Paul J. Corr’s SEC Form 4 filings reveal a consistent, one-directional pattern: he has been a steady seller of shares in a single company, Espey Mfg. & Electronics Corp. (ESP), with no open-market purchases recorded across his 49 reported transactions. The aggregate sell value totals $261,262.56, while his buy and acquired values sit at zero. This is not a case of diversification or occasional trimming—the recent activity shows 24 sell transactions clustered on two dates, June 23, 2026, and May 15, 2026, with no offsetting acquisitions.
The transaction sizes on those dates vary widely, from small amounts like $68.20 and $462.70 to larger blocks such as $19,971 and $13,103. Notably, the June 23 batch includes an option exercise (code “M”) valued at $46,027.50, which is a mechanical event that typically precedes or accompanies share sales. The sales themselves are all coded “S,” indicating open-market dispositions rather than returns to the issuer or tax-related withholdings. The pattern suggests a deliberate liquidation of ESP holdings over a short window, with the May 15 cluster alone accounting for roughly $64,000 in sales across 15 separate filings.
What stands out is the absence of any purchase activity, which in insider-trading analysis often signals a bearish or neutral stance on the stock. Corr’s filings show no recent buys, no grants, and no conversions—only sales and that single option exercise. The dollar values, while not enormous in aggregate, are spread across many small trades, which can indicate a systematic approach to exiting a position rather than a single large divestment. For investors tracking insider behavior, the takeaway is clear: Corr has been a net and consistent seller of ESP shares, with his most recent activity in late June 2026 continuing that trend.
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