Form 4 transaction code S: Sale
Transaction code S means "Sale." An open-market or private sale, not a purchase. A real example: Apple Inc. reported a code-S transaction filed 2026-09-24 by Newstead Jennifer (accession 0001140361-26-037584).
Real filed example
| Filed | Code | Reporting owner | Shares | Price / share | Accession | Source |
|---|---|---|---|---|---|---|
| SSale | Newstead Jennifer | 2,399 | $340.06 | 0001140361-26-037584 | Filing ↗ |
How code S affects the purchase subtotal
InsiderFilingContext keeps code-S rows visible but excludes them from the priced purchase subtotal, because sale activity is not an open-market purchase. Sales are tracked separately in the buy/sell dollar-volume table.
See code S rows in the workspaceFrequently asked questions
What does Form 4 transaction code S mean?
Sale. An open-market or private sale, not a purchase.
Is code S the same as an insider purchase?
No. Only code P marks an open-market or private purchase. This code describes a different kind of transaction and should not be read as insider buying.