McKinney Scott T. 4
Research Summary
AI-generated summary
TIPTREE (TIPT) CFO Scott T. McKinney Buys 3,832 Shares
What Happened
Scott T. McKinney, Chief Financial Officer of TIPTREE INC. (TIPT), made open-market purchases of company stock on March 11–12, 2026. He acquired 2,600 shares on 2026-03-11 at a reported weighted-average price of $16.15 (total ≈ $42,000) and 1,232 shares on 2026-03-12 at a reported weighted-average price of $15.98 (total ≈ $19,682). Combined, he purchased 3,832 shares for about $61,682. These were purchases (a net buy), which many investors view as a personally bullish action by an insider.
Key Details
- Transaction dates and prices:
- 2026-03-11: 2,600 shares, weighted-average $16.15 (F1: executed in multiple purchases between $16.10–$16.20) — ≈ $42,000
- 2026-03-12: 1,232 shares, weighted-average $15.98 (F2: executed in multiple purchases between $15.94–$16.00) — ≈ $19,682
- Total purchased: 3,832 shares for ≈ $61,682.
- Transaction code: P = Purchase (open-market/private purchase).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: Prices reported are weighted averages; the filer can provide detailed trade-by-trade prices and quantities on request (F1, F2).
- Filing timeliness: Report filed 2026-03-13 for transactions on 2026-03-11 and 2026-03-12 — no late filing indicated.
Context
Insider purchases are factual signals of personal buying but do not prove future company performance. This purchase by the CFO is relatively modest in dollar terms (~$62k) compared with typical institutional trades; retail investors may see it as a small vote of confidence from management but should weigh it alongside other company fundamentals and news.