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buyModerate cluster of 5

Jason D Papastavrou bought $228k of REFI

director at Chicago Atlantic Real Estate Finance, Inc.. 18,000 shares at an average of $12.65, traded Oct 15, 2025, filed Oct 16, 2025.

Conviction score
59
Value
$228k
18,000 shares
Holdings after
3,000
+46% from before
From 52-week low
+5%
low $10.26, close $10.75
From 52-week high
-13%
high $12.42, as of Oct 15, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $228k at market
    +13
  • Relative to holdings
    Holdings up 46%
    +6
  • Price context
    5% above the 52-week low
    +10
  • Cluster
    5 insiders buying within 14 days
    +15
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +1.9%, 3m +5.8%, 6m +3.1%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

REFIOct 12, 2026 · close 9.35
Since filing Oct 16, 2025: -11.2%SPY +19.0% · excess -30.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001193125-25-241640, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Oct 15, 2025POpen-market purchase
Common Stock
+10,000$12.62$126k49,546Oct 16, 2025
Oct 15, 2025POpen-market purchase
Common Stockindirect: By Self as Trustee for Michael Athans Trust
+5,000$12.71$64k5,000Oct 16, 2025
Oct 15, 2025POpen-market purchase
Common Stockindirect: By Self as Custodian for Michael Athans
+3,000$12.68$38k3,000Oct 16, 2025

Related signals

Other insiders at Chicago Atlantic Real Estate Finance, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
66Notable
REFIbuy 3
Chicago Atlantic Real Estate Finance, Inc.
John Mazarakis
Executive Chairman
$509k
47,711 shares
+10%
30Weak
REFIbuy 3
Chicago Atlantic Real Estate Finance, Inc.
John Mazarakis
Executive Chairman
$1,547
145 shares
+0%
56Moderate
REFIbuy 3
Chicago Atlantic Real Estate Finance, Inc.
Peter Sack
Co-Chief Executive Officer
$52k
5,000 shares
+4%
74Notable
REFIbuy 3
Chicago Atlantic Real Estate Finance, Inc.
Anthony Cappell
Co-Chief Executive Officer
$468k
45,000 shares
+11%
60Notable
REFIbuy 3
Chicago Atlantic Real Estate Finance, Inc.
John Mazarakis
Executive Chairman
$256k
25,000 shares
+6%
64Notable
REFIbuy 5
Chicago Atlantic Real Estate Finance, Inc.
John Mazarakis
Executive Chairman
$102k
8,000 shares
+2%
67Notable
REFIbuy 5
Chicago Atlantic Real Estate Finance, Inc.
Peter Sack
Co-Chief Executive Officer
$101k
8,150 shares
+11%
59Moderate
REFIbuy 5
Chicago Atlantic Real Estate Finance, Inc.
Brandon Konigsberg
director
$86k
7,000 shares
+34%
60Notable
REFIbuy 5
Chicago Atlantic Real Estate Finance, Inc.
David Kite
Chief Operating Officer
$63k
5,000 shares
+9%
55Moderate
REFIbuy 5
Chicago Atlantic Real Estate Finance, Inc.
John Mazarakis
Executive Chairman
$93k
7,500 shares
+2%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Jason D Papastavrou bought $228k of REFI | InsiderTell