Wilks Brothers, LLC, Ten Percent Owner Other, 10% Owner at Approach Resources Inc (AREX), bought 350,000 shares at $3.20 ($1.1M) on 2018-01-03, disclosed to the SEC on 2018-01-05.
Open-market purchase of $1.1M AREX by Ten Percent Owner Other, 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history). Context: insider career grade B.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $3.20 | 150,000 | $480K | 43.1% |
| 2 | $3.19 | 100,000 | $319K | 28.6% |
| 3 | $3.15 | 100,000 | $315K | 28.3% |
| Total | $3.18 avg | 350,000 | $1.1M | 100% |
| Filing → |
| AREX | BUY | 2017-12-13 | $2.4M | — | Filing → |
| AREX | BUY | 2017-06-26 | $242K | — | Filing → |
| AREX | BUY | 2017-06-21 | $983K | — | Filing → |