Michael Salvati is Director at Apollo Commercial Real Estate Finance, Inc. (ARI). They have made 10 open-market trades across 2 companies since 2011, most recently 2026-08-25.
CIK 0001280439
Unrated. We grade insiders only on stock they chose to buy on the open market. Grants, option exercises and vesting say nothing about timing, so they don't count — which is why someone can file often and still have no grade. It isn't a bad sign: unrated buys beat every graded tier below A.
5 open-market purchases totalling $746K since 2011, against 5 sales. Across 5 scored buys the stock is up 6.6% at ninety days, and 0.3 points ahead of the S&P over the same stretch.
5 scored purchases · one row per filing · discretionary only
| Ticker | Shares | Value |
|---|---|---|
| ARI | 162,417 | $1.0M |
| GLPW | 25,921 | $78K |
| Total | $1.1M |
Shares reported on the most recent Form 4, priced at the 2026-08-27 close.
Counted per filing, not per execution lot — a purchase filled in several tranches is one decision.
| 7d | 30d | 90d | |
|---|---|---|---|
| Accuracy | 0% | 20% | 20% |
| Avg Move | -4.6% | +1.6% | +6.6% |
| Alpha | -1.8% | -2.6% | +0.3% |
| Scored | 5 | 5 | 5 |
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| ARI | SELL | 2026-08-25 | 2026-08-27 | $6.86 | $7K | -1.7% | -9.8% | — |
| ARI | BUY | 2020-03-17 | 2020-03-18 | $8.15 | $245K | +0.0% | +14.8% | +40.0% |
| ARI | SELL | 2019-08-21 | 2019-08-22 | $19.02 | $380K | +0.1% | +3.3% | -4.5% |
| ARI | SELL | 2018-03-26 | 2018-03-27 | $18.25 | $207K | +0.3% | +0.6% | +5.1% |
| ARI | SELL | 2018-02-21 | 2018-02-22 | $18.55 | $186K | +1.0% | -0.8% | +1.1% |
| ARI | BUY | 2015-03-10 | 2015-03-11 | $16.77 | $84K | -4.5% | -1.4% | -1.4% |
| ARI | BUY | 2014-12-02 | 2014-12-03 | $16.70 | $292K | -4.5% | -1.4% | -1.4% |
| ARI | SELL | 2014-12-01 | 2014-12-03 | $16.56 | $248K | -4.5% | -1.4% | -1.4% |
| GLPW | BUY | 2012-11-15 | 2012-11-19 | $13.95 | $56K | -9.2% | -2.6% | -2.6% |
| ARI | BUY | 2011-12-16 | 2011-12-20 | $13.87 | $69K | -4.5% | -1.4% | -1.4% |
Grouped by shared companies and similar filing behaviour. This is a similarity measure, not a ranking or a performance signal.