What does code P mean on a Form 4?

Code P means an open-market or private purchase: the insider bought the securities. In Q3 2026, 5,184 non-derivative transactions carried code P, 8.7% of the total.

Grants (A), tax withholding (F) and option exercises (M) are far more common and are not purchases with the insider’s own money.

curl "https://sec-api.dev/api/v1/insider-transactions?period=2026q3&transactionCode=P&limit=10" \
  -H "Authorization: Bearer $SEC_API_KEY"

Read more

• Code P with examples
• Insider purchases by company

Related questions

• How quickly must a Form 4 be filed, and how often is it late?
• How many insider purchases were reported last quarter?

Written by sec-api.dev, updated 9 November 2026. Numbers recompute from SEC data every six hours.

Plain-text version for agents and LLMs: /questions/what-does-code-p-mean-on-form-4.md

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