Wilks Brothers, LLC, Ten Percent Owner Other, 10% Owner at Approach Resources Inc (AREX), bought 750,000 shares at $2.71 ($2.1M) on 2017-12-19, disclosed to the SEC on 2017-12-22.
Open-market purchase of $2.1M 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 | $2.71 | 200,000 | $542K | 25.9% |
| 2 | $2.72 | 150,000 | $408K | 19.5% |
| 3 | $2.72 | 150,000 | $408K | 19.5% |
| 4 | $2.95 | 250,000 | $738K | 35.2% |
| Total | $2.79 avg | 750,000 | $2.1M | 100% |
| Filing → |
| AREX | BUY | 2017-12-13 | $2.4M | — | Filing → |
| AREX | BUY | 2017-06-26 | $242K | — | Filing → |
| AREX | BUY | 2017-06-21 | $983K | — | Filing → |