ADIL · Insider Trading

Adial Pharmaceuticals, Inc

Every open-market purchase and sale reported by ADIL 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.

Form 4 Filings
29
most recent
Open-Market Buys
5
code P
Sales
0
code S
Reporting Insiders
7
current holders
ADIL — Recent Form 4 Transactions (latest 2026-09-21)
FiledInsiderRole TypeSharesValue
2026-09-21 Wendy B. Young Director A +25,666 deriv. —
2026-07-16 Coastlands Capital LP 10%+ Owner Buy +3,233 +$8.69K
2026-07-13 Coastlands Capital LP 10%+ Owner Buy +11,753 +$32.64K
2026-07-01 Coastlands Capital LP 10%+ Owner Buy +25,000 +$65.00K
2026-06-16 Wendy B. Young Director Buy +36,378 deriv. —
2026-06-16 Matt Davidson Chief Development Officer A +299,414 —
2026-04-09 J. Kermit Anderson Director A +9,185 deriv. —
2026-04-09 Vinay Shah Chief Financial Officer A +17,325 —
2026-04-09 Robertson H. Gilliland Director A +9,185 —
2026-04-09 Kevin Schuyler Director A +9,185 —
2026-04-09 Tony Goodman Chief Operating Officer A +26,510 —
2026-04-09 Cary J Claiborne Chief Executive Officer A +37,985 —
2025-06-02 J. Kermit Anderson Director A +28,000 deriv. —
2025-06-02 James W. Newman Jr. Director A +28,000 deriv. —
2025-06-02 Robertson H. Gilliland Director A +28,000 deriv. —
2025-06-02 Vinay Shah Chief Financial Officer A +9,000 deriv. —
2025-06-02 Cary J Claiborne Chief Executive Officer A +138,000 deriv. —
2025-06-02 Kevin Schuyler Director A +28,000 deriv. —
2025-06-02 Tony Goodman Chief Operating Officer A +94,000 deriv. —
2024-12-05 Cary J Claiborne Chief Executive Officer A +350,000 deriv. —
2024-11-18 Vinay Shah Chief Financial Officer A +40,000 deriv. —
2024-03-27 James W. Newman Jr. Director A +12,000 deriv. —
2024-03-27 Robertson H. Gilliland Director A +12,000 deriv. —
2024-03-27 Kevin Schuyler Director A +12,000 deriv. —
2024-03-27 J. Kermit Anderson Director A +12,000 deriv. —
2024-03-27 Cary J Claiborne Chief Executive Officer A +60,000 deriv. —
2024-03-27 Joseph Truluck Chief Financial Officer A +25,000 deriv. —
2024-03-27 Tony Goodman Chief Operating Officer A +42,000 deriv. —
2023-10-03 Kevin Schuyler Director Buy +700 +$1.92K
ADIL — Current Insider Holders
InsiderRole Shares HeldValue
Coastlands Capital LP 10%+ Owner 387,075 $1.42M
Matt Davidson Chief Development Officer 300,918 $1.11M
Cary J Claiborne Chief Executive Officer 40,417 $148.73K
Tony Goodman Chief Operating Officer 26,523 $97.60K
Vinay Shah Chief Financial Officer 17,325 $63.76K
Kevin Schuyler Director 9,217 $33.92K
Robertson H. Gilliland Director 9,185 $33.80K
ADIL Insider Trading FAQ
Who are the insiders at ADIL?
7 officers, directors and 10%+ beneficial owners currently report holdings in ADIL via SEC Form 4.
Are ADIL insiders buying or selling?
Across the 29 most recent Form 4 filings for ADIL, 5 were open-market purchases (code P) and 0 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is ADIL insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent ADIL filing is dated 2026-09-21.
How to read Form 4 activity

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 ADIL 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.