2026-09-16: Warner Bryan (SVP, Head of Legal) — VEST-AND-SELL (award vesting at $0; 28% of the shares sold came from stock already held) — $247.3K of MSGS (open-market, Form 4, code S) [vest-and-sell: sold 628 sh, 454 of them (72%) vested the day before at no cost to the filer — so $247.3K gross is $247.3K net; the held position FELL by 174 on the day after 254 withheld for the exercise price or the tax (code F) — that many of the shares sold came out of stock the filer already held]
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.