ELEPHANT TALK COMMUNICATIONS INC

ELEPHANT TALK COMMUNICATIONS INC insiders are currently net sellers of ETAK stock, showing neutral sentiment over the past 90 days. Total sales of $7.0M outpace purchases of $5.8M, creating a net outflow of $1.1M.

ELEPHANT TALK COMMUNICATIONS INC has 22 active insiders who have filed SEC Form 4 transactions in the past 90 days. Johan Leon Willy Gaston Dejager (Executive) leads with 14 transactions totaling $15.2M. Der Velden Steven Paul Karel Marie Van (Executive) follows with 60 transactions worth $8.6M. Open-market purchases require insiders to invest their own capital, demonstrating genuine conviction.

The Insider Alignment Score measures the ratio of buying to selling activity on a 0-100 scale. ELEPHANT TALK COMMUNICATIONS INC's current score of 46/100 indicates neutral insider sentiment. Scores between 40-60 represent neutral or mixed activity. With $5.8M in purchases and $7.0M in sales, no strong directional conviction is evident.

The most recent insider transaction occurred on Sep 22, 2016, when M. Carroll Patrick (Executive) acquired 1,000,000 shares at $0.00 per share for $0. This appears to be a discretionary trade.

Based on SEC Form 4 filings from the past 90 days, ETAK insider trading sentiment is currently neutral with an Alignment Score of 46/100. The balanced activity—$5.8M bought vs $7.0M sold—suggests no strong consensus among insiders.

SEC Form 4 is the primary disclosure mechanism for insider trading at publicly traded companies like ELEPHANT TALK COMMUNICATIONS INC. Corporate insiders must file within two business days of any transaction, making it one of the most timely sources of executive sentiment. At ETAK, we track all Form 4 filings—currently showing 304 transactions from 22 insiders over 90 days.

A 10b5-1 plan allows ELEPHANT TALK COMMUNICATIONS INC executives to pre-schedule stock sales when they don't possess material non-public information. At ETAK, approximately 0% of recent transactions are 10b5-1 trades. Most trading activity at ETAK appears discretionary, making insider signals more meaningful.

You can monitor ELEPHANT TALK COMMUNICATIONS INC (ETAK) insider trading activity on this page, which updates within hours of new SEC Form 4 filings. We track all 22 active insiders and provide real-time transaction feeds, the Alignment Score, 10b5-1 vs. discretionary breakdowns, and direct links to SEC EDGAR filings.

Our Alignment Score measures the ratio of insider buying to selling on a scale of 0-100. A score above 70 indicates strong bullish sentiment, while below 30 suggests bearish activity. ELEPHANT TALK COMMUNICATIONS INC's current score of 46/100 indicates neutral sentiment with balanced buying and selling activity. This is calculated from $5.8M in purchases versus $7.0M in sales over 90 days, resulting in a net flow of -$1.1M.

SEC Form 4 filings are mandatory reports that ELEPHANT TALK COMMUNICATIONS INC insiders must submit within 2 business days. Each filing includes the insider's name, relationship, transaction type, shares, and price. Transaction codes: P (purchase), S (sale), A (award), M (option exercise), G (gift). At ETAK, the most common type is "A" with 41 occurrences. The most recent Form 4 was filed on Sep 22, 2016 by M. Carroll Patrick.

Rule 10b5-1 allows corporate insiders to establish pre-scheduled trading plans when they don't possess material non-public information. At ELEPHANT TALK COMMUNICATIONS INC, approximately 0% of recent transactions are executed under 10b5-1 plans, while 100% appear to be discretionary trades. The low percentage means most insider activity at ETAK represents discretionary decisions with more informational value.