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sellModerate cluster of 2

George D Milligan sold $345k of WTBA

director at WEST BANCORPORATION INC. 15,826 shares at an average of $21.82, traded Nov 21, 2025, filed Nov 25, 2025.

Warning score
43
Value
$345k
15,826 shares
Holdings after
53,195
-23% from before
From 52-week low
+25%
low $17.01, close $21.30
From 52-week high
-5%
high $22.45, as of Nov 21, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $345k at market
    +15
  • Share of holdings sold
    Sold 23% of holdings
    +5
  • Cluster
    2 insiders selling within 14 days
    +8

What happened after comparable sells

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 +1.8%, 3m +9.9%, 6m +9.8%.

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.

WTBAOct 12, 2026 · close 28.82
Since filing Nov 25, 2025: +33.1%SPY +16.5% · excess +16.6%

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 0001023710-25-000003, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 21, 2025SOpen-market sale
COMMON STOCK
-5,826$22.00$128k63,195Nov 25, 2025
Nov 24, 2025SOpen-market sale
COMMON STOCK
-10,000$21.71$217k53,195Nov 25, 2025

Related signals

Other insiders at WEST BANCORPORATION INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
34Weak
WTBAsell 2
WEST BANCORPORATION INC
Douglas R Gulling
director
$172k
7,900 shares
-10%
20Weak
WTBAbuy
WEST BANCORPORATION INC
David D Nelson
CEO & PRESIDENT
$14k
592 shares
+1%
25Weak
WTBAsell
WEST BANCORPORATION INC
Douglas R Gulling
director
$94k
4,000 shares
-5%
24Weak
WTBAbuy
WEST BANCORPORATION INC
David D Nelson
CEO & PRESIDENT
$14k
768 shares
+1%
35Weak
WTBAbuy
WEST BANCORPORATION INC
David D Nelson
CEO & PRESIDENT
$35k
2,007 shares
+2%
35Weak
WTBAbuy
WEST BANCORPORATION INC
David D Nelson
CEO & PRESIDENT
$35k
1,906 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.

George D Milligan sold $345k of WTBA | InsiderTell