About this page
Insider trades reported on SEC Form 4: when the people who run a company buy or sell its shares with their own money.
How to read it
- Form 4
- The form a company insider (officer, director or owner of more than 10%) must file with the SEC within two business days of buying or selling the company's shares.
- Buy (P) and Sell (S)
- Open-market purchases and sales. Gifts, option exercises and automatic tax withholding are left out because they say little about what the insider thinks.
- Value
- Shares times price, as reported on the filing.
- 10b5-1
- A trade made under a plan set up in advance. Planned sales are common and usually say less than an unplanned purchase.
- Late filing
- A Form 4 filed more than two business days after the trade.
- Vs. S&P 500
- How the stock did after the trade minus how the overall market did in the same weeks.
A real example
In January 2016, when bank stocks were falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares with his own money, worth about $26 million. His Form 4 made the purchase public within days, and investors read it as a strong sign of confidence.
Explain it like I'm 13
If the coach of a team bets his own allowance that his team will win, that tells you something. A Form 4 is the note a company boss must hand in whenever he buys or sells his own company's shares, so everyone can see it.
Data from public SEC filings and congressional reports. Information, not investment advice. Check every number against the filing linked on the page.
TFS Financial CORP (TFSL): Insider Trades and Fund Holdings
In the past 12 months, TFS Financial CORP insiders reported no open-market purchases and 7 sales worth $857K; 0 of the sales were reported as made under a 10b5-1 trading plan.
Timeline: news and trades
Company filings (8-K), insider trades, notices of planned sales (Form 144), Congress trades and fund moves in the past year, newest first.
- Sep 11, 2026Insider saleChief Strategy Officer Bradley T. Stefanski sold $169,400
- Sep 10, 2026Planned saleStefanski Bradley T (officer) filed notice to sell about $170,400 around Sep 10, 2026
- Sep 8, 2026Insider saleCEO Marc A. Stefanski sold $172,800
- Sep 8, 2026Insider saleDirector Ashley H. Williams sold $172,800
- Sep 4, 2026Planned saleWilliams Ashley H (director) filed notice to sell about $175,700 around Sep 4, 2026
- Sep 4, 2026Planned saleStefanski Marc A (director) filed notice to sell about $175,700 around Sep 4, 2026
- Sep 3, 2026Insider saleCFO Meredith S. Weil sold $102,743
- Sep 3, 2026Planned saleMEREDITH S. WEIL (officer, director) filed notice to sell about $102,767 around Sep 3, 2026
- Aug 31, 2026Insider saleDirector Barbara J. Anderson sold $108,763
- Aug 28, 2026Insider saleCFO Meredith S. Weil sold $10,800
- Aug 28, 2026Planned saleBARBARA ANDERSON (director) filed notice to sell about $108,742 around Aug 28, 2026
- Aug 28, 2026Planned saleMEREDITH S. WEIL (officer, director) filed notice to sell about $10,801 around Aug 28, 2026
- Aug 5, 2026Insider saleChief Experience Officer Gavin B. Stefanski sold $119,275
- Jun 30, 2026FundRenaissance Technologies cut 6% in Q2 2026 (13F filed Aug 13, 2026)
Recent insider trades
Open-market purchases (code P) and sales (code S) from Form 4. Grants, option exercises and gifts are not shown. Latest filing: Sep 15, 2026.
| Filed | Insider | Type | Value |
|---|---|---|---|
| Sep 15 | Bradley T. StefanskiChief Strategy Officer | ▼ SELL | $169K |
| Sep 10 | Marc A. StefanskiCEO | ▼ SELL | $173K |
| Sep 10 | Ashley H. WilliamsDirector | ▼ SELL | $173K |
| Sep 4 | Meredith S. WeilCFO | ▼ SELL | $103K |
| Sep 1 | Barbara J. AndersonDirector | ▼ SELL | $109K |
| Aug 31 | Meredith S. WeilCFO | ▼ SELL | $11K |
| Aug 7 | Gavin B. StefanskiChief Experience Officer | ▼ SELL | $119K |
Insiders who traded in the past year
| Insider | Role | Buys | Bought | Sells | Sold |
|---|---|---|---|---|---|
| Bradley T. Stefanski | Chief Strategy Officer | 0 | $0 | 1 | $169K |
| Marc A. Stefanski | CEO | 0 | $0 | 1 | $173K |
| Ashley H. Williams | Director | 0 | $0 | 1 | $173K |
| Meredith S. Weil | CFO | 0 | $0 | 2 | $114K |
| Barbara J. Anderson | Director | 0 | $0 | 1 | $109K |
| Gavin B. Stefanski | Chief Experience Officer | 0 | $0 | 1 | $119K |
Buybacks and executive pay
TFS Financial CORP spent $4 million buying back its own shares in 2025.
From the company's XBRL data filed with the SEC. "Actually paid" is the SEC's pay-versus-performance measure, which counts changes in the value of stock awards. "Value of $100 invested" is the company's cumulative shareholder return as reported, usually measured from five years earlier. See all buybacks and CEO pay across companies.
A All 7 insider trades reported on time. How it is graded
Tracked funds that report TFSL
From each fund's latest 13F. Holdings are as of quarter end and are filed up to 45 days later.
| Fund | Shares | Value | Change |
|---|---|---|---|
| Renaissance Technologies | 2,384,391 | $42.3M | ▼ −6.5% |
Reading these numbers
Insiders sell for many reasons: taxes, diversification, a house. Purchases with their own money are rarer and are usually read as more informative. A Form 4 is due within two business days of the trade. How to read a Form 4 →