# Insider Filings

*Regulation & Compliance — Finicade finance glossary*

Insider filings report purchases and sales by a company's officers, directors and large shareholders, due within two business days on Form 4. They're closely watched because insider buying has modest predictive value while insider selling has almost none — executives sell for diversification, tax and lifestyle reasons. Pre-arranged 10b5-1 plans distinguish scheduled sales from discretionary ones.

**Also known as:** Form 4, Form 3, insider transactions

**Related terms:** [Insider Trading](https://finicade.com/glossary/insider-trading), [Material Nonpublic Information](https://finicade.com/glossary/material-nonpublic-information), [SEC](https://finicade.com/glossary/sec), [13F Filing](https://finicade.com/glossary/13f-filing), [Disclosure](https://finicade.com/glossary/disclosure)

Source: https://finicade.com/glossary/insider-filings