Short answer:
Based on the information you supplied – a press‑release‑type reminder from the law firm Kirby McInerney LLP that investors who bought Capricor Therapeutics, Inc. (NASDAQ: CAPR) stock should contact the firm about a securities‑fraud class action – there is no direct evidence of insider‑trading or insider‑selling activity reported in the news item itself.
Why the notice does not indicate insider activity
| Element of the notice | What it tells us | What it does not tell us |
|---|---|---|
| Source – Kirby McInerney LLP | A litigation‑support firm reminding potential class‑action participants to get in touch. | No mention of any insider filings (e.g., Form 4, Form 3, Form 5) or insider‑selling disclosures. |
| Content – “contact Thomas W. Elrod … to discuss your rights …” | It is a “call‑to‑action” for investors who may have purchased the stock before or after a specific alleged misstatement. | It does not reference any trades made by corporate insiders (executives, directors, 10% owners) or any pattern of such trades. |
| Timing – May 5 2025 press release (the alleged event) + August 6 2025 reminder | The class‑action relates to events that occurred on May 5, but the reminder is a standard “join the lawsuit” push. | No correlation is drawn between that date and any insider‑selling filings that could be observed on or after the event. |
| Regulatory references – None | The notice is purely legal‑services‑oriented. | No SEC Form 4 filings, no “Rule 10b‑5” enforcement action, no insider‑trading investigation disclosed. |
What we would normally look for to spot insider‑trading or insider‑selling patterns
- SEC Form 4 filings (or Form 3/5) for insiders (officers, directors, >10% shareholders).
- Look for unusually large sales (or purchases) shortly before the May 5 2025 press release or after the August 6 2025 reminder.
- Look for unusually large sales (or purchases) shortly before the May 5 2025 press release or after the August 6 2025 reminder.
- Rule 10b5‑1 trading plans – see if insiders have pre‑established trading plans that were executed around those dates.
- 13‑D/13‑G beneficial‑owner reports – a sudden change in a 10% owner’s stake could be a red flag.
- Unusual market activity – spikes in volume or price swings coincident with insider filings.
- Insider‑trading alerts from data providers (e.g., Bloomberg, FactSet, S&P Capital IQ, or specialized services like InsiderMonitor).
How to verify whether any insider activity is occurring now
| Step | Action | Tools / Sources |
|---|---|---|
| 1 | Pull the latest Form 4 filings for Capricor (ticker CAPR). | SEC EDGAR search (https://www.sec.gov/edgar/search/), or services like BamSEC, AlphaSense, MarketWatch insider tracker. |
| 2 | Filter for filings dated May 1 – May 10 2025 (around the alleged event) and July 30 – August 10 2025 (around the reminder). | Spreadsheet or a query in Bloomberg (INS <GO> → “Company Insider Activity”). |
| 3 | Look for large‑volume sales (>10% of holdings, or >$1 M) by any insider. | Compare transaction size to the insider’s total holdings (often shown in the same Form 4). |
| 4 | Check 10b5‑1 plans disclosed in the footnotes of Form 4s or in press releases. | Often noted as “Rule 10b5‑1 trading plan.” |
| 5 | Review 13‑D/G filings for any new >10% owners or changes in existing owners around the dates. | EDGAR search for “SC 13D” or “SC 13G”. |
| 6 | Use real‑time market data to see if the stock price moved sharply on the filing dates. | Bloomberg, Refinitiv, Yahoo Finance intraday charts. |
| 7 | Scan news wires for any mention of “Capricor insider sale” or “Capricor insider purchase.” | LexisNexis, Factiva, Google News alerts. |
| 8 | If you have a subscription to an insider‑alert service, set a watch on CAPR. | Services like InsiderScore, SqueezeMetrics, Benzinga Pro. |
What the current data (as of the August 6 2025 notice) suggest
- The news release is purely a legal‑notice and does not cite any insider‑transaction evidence.
- No insider filing is referenced, which is typical for a class‑action reminder; if insiders had recently sold large blocks, the litigation team would usually highlight that as “material adverse information” in their communications. Their omission suggests no obvious insider sell‑off was known at the time of the notice.
- The class‑action itself is based on alleged securities‑fraud (presumably misstatements or omissions) rather than insider‑trading allegations. If insider trading were part of the alleged misconduct, the filing would likely be described as “insider‑trading fraud” rather than a generic securities‑fraud claim.
Bottom line
Based on the provided news excerpt, there is no indication of insider‑trading or insider‑selling patterns emerging after the class‑action notice. To confirm this definitively, you would need to review the SEC filings (Form 4/3/5, 13‑D/G) for the relevant dates and monitor any subsequent insider‑activity alerts.
If you require a deeper dive (e.g., a table of all insider trades in the last 30 days, analysis of trade size vs. holdings, or a visual chart of insider‑trade volume vs. stock price), let me know and I can walk you through how to extract that data from EDGAR or a financial‑data platform.