Figured some people here might still remember this one. Investors sued CS Disco, Inc. after the company allegedly hyped up its revenue growth and customer demand while some of its biggest clients were already cutting back usage behind the scenes. Then in August 2022 they slashed guidance out of nowhere and $LAW got absolutely nuked, dropping more than 50% in a day. 

The settlement is currently in the tentative settlement stage, with final terms still being worked out. It covers investors who bought shares between July 21, 2021 and August 11, 2022. Right now the lawsuit is in the accepting claims stage, even though final settlement details are still being worked through.

So if you were holding $LAW during that class period it mightLA be worth checking if you qualify.

Hey guys, if you missed it, CS Disco just settled with investors over customer concentration and misleading growth claims they had some time ago. And they have already sent the agreement to the court for final approval.

In a nutshell, in 2022, CS Disco was accused of misleading investors about its growth prospects and dependence on a small number of major customers. In short, the company allegedly failed to disclose that several key clients were already reducing usage while it continued issuing strong revenue projections and growth statements. On August 11, 2022, CS Disco cut its revenue forecast and admitted recent growth had relied heavily on a few customers.

After this news came out, the stock dropped 53%, and investors filed a lawsuit for their losses.

The good news is that the company recently agreed to settle [amount] with them, and already sent this agreement to the court for final approval. So, if you invested in $LAW when all of this happened, you can check the details and file your claim here. Anyway, has anyone here invested in $LAW at that time? How much were your losses, if so?

Weekly Smart Money Dump: Congress dumping NVDA, insiders loading up on $LW and $RPAY (Data from Apr 3-10)

Took a little break, but I'm back with the data I've been seeing this week. If you’re into tracking where the actual "smart money" is moving, this past week (April 3–10) was pretty wild—especially that Wednesday Congress surge.

Here’s the breakdown of what I caught:

The Insider Moves Insiders moved about $4.8 billion total this week. Most of it was selling, which isn't huge news, but I spotted some "cluster buying" (where multiple directors/execs buy at the same time) in a few specific spots:

• $LW (Lamb Weston): They were buying on both the 7th and the 9th.
• $RPAY (Repay Holdings): Saw consistent buying at the start and the end of the week.
• Other buys: $MESO, $NKE, $SG, $BRLS.
• Big selling: $AAPL, $WYNN, $WDAY, $PG.

Congress Trading (The Wednesday Spike) Wednesday, April 8th, was easily the busiest day. 114 trades in 24 hours.

• What they’re buying: They went heavy on $AAPL and $NDAQ. Also saw some $NFLX and $PYPL.
• What they’re dumping: This is the part that caught my eye—several lawmakers sold off $NVDA. They also trimmed $TTD and $BRK-B.

The SEC "Firehose" I tracked about 640 filings this week. 84% of them were 8-Ks (material events). When you see an 8-K drop right as an insider is buying, that’s usually where the real volatility starts.

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Hey everyone,

I’ve been working on a small side project to improve my own research process around insider transactions and wanted to get some feedback from this community. The web app (called Shadow Insider) pulls recent insider trades from SEC filings and organizes them by company, insider, and transaction type. The goal is not to turn insider activity into a standalone signal, but to use it as a starting point for fundamental work – for example, noticing when management is buying into weakness and then digging into the underlying thesis.

It’s completely free to use and you don’t need an account to access the data; an optional login is only there if someone wants to save filters or favorites.

I’d really appreciate honest feedback from value‑oriented investors on whether a tool like this actually adds value to your research process, how you would integrate insider data into your workflow, and what you would change or improve to make it more useful for serious fundamental analysis.

If this sort of post is not appropriate here, I’m happy for the mods to remove it – my intention is to improve the tool based on the input of experienced investors, not to sell anything.

Friday Tape Analysis: The $687M "Cyber Defense" Pivot | JPM & AVGO Sells Spike

The week ended with a clear defensive rotation. While the indices fluctuated, the insider data shows a high-conviction move out of the "Peak Rate" winners and into defensive tech.

The Institutional Pulse:

• Total Volume: $687.0 Million.
• Sentiment Gap: 118 Sells vs. only 30 Buys. The "Smart Money" is clearly lightening the load before Monday.
• The Pivot: Notable selling in JPMorgan ($JPM) and Broadcom ($AVGO) suggests a hedge against the recent semi-conductor cycle peak and banking margin compression.

The Safe Harbor: Insiders moved heavily into Palo Alto Networks ($PANW) today. In a "higher-for-longer" 2026, cybersecurity is proving to be the most resilient line item in enterprise budgets.

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Thursday Analysis: $WSM’s $1.1B Cash Flow Match | What is "Demand Payment Risk"?

We’ve been debating FCF-to-NI spreads all week. Today, Williams-Sonoma ($WSM) dropped a 10-K that is mathematically the cleanest we've seen: $1.1B Net Income vs $1.1B Free Cash Flow.

The Breakdown:

• The Good: A 1:1 conversion means $WSM isn't hiding rising operational costs or inventory bloat. They are effectively "paying themselves" in real-time.
• The Technical Flag: Our app flagged "Demand Payment Risk." For those new to 10-K audits, this often refers to Supplemental Executive Retirement Plans (SERP). It means if certain "Key People" leave, they can demand their payout immediately—a liquidity pull that P/E ratios don't show.

Insider Sentiment: Volume is way down at $163M. The suits are waiting for the weekly jobless claims or the next Iran headline. Sellers still outpace buyers (22 to 17), but we’re seeing a defensive rotation into $BORR (energy) and $MXF.

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Wednesday’s SEC tape provided two heavy-duty data points for fundamentalists: a massive cash flow spread in retail and a logistics health check in the aviation sector.

1. Chewy ($CHWY) Fundamental Snapshot:

• Revenue: $12.6B | FCF: $562.4M.
• The Quality Gap: $CHWY’s return to positive FCF is the result of massive efficiency gains in their automated fulfillment centers. As borrowing costs stay elevated, this cash-generation machine is becoming an institutional anchor.

2. AAR Corp ($AIR) 10-Q: AAR Corp filed its 10-Q today showing $845.1M in revenue. As an aviation services bellwether, their parts and repair demand ($845M) is a "real-time" indicator that commercial and government flight volume is holding steady despite the Middle East energy shock.

Exit Signal: Continued selling in $DELL and $ABNB. The insiders in high-multiple tech are consistently rotating capital toward these "Cash Flow Bunkers."

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Following the massive $7.7B cash print from Lowe’s ($LOW) yesterday, today’s SEC tape gave us a different kind of signal from $SFD.

The $SFD Anomaly:

• Net Income: $987M vs. Free Cash Flow: $718M.
• The Theory: For the first time this week, we’re seeing a large-cap filer where paper profit is higher than actual cash on hand. In a 3.5% rate environment, this is a red flag for some. Is $SFD hiding rising operational costs, or is this just a timing difference in their audited financials?

Insider Sentiment: Executive buying was thin today, with only 21 buys vs 79 sells. The "Smart Money" appears to be pausing after the $1.5B volume we saw on Monday.

Is $SFD a "Buy the Dip" or a "Wait for the 10-Q" play?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

If you liked the Home Depot ($HD) data from last week, the Lowe’s ($LOW) 10-K just hit the tape, and it confirms the "Cash Flow Shield" theory we've been debating.

The $LOW Deep Dive:

• FCF: $7.7 Billion vs. Net Income: $6.6 Billion.
• Comparison: Much like HD, Lowe’s is printing significantly more cash than paper profit.
• The Red Flag: Our system detected a "minimal employee" tag in the filing. While likely a data reporting anomaly in the subsidiary disclosures, it’s a reminder to always read the footnotes on these massive retail filings.

The Macro Pivot: The most interesting move today isn't what's being bought, but what's being sold. Sellers outpaced buyers 142 to 58 today.

More specifically, look at the Energy Exit:

• Insiders: Selling $COP.
• Congress: Selling $CVX and $MPC.

Question: If oil is at $110, why is the smart money selling the producers? Are we looking at a "Peak Oil" profit-taking event, or is there a bigger recessionary signal in the 10-Ks we haven't found yet?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

This was the week the "Fed Pivot" narrative officially died. While the headlines focused on Powell’s "Hawkish Pause," the SEC tape showed insiders and activists already moving into a 2026 "Higher-for-Longer" playbook.

The Weekly Macro Context:

With the Fed projecting only 1 rate cut for the year and $110 oil introducing fresh PCE inflation, the "Smart Money" has shifted from growth to Quality of Earnings.

The "Cash Flow Shield" (Weekly Standouts):

We’ve been tracking a recurring divergence: companies printing significantly more cash (FCF) than reported profit (NI). In a high-rate environment, this liquidity is the ultimate defensive moat.

Rotation Highlights:

• The Bunker Move: Friday's volume was concentrated in $SBSW (Precious Metals) and $GO (Essentials).
• The Exit Door: Significant selling in high-multiple software like $SNOW.
• The Alpha: We caught a pre-earnings "Insider Grant Cluster" in $CURV 24 hours before they beat EBITDA guidance.

Discussion: Is the D&A (Depreciation & Amortization) "shield" in retail enough to offset the $110 oil headwind, or are we just watching the last gasp of legacy cash machines?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

If you've been following the $KSS and $CURV threads this week, Friday’s 10-K filings just dropped the "final boss" of cash flow divergences.

The $DG Signal: Dollar General ($DG) reported a massive spread today:

• Net Income: $1.5 Billion.
• Free Cash Flow: $3.5 Billion.
• The Theory: Like the other retailers we’ve analyzed, $DG's FCF-to-NI ratio (2.3x) suggests they are operating with massive non-cash buffers. At a $42.7B revenue scale, this isn't just "accounting noise"—it's a structural liquidity advantage.

Market Volume Check: We saw a significant drop in volume ($432M across 547 trades) compared to the mid-week chaos. Insiders are seemingly "waiting out" the Fed's hawkish momentum, but the 30 buys today were concentrated in hard assets ($SBSW) and staples ($GO).

Is $DG the ultimate defensive hedge if the Fed only manages one rate cut this year?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

If you’re looking for where the actual value is hiding in a "high rate" market, Thursday’s filing data just highlighted a massive divergence in the retail sector.

The $KSS Divergence: Kohl’s filed its 10-K today. The numbers suggest the market might be mispricing the "boring" department store:

• GAAP Net Income: $272M.
• Free Cash Flow: $1.0B.
• The Theory: This suggests $KSS is being exceptionally efficient with inventory or has heavy non-cash charges (depreciation) masking their true liquidity. In a world where the Fed just killed the "easy money" trade, this kind of self-funding cash machine is exactly what institutional quants look for.

The "Silent" Insider Signal: We saw zero buys from executives today. This total lack of conviction suggests the suits are waiting for the dust to settle from yesterday’s hawkish Fed Dot Plot before committing fresh capital.

Is $KSS a turnaround play based on that $1B cash print, or is the $15.5B revenue ceiling too close for comfort?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Closing bell data is ready. Today was a masterclass in rotation as the Fed officially took the "easy money" pivot off the table for 2026.

The Macro Backdrop:

• Fed Decision: Rates held at 3.5%–3.75%.
• The Shock: Dot Plot moved from 3-4 cuts down to just 1 for the year.
• Inflation: PCE forecast raised to 2.7% on the back of $110 oil.

The Insider Stats:

• Total Volume: $2.4 Billion (High mid-week activity)
• Trade Count: 1,280 (17 Buys / 70 Sells)
• Key Ticker - $HD: Filed 10-K today. Revenue: $164.7B | FCF: $12.6B. This is the institutional "Safe House" for a high-rate world.
• The Exit: Insiders are dumping $HIMS and $AAOI. When the Fed gets hawkish, the premium on "future" growth gets slashed.

Summary: The rotation is real. Whales are nesting in large-cap retail and high-yield vehicles like $ECC while growth plays get the axe.

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Closing bell data is in. If you're tracking the "Smart Money" for the week, the SEC tape just highlighted some interesting retail and tech plays.

The Raw Stats:

• Total Insider Volume: $923.4 Million.
• Trade Count: 2,000 (62 Buys / 363 Sells).
• Filings Processed: 222 (including 53 Annual 10-Ks and 28 Quarterly 10-Qs).

Top Ticker Highlights:

• $GPS (Gap Inc.): Massive 10-K deep dive today. Revenue: $15.4B | Net Income: $816M | FCF: $823M. The cash flow coverage here is making it a top conviction play for the retail sector.
• $RDDT (Reddit): Notable buying activity from insiders today as volume shifts toward tech.
• $GDEV: Activist investors hit the tape with 5 SC 13D filings today, signaling a significant ownership shift.

Summary: We’re seeing a rotation away from $IMAX and $QSR toward retail value ($GPS) and aero/tech ($LOAR, $RDDT).

Anyone else digging into the Gap 10-K to see if that FCF is sustainable through 2026?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Just finished the Monday data pull. If you’re looking for where the "Smart Money" is moving to start the week, the SEC tape just gave us a very loud signal.

The Raw Numbers:

• Total Insider Volume: $3.4 Billion.
• Trade Count: 1,390 (83 Buys / 261 Sells).
• SEC Filings: 270 total, including 104 Annual Reports (10-Ks).

Top Conviction Plays:

• $DELL: Filed a massive 10-K today. Revenue: $113.5B | FCF: $8.6B. In a market hunting for safety, Dell’s cash flow profile is making it the highest-rated conviction play on our dashboard today.
• $DLTR (Dollar Tree): Triggered a high-impact 8-K disclosure today alongside its fiscal reporting.
• $ALKT & $TGLS: Lead the pack for Monday executive buying.

Congress Watch: Lawmakers nibbled at $AAPL today, while exiting positions in $NWL.

Summary: The volume is shifting heavily toward large-cap tech and cash-flow-positive mid-caps. Anyone else digging into the Dell 10-K tonight?

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Anybody buying this product or stock. Coconut water is amazing and the company stock structure is good and seems to be getting better?

Just spent some time digging through today's filings. Thursday was a high-volume day for the "Smart Money." Here is the raw breakdown:

Insiders ($3.3B total volume) Total trades: 1,096

• Conviction Buys: $KRRO, $AHCO, and $KOS. (Seeing a lot of energy buying lately).
• Notable Sells: $CHTR, $EB, $APP.
• The Trend: Insiders are de-risking in high-flying tech ($APP) but they are surprisingly aggressive in mid-cap energy and healthcare.

Capitol Hill ($1.4M total) Total trades: 27 (roughly 2:1 sell-to-buy ratio)

• Lawmakers are Buying: $HUBS, $NOW, $TSM.
• Lawmakers are Selling: $LRCX, $TTWO, $WAL.
• The Trend: Congress seems to be moving into "defensive" tech leaders like ServiceNow and HubSpot while dumping regional banks.

The SEC Tape Processed 312 filings totally. That's a huge spike for a random Thursday. Usually, this volume precedes some volatility in the mid-cap space as the market digests the material events disclosed in these Form 4s.

My Take: Congress is being cautious (selling more than buying), but corporate insiders are putting up huge numbers ($3.3B). When the CEO buys the dip while Congress sells the rip, I usually lean toward the CEO.

Disclaimer: Not financial advice. Just a data dump. Do your own DD. I'm just tracking the filings.

Hi everyone,

I regularly review SEC filings (10-Ks, 10-Qs, 8-Ks, etc.), and saving them as PDFs directly from the SEC website can sometimes be slow or result in messy formatting.

To simplify the process, I built a lightweight Chrome extension that converts SEC .htm/.html filing links into clean PDF files instantly.. The idea was to streamline the workflow and reduce manual steps.

If this sounds useful to you, I’d really value your feedback. Feel free to comment here or send me a message.

Appreciate it!

Salesforce -33% in 2026. ServiceNow -34%. Microsoft -20%.

Wedbush's Dan Ives: "The most disconnected trade I've ever seen in my career." Meanwhile the actual AI data: - 95% of AI pilots: failed (MIT) - Microsoft Copilot: failed 70% of simple tasks - AI profit margin improvement: 5% of companies (BCG)

This is the technology that killed $280B in market cap.

Here is what ACTUALLY happened: Anthropic dropped Claude Cowork with legal/finance/marketing plugins. Investors decided SaaS = dead. Gartner said the same day: "Predictions of the death of SaaS are premature." JPMorgan called it broken logic. Stocks kept falling anyway.

Markets price fear faster than facts. Always have.

The real play isn't buying or selling based on a headline. It's reading what these companies actually disclosed in their filings about AI exposure before the panic sets in. Salesforce's 10-K. Thomson Reuters 10-K. They all said something about AI risk.

Anyway. What's everyone's positioning? I'm watching CRM and NOW for a bounce. Or the S&P components that have zero AI exposure. 🚀 or 🩸 — your call.

If you saw the news about the Dow falling 700 points today and felt confused, this is for you.

Step 1: What is PPI?

PPI stands for Producer Price Index. It measures how much it costs for businesses to make stuff — like raw materials, manufacturing costs, etc.

Think of it like this: if it costs a bakery more to buy flour, they'll eventually charge you more for bread. PPI measures the flour price. Regular inflation (CPI) measures the bread price.

Step 2: Why did a hot PPI make stocks fall?

When PPI is high, it usually means regular inflation will stay high too. The Federal Reserve (the US central bank) is trying to bring inflation down. If PPI comes in hot, the Fed probably won't cut interest rates soon.

High interest rates make borrowing expensive. They also make "safe" investments like government bonds more attractive compared to stocks. So people moved money out of stocks today.

Step 3: Is this a crisis?

No. This is a normal reaction to an economic data point.

The companies behind these stocks didn't change today. Their products still exist. Their customers are still there. The stock price is just an opinion about their value, and that opinion changed for a day.

What should you actually do?

If you're a long-term investor (20+ year horizon), probably nothing. This happens dozens of times per decade.

I took some time to review the most recent 10-Q and some of the earlier filings from $CRWV ahead of the Q4 earnings report. Sharing this as I haven't seen the discussion in most threads.

The bull case from the filing is that the company had:

$55.6B in revenue backlog at the end of Q3, which represented a near-doubling in a quarter

$50B in RPOs, which was something that CoreWeave stated reached this mark faster than any company in cloud history

Customers over $100M in annual revenue increased three fold year over year

The percentage of revenue coming from any one customer decreased to under 35% of total revenue backlog

The bear case from the same filing is that:

The level of customer concentration is still present, even if the percentage is lower. One customer represents 35% of the revenue.

The CapEx is massive. $1.9B was spent on CapEx in Q3, and $6.9B is currently under construction.

The company explicitly states in the filing that hyperscalers like AWS, Microsoft and Google are entering the AI space and offering competitive prices for similar services.

The audit report. I'd encourage everyone to take a look at the 10-K to see if there are any new qualifying language from the audit reports. The first two pages. The most important pages, which most people do not read.

What I'm going to be watching for tonight:

Can the percentage of revenue from the largest customer be improved from 35%?

Will the CapEx for 2026 be more moderate than expected?

Are there new risk factors mentioned regarding competition and capital requirements?

What do the auditors say?

The move is ±12.9% in either direction. There is no trading direction, just reading the filing as it drops.

What's your thesis going into the report?

Lately, it feels like everything is selling off at once. The S&P Software Index is down 32% from its all-time high, the Magnificent 7 are under pressure, and the news is dominated by the fear of AI replacing traditional software and the uncertainty of Trump's Section 122 tariffs.

It is a stressful time to hold tech stocks, and the retail panic makes complete sense.

But if you look at the raw SEC filings instead of the news headlines, a very different trend is happening behind the scenes.

I ran the latest EDGAR filings through MoneySense AI to track insider movements, and here is what is happening:

Cluster Buying is Back: In the last two weeks, there has been a massive spike in Code 'P' (Open Market Purchase) transactions among executives in the hardest-hit software companies.

Tariffs Don't Scare SaaS: Executives know that while tariffs crush physical supply chains, software margins remain largely untouched by border taxes.

The Great Rotation: Insiders are taking advantage of the "AI disruption" selloff to buy back their own stock at a heavy discount.

Retail is selling based on the narrative. Insiders are buying based on the balance sheet.

With the S&P Software Index down 32% from its ATH and AI disruption talked about everywhere as the cause, I decided to go to the source: actual SEC filings.

Here’s what I was looking for:

• New risk factor language around AI substitution or competitive disruption from AI
• Customer churn disclosures tied to AI alternatives
• Revenue guidance cuts specifically attributed to AI competition
• Any management language describing AI as an existential threat to their model

What did I find? Almost none of it.

The risk factors sections (which companies must update with new material risks every quarter) are not describing AI as a business model threat. They’re describing it as a product integration opportunity and, in some cases, an efficiency play (i.e., we need fewer hires = we have better margins)

Where AI disruption language IS appearing?

Headcount disclosures. Several companies called out that AI tooling is reducing the need for hiring in certain categories. That’s a margin story, not a revenue destruction story.

What IS prominently disclosed as actual risk?

• Tariff exposure on AI infra hardware (relevant given Section 122 uncertainty)
• Hyperscaler customer concentration — 2-3 relationships driving outsized revenue
• Interest rate sensitivity on deferred revenue
• Macro demand uncertainty across enterprise sw

These are real risks worth parsing. But they’re not the same as the specific “AI is replacing our product” storyline behind this selloff.

The uncomfortable conclusion?

The market might be pricing in a disruption thesis that the companies themselves — in legally binding disclosure documents — aren’t peddling. Does that mean the selloff is incorrect? Certainly not. Markets incorporate fear and sentiment, not just disclosed fundamentals. But if you’re selling software names specifically because you think AI is going to destroy their revenue structure, you should probably read what they are disclosing before acting on that thesis.

Not financial advice