Joseph W. Mulpas

VP & CHIEF ACCOUNTING OFFICER · NISOURCE INC. · CIK 0001464702

FILING MIX · LIFETIME50%/50%

BUYS

SELLS

TOTAL VALUE

$777.5K

COMPANIES

ACTIVE SINCE

Jan 2020

HOLDINGS NOW

8,570

AVG SELL PX

$29.14

Trades · vs SPY

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Performance · forward returns vs SPY

1 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Joseph W. Mulpas, 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	1	+100.00%	-9.24%	-12.31%	+3.07%	+3.07%	—
14d	1	+100.00%	-20.97%	-23.29%	+2.32%	+2.32%	—
30d	1	+100.00%	-24.68%	-20.20%	-4.48%	-4.48%	—
60d	1	+100.00%	-17.64%	-8.83%	-8.81%	-8.81%	—
90d	1	+100.00%	-16.56%	-0.94%	-15.62%	-15.62%	—
180d	1	+100.00%	-24.56%	+12.81%	-37.37%	-37.37%	—
1y	1	+100.00%	-25.42%	+22.66%	-48.08%	-48.08%	—
2y	1	+0.00%	+9.41%	+42.60%	-33.19%	-33.19%	—

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

NI · 8,570 shares · as of Mar 4, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 2 buys / 2 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
NI NISOURCE INC.	SALE VP & Chief Accounting Officer	12,650	$29.66	$375.2K	8,570	Mar 4, 2020	Mar 5, 2020 ↗
NI NISOURCE INC.	SALE VP & Chief Accounting Officer	3,067	$27.02	$82.9K	21,220	Feb 28, 2020	Mar 3, 2020 ↗
NI NISOURCE INC.	PURCHASEGRANT Stock grant	10,126	$27.02	$273.6K	24,287	Feb 28, 2020	Mar 3, 2020 ↗
NI NISOURCE INC.	PURCHASEGRANT Stock grant	1,574	$29.10	$45.8K	14,161	Jan 30, 2020	Feb 3, 2020 ↗

Other insiders · NI

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About this filer

CIK 0001464702

ROLE

VP & Chief Accounting Officer

PRIMARY

COMPANIES

ACTIVE SINCE

Jan 2020

MARKETPEEL · /INSIDER/0001464702DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Joseph W. Mulpas

The morning brief, before the bell.