Evidence in favour
- Participation spans 10 named insiders rather than one filing source.
Company insider dossier
Tradeweb Markets Inc insider intelligence
TW filings assessed for conviction, transaction quality, insider breadth, clustering, freshness, and price confirmation.
19/100
Concentrated distribution
61/100 confidence- Exchange
- NASDAQ
- Sector
- Financial Services
- Industry
- Capital Markets
- Latest evidence
- 1 Jun 2026
Investment committee read
Concentrated distribution
Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.
Review exposure and filing contextDecision risks
- Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.
- The latest qualifying filing is more than 30 days old.
Price confirmation map
Weekly price with common-share events
Acquisitions and disposals are aligned to the nearest completed weekly bar.
Feb 2025Aug 2026
Weekly closeCommon-share acquisitionCommon-share disposal
Market confirmation
Price and trend context
- Latest close
- 102.62 USD
- One-week move
- +2.1%
- Four-week move
- +4.9%
- Fair-value gap
- -9.3%
- Trend signal
- Inactive
- Relative strength
- -19.0
Directional balance
Controlled event mix
0.0%acquisition
- Acquisition events
- 0
- Disposal events
- 5
- Net value
- -$5.0M
Cadence
Twelve-week filing pressure
Volume shows attention. Controlled events determine direction.
125 May
101 Jun
008 Jun
015 Jun
022 Jun
029 Jun
006 Jul
013 Jul
020 Jul
027 Jul
003 Aug
010 Aug
Named participants
Insider conviction by person
AIGRAIN, JACQUESDirector500 events
GANELES, SCOTTDirector500 events
MADOFF, PAULADirector500 events
OPOKU, LISADirector500 events
REPETTO, RICHARD HDirector500 events
YARED, RANADirector500 events
FRIEDMAN, DOUGLASChief Legal Officer281 events
FURBER, SARAChief Financial Officer281 events
BERNS, STEVENDirector281 events
PETERSON, JUSTINChief Technology Officer252 events
Evidence quality
Security and transaction context
Role architecture
Who is participating
Transaction evidence
Auditable TW filing ledger
Showing 1 to 12 of 12.
PETERSON, JUSTINChief Technology Officer
DisposalCommon equity
21221 sharesClass A common stock
$2.2MDirectional evidence
BERNS, STEVENDirector
DisposalCommon equity
425 sharesClass A common stock
$44.7KDirectional evidence
AIGRAIN, JACQUESDirector
AcquisitionCommon equity
2668 sharesClass A common stock
Not reportedContext evidence
BERNS, STEVENDirector
AcquisitionCommon equity
1645 sharesClass A common stock
Not reportedContext evidence
GANELES, SCOTTDirector
AcquisitionCommon equity
1645 sharesClass A common stock
Not reportedContext evidence
MADOFF, PAULADirector
AcquisitionCommon equity
1912 sharesClass A common stock
Not reportedContext evidence
OPOKU, LISADirector
AcquisitionCommon equity
1645 sharesClass A common stock
Not reportedContext evidence
REPETTO, RICHARD HDirector
AcquisitionCommon equity
1645 sharesClass A common stock
Not reportedContext evidence
YARED, RANADirector
AcquisitionCommon equity
1645 sharesClass A common stock
Not reportedContext evidence
PETERSON, JUSTINChief Technology Officer
DisposalCommon equity
21221 sharesClass A common stock
$2.6MDirectional evidence
FURBER, SARAChief Financial Officer
DisposalCommon equity
1614 sharesClass A common stock
$201.5KDirectional evidence
FRIEDMAN, DOUGLASChief Legal Officer
DisposalCommon equity
592 sharesClass A common stock
$73.9KDirectional evidence
Reading the dossier
Direction and confidence are separate
Conviction
The 0 to 100 score classifies deduplicated priced common-share evidence. Fifty is balanced or non-directional.
Confidence
Confidence rises with controlled event depth, named-insider breadth, fresh evidence, normalized values, and a longer observation span.
Disposals
Selling is not treated as the mirror image of buying. It carries less directional weight because taxes, diversification, compensation, and planned transactions can all create sales.
Price confirmation
The market chart tests whether the filing thesis is being confirmed or rejected by price, fair-value position, relative strength, and the current trend state.
Independent market research for education. This classification is not investment advice, a recommendation, a forecast, or an execution instruction.