Insider Firehose

Insider Firehose — Real-Time Form 4 Aggregator (v2.1)

Pulls the SEC EDGAR Form 4 "current filings" atom feed and pushes a Telegram alert for every open-market purchase ≥ $200k by officers or directors.

v2.1 (May 2026): every alert now auto-enriches with a business one-liner, P/E + valuation block, 52W price context, and a 0-10 Smart Money Score. Toggle on/off any time via /enrich on or /enrich off in Telegram (or firehose_cli.py).

Why this exists

Tools like openinsider.com aggregate Form 4 filings but scrape on a 12-24 hour delay. This skill pulls directly from SEC EDGAR with a 2-5 minute delay — same authoritative source, 100-300x faster.

It also enforces the methodology rules from review-investment-screenshot/SKILL.md:

• Form 4 code "P" only (open-market purchase) — never A/M/F/G/D/C (RSU vest, option exercise, tax withholding, gift, distribution, conversion). Aggregators that conflate these produce false-positive cluster-buy headlines like the 2026-04-01 UNH "10 directors buying" story (all DSU grants).
• 10% holder-only buys skipped by default. These are often activist funds (Saba Capital) or institutional positions, not officer/director conviction signals.
• $200k threshold filters out small qualifying purchases (board minimums, ESPP-style buys).

Architecture

SEC EDGAR atom feed (every 30 min cron, weekdays 9 AM - 7:30 PM ET)
   │
   ▼
form4_firehose.py
   │  pulls feed, dedupes via form4_state.json
   │  for each NEW filing: fetch raw XML, parse <nonDerivativeTransaction>
   │  filter: code == "P", value ≥ $200k, role != pure 10% holder
   │
   ├──► enrichment/ (v2.1, on by default)
   │      pull yfinance: valuation + 52W price + business one-liner
   │      compute 0-10 Smart Money Score from role + value + valuation + price
   │      (non-fatal — if yfinance fails, falls back to basic v2.0 alert)
   ▼
Telegram bot ($TELEGRAM_BOT_TOKEN)
   │
   ▼
🚨🟢 INSIDER BUY — $X.XM
$TICKER (Company) — Owner (Officer/Director/Title)
N,NNN shares @ $X.XX  · [SEC EDGAR ›]
🏢 _One-line business description_ · Sector
📈 Valuation: Cap · P/E · Net cash · Div yield
📊 Price: Now · 1Y · 52W range · vs MAs
⭐ Smart Money Score: N/10 + triggered factors

State (which filings we've already alerted on) lives in scripts/form4_state.json and is auto-committed by the workflow back to the repo. Cap of 5000 entries (≈ 1 week of Form 4 volume).

User preference (enrichment on/off) lives in enrichment_config.json at the firehose root. Telegram /enrich commands edit this file via the same GitHub API path as alerts.json.

Files

• scripts/form4_firehose.py — core script: fetch + parse + filter + (enrich) + send
• scripts/firehose_cli.py — CLI for toggling enrichment on/off + status
• scripts/enrichment/ — Tier-2 augmentation package (v2.1)
  • pipeline.py — entry point enrich(ticker, filing, total) + on/off resolver
  • valuation.py — P/E, market cap, net cash, dividend yield (via yfinance)
  • price_action.py — 50DMA / 200DMA / 52W context
  • company_info.py — one-line business description
  • score.py — 0-10 Smart Money Score (role + value + valuation + price)
  • format.py — assembles enriched Telegram Markdown message
• scripts/form4_state.json — accession-number ledger (auto-managed)
• enrichment_config.json — user-managed on/off flag (default enabled: true)
• .github/workflows/insider-firehose.yml — cron + state commit + yfinance install

Tuning knobs (workflow_dispatch inputs)

Or run manually:

TEST_MODE=1 FORM4_MIN_VALUE=500000 python scripts/form4_firehose.py
ENRICH=0 python scripts/form4_firehose.py   # force-disable enrichment
ENRICH=1 python scripts/form4_firehose.py   # force-enable enrichment

v2.1 enrichment — how to toggle

Enrichment is on by default. Every alert includes a business one-liner, valuation block, 52W price context, and a 0-10 Smart Money Score.

Option A: Telegram (recommended — works from your phone)

Send any of these to your alert bot:

/enrich           → shows current state
/enrich on        → enable
/enrich off       → disable
/enrich status    → shows current state

Chinese aliases also work: /enrich 开, /enrich 关, /enrich 状态.

The webhook commits the new state to enrichment_config.json via the GitHub API, and the next cron run picks it up.

Option B: CLI (from your laptop)

python scripts/firehose_cli.py --status      # show current state
python scripts/firehose_cli.py --enrich-on   # enable
python scripts/firehose_cli.py --enrich-off  # disable
# then: git add enrichment_config.json && git commit && git push

Option C: One-off via GitHub Actions

Actions → Insider Firehose → Run workflow → enrich = off (just for this run, doesn't change the saved default).

Sample enriched alert

This is what an alert looks like in v2.1 (MKTW · Frank Porter Stansberry's $974,582 director buy on 2026-05-11):

🚨🟢 INSIDER BUY — $974,582

Ticker: MKTW  (MARKETWISE, INC.)
🪑 Stansberry Frank Porter
Dir, 10%

51,375 shares @ $18.97
(4 transactions same filing)

[SEC EDGAR ›]

🏢 MarketWise, Inc. operates a content and technology multi-brand platform
   for self-directed investors. · Financial Services / Financial Data

📈 Valuation
  Cap: $48M
  P/E: 10.8 (fwd 90.3)
  Net cash: $47M (99% of cap)
  Div yield: 4.81%
  Rev growth: -7.8% YoY

📊 Price
  Now: $18.06
  1Y: +18.3%
  52W: +34% from low / -17% from high
  vs MA: 50d +8.5% · 200d +9.9%

⭐ Smart Money Score: 4/10
  ✅ Cheap P/E (10.8)
  ✅ Net cash 99% of mcap
  ✅ Dividend 4.8%

Compare to the v2.0 basic alert (above the 🏢 line). v2.1 keeps the basic block on top so existing eye-scanning habits still work — enrichment is additive.

Smart Money Score rubric

A 0-10 score combining role + check size + valuation + price action. Designed to be interpretive, not prescriptive — high score ≠ automatic buy.

Score range:

• 🔥🔥🔥 9-10 — Founder/CEO whale check + cheap + near 52W low (rare, ~1-2/month)
• ⭐⭐⭐ 7-8 — Senior officer big check with valuation OR price discount tailwind
• ⭐⭐ 5-6 — Decent conviction signal but balance-sheet or price extension caveats
• ⭐ 3-4 — Noteworthy but mixed (e.g. director-only buy, or expensive multiple)
• ▫️ 0-2 — Low-conviction filing (small size, 10% holder only, ATH chase)

Full rubric in scripts/enrichment/score.py. Tune freely to your conviction.

Tradeoffs vs. openinsider.com

What this skill does NOT do (yet)

• Cluster detection — currently alerts on each filing independently. If 9 insiders of one company all file on the same day (as AVA did on 2026-05-11), you get 9 separate alerts. v2.2 will roll these up into a single "🚨 CLUSTER" alert.
• Watchlist filter — alerts fire for ALL tickers ≥ $200k. v2.2 will let you highlight tickers you already own.
• Daily digest — currently push-only. v2.2 adds an end-of-day Telegram summary aggregating the day's buys.
• Historical insider context in score — current v2.1 score is filing + valuation + price only. v2.2 will pull openinsider 180d history into the score (e.g. +1 if 3rd buy in 90 days).
• Sells by default — sells are 10x more common and mostly noise (10b5-1 plans). Set include_sells=true for unusual-sell alerts (≥ $1M).

When this triggers (examples from real Form 4 filings)

Real signals this script catches:

• PLSE Duggan Robert W (Director + 10%): bought $12,999,988 — Pulse Biosciences founder doubling down
• PLSE Laviolette Paul A (CEO): bought $295,350 on same day → cluster signal
• LW Gray James D: bought $409,225 — Lamb Weston (foods)
• ATEC Valentine Keith: bought $996,192 — Alphatec spine

Real signals from the user's 2026-05-11 SEC EDGAR pull this skill would have alerted on:

• ET Kelcy Warren (Founder): $22M — Energy Transfer (highest-conviction founder buy of the day)
• AVA 9-insider cluster: $1.3M total ($145k each, just below $200k individually → cluster would catch it)
• KGS 6-insider cluster: $900k total
• EFX 3-director cluster: $660k total
• SOFI CEO Anthony Noto: $248k (4th buy in 90 days)

Setup

Requires TELEGRAM_BOT_TOKEN and TELEGRAM_CHAT_ID in GitHub Secrets (same ones used by price-alert/). See SETUP.md for first-run checklist.

Companion skills

• review-investment-screenshot/scripts/insider_ratio.py — per-ticker deep dive (when an alert fires, run this for full 90d context)
• analyze-stock — when alert + you don't recognize the ticker, this skill pulls fundamentals + macro context
• macro-warning — gate any conviction buy by current regime