EdwardDirector, Executive Chairman | Shares withheld for tax F | −2,075 | 108.51 | 160,004 | Form 4 |
| 2026-03-02 | Flynn AndrewChief Financial Officer | Grant or award A | +1,648 | 108.51 | 10,126 | Form 4 |
| 2026-03-02 | Flynn AndrewChief Financial Officer | Grant or award A | +682 | 108.51 | 10,808 | Form 4 |
| 2026-03-02 | Flynn AndrewChief Financial Officer | Shares withheld for tax F | −962 | 100.99 | 9,846 | Form 4 |
| 2026-03-02 | Flynn AndrewChief Financial Officer | Shares withheld for tax F | −1,124 | 100.99 | 8,722 | Form 4 |
| 2026-01-02 | Wigginton BrianSr VP Finance & CAO | Shares withheld for tax F | −199 | 110.24 | 9,972 | Form 4 |
| 2026-01-02 | Purdy GrahamDirector, President and CEO | Shares withheld for tax F | −368 | 110.24 | 227,098 | Form 4 |
| 2026-01-02 | Cushman BrittaniSr VP, General Counsel | Shares withheld for tax F | −193 | 110.24 | 34,081 | Form 4 |
| 2026-01-02 | Wexler LawrenceDirector | Shares withheld for tax F | −425 | 110.24 | 283,291 | Form 4 |
| 2025-12-26 | Wexler LawrenceDirector | Gift G | −2,800 | – | 280,491 | Form 4 |
| 2025-12-19 | Glazek David EdwardDirector, Executive Chairman | Option exercise M | +30,000 | 20.71 | 157,083 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +3,000 | 14.85 | 37,687 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +4,000 | 21.21 | 38,687 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +3,250 | 15.41 | 37,937 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +2,500 | 13.00 | 37,187 | Form 4 |
| 2025-11-19 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +2,500 | 13.00 | 37,187 | Form 4 |
| 2025-06-16 | Wigginton BrianSr VP Finance & CAO | Option exercise M | +10,800 | – | 20,971 | Form 4 |
| 2025-06-12 | Purdy GrahamDirector, President and CEO | Option exercise M | +21,400 | – | 248,866 | Form 4 |
| 2025-06-11 | Purdy GrahamDirector, President and CEO | Option exercise M | +30,000 | – | 257,466 | Form 4 |
| 2025-06-10 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +7,500 | 13.00 | 42,187 | Form 4/A |
| 2025-06-09 | Cushman BrittaniSr VP, General Counsel | Option exercise M | +7,500 | 13.00 | 42,187 | Form 4/A |
| 2025-05-08 | Shanahan Kathleen MDirector | Grant or award A | +1,058 | 75.66 | 1,058 | Form 4 |
| 2025-05-08 | Usher StephenDirector | Grant or award A | +1,058 | 75.66 | 6,775 | Form 4 |
| 2025-05-08 | Reddy RohithDirector | Grant or award A | +1,058 | 75.66 | 5,500 | Form 4 |
| 2025-05-08 | Frushone Ashley DavisDirector | Grant or award A | +1,058 | 75.66 | 7,499 | Form 4 |
| 2025-05-08 | Diao H.c. CharlesDirector | Grant or award A | +1,058 | 75.66 | 11,804 | Form 4 |
| 2025-05-08 | Wexler LawrenceDirector | Grant or award A | +1,058 | 75.66 | 371,305 | Form 4 |
| 2025-05-08 | Wexler LawrenceDirector | Shares withheld for tax F | −1,119 | 75.66 | 370,186 | Form 4 |
| 2025-05-08 | Baxter Gregory H.a.Director | Grant or award A | +1,058 | 75.66 | 41,919 | Form 4 |
| 2025-03-05 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +14,921 | 67.02 | 127,083 | Form 4/A |
| 2025-03-03 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +5,544 | 70.34 | 105,794 | Form 4/A |
| 2025-03-03 | Glazek David EdwardDirector, Executive Chairman | Shares withheld for tax F | −1,275 | 70.34 | 104,519 | Form 4/A |
| 2025-03-03 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +5,259 | 70.34 | 109,778 | Form 4/A |
| 2025-03-03 | Glazek David EdwardDirector, Executive Chairman | Grant or award A | +4,411 | 70.34 | 114,189 | Form 4/A |
| 2025-03-03 | Glazek David EdwardDirector, Executive Chairman | Shares withheld for tax F | −2,027 | 70.34 | 112,162 | Form 4/A |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +1,415 | 70.34 | 12,246 | Form 4 |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Shares withheld for tax F | −764 | 70.34 | 11,482 | Form 4 |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +2,278 | 70.34 | 13,760 | Form 4 |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +351 | 70.34 | 14,111 | Form 4 |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +320 | 70.34 | 14,431 | Form 4 |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Grant or award A | +321 | 70.34 | 14,752 | Form 4 |
| 2025-03-03 | Wigginton BrianSr VP Finance & CAO | Shares withheld for tax F | −1,081 | 70.34 | 13,671 | Form 4 |
| 2025-03-03 | Flynn AndrewChief Financial Officer | Grant or award A | +2,275 | 70.34 | 7,770 | Form 4 |
| 2025-03-03 | Flynn AndrewChief Financial Officer | Shares withheld for tax F | −540 | 70.34 | 7,230 | Form 4 |
| 2025-03-03 | Flynn AndrewChief Financial Officer | Grant or award A | +1,648 | 70.34 | 8,878 | Form 4 |
| 2025-03-03 | Flynn AndrewChief Financial Officer | Shares withheld for tax F | −400 | 70.34 | 8,478 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Grant or award A | +8,530 | 70.34 | 218,932 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Shares withheld for tax F | −6,527 | 70.34 | 212,405 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Grant or award A | +5,922 | 70.34 | 218,327 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Grant or award A | +702 | 70.34 | 219,029 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Grant or award A | +8,090 | 70.34 | 227,119 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Grant or award A | +6,787 | 70.34 | 233,906 | Form 4 |
| 2025-03-03 | Purdy GrahamDirector, President and CEO | Shares withheld for tax F | −6,440 | 70.34 | 227,466 | Form 4 |
| 2025-03-03 | Frein SummerChief Revenue Officer | Grant or award A | +2,175 | 70.34 | 19,378 | Form 4 |
| 2025-03-03 | Frein SummerChief Revenue Officer | Shares withheld for tax F | −1,512 | 70.34 | 17,866 | Form 4 |
| 2025-03-03 | Frein SummerChief Revenue Officer | Grant or award A | +650 | 70.34 | 18,516 | Form 4 |
| 2025-03-03 | Frein SummerChief Revenue Officer | Grant or award A | +2,063 | 70.34 | 20,579 | Form 4 |
| 2025-03-03 | Frein SummerChief Revenue Officer | Grant or award A | +1,730 | 70.34 | 22,309 | Form 4 |
| 2025-03-03 | Frein SummerChief Revenue Officer | Shares withheld for tax F | −1,710 | 70.34 | 20,599 | Form 4 |
| 2025-03-03 | Wexler LawrenceDirector | Grant or award A | +13,210 | 70.34 | 379,238 | Form 4 |
| 2025-03-03 | Wexler LawrenceDirector | Grant or award A | +975 | 70.34 | 380,213 | Form 4 |
| 2025-03-03 | Wexler LawrenceDirector | Shares withheld for tax F | −4,675 | 70.34 | 375,538 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Grant or award A | +1,433 | 70.34 | 36,155 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Shares withheld for tax F | −869 | 70.34 | 35,286 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Grant or award A | +3,644 | 70.34 | 38,930 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Grant or award A | +351 | 70.34 | 39,281 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Grant or award A | +1,187 | 70.34 | 40,468 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Grant or award A | +995 | 70.34 | 41,463 | Form 4 |
| 2025-03-03 | De Plano LorenzoChief Strategy Officer | Shares withheld for tax F | −2,288 | 70.34 | 39,175 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +2,051 | 70.34 | 26,628 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Shares withheld for tax F | −1,145 | 70.34 | 25,483 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +9,110 | 70.34 | 34,593 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +702 | 70.34 | 35,295 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +1,946 | 70.34 | 37,241 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Grant or award A | +1,632 | 70.34 | 38,873 | Form 4 |
| 2025-03-03 | Cushman BrittaniSr VP, General Counsel | Shares withheld for tax F | −4,186 | 70.34 | 34,687 | Form 4 |
| 2025-01-02 | Wigginton BrianSr VP Finance & CAO | Shares withheld for tax F | −152 | 60.65 | 10,831 | Form 4 |
| 2025-01-02 | Cushman BrittaniSr VP, General Counsel | Shares withheld for tax F | −262 | 60.65 | 24,577 | Form 4 |
| 2025-01-02 | De Plano LorenzoChief Strategy Officer | Shares withheld for tax F | −174 | 60.65 | 34,722 | Form 4 |
| 2025-01-02 | Wexler LawrenceDirector | Shares withheld for tax F | −439 | 60.65 | 370,737 | Form 4 |
| 2025-01-02 | Purdy GrahamDirector, President and CEO | Shares withheld for tax F | −252 | 60.65 | 210,402 | Form 4 |
| 2024-12-31 | Glazek David EdwardDirector, Executive Chairman | Shares withheld for tax F | −2,542 | 60.10 | 100,250 | Form 4 |
How to read it
- Buy, sale
- Code P and S on the form: shares bought or sold in the market, at the market price. The other codes are mostly pay (a grant, an option exercised) or tax (shares the company withheld), and say little about what the insider thinks of the price.
- Plan
- A sale or purchase under a Rule 10b5-1 plan, set up in advance and running on its own schedule. Since April 2023 the form has a box for it. Much executive selling is planned and says more about diversifying than about the company.
- Holds after
- The shares the insider still held after the trade, in the form the trade was in (directly, or indirectly through a trust or a fund).
- Value
- Shares times the price the form reports, which is often an average over several fills on the day.
Read from the SEC's own quarterly data sets of Forms 3, 4 and 5, and from each day's filings since the last one. A correcting amendment replaces the lines it restates. Every row links to its filing. None of this is advice: insiders sell for many reasons, and buy for fewer.