{"id":"P000048","trades":[{"date":"2021-01-19","filed":"2021-08-03","ticker":"STLA","issuer":"Stellantis N.V. Common Shares","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"spouse","sector":"Consumer Discretionary","late":true,"trade_id":"H20019227-010","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-01-19","filed":"2021-08-03","ticker":"STLA","issuer":"Stellantis N.V. Common Shares","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"self","sector":"Consumer Discretionary","late":true,"trade_id":"H20019227-011","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-03-31","filed":"2021-08-03","ticker":"BAC","issuer":"Bank of America Corporation","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"spouse","sector":"Financials","late":true,"trade_id":"H20019227-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.015551},{"date":"2021-03-31","filed":"2021-08-03","ticker":"FNF","issuer":"FNF Group of Fidelity National Financial, Inc.","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"self","sector":"Financials","late":true,"trade_id":"H20019227-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.027482},{"date":"2021-03-31","filed":"2021-08-03","ticker":"ICE","issuer":"Intercontinental Exchange Inc.","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"self","sector":"Financials","late":true,"trade_id":"H20019227-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.014426},{"date":"2021-03-31","filed":"2021-08-03","ticker":"ICE","issuer":"Intercontinental Exchange Inc.","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Financials","late":true,"trade_id":"H20019227-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.014426},{"date":"2021-03-31","filed":"2021-08-03","ticker":"LSXMK","issuer":"Liberty Media Corporation - Series C Liberty SiriusXM","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":null,"late":true,"trade_id":"H20019227-005","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-03-31","filed":"2021-08-03","ticker":"FUND","issuer":"Sprott Focus Trust, Inc. - Closed End Fund","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":null,"late":true,"trade_id":"H20019227-006","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":-0.001155},{"date":"2021-03-31","filed":"2021-08-03","ticker":"FUND","issuer":"Sprott Focus Trust, Inc. - Closed End Fund","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"self","sector":null,"late":true,"trade_id":"H20019227-007","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":-0.001155},{"date":"2021-03-31","filed":"2021-08-03","ticker":"STLA","issuer":"Stellantis N.V. Common Shares","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Consumer Discretionary","late":true,"trade_id":"H20019227-008","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.047751},{"date":"2021-03-31","filed":"2021-08-03","ticker":"STLA","issuer":"Stellantis N.V. Common Shares","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"spouse","sector":"Consumer Discretionary","late":true,"trade_id":"H20019227-009","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.047751},{"date":"2021-03-31","filed":"2021-08-03","ticker":"WFC","issuer":"Wells Fargo & Company","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Financials","late":true,"trade_id":"H20019227-012","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019227.pdf","in_jurisdiction":false,"car_5":0.014156},{"date":"2022-04-11","filed":"2022-05-25","ticker":"WBD","issuer":"Warner Bros. Discovery, Inc. - Series A","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20021108-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021108.pdf","in_jurisdiction":false,"car_5":null},{"date":"2022-04-11","filed":"2022-05-25","ticker":"WBD","issuer":"Warner Bros. Discovery, Inc. - Series A","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"spouse","sector":null,"late":false,"trade_id":"H20021108-005","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021108.pdf","in_jurisdiction":false,"car_5":null},{"date":"2022-04-12","filed":"2022-05-25","ticker":"LSXMK","issuer":"Liberty Media Corporation - Series C Liberty SiriusXM","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20021108-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021108.pdf","in_jurisdiction":false,"car_5":null},{"date":"2022-04-12","filed":"2022-05-25","ticker":"MSFT","issuer":"Microsoft Corporation","asset_type":"stock","direction":"sell","amount":[15001,50000],"owner":"self","sector":"Information Technology","late":false,"trade_id":"H20021108-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021108.pdf","in_jurisdiction":true,"car_5":0.004251},{"date":"2022-04-12","filed":"2022-05-25","ticker":"WBD","issuer":"Warner Bros. Discovery, Inc. - Series A","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20021108-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2022/20021108.pdf","in_jurisdiction":false,"car_5":null},{"date":"2024-09-10","filed":"2025-08-13","ticker":"SIRI","issuer":"SiriusXM Holdings Inc. - Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"spouse","sector":"Communication Services","late":true,"trade_id":"H20030737-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20030737.pdf","in_jurisdiction":true,"car_5":null},{"date":"2024-09-10","filed":"2025-08-13","ticker":"SIRI","issuer":"SiriusXM Holdings Inc. - Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"self","sector":"Communication Services","late":true,"trade_id":"H20030737-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20030737.pdf","in_jurisdiction":true,"car_5":null},{"date":"2025-01-13","filed":"2025-02-15","ticker":"WBD","issuer":"Warner Bros. Discovery, Inc. - Series A Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"spouse","sector":null,"late":false,"trade_id":"H20021220-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20021220.pdf","in_jurisdiction":false,"car_5":null},{"date":"2025-07-01","filed":"2025-07-23","ticker":"LLYVK","issuer":"Liberty Media Corporation - Series C Liberty Live Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Communication Services","late":false,"trade_id":"H20030714-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20030714.pdf","in_jurisdiction":true,"car_5":0.05262},{"date":"2025-07-01","filed":"2025-07-23","ticker":"SIRI","issuer":"SiriusXM Holdings Inc. - Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Communication Services","late":false,"trade_id":"H20030714-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20030714.pdf","in_jurisdiction":true,"car_5":-0.020609},{"date":"2025-07-01","filed":"2025-07-23","ticker":"DIS","issuer":"Walt Disney Company","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Communication Services","late":false,"trade_id":"H20030714-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20030714.pdf","in_jurisdiction":true,"car_5":0.035079},{"date":"2025-12-16","filed":"2026-01-20","ticker":"FWONK","issuer":"Liberty Media Corporation - Series C Liberty Formula One Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"dependent","sector":"Communication Services","late":false,"trade_id":"H20033804-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20033804.pdf","in_jurisdiction":true,"car_5":null},{"date":"2025-12-16","filed":"2026-01-20","ticker":"LLYVK","issuer":"Liberty Media Corporation - Series C Liberty Live Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"dependent","sector":"Communication Services","late":false,"trade_id":"H20033804-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20033804.pdf","in_jurisdiction":true,"car_5":null},{"date":"2026-01-12","filed":"2026-02-11","ticker":"FNF","issuer":"Fidelity National Financial, Inc. Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Financials","late":false,"trade_id":"H20033920-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20033920.pdf","in_jurisdiction":false,"car_5":0.008839},{"date":"2026-01-13","filed":"2026-02-11","ticker":"SIRI","issuer":"SiriusXM Holdings Inc. - Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"dependent","sector":"Communication Services","late":false,"trade_id":"H20033920-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20033920.pdf","in_jurisdiction":true,"car_5":-0.000079},{"date":"2026-02-10","filed":"2026-03-19","ticker":"WBD","issuer":"Warner Bros. Discovery, Inc. - Series A Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20034054-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034054.pdf","in_jurisdiction":false,"car_5":null},{"date":"2026-03-13","filed":"2026-04-15","ticker":"UHALB","issuer":"Amerco - Series N Non-Voting","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"self","sector":null,"late":false,"trade_id":"H20034348-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034348.pdf","in_jurisdiction":false,"car_5":null},{"date":"2026-03-13","filed":"2026-04-15","ticker":"BRK.B","issuer":"Berkshire Hathaway Inc. New Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"self","sector":"Financials","late":false,"trade_id":"H20034348-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034348.pdf","in_jurisdiction":false,"car_5":-0.005564},{"date":"2026-03-13","filed":"2026-04-15","ticker":"DMLP","issuer":"Dorchester Minerals, L.P. - Common Units Representing Limited Partnership Interests","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"self","sector":"Energy","late":false,"trade_id":"H20034348-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034348.pdf","in_jurisdiction":true,"car_5":0.034504},{"date":"2026-03-13","filed":"2026-04-15","ticker":"EPD","issuer":"Enterprise Products Partners L.P. Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"self","sector":"Utilities","late":false,"trade_id":"H20034348-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034348.pdf","in_jurisdiction":true,"car_5":0.023809},{"date":"2026-03-13","filed":"2026-04-15","ticker":"KRP","issuer":"Kimbell Royalty Partners Common Units Representing Limited Partner Interests","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"self","sector":"Energy","late":false,"trade_id":"H20034348-005","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034348.pdf","in_jurisdiction":true,"car_5":0.020885},{"date":"2026-03-13","filed":"2026-04-15","ticker":"VNOM","issuer":"Viper Energy, Inc. - Class A Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"self","sector":"Energy","late":false,"trade_id":"H20034348-006","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034348.pdf","in_jurisdiction":true,"car_5":0.1056},{"date":"2026-08-20","filed":"2026-09-14","ticker":"CHTR","issuer":"Charter Communications, Inc. - Class A Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"dependent","sector":"Communication Services","late":false,"trade_id":"H20035432-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20035432.pdf","in_jurisdiction":true,"car_5":null},{"date":"2026-08-20","filed":"2026-09-14","ticker":"CHTR","issuer":"Charter Communications, Inc. - Class A Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"self","sector":"Communication Services","late":false,"trade_id":"H20035432-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20035432.pdf","in_jurisdiction":true,"car_5":null},{"date":"2026-08-20","filed":"2026-09-14","ticker":"LBRDK","issuer":"Liberty Broadband Corporation - Class C Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20035432-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20035432.pdf","in_jurisdiction":false,"car_5":null},{"date":"2026-08-20","filed":"2026-09-14","ticker":"LBRDK","issuer":"Liberty Broadband Corporation - Class C Common Stock","asset_type":"stock","direction":"exchange","amount":[1001,15000],"owner":"dependent","sector":null,"late":false,"trade_id":"H20035432-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20035432.pdf","in_jurisdiction":false,"car_5":null}],"tests":[{"id":"T1","reading":"does_not_fit","evidence":"descriptive","summary":"73% of 26 trades were in the lowest disclosure band ($1,001-$15,000).","detail":"Lowest-band share 0.731, 90% Wilson [0.571, 0.847]. No firm-event calendar, so the event-linked size gap was not computed.","estimate":{"label":"Lowest-band share","value":0.730769,"ci":[0.571118,0.84692],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":26,"lowest_band_share":0.730769,"lowest_band_ci":[0.571118,0.84692],"share_over_50k":0,"max_z":0}},{"id":"T2","reading":"open_question","evidence":"statistical","summary":"18 different companies; the effective number of equally sized positions is 12 and trading spans 65% of maximum sector diversity.","detail":"Dollar HHI 0.082 (identified set [0.056, 0.164]); trade-count HHI 0.065 vs. 95th percentile 0.047 of 26 random draws from all congressional trades (p = 0.002). Normalized sector entropy 0.65 [0.64, 0.71]. Top three issuers (BRK.B, DMLP, UHALB) carry at least 8% of dollar volume.","estimate":{"label":"Effective number of issuers","value":12.125839,"ci":[6.109046,18],"ci_level":0.9,"unit":"count"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":26,"issuers":18,"hhi_mid":0.082469,"hhi_bounds":[0.055556,0.163692],"n_eff":12.125839,"hhi_count":0.065089,"peer_benchmark_p95":0.047337,"peer_benchmark_p":0.002,"sector_entropy":0.64783,"sector_entropy_ci":[0.640537,0.711928],"top3_share_lower":0.084911,"top3":["BRK.B","DMLP","UHALB"],"top3_tied_to_events":false}},{"id":"T3","reading":"does_not_fit","evidence":"statistical","summary":"50% of trading days were batches of three or more companies; 0% of trades look routine; 0.0% of trades came within five trading days before a large company-specific move (chance alone: 3.8%).","detail":"Batch-day share 4/8, Wilson [0.25, 0.75]; index of dispersion 6.06 (chi-square p = 0); routine share 0.00 (portfolio-routine or Cohen-Malloy-Pomorski two-year rule). Proximity share 0.000 vs. circular-shift null mean 0.038, p = 1.000.","estimate":{"label":"Batch-day share","value":0.5,"ci":[0.248642,0.751358],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":1,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":26,"trade_days":8,"batch_share_trades":0.846154,"batch_day_share":0.5,"batch_day_ci":[0.248642,0.751358],"dispersion_index":6.061503,"dispersion_p":0,"routine_share":0,"proximity_share":0,"proximity_null_mean":0.037922,"proximity_null_p95":0.115385,"proximity_p":1,"proximity_nonroutine":0,"proximity_routine":0}},{"id":"T4","reading":"open_question","evidence":"statistical","summary":"Across 20 priced trades, purchases and sales moved 1.22% in the trade's direction relative to the market over the next month on average.","detail":"Mean signed CAR(1,21) = 0.0122; 90% KP interval [-0.0529, 0.0774]; t_BMP = 0.37, r-bar = 0.193, t_KP = 0.15, Patell Z = 0.27, Corrado Z = 0.88. Dollar-weighted identified set [-0.0344, 0.0364]. Calendar-time alpha 13.25%/yr (NW t = 0.49, 106 days).","estimate":{"label":"Mean signed 21-day CAR","value":0.012237,"ci":[-0.052906,0.07738],"ci_level":0.9,"unit":"return"},"power_limited":false,"screen":false,"p_value":0.44012,"p_holm":1,"q_bh":0.982752,"robust":true,"robustness":[{"variant":"Horizon 5 days","reading":"open_question","value":0.021928},{"variant":"Horizon 63 days","reading":"open_question","value":0.009709},{"variant":"Excluding largest batch date","reading":"open_question","value":-0.004018},{"variant":"Self-owned accounts only","reading":"open_question","value":0.010272},{"variant":"Dollar-weighted (bounds)","reading":"open_question","value":0.036409},{"variant":"Calendar-time alpha (annualized)","reading":null,"value":0.132457}],"sources":[],"stats":{"n":20,"theta":0.012237,"ci":[-0.052906,0.07738],"p":0.44012,"t_kp":0.152705,"rbar":0.192721,"se_cs":0.015678,"se_kp":0.037674,"t_cs":0.780558,"t_bmp":0.366956,"patell_z":0.269784,"corrado_z":0.884965,"dollar_weighted_bounds":[-0.034428,0.036409],"calendar_time":{"alpha_daily":0.000526,"se":0.001073,"days":106,"t":0.489967,"p_one_sided":0.312079},"calendar_alpha_ci":[-0.001329,0.002381],"by_horizon":{"5":{"n":20,"theta":0.021928,"ci":[-0.0037,0.047557],"p":0.05659,"t_kp":1.660731,"rbar":0.192721,"se_cs":0.006168,"se_kp":0.014821,"t_cs":3.555315,"t_bmp":3.990799,"patell_z":2.616563,"corrado_z":2.669106},"21":{"n":20,"theta":0.012237,"ci":[-0.052906,0.07738],"p":0.44012,"t_kp":0.152705,"rbar":0.192721,"se_cs":0.015678,"se_kp":0.037674,"t_cs":0.780558,"t_bmp":0.366956,"patell_z":0.269784,"corrado_z":0.884965},"63":{"n":20,"theta":0.009709,"ci":[-0.062142,0.08156],"p":0.404816,"t_kp":0.244282,"rbar":0.192721,"se_cs":0.017292,"se_kp":0.041553,"t_cs":0.561479,"t_bmp":0.587019,"patell_z":0.281703,"corrado_z":0.721981}}}},{"id":"T5","reading":"not_assessed","evidence":"descriptive","summary":"No market-wide shocks or documented events fell within five trading days after the member's trades.","detail":"No market-wide shocks or documented events fell within five trading days after the member's trades.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n_episodes":0}},{"id":"T6","reading":"not_assessed","evidence":"not_computed","summary":"No documentary record of trading arrangements or absence periods was available.","detail":"No documentary record of trading arrangements or absence periods was available.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{}},{"id":"T7","reading":"does_not_fit","evidence":"descriptive","summary":"0 of 38 trades (0.0%) were disclosed late; median lag 40 days. Another 14 were over 45 days from the trade but filed within 30 days of the stated notification date.","detail":"Late share 0.000, Wilson [0.000, 0.066]; 90th percentile lag 146 days; longest 337 days.","estimate":{"label":"Late share","value":0,"ci":[0,0.066466],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":false,"robustness":[{"variant":"Late from the trade date alone, ignoring notification dates","value":0.368421,"reading":"open_question"}],"sources":[],"stats":{"n":38,"amendment_rows_excluded":0,"late":0,"late_from_trade":14,"excused_by_notification":14,"late_share":0,"late_ci":[0,0.066466],"median_lag":40,"p90_lag":146.3,"max_lag":337,"filings":10,"late_filings":0,"late_priced":0,"timely_priced":20,"late_priced_dates":0}},{"id":"T8","reading":"open_question","evidence":"descriptive","summary":"72% of the member's mapped trading by dollar value was in industries their committees oversee, against 35% for a comparable benchmark.","detail":"Committees HSHM, HSIF; jurisdiction sectors Aerospace & Defense, Application Software, Automobile Manufacturers, Communication Services, Energy, Health Care, Interactive Media & Services, Systems Software, Tobacco, Utilities. Dollar share 0.723 (identified set [0.317, 0.931], bootstrap 0.418-0.969); benchmarks S&P 500 0.343, congressional peers 0.349.","estimate":{"label":"Jurisdiction excess share","value":0.374228,"ci":[0.068716,0.620114],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":18,"in_jurisdiction_trades":9,"share":0.723053,"share_bounds":[0.317294,0.930906],"share_ci":[0.41754,0.968938],"benchmark_sp500":0.342574,"benchmark_peers":0.348824,"excess":0.374228,"excess_ci":[0.068716,0.620114],"committees":["HSHM","HSIF"],"jurisdiction_sectors":["Aerospace & Defense","Application Software","Automobile Manufacturers","Communication Services","Energy","Health Care","Interactive Media & Services","Systems Software","Tobacco","Utilities"],"regression_error":"Error evaluating factor: TypeError: 'module' object is not callable\n    y ~ J + C(sector) + C(month)\n            ^^^^^^^^^","gamma1":null,"gamma1_ci":[null,null],"gamma1_p":null}},{"id":"T9","reading":"not_assessed","evidence":"descriptive","summary":"9 priced trades fell in affected industries in the 30 days before the member's committee events and 11 did not; at least 10 of each are needed to compare them.","detail":"9 priced trades fell in affected industries in the 30 days before the member's committee events and 11 did not; at least 10 of each are needed to compare them.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":9,"n_other":11,"events":4258}},{"id":"T10","reading":"not_assessed","evidence":"descriptive","summary":"No documented scrutiny date; the estimated change point in trading activity is shown for reference.","detail":"No documented scrutiny date; the estimated change point in trading activity is shown for reference. Estimated change point 2026-01-12 (permutation p = 0.006).","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"changepoint":"2026-01-12","changepoint_LR":16.057491,"changepoint_p":0.006,"tradeday_rate_before":0.003205,"tradeday_rate_after":0.088889}},{"id":"T11","reading":"does_not_fit","evidence":"statistical","summary":"After adjusting for noise, the member's trades rank at the 81% percentile of 134 members (shrunk estimate -0.28% per trade over a month).","detail":"Empirical Bayes: raw 0.0122, posterior -0.0028 (sd 0.0015); Congress mean -0.0028, between-member variance 0.000000.","estimate":{"label":"Shrunk signed 21-day CAR","value":-0.002769,"ci":[-0.005272,-0.000265],"ci_level":0.9,"unit":"return"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"raw":0.012237,"posterior_mean":-0.002769,"posterior_sd":0.001522,"congress_mean":-0.002769,"tau2":0,"percentile":0.813433,"members_compared":134,"lower95":-0.005752}},{"id":"T12","reading":"open_question","evidence":"statistical","summary":"1 trades were followed within two weeks by a large company-specific move; 0 were on the profitable side.","detail":"Hit rate 0.00, Clopper-Pearson [0.00, 0.95], exact one-sided p = 1.000; threshold |AR| > 3 sigma.","estimate":{"label":"Hit rate","value":0,"ci":[0,0.95],"ci_level":0.9,"unit":"share"},"power_limited":true,"screen":false,"p_value":1,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":1,"hits":0,"hit_rate":0,"ci":[0,0.95],"priced":20,"share_followed":0.05}},{"id":"T13","reading":"does_not_fit","evidence":"statistical","summary":"4% of trades had another member trading the same stock the same way within a week (chance alone: 9%).","detail":"Co-traded share 0.038; circular-shift null mean 0.089, 95th pct 0.192, p = 0.910.","estimate":{"label":"Co-traded share","value":0.038462,"ci":null,"ci_level":null,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":true,"robustness":[{"variant":"Without M001157, the member with the most trades, in the co-trade index","value":0.038462,"reading":"does_not_fit"}],"sources":[],"stats":{"n":26,"cotraded_share":0.038462,"null_mean":0.088967,"null_p95":0.192308,"excess_p":0.91,"cotraded_share_wo_top":0.038462,"excess_p_wo_top":0.94}},{"id":"T14","reading":"not_assessed","evidence":"descriptive","summary":"27% of trades were in a spouse's or dependent's name; returns not computed for them.","detail":"27% of trades were in a spouse's or dependent's name; returns not computed for them.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"family_trades":7,"family_share":0.269231,"owner_unknown":0}},{"id":"T15","reading":"does_not_fit","evidence":"descriptive","summary":"No purchase and sale of the same stock within six months.","detail":"No purchase and sale of the same stock within six months.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"round_trips":0,"share_in_round_trips":0}},{"id":"T16","reading":"does_not_fit","evidence":"descriptive","summary":"No option trades were reported.","detail":"No option trades were reported.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"option_trades":0,"option_share":0}}]}