Scoring methodology

Composite Score (Form 4)

The Composite Score is FilingIQ's main rating for SEC Form 4 insider transactions. FilingIQ covers more than 4.9 million transactions across more than 2.1 million Form 4 filings (as of September 19, 2026). The Composite Score rates open-market purchases and sales from 0 to 100; which of them carry a score is set out under Known caveats below.

The model is a weighted combination of factor families spanning insider context, trade structure, and market environment. The factor families:

• Insider context: seniority of the reporting person (CEO, CFO, 10% owners, directors), prior conviction history, and indirect / related-party reporting structure.
• Trade structure: transaction code, plan-driven vs discretionary execution (Rule 10b5-1), and position sizing relative to the insider's existing holdings.
• Market context: trade timing within the prevailing price range and relative to earnings, and cross-signal alignment with other FilingIQ models.

Factor weights and threshold cutoffs are part of the model and not published in full.

Institutional Flow Score (IFS)

IFS scores 13F-derived institutional accumulation across the active 13F universe, on a quarterly cadence. The current production model combines several institutional-flow components into a single 0-100 score per ticker per quarter, with each component converted to a cross-sectional percentile within the quarter.

IFS has iterated across multiple research generations and is still experimental. It is off by default in the app and we publish it as a research preview. Component weights and the exact composition are part of the deployed model and not enumerated here.

Congressional Political Score (CPS)

CPS scores Congressional stock trades disclosed under the STOCK Act. Inputs include committee-relevance context, sector concentration in the member's broader disclosed portfolio, and timing of the disclosed trade relative to surrounding congressional activity. Specific factor composition and weighting are part of the internal model. Like IFS, CPS is still experimental and off by default in the app.

Data refresh cadence

Known caveats

• Warrant and derivative leakage: a small fraction of derivative-instrument Form 4 transactions can score as conviction buys when the underlying derivative settlement metadata is incomplete.
• Dual-listed currency footnotes: a small set of dual-listed issuers report a share price in their home currency and say so only in a footnote. FilingIQ does not convert currencies. When a footnote names a foreign currency and gives no conversion, the trade keeps its filed price; in the FilingIQ app it is marked as unverified on its own page and left out of trade lists and dollar totals. A price without such a footnote is shown as filed.
• Ticker resolution gaps in Congressional disclosures: STOCK Act filings are free-text and a meaningful share of historical rows have security descriptions that do not unambiguously match a public-equity ticker.
• Composite score availability: the score is built for discretionary open-market trades. Counted here are purchases and sales (transaction codes P and S) on non-derivative lines, leaving out trades under a Rule 10b5-1 plan, amendments, share-class exchanges, and sales of shares from an option exercise reported in the same filing. Of those, at least 98 percent carry a score in every filing year from 2015 through 2025, and 96.9 percent of those filed in 2026 so far (as of September 19, 2026).