MILLICOM INTERNATIONAL CELLULAR SA
TIGOTicker | Value | Shares | Price | Security | Type | Insider | Title | Return | Flags | Date |
|---|---|---|---|---|---|---|---|---|---|---|
| No transactions found | ||||||||||
Insider trading at MILLICOM INTERNATIONAL CELLULAR SA (TIGO) refers to stock transactions executed by corporate insiders—officers, directors, and shareholders owning more than 10% of the company. Over the past 90 days, 4 insiders have filed 8 transactions totaling $84.0K in trading activity. The most active insider is Maria Teresa Arnal (Executive), contributing $21.0K across 2 transactions.
MILLICOM INTERNATIONAL CELLULAR SA insiders are currently net sellers of TIGO stock, showing bearish sentiment over the past 90 days. Total sales of $84.0K outpace purchases of $0, creating a net outflow of $84.0K.
MILLICOM INTERNATIONAL CELLULAR SA has 4 active insiders who have filed SEC Form 4 transactions in the past 90 days. Maria Teresa Arnal (Executive) leads with 2 transactions totaling $21.0K. Bruce Churchill (Executive) follows with 2 transactions worth $21.0K. 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. MILLICOM INTERNATIONAL CELLULAR SA's current score of 0/100 indicates bearish insider sentiment. Scores below 40 indicate selling pressure exceeds buying. Insider selling often reflects diversification needs, tax optimization, or estate planning.
The most recent insider transaction occurred on May 20, 2026, when Teresa Arnal Maria (Executive) disposed of 284 shares at $73.92 per share for $21.0K. This appears to be a discretionary trade.
Based on SEC Form 4 filings from the past 90 days, TIGO insider trading sentiment is currently bearish with an Alignment Score of 0/100. The negative net flow of $84.0K shows more selling than buying. However, 0% of recent transactions are 10b5-1 scheduled trades.
SEC Form 4 is the primary disclosure mechanism for insider trading at publicly traded companies like MILLICOM INTERNATIONAL CELLULAR SA. Corporate insiders must file within two business days of any transaction, making it one of the most timely sources of executive sentiment. At TIGO, we track all Form 4 filings—currently showing 8 transactions from 4 insiders over 90 days.
A 10b5-1 plan allows MILLICOM INTERNATIONAL CELLULAR SA executives to pre-schedule stock sales when they don't possess material non-public information. At TIGO, approximately 0% of recent transactions are 10b5-1 trades. Most trading activity at TIGO appears discretionary, making insider signals more meaningful.
You can monitor MILLICOM INTERNATIONAL CELLULAR SA (TIGO) insider trading activity on this page, which updates within hours of new SEC Form 4 filings. We track all 4 active insiders and provide real-time transaction feeds, the Alignment Score, 10b5-1 vs. discretionary breakdowns, and direct links to SEC EDGAR filings.
Insider trading at MILLICOM INTERNATIONAL CELLULAR SA (TIGO) refers to stock transactions made by corporate insiders—executives, directors, and beneficial owners holding more than 10% of shares. These individuals must report trades to the SEC within two business days. Currently, 4 insiders are actively trading TIGO stock, having executed 8 transactions in the past 90 days. The most active insider is Maria Teresa Arnal (Executive), with 2 transactions totaling $21.0K.
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. MILLICOM INTERNATIONAL CELLULAR SA's current score of 0/100 indicates bearish sentiment with significant insider selling pressure. This is calculated from $0 in purchases versus $84.0K in sales over 90 days, resulting in a net flow of -$84.0K.
SEC Form 4 filings are mandatory reports that MILLICOM INTERNATIONAL CELLULAR SA 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 TIGO, the most common type is "S" with 4 occurrences. The most recent Form 4 was filed on May 20, 2026 by Teresa Arnal Maria.
Rule 10b5-1 allows corporate insiders to establish pre-scheduled trading plans when they don't possess material non-public information. At MILLICOM INTERNATIONAL CELLULAR SA, 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 TIGO represents discretionary decisions with more informational value.
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