David A. Hedges

AUBN

PRESIDENT\CEO · AUBURN NATIONAL BANCORPORATION, INC · CIK 0001403419

FILING MIX · LIFETIME93%/7%

BUYS

SELLS

TOTAL VALUE

$276.7K

COMPANIES

ACTIVE SINCE

Feb 2023

HOLDINGS NOW

2,078

AVG SELL PX

$23.85

Trades · vs SPY

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Performance · forward returns vs SPY

10 backtested trades · 8 horizons · 7 pendingHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by David A. Hedges, 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	10	+60.00%	+1.29%	+1.30%	-0.01%	-0.88%	—
14d	10	+70.00%	+2.29%	+2.86%	-0.29%	+2.40%	—
30d	10	+90.00%	+4.55%	+2.80%	+1.76%	+4.59%	—
60d	10	+70.00%	+7.22%	+5.29%	+1.93%	-1.48%	—
90d	10(1 pending)	+55.56%	+9.13%	+5.87%	+3.26%	+3.72%	—
180d	10(1 pending)	+66.67%	+11.41%	+12.81%	-1.40%	+2.85%	—
1y	10(1 pending)	+66.67%	+10.25%	+19.00%	-8.74%	+4.73%	—
2y	10(4 pending)	+50.00%	+13.74%	+44.29%	-30.55%	-28.83%	—

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

AUBN · 2,078 shares · as of Jun 5, 2026

Trading cadence · quarterly flow

BUY ● SELL ●

2023

2024

2025

2026

FLOW · 13 buys / 1 sellsCOVERAGE · 14 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASEGRANT Stock grant	2,078	—	—	2,078	Jun 5, 2026	Jun 8, 2026 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	1,000	$23.75	$23.8K	14,401	May 6, 2026	May 7, 2026 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	SALE President\CEO	169	$23.85	$4.0K	13,401	Mar 10, 2026	Mar 26, 2026 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASEGRANT Stock grant	10	—	—	13,570	Mar 10, 2026	Mar 26, 2026 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASEGRANT Stock grant	550	$28.34	$15.6K	13,560	Jul 24, 2025	Jul 28, 2025 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	150	$19.88	$3.0K	13,010	Apr 28, 2025	Apr 28, 2025 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	125	$21.00	$2.6K	12,860	Feb 11, 2025	Feb 11, 2025 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	1,072	$18.00	$19.3K	12,735	Aug 6, 2024	Aug 6, 2024 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	2,000	$17.50	$35.0K	7,663	Apr 26, 2024	Apr 29, 2024 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	4,000	$17.75	$71.0K	5,663	Apr 26, 2024	Apr 29, 2024 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	4,000	$17.50	$70.0K	11,663	Apr 26, 2024	Apr 29, 2024 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	364	$22.03	$8.0K	1,663	May 31, 2023	Jun 1, 2023 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	999	$22.00	$22.0K	1,299	May 30, 2023	May 31, 2023 ↗	View →
AUBN AUBURN NATIONAL BANCORPORATION, INC	PURCHASE President\CEO	100	$24.04	$2.4K	300	Feb 3, 2023	Feb 6, 2023 ↗	View →

Other insiders · AUBN

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About this filer

CIK 0001403419

ROLE

President\CEO

PRIMARY

AUBN

COMPANIES

ACTIVE SINCE

Feb 2023

MARKETPEEL · /INSIDER/0001403419DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

David A. Hedges

The morning brief, before the bell.