Insider Conviction Daily — August 28, 2026
Form 4s filed 2026-08-28. Trades executed 2026-08-26 – 2026-08-28. 394 Form 4s filed · 67 looked like open-market purchases · 4 qualifying clusters.
| # | Ticker | Company | Score | Insiders | Total bought |
|---|---|---|---|---|---|
| 1 | DKS | DICK'S SPORTING GOODS, INC. | 79 | 4 | $3,722,303 |
| 2 | BIVI | BIOVIE INC. | 64 | 4 | $49,118 |
| 3 | JUSH | Jushi Holdings Inc. | 53 | 2 | $507,000 |
| 4 | BATL | BATTALION OIL CORP | 49 | 2 | $110,032 |
DKS — DICK'S SPORTING GOODS, INC. · 79/100
Four directors bought DICK'S on the open market across 26–27 August, $3.72M between them — the largest and broadest cluster of the day. Mark Barrenechea did most of it, adding 17,000 shares at $130.72 and nearly tripling his position. Robert Eddy put $514,780 in and grew his holding by 58%. The other two added at the margins of much larger existing stakes: William Colombo already held over 175,000 shares before buying, and Sandeep Mathrani around 9,600.
What makes this the day's top score is the combination — four separate people, real money, and two of them moving their positions materially rather than topping up. It is worth noting these are all directors; no named executive officer appears in this cluster, which is why the seniority component contributes only 5 of a possible 15.
| Insider | Role | Shares | Avg price | Value | Position change |
|---|---|---|---|---|---|
| Barrenechea Mark J | Director | 17,000 | $130.72 | $2,222,240 | +189.4% |
| COLOMBO WILLIAM J | Director | 6,100 | $128.77 | $785,500 | +3.5% |
| Eddy Robert W. | Director | 4,000 | $128.69 | $514,780 | +58.1% |
| MATHRANI SANDEEP | Director | 1,550 | $128.89 | $199,783 | +16.2% |
Score: breadth 25 + size 29.2 + conviction 20 + seniority 5 − penalties 0 = 79
Filings: Barrenechea · Colombo · Eddy · Mathrani
BIVI — BIOVIE INC. · 64/100
The whole senior team bought, and that is the entire story here — the dollar amounts are small. President and CEO Cuong Do added 15,210 shares at around $2.08 for $31,637, which multiplied his position roughly eighteenfold. The Chief Medical Officer, the CFO, and a director all bought alongside him on 27–28 August; director Amy Chappell's 727 shares are her first reported position in the stock.
Ranked second on score but fifteenth of sixteen on money: $49,118 across four people. The score reflects breadth and seniority — a CEO, a CFO and a CMO all buying the same week — while the size component contributes only 3.9 of 35. Read it as a signal about who bought, not how much.
| Insider | Role | Shares | Avg price | Value | Position change |
|---|---|---|---|---|---|
| DO CUONG V | Officer — President & CEO | 15,210 | $2.08 | $31,637 | +1677.0% |
| Palumbo Joseph M | Officer — Chief Medical Officer | 4,843 | $2.16 | $10,461 | +406.0% |
| KIM JOANNE WENDY | Officer — Chief Financial Officer | 2,500 | $2.18 | $5,450 | +265.7% |
| Chappell Amy Suzon | Director | 727 | $2.16 | $1,570 | new position |
Score: breadth 25 + size 3.9 + conviction 20 + seniority 15 − penalties 0 = 64
Filings: Do · Palumbo · Kim · Chappell
JUSH — Jushi Holdings Inc. · 53/100
CEO James Cacioppo bought 994,000 shares at about $0.49 across 26–27 August — $492,000, and a 29% increase on an already large holding. President Louis Barack added $15,000 alongside him.
This is the day's second-largest dollar cluster, but it is two buyers rather than four, and Cacioppo's position was already big enough that half a million dollars moves it by less than a third. Size and seniority carry the score; breadth and position growth do not.
| Insider | Role | Shares | Avg price | Value | Position change |
|---|---|---|---|---|---|
| Cacioppo James | Officer — Chief Executive Officer | 994,000 | $0.49 | $492,000 | +29.2% |
| Barack Louis Jon | Officer — President | 30,000 | $0.50 | $15,000 | +1.0% |
Score: breadth 15 + size 17.6 + conviction 5.8 + seniority 15 − penalties 0 = 53
BATL — BATTALION OIL CORP · 49/100
Two directors bought a little over $110,000 of Battalion Oil between 26 and 27 August. The position changes are the striking part: William Rogers' 70,000 shares took his holding up thirty-sixfold, and Gregory Hinds more than doubled his.
Small money, but both buyers went from token holdings to real ones, which is what the conviction component is measuring — it scores a full 20 of 20 here.
| Insider | Role | Shares | Avg price | Value | Position change |
|---|---|---|---|---|---|
| ROGERS WILLIAM D | Director | 70,000 | $1.30 | $91,168 | +3500.0% |
| Hinds Gregory S. | Director | 14,400 | $1.31 | $18,864 | +124.1% |
Score: breadth 15 + size 8.7 + conviction 20 + seniority 5 − penalties 0 = 49
How this is built. Source: SEC EDGAR Form 4 filings. A cluster is two or more distinct insiders (officer, director, or 10% owner) reporting open-market purchases (transaction code P) in the same issuer on separate filings, totalling at least $25,000.
Excluded: dividend reinvestments, trades under a Rule 10b5-1 plan, gifts, derivative transactions, and 4/A amendments. A purchase reported by several affiliated filers is counted once. Filing dates are not trade dates.
Score (0–100) = breadth (max 30) + dollar size (max 35, log-scaled) + position growth (max 20, only for insiders above the dollar floor) + seniority (max 15), less penalties for same-day selling or excluded rows. Rubric insider-conviction/v1. Not investment advice.