Bernard Whitney

DMRC

DIRECTOR · DIGIMARC PARENT, INC. · CIK 0001197786

FILING MIX · LIFETIME29%/71%

BUYS

SELLS

TOTAL VALUE

$777.0K

COMPANIES

ACTIVE SINCE

Mar 2020

HOLDINGS NOW

17,153

AVG SELL PX

$34.70

Trades · vs SPY

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Performance · forward returns vs SPY

4 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Bernard Whitney, 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	4	+75.00%	-9.41%	-1.78%	-7.63%	-8.31%	—
14d	4	+50.00%	-4.90%	-4.60%	-0.30%	+4.08%	—
30d	4	+50.00%	+3.05%	-2.01%	+5.06%	-1.85%	—
60d	4	+50.00%	+1.25%	+2.82%	-1.56%	-5.77%	—
90d	4	+50.00%	-2.83%	+6.88%	-9.71%	-11.11%	—
180d	4	+100.00%	-25.50%	+16.41%	-41.91%	-41.32%	—
1y	4	+25.00%	+25.04%	+29.78%	-4.73%	+2.57%	—
2y	4	+75.00%	-37.59%	+18.11%	-55.70%	-55.16%	—

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

DMRC · 17,153 shares · as of Dec 22, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 2 buys / 5 sellsCOVERAGE · 4 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
DMRC DIGIMARC PARENT, INC.	SALE	5,000	$52.12	$260.6K	17,153	Dec 22, 2020	Dec 22, 2020 ↗
DMRC DIGIMARC PARENT, INC.	SALE	2,500	$39.00	$97.5K	22,153	Nov 18, 2020	Nov 20, 2020 ↗
DMRC DIGIMARC PARENT, INC.	SALE	3,500	$35.00	$122.5K	24,653	Nov 9, 2020	Nov 12, 2020 ↗
DMRC DIGIMARC PARENT, INC.	PURCHASEGRANT Stock grant	5,975	—	—	28,153	Apr 30, 2020	May 4, 2020 ↗
DMRC DIGIMARC PARENT, INC.	SALE	7,500	—	—	0	Mar 4, 2020	Mar 5, 2020 ↗
DMRC DIGIMARC PARENT, INC.	PURCHASE	7,500	$18.01	$135.1K	29,678	Mar 4, 2020	Mar 5, 2020 ↗
DMRC DIGIMARC PARENT, INC.	SALE	7,500	$21.51	$161.3K	22,178	Mar 4, 2020	Mar 5, 2020 ↗

Other insiders · DMRC

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About this filer

CIK 0001197786

ROLE

Director

PRIMARY

DMRC

COMPANIES

ACTIVE SINCE

Mar 2020

MARKETPEEL · /INSIDER/0001197786DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Bernard Whitney

The morning brief, before the bell.