About.
What this is. Founder Led Equities shows what the chief executive of every US public company worth $200 million or more owns of the company they run: the share, in percent and in dollars, as of their newest filing, and how that share has moved through every purchase and sale since 2016. About 2,100 companies are covered. Roughly 300 of them are run by a founder, meaning the company's own proxy statement says so, and those are the ones the site is about.
What ownership means here
The shares the chief executive reports owning on their SEC filings, directly and through trusts, family and holding companies, across every class of stock, divided by the company’s shares outstanding from its latest 10-Q or 10-K cover page. Shares held by a foundation or a vehicle the person has no economic interest in are left out, read from the filing’s own footnotes.
Options are never counted; a right to buy a share is not a share. Restricted stock units are counted when the executive’s filing counts them: most filers report units on a separate line until they vest, and those are not counted until they vest; some filers report units as common stock from the day they are granted, and the site follows the filing, so for those companies the figure includes units that have not yet vested. The company page says which.
The site’s figure is not the proxy statement’s. A proxy adds shares a person could acquire within sixty days and omits units vesting later; this site shows what the filing says is owned today. The two usually agree for a founder and can differ for a hired chief executive whose holding is mostly recent grants.
A company whose chief executive holds the business through partnership units exchangeable into the stock (an “Up-C” or a REIT’s operating partnership) is left out of the site unless the filings prove the paired voting shares count the units one for one; the number the site cannot compute honestly it does not show. When a filing leaves a gap the record cannot reconcile, the page says so rather than guessing.
Where the numbers come from
Every figure is computed from the forms insiders sign with the SEC (Forms 3, 4 and 5), read from EDGAR by a pipeline that runs every night. Nothing is estimated and nothing is copied from a third party. Every number on a company page links to the filing it came from.
What a trade means here
Every purchase and sale is classified by what the person actually decided:
- Boughtshares bought on the open market, with their own money.
- Discretionaryshares sold at a time the person chose.
- Plannedshares sold under a plan set months earlier (Rule 10b5-1); the decision was made long before the sale.
- Compensationoptions exercised and sold, or shares withheld for tax; the stake did not move the way a purchase or sale moves it.
- Transfershares given away or moved between the person’s own accounts; no money changed hands.
What counts as a move. One rule, used by the activity page’s “Moved the stake” chip and the alerts on a company page: an open-market purchase or a discretionary sale of any size, or any other filing (a planned sale, a grant, a gift, an exercise) that changes the holding by 1% or more, measured against the holding itself, not the company. A share count restated on a cover page is not a move.
The distinction is the point. A founder who buys, or who sells outside a plan, has decided something this week. A planned sale was decided last year.
Why
The person running a company is the one insider whose stake is a statement about it. Whether they still own it, and what they did about it this week, is public in the filings but hard to read there. This site reads them.
Every company, every stake, every trade, every alert and every export on this site is free. Nothing here is investment advice. If a number here is wrong, write to [email protected] with the filing, and it will be read.