2026-08-25: Guttman-McCabe Christopher (Chief Reg & Comm Officer) — EXERCISE-AND-SELL (option exercise, not a position reduction) — $2.2M of ATEX (open-market, Form 4, code S) [exercise-and-sell: sold 23,439 sh, all of them exercised the same day at $37.42 vs a $92.36 avg sale — the $877.1K strike was settled in shares withheld by the issuer (code F), not in cash, so $2.2M gross is $2.2M of cash; the other 16,561 were withheld for the exercise price or the tax (code F) — nothing was kept, every share exercised was sold or withheld] [CORRECTION 2026-08-29: round 8 verifier sweep — the row claimed "$877.1K cost to acquire, $1.3M net" — the filing settles the strike in shares withheld by the issuer, so no cash was paid for them (cash from the sale is $2.2M, not $1.3M). Re-derived from the filing under the fixed parser and re-checked against it claim by claim. Original text in signal_events]
Direction (BULLISH/BEARISH) classifies the event, not the price. It is not a forecast, and no scout's direction has been validated as predictive.
Conviction
Confidence is a heuristic conviction score, not a calibrated probability. On a single filing it is the scout's own 1-5 grade; on a row that rolls several filings together it is their SUM and has no ceiling, so it can read above 5. The stored number is published as it stands — never clamped, never hidden.
Dates
Dates are rendered exactly as filed. A sibyl row leads with the TRADE date the Form 4 reports; a pelosi row shows the member's trade date and the date the disclosure was filed, which are rarely the same day. "Flagged" is the day this feed first published the row.
Backfilled rows
A row marked "already old news when flagged" reached the feed after the fact. It is a record of a filing, not of a timely catch.
Sources
Every row links to the filing it was read from — an SEC Form 4 on EDGAR,
or the disclosure document filed with the House Clerk or the Senate. A row whose source
document this feed cannot link to is left off it.
Free to quote, cite, and reference with attribution to apibeary.com. Informational only — not investment advice. Signals describe observed filings, not recommendations.