Many platforms that track insider activity organize their analysis around outputs. A filing appears, it is processed, and a result is presented—ranked, scored, or labeled.
AugurSignals begins earlier and stops later. It treats insider disclosures as records that can be followed backward, unfolded, and examined without collapsing them into a single evaluative answer.
This page describes what that difference looks like.
From Outputs to Chains You Can Follow
In most insider tracking tools, the analytical path ends at the output. What appears on the screen is where inspection stops.
In AugurSignals, the output is where inspection begins.
An alert opens into the transaction it was derived from. That transaction opens into the Form 4 filing it came from. The accession number is visible. The filing can be followed directly to EDGAR. At each step, the information used and the timing of its availability remain intact.
Moving through this chain does not reveal a hidden conclusion. It reveals the path the data took. Nothing replaces what comes before it. Structure accumulates rather than disappears.
The difference is not speed or coverage. It is whether the analytical path remains visible after processing.
From Isolated Events to Relationship Records
A single insider transaction can be examined on its own. So can a single filing.
What is less visible in most systems is the relationship that forms when the same insider appears at the same issuer again and again—sometimes clustered, sometimes spaced years apart, sometimes absent altogether.
AugurSignals centers the record on that relationship.
Each alert sits within a longer history of how one owner’s disclosed exposure to one issuer has changed over time. Frequency, spacing, and periods of inactivity remain part of the record. A decade-long sequence produces a different shape than a brief or intermittent one, even when individual transactions appear similar.
Nothing in the system declares which shape matters. The structure simply remains visible.
(For a deeper treatment of these patterns, see owner–issuer relationships.)
From Event Windows to Career Context
Many insider analytics focus on what followed a particular disclosure over a fixed window. Those measurements are typically applied one event at a time.
AugurSignals aggregates across an insider’s disclosed purchase history using the P-Factor methodology. Rather than asking what followed this transaction, it asks what the historical record of disclosed purchases looks like when measured from a consistent point of public visibility.
The timing anchor is the disclosure date—the moment the filing became public. Measurements are attached as observations, fixed at creation, and preserved as they were at the time. The same rules apply across records, regardless of how many transactions an insider has.
What emerges is not a verdict. It is a career-level record that can be examined without erasing when each piece of information became knowable.
(The measurement logic itself is described in Our Methodology.)
From Filings to Structured Alerts
Insider filings often report many kinds of actions together: market purchases, grants, derivative exercises, tax withholdings, administrative transfers.
AugurSignals does not treat the filing itself as the analytical unit.
Reported actions are examined individually. Some can be economically characterized with sufficient clarity. Others cannot. Only economically characterizable open-market purchases on listed exchanges are retained as alerts.
Each alert corresponds to one insider, one issuer, one date, and one instrument type. A single filing may yield several alerts or none at all, depending on what it contains.
The alert is a structured record. It marks where a transaction becomes inspectable, not what it should be taken to mean.
What Remains Visible
Decomposing filings into structured records makes some distinctions clearer while leaving others open.
Each alert preserves its own context: timing, relationship history, and the conditions under which the information became public. Across records, different patterns can be observed—or not. Some relationships accumulate texture over time. Others remain sparse. Some records invite closer examination. Others simply sit as part of the broader landscape.
Nothing in the structure resolves those differences. What remains visible is the record itself, its shape, and the uncertainty that accompanies it—without collapsing any of it into a single reading.
Readers who want to explore these ideas further can find related concepts in the reference library.