2026-07-29: GORDON CARL L (Director) — MIRROR FILING (same transactions as ORBIMED ADVISORS LLC's Form 4 0000947871-26-000733) — $15.0M of SCTX (new-issue, Form 4, code P) [CORRECTION 2026-08-28: served as an open-market purchase. This filing's footnote F2 says "Reflects shares of the Issuer's Common Stock purchased in the Issuer's initial public offering", and F1 dates that offering's closing to 2026-07-27 — the shares came from the issuer at the offering price, so neither the timing nor the price was the buyer's, and informed:1 is withdrawn. The sibling row serving the identical transactions, signals id 7278 (accession 0000947871-26-000733), was corrected to OFFERING BUY (new-issue: ipo) on 2026-08-26 and this mirror was left behind. The dollars and the mirror clause are unchanged. Original text in signal_events] [CLASS DISCLOSURE 2026-08-28: this row predates the trade-date convention and no trade date is stored for it; the leading date is the day the filing entered the feed, which can lag the trade by days. This is a class statement — nothing in this line has been recomputed and no figure is being called wrong.]
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.