Glossary

The vocabulary on every card comes from the source documents. These are the terms that carry the most weight.

Event date

The date the underlying event happened — the trade date on a Form 4 or a Periodic Transaction Report, or the action date on a federal award.

Disclosure date

The date the record entered the public record: the filing date on EDGAR or with the House Clerk, or the date the award action was published.

Disclosure lag

The number of business days after the event date, up to and including the disclosure date. Weekends and US federal holidays (as observed by the Office of Personnel Management, including shifted observance) are excluded. A card carries a lag label when that count is greater than two business days. The number printed on that label counts CALENDAR days, not business days: a card reading FILED +316 DAYS means 316 calendar days passed, which is 216 business days. The trigger is counted in business days; the label states calendar days.

Cluster

Two or more distinct insiders at the same issuer making open-market purchases within a seven-day window. A cluster is a deterministic filter over filings — it is a description of what was filed, not a recommendation.

Transaction code

The SEC's own code for the kind of transaction reported on a Form 4 — for example P for an open-market purchase and S for an open-market sale. Desq Long shows the filer's code rather than an interpretation of it.

Amount range

Congressional filers disclose value as a bracket, such as $1,001 – $15,000, rather than an exact figure. Cards show the bracket exactly as reported.