AACIW · Insider Trading
Armada Acquisition Corp. III Warrant
Every open-market purchase and sale reported by AACIW officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.
| Filed | Insider | Role | Type | Shares | Value |
|---|---|---|---|---|---|
| 2025-09-11 | Stephen P Herbert | CEO | Sell | −400,000 | — |
| 2025-09-11 | Armada Sponsor II LLC | 10%+ Owner | Sell | −400,000 | — |
| 2025-09-11 | Douglas M Lurio | Pres./CFO/Sec. | Sell | −400,000 | — |
| 2024-08-15 | Armada Sponsor LLC | 10%+ Owner | J | −5,342,000 | — |
| 2024-08-15 | Douglas M Lurio | Pres, Sec and Treas | MIXED | −50,000 | — |
| 2024-08-15 | Mohammad A Khan | Director | MIXED | −35,000 | — |
| 2024-08-15 | Thomas A Decker | Director | MIXED | −35,000 | — |
| 2024-08-15 | Celso L. White | Director | MIXED | −35,000 | — |
| 2024-08-15 | Stephen P Herbert | Chief Executive Officer | MIXED | −50,000 | — |
Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.
Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.
Full filing history and per-insider positions are on the AACIW quote page; the site-wide leaderboard is on the insider transactions hub.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.