J. David Lett

GABC

DIRECTOR · GERMAN AMERICAN BANCORP, INC. · CIK 0001190298

FILING MIX · LIFETIME25%/75%

BUYS

SELLS

TOTAL VALUE

$451.1K

COMPANIES

ACTIVE SINCE

Dec 2020

HOLDINGS NOW

71,576

AVG SELL PX

$41.58

Trades · vs SPY

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Performance · forward returns vs SPY

6 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by J. David Lett, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	6	+100.00%	-1.39%	+0.42%	-1.81%	-2.73%	—
14d	6	+83.33%	-3.05%	+0.19%	-3.24%	-4.90%	—
30d	6	+66.67%	+0.01%	+0.81%	-0.80%	-3.72%	—
60d	6	+66.67%	-4.33%	+3.17%	-7.50%	-16.14%	—
90d	6	+66.67%	+6.12%	+5.72%	+0.40%	-16.70%	—
180d	6	+66.67%	+0.54%	+11.45%	-10.91%	-19.59%	—
1y	6	+66.67%	-3.82%	+9.77%	-13.60%	-17.32%	—
2y	6	+66.67%	-14.62%	+4.05%	-18.67%	-33.79%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

GABC · 71,576 shares · as of Dec 20, 2021

Trading cadence · quarterly flow

BUY ● SELL ●

2020

2021

FLOW · 2 buys / 6 sellsCOVERAGE · 5 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
GABC GERMAN AMERICAN BANCORP, INC.	PURCHASEGRANT Stock grant	652	—	—	71,576	Dec 20, 2021	Dec 30, 2021 ↗
GABC GERMAN AMERICAN BANCORP, INC.	SALE	2,400	$43.22	$103.7K	77,614	Apr 30, 2021	May 10, 2021 ↗
GABC GERMAN AMERICAN BANCORP, INC.	SALE	1,890	$43.28	$81.8K	70,924	Apr 30, 2021	May 10, 2021 ↗
GABC GERMAN AMERICAN BANCORP, INC.	SALE	2,400	$43.29	$103.9K	75,214	Apr 30, 2021	May 10, 2021 ↗
GABC GERMAN AMERICAN BANCORP, INC.	SALE	2,400	$43.23	$103.7K	72,814	Apr 30, 2021	May 10, 2021 ↗
GABC GERMAN AMERICAN BANCORP, INC.	SALE	1,530	$32.92	$50.4K	80,014	Dec 28, 2020	Dec 28, 2020 ↗
GABC GERMAN AMERICAN BANCORP, INC.	PURCHASEGRANT Stock grant	789	—	—	81,544	Dec 21, 2020	Dec 28, 2020 ↗
GABC GERMAN AMERICAN BANCORP, INC.	SALE	230	$33.00	$7.6K	2,929	Dec 7, 2020	Dec 8, 2020 ↗

Other insiders · GABC

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About this filer

CIK 0001190298

ROLE

Director

PRIMARY

GABC

COMPANIES

ACTIVE SINCE

Dec 2020

MARKETPEEL · /INSIDER/0001190298DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

J. David Lett

The morning brief, before the bell.