Q3 reporting left investors with a familiar challenge: hundreds of stocks traded lower after earnings, and only a few are worth deeper attention. Ben Silverman explains how he narrows that universe by looking at post-earnings insider behavior, focusing on where management actions diverge from prior patterns. He walks through cases such as Norwegian Cruise Line’s first executive purchase since 2016, the Sonos CEO buying again after a 45 percent rally, and Chubb’s 1.2 billion dollar buyback executed as management called shares "well below intrinsic value."
Then Christine Short, Director of Research, TMX Datalinx (https://www.tmxinfoservices.com/), examines what companies signaled before they reported through changes in their confirmed earnings dates, a form of corporate "body language." She highlights real Q3 moves including Verizon delaying its date by eight days (shares down about 3 percent after earnings) and Regeneron moving up by two days (shares up about 12 percent after results), illustrating how timing decisions can hint at the tone of upcoming announcements.
A concise look at how pre- and post-earnings behavior can shape positioning into year-end.
Verity was acquired by TMX Group in October 2025. (https://investors.tmx.com/English/News--Events/news/news-details/2025/TMX-Group-Acquires-Verity/default.aspx)
26 Sept 2025
E18. The Insider Signal Many Investors Overlook: Cessations of Selling
The old rule — "selling bad, buying good" — misses a lot today. Insider behavior now includes plan-driven sales, comp mechanics, shifting blackout policies, and more. For example, one insider signal isn't a buy or a sell at all, but a pause in selling.
Key questions that emerge:
· How do you find positive signals at companies where insiders never buy stock?
· What does it mean when executives who sell millions regularly suddenly stop?
In this episode, Ben Silverman and Senior Analyst Max Magee examine the "cessation selling" phenomenon through 3 key examples:
· Microsoft: First pause in insider selling since 2004 — stock up 40% since the signal.
· Expedia: Five-year selling streak ends at $150/share — stock rebounds to $225.
· Tableau Software: Co-founders cancel $35-50 million sale plans — company acquired months later at premium.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
30 Jun 2025
Seeing Strategy in the Pay Package: What Executive Incentive Comp Can Tell Investors
Senior Analyst Amy Pessetto reveals to host Ben Silverman how executive compensation packages provide insights into a company's strategic priorities, offering investors a unique perspective in this interview.
28 Mar 2025
E16. Getting Good Investment Intel in a World of Uncertainty: How to Use Insider Activity, Buybacks, & More
Inflation, tariffs, recession fears, and major policy shifts. Today’s market is clouded with uncertainty. But when good information is hard to come by, insider moves can provide clarity. Join Ben Silverman and Verity Senior Analyst Max Magee as they uncover how insider buying, selling, corporate buybacks, and executive compensation can help guide investors through volatile times.
Tickers discussed: ORCL, JBHT, MPC, BAH
In this episode, Ben and Max explore:
Oracle’s unexpected insider purchase amid speculation of a TikTok deal and historical ties to government contracts.
JB Hunt’s logistics executive placing a substantial $10 million bet despite tariff uncertainties.
Marathon Petroleum’s insider action signaling optimism amid energy sector turbulence.
Defense contractors like Booz Allen strategically responding to market headlines through insider buying.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
20 Dec 2024
E15. 4 Post-Election Insider Signals You May Have Missed
Ben Silverman breaks down four insider selling signals that may indicate a market shift, revealing what corporate leaders saw that others missed in the 2024 election aftermath.
27 Sept 2024
E14. How Investors Outsmart Corporate Buybacks
How Investors Outsmart Corporate Buybacks
Buybacks are bigger than ever. How can investors outsmart the pitfalls of corporate buybacks and find edge?
In this episode of Differentiated, host Ben Silverman dives deep into the nuances of corporate share buybacks with guest Michael Seigne from Candor Partners — whose insights have been featured in the Wall Street Journal, Financial Times, and more. Listen for essential insights into the execution of buybacks and the potential pitfalls that can arise, particularly around hidden costs, inefficiencies, and misaligned incentives. Through real-world examples, like those at General Motors, Microsoft, Apple, and more, discover the importance of smart, nuanced buyback strategies.
Tickers Discussed: GM, F, MSFT, AAPL, ASML, RTX
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
2 Aug 2024
E13. Top Insider Moves of 2024 (So Far)
Discover insiders to watch this year. Learn the data points and analyses that flagged their activities as worthy of investor attention: wild sentiment reversal, high-IQ cluster buying, & more. Plus, Ben answers a smart question from a listener: Do insiders only buy when they think the stock is undervalued, or do they sometimes buy to try to get the stock moving?
Tickers discussed: THR, SWKS, PLAY, APPN, LEVI
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
7 Jun 2024
E12. How to Get Edge With New Insider Activity Data
New SEC disclosures are giving investors edge. This episode, Ben shares how sweeping changes to rule 10b5-1 have played out in the last year, giving investors more data, context, and insights related to corporate insider activity. Learn material nuances of the rule change, what it means, and hear three real-world examples, including opportunistic activity from JPMorgan Chase (JPM) CEO Jaime Dimon, Rivian (RIVN) Founder RJ Scaringe, and Shockwave Medical (SWAV) CEO Doug Godshall.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
1 Apr 2024
E11. Hidden Signals That Can Reveal Short Ideas
Investors who can source conflict, mixed messages, or negative data points in their research process are at an advantage. In this episode, Ben shares a few hidden signals — revealed in insider selling activity, buyback programs, and earnings call sentiment — that can fuel short ideas. Examples include Snowflake (SNOW), Palo Alto Networks (PANW), PayPal (PYPL), and Skechers (SKX). Finally, Ben opens the mailbag and shares a recent question he got from a client regarding the opportunistic timing of one executive’s resignation announcement.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
23 Feb 2024
E10. 6 Things All Investors Should Know About Insider Selling
How should investors interpret insider selling? There are a lot of data points: timing, size, past behavior, company culture, 10b5-1 context, and more. What’s signal? What’s noise?
In this episode, Ben shares 6 truths about insider selling. He weaves in illustrative examples of recent insider selling from Meta Platforms (META) CEO Mark Zuckerberg, PlanetLabs (PL) CEO Ashley Johnson, Netflix (NFLX) CEO Spencer Newman, Build-a-Bear Workshop (BBW) CEO Sharon John, Former General Electric (GE) CEO Jeffrey Immelt, and more.
Plus, Ben answers a great question he got recently from a VerityData hedge fund client: “If an insider targets a specific price, is that always bad?“
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
18 Dec 2023
E9. 6 Corporate Insiders to Watch in 2024
This month, Ben looks back at the year in insider buying and selling activity. From the long list of insiders active in 2023, Ben selects a shortlist of the best-performing execs and directors. These six insiders displayed well-timed and opportunistic behavior that should put them on the radar of investors wanting to generate ideas, manage risk, and have more edge in 2024.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
27 Oct 2023
E8. What's a Modern Earnings Workflow? GenAI, Redlines, Search, & More
What does a modern earnings workflow look like? This month, Ben and guests discuss the challenge of absorbing torrential amounts of information during earnings — from the press release to the 10-K/Q disclosure to the call transcript. Plus, go behind the scenes with the VerityData analyst developing genAI tools (including AI-generated transcript summaries) designed to help analysts stay on top of it all.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
22 Sept 2023
E7. Top Investment Ideas of 2023 (So Far)
Ben and guests look back at a handful of this year's winning investment ideas and analyze intriguing ideas from the recent past. Plus, what does it mean when insiders at a company suddenly stop selling stock? Listen for the signals.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
17 Aug 2023
E6. Beyond Fundamentals: How Analysts Find Edge Across the Mosaic of Insider Datasets
Ben and guests dive into popular insider datasets — corporate buybacks, insider buying & selling, stock-based compensation — and share recent examples where multiple factors came together for a differentiated view. Plus, the errors of sell-side short research. Tickers mentioned: THC, MMS, IBP, CVGW, IMGN
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
20 Jun 2023
E5. New Form 144 Data: The Good, the Bad, & the Opportunistic
Ben and Senior Analyst Max Magee discuss benefits and drawbacks for investors who want to take advantage of recent changes to Form 144s. With the changes, investors are getting more data around insider intent to sell, but how should you include it in your mosaic?
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
25 May 2023
E4. How Investors Can Take Advantage of New Company Buyback Data
Ben and Senior Analyst Ali Ragih, CFA, discuss how investors can take advantage of the new buyback data that will become available once SEC's new buyback disclosure requirements come into effect. Ben dives into a recent example where one company capitalized on its 10b5-1 plan, sending valuation signals to any investors who were paying attention.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
14 Apr 2023
E3. Equity Gifts, Stock Valuation Signals, & the Banking Meltdown
Ben and Senior Analyst Ali Ragih talk about equity gifts by corporate insiders, why they are important transactions, and how to incorporate them into your analysis when screening for investment ideas. Plus, how banking insiders signaled with company stock purchases in the wake of the SVB Financial meltdown.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
17 Mar 2023
E2. Interesting Insiders & New 10b5-1 Opportunities
Ben is joined by Analyst & 10b5-1 Expert C. Max Magee to discuss Rule 10b5-1 — what it is, how it provides institutional investors with unique insights, and which of the SEC’s many changes you should pay attention to. Finally, Ben shares recent examples of corporate insider activity to highlight how the SEC may or may not actually curtail certain behaviors.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com/).
13 Feb 2023
E1. Records, Buybacks, & the Curious Case of Coupa Software
This month Ben talks about a truly strange insider trend that happened; discusses how investors can include company stock buybacks in fundamental analysis (with guest Ali Ragih, CFA), and covers the curious case of Coupa Software — where a huge payday for the CEO may have offered insight into an upcoming M&A deal.
Edited, mixed, and scored by Calvin Marty (https://www.calvinmarty.com).
Who has been a guest on Differentiated With Ben Silverman
Names identified in recent episode analyses. Showing up to five guests.
Amy Pessetto
CEO of Griffin Corp
Cruise president (GM)
insider at CoreCivic
HR chief at Wolverine Worldwide
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
5.0 / 5
5 ratings
Spotify
5.0 / 5
6 ratings
Podcast Authority Score: 46 / 100
A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.
Quality
67
Social presence
0
YouTube
0
Engagement
60
Contact Differentiated With Ben Silverman
Guest appearances
Books guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Questions about Differentiated With Ben Silverman
Who hosts Differentiated With Ben Silverman?
Ben Silverman host the show. Published by VerityData.
How often do new episodes come out?
The show publishes weekly, based on its RSS feed.
Does Differentiated With Ben Silverman take guests?
Yes. Guests have been identified in episode analyses.
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