Salient Midstream & MLP Fund

Salient Midstream & MLP Fund insiders are currently net buyers of SMM stock, showing bullish sentiment over the past 90 days. Executives have purchased $18.8M while selling $739.0K, resulting in a positive net flow of $18.0M. This buying activity represents 96% of total transaction volume.

Salient Midstream & MLP Fund has 5 active insiders who have filed SEC Form 4 transactions in the past 90 days. Capital Management, L.p. Saba (Executive) leads with 41 transactions totaling $9.6M. Boaz Weinstein (Executive) follows with 41 transactions worth $8.3M. 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. Salient Midstream & MLP Fund's current score of 96/100 indicates bullish insider sentiment. Scores above 60 suggest insiders are accumulating shares faster than selling, reflecting $18.8M in purchases versus $739.0K in sales.

The most recent insider transaction occurred on Aug 12, 2022, when Weinstein Boaz (Executive) acquired 15,687 shares at $8.85 per share for $138.8K. This appears to be a discretionary trade.

Based on SEC Form 4 filings from the past 90 days, SMM insider trading sentiment is currently bullish with an Alignment Score of 96/100. The net insider flow of $18.0M reflects accumulation, with 96% of volume being purchases.

SEC Form 4 is the primary disclosure mechanism for insider trading at publicly traded companies like Salient Midstream & MLP Fund. Corporate insiders must file within two business days of any transaction, making it one of the most timely sources of executive sentiment. At SMM, we track all Form 4 filings—currently showing 97 transactions from 5 insiders over 90 days.

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

You can monitor Salient Midstream & MLP Fund (SMM) insider trading activity on this page, which updates within hours of new SEC Form 4 filings. We track all 5 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. Salient Midstream & MLP Fund's current score of 96/100 indicates strong bullish sentiment with executives accumulating shares. This is calculated from $18.8M in purchases versus $739.0K in sales over 90 days, resulting in a net flow of $18.0M.

SEC Form 4 filings are mandatory reports that Salient Midstream & MLP Fund 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 SMM, the most common type is "P" with 49 occurrences. The most recent Form 4 was filed on Aug 12, 2022 by Weinstein Boaz.

Rule 10b5-1 allows corporate insiders to establish pre-scheduled trading plans when they don't possess material non-public information. At Salient Midstream & MLP Fund, 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 SMM represents discretionary decisions with more informational value.