Richard E. Thornburgh is Director at NewStar Financial, Inc. (NEWS). They have made 8 open-market trades across 5 companies since 2006, most recently 2026-06-10.
CIK 0001369635
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 $1.1M since 2006, against 3 sales. Too few scored purchases to measure a record yet.
| Ticker | Shares | Value |
|---|---|---|
| NEWS | 154,293 | $1.8M |
| RPAY | 181,751 | $736K |
| CSTR | 19,159 | $385K |
| RAI | 5,000 | $327K |
| MHFI | 1,300 | $140K |
| NCC | 2,000 | — |
| MHP | 5,000 | — |
| Total | $3.4M |
Shares reported on the most recent Form 4, priced at the 2026-06-12 close. 2 holdings could not be priced and are excluded from the total.
Counted per filing, not per execution lot — a purchase filled in several tranches is one decision.
| Ticker | Type | Traded | Filed | Price | Value | 7d Stock | 30d Stock | 90d Stock |
|---|---|---|---|---|---|---|---|---|
| RPAY | SELL | 2025-11-17 | 2025-11-19 | $3.50 | $16K | +9.6% | +21.9% | -1.9% |
| RPAY | BUY | 2022-05-18 | 2022-05-20 | $11.31 | $51K | +5.5% | -4.9% | -24.2% |
| RPAY | BUY | 2020-03-18 | 2020-03-20 | $15.53 | $258K | +14.3% | +27.1% | +117.1% |
| CSTR | SELL | 2016-09-21 | 2016-09-23 | $15.00 | $3K | +6.1% | +6.2% | +26.9% |
| RAI | SELL | 2015-11-02 | 2015-11-02 | $48.16 | $482K | +4.3% | -0.5% | +10.0% |
| RAI | BUY | 2011-12-13 | 2011-12-14 | $40.94 | $205K | +4.3% | -0.5% | -0.5% |
| MHP | BUY | 2011-12-13 | 2011-12-15 | $42.85 | $214K | N/A | N/A | N/A |
| NEWS | BUY | 2006-12-19 | 2006-12-21 | $17.00 | $340K | -9.9% | -4.2% | -4.2% |
Grouped by shared companies and similar filing behaviour. This is a similarity measure, not a ranking or a performance signal.