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Insider Cluster (2 insiders) ·Filed Feb 27, 2026

NFRX

2023 ETF Series Trust
NEUTRAL
Impact 4/10
Horizondays Processed7mo ago
Insider cluster: 2 insiders, $50K total
Actionable Insight • Neutral

Monitor for follow-up purchases or broader insider participation; while this cluster is small, consistent buying could signal accumulating confidence ahead of potential catalysts.

DirectionNeutral
Confidencehigh
Horizondays
Final: all horizons settled through T+60d ⚠ clustered
NFRX ▼ -0.88% at T+60d
NEUTRAL call -0.88% · α vs SPY -11.20% · entry $27.17 → $26.93
Entry = T+0 close
Mar 3, 2026
via day close
T+1d
+0.62%
call +0.62% · α -0.14%
$27.34
settled 8mo ago
T+5d
-1.80%
call -1.80% · α -1.32%
$26.68
settled 8mo ago
T+20d
-1.95%
call -1.95% · α +2.45%
$26.64
settled 7mo ago
T+60d
-0.88%
call -0.88% · α -11.20%
$26.93
settled 5mo ago

Price Chart

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Executive Summary

Three open-market share purchases by two insiders at NFRX within the last seven days, totaling $104,865.80, indicate modest insider buying interest amid recent positive sentiment. The activity is small in magnitude relative to the company's market cap.

Key Financial Metrics

Direction
buying
Total Value
$104.9K
Insiders
2

Key Facts

  • Goncu Hasan Ali purchased 800 shares at $27.776, spending $22,220.80
  • Robert Becker bought 1,000 shares on 2026-02-27 at $27.745 ($27,745) and 2,000 shares on 2026-02-26 at $27.55 ($55,100)
  • Total open-market purchases in cluster: $104,865.80 across three transactions
  • All transactions were open-market purchases (P), indicating direct confidence
  • No non-cash or derivative-related transactions (e.g., A, F, M, C)

Financial Impact

$104,865.80 in insider buying over 7 days

insider ownershipmarket sentiment

Risk Factors

  • Low dollar volume limits significance — represents likely less than 0.1% of market cap
  • Concentrated among only two individuals, with no C-suite or named executive officer identified

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (3 trades, 7d window)cluster-NFRX-1772553398916
2 reports for NFRX
Performance horizon
Filters
Rows
Reports for NFRX, sortable and filterable
TypeNow
Feb 27, 2026
34w ago
Insider Cluster
NEUTRAL ★ 3/10
$26.93 $26.94▲ +0.04%▲ +3.82%$26.28 (−2.42%)
Feb 27, 2026
34w ago
Insider Cluster
NEUTRAL ★ 4/10
$27.17 $26.64▼ −1.95%▲ +2.45%$26.28 (−3.28%)
Showing 2 of 2

US Market Status

Market Closed · Opens in 4h 31m

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Report published Mar 3, 2026