Form 4 transaction code P: Purchase
Transaction code P means "Purchase." Open-market or private purchase. Read the footnotes. A real example: PIMCO MUNICIPAL INCOME FUND II reported a code-P transaction filed 2026-08-20 by BANK OF AMERICA CORP /DE/ (accession 0000070858-26-000451).
Real filed example
| Filed | Code | Reporting owner | Shares | Price / share | Accession | Source |
|---|---|---|---|---|---|---|
| PPurchase | BANK OF AMERICA CORP /DE/ | 100 | $7.45 | 0000070858-26-000451 | Filing ↗ |
How code P affects the purchase subtotal
InsiderFilingContext counts a row toward its priced purchase subtotal only when the code is P, the security is non-derivative, the row is not an amendment, and the filer role is not an investment fund. A missing price stays unknown; it is never treated as zero.
See code P rows in the workspaceFrequently asked questions
What does Form 4 transaction code P mean?
Purchase. Open-market or private purchase. Read the footnotes.
Is code P the same as an insider purchase?
Yes, code P is the purchase code; it is the one usually meant by "insider buying." Other codes (S, A, M, F, G) are not purchases.