SEC EDGAR Filing Reference
Complete guide to the forms tracked, how they are classified, and how to read investment signals.
What is SEC EDGAR?
EDGAR (Electronic Data Gathering, Analysis, and Retrieval) is the SEC's public database of all filings made by publicly traded companies in the United States. Every company listed on the NYSE or Nasdaq is legally required to file within strict deadlines. There is no spin, no opinion — only legally accountable facts.
Unlike news articles or analyst reports, EDGAR filings are primary sources. A CEO departure, an acquisition, a missed filing deadline, an activist investor taking a 5%+ stake — all must be disclosed here before they can be publicly announced anywhere else.
Form Types Tracked
Filed by an outside company making a public offer to buy shares directly from shareholders at a premium.
→ Investment signal: The target company stock will typically trade up toward the offer price.
Filed by the company itself when it offers to repurchase its own shares at a premium. Signals management believes stock is undervalued.
→ Investment signal: Bullish for the filing company. Price support from buyback demand.
Filed when a company registers new shares to be issued as part of a merger. Confirms a merger is in the official regulatory pipeline.
→ Investment signal: Confirms a pending merger. Target company typically has arbitrage spread opportunity.
Required when any entity acquires more than 5% of shares with intent to influence the company.
→ Investment signal: Strong bullish signal. Activist presence often precedes M&A, management changes, or restructuring.
An amendment to a previously filed SC 13D. Filed when the activist position changes by 1%+ or intentions change.
→ Investment signal: Increasing = bullish; decreasing = watch carefully.
Company cannot submit its annual 10-K by deadline. Often indicates auditor disputes, accounting restatements, or going-concern issues.
→ Investment signal: Strong bearish warning. Often followed by stock halts or sharp selloffs.
Same as NT 10-K but for quarterly report. A warning sign of rapid deterioration.
→ Investment signal: Bearish warning. Repeated occurrences: serious red flag.
8-K Item Reference
An 8-K can have 9 sections, and contain multiple items. We pick the highest-impact item to classify the filing.
| Item | Impact | Event | What It Means |
|---|---|---|---|
| § 1 Business and Operations | |||
| 1.01 | !! High | Entry into Material Agreement | The company signed a significant new contract, licensing deal, partnership, or major customer agreement. Judge by counterparty size and dollar amount. Bullish if a large-cap chose this company as a partner. |
| 1.02 | !! High | Termination of Material Agreement | A material contract was terminated early or not renewed. Often bearish — the company lost a significant revenue source or strategic relationship. Check whether the company or the counterparty initiated the termination. |
| 1.03 | !!! Very High | Bankruptcy or Receivership | The company filed for bankruptcy protection or a court-appointed receiver now manages its assets. Equity is typically wiped out; stock approaches zero. Seek immediate clarity on the debt structure and plan of reorganization. |
| 1.04 | ! Medium | Mine Safety Reporting | Reports mine shutdowns, MSHA citations, or patterns of safety violations under the Mine Safety and Health Act. Primarily an operational disclosure; limited investment signal outside mining and resource sectors. |
| 1.05 | !!! Very High | Material Cybersecurity Incident | Required since December 2023: discloses a breach determined to be material to investors. Scope of compromised data and affected systems drives the market reaction. Very bearish if customer records or critical infrastructure was affected. |
| § 2 Financial Information | |||
| 2.01 | !!! Very High | Acquisition / Disposition Completed | The deal is officially closed — not announced, not pending, done. Acquirer often drops (premium paid out); target shareholders receive proceeds or stock. A significant revaluation event for both companies. |
| 2.02 | !! High | Earnings Results Released | Company releases quarterly or annual financial results, typically with a press release and forward guidance. Accompanies or precedes the formal 10-Q/10-K. Price movement depends entirely on the beat or miss relative to consensus estimates. |
| 2.03 | ! Medium | New Credit Facility / Financial Obligation | Company entered a new credit facility, term loan, or off-balance-sheet obligation. Usually routine financing — but watch the interest rate, covenants, and size relative to market cap. High rates on a small deal signal financial stress. |
| 2.04 | !!! Very High | Default or Debt Acceleration | The company triggered an event of default under a credit agreement, or a lender accelerated full repayment (entire balance now due immediately). A severe distress signal — often a direct precursor to bankruptcy or emergency asset sales. |
| 2.05 | !! High | Restructuring / Exit Activities | Company announced layoffs, plant closures, or a formal cost-restructuring program. Short-term bearish due to charges and uncertainty, but sometimes welcomed if investors believe the company is right-sizing. Read the projected savings carefully. |
| 2.06 | !!! Very High | Material Impairment | Company recorded a significant write-down of goodwill, intangible assets, or investments — formally acknowledging they are worth far less than previously carried. Often bearish; frequently confirms an acquisition or strategy failed to deliver value. |
| § 3 Securities and Trading Markets | |||
| 3.01 | !!! Very High | Delisting Notice Received | NYSE or Nasdaq issued a formal notice for failure to maintain listing standards: stock price below $1, insufficient market cap, late filings, or other violations. Stock often drops sharply. Company has a cure period, but risk of permanent delisting is real. |
| 3.02 | ! Medium | Unregistered Sale of Equity | Company sold shares privately (PIPE, convertible note, or Reg D placement), bypassing SEC registration. Often dilutive to existing holders. Watch for steep discounts to market price — a common sign of financial desperation. |
| 3.03 | !! High | Modification to Security Holder Rights | Company changed the rights, preferences, or privileges of outstanding securities. Includes poison pill (rights plan) adoption to block hostile takeovers, dividend cuts or eliminations, and preferred stock modifications. |
| § 4 Accountants and Financial Statements | |||
| 4.01 | !!! Very High | Auditor Change / Resignation | The company auditor resigned, was dismissed, or a new firm was engaged. Resignation is one of the most serious red flags in EDGAR — accounting disputes or going-concern issues are almost always the underlying cause. Stock nearly always drops sharply. |
| 4.02 | !!! Very High | Restatement — Prior Financials Unreliable | Company or its auditor determined that previously filed financial statements should not be relied upon. A full restatement is forthcoming. Extremely bearish: past results were incorrect and investors may have traded on false data. |
| § 5 Corporate Governance and Management | |||
| 5.01 | !!! Very High | Change in Control | Effective control of the company has transferred to another entity. Distinct from a merger announcement — control has already changed. Relevant in leveraged buyouts, activist takeovers, and family-business succession events. |
| 5.02 | !!! Very High | Executive / Director Departure or Appointment | Departure or appointment of CEO, CFO, COO, directors, or other named officers. Sudden unplanned exits — especially the CFO — are bearish. Planned successions or high-profile strategic hires are neutral to bullish. Always read the stated reason. |
| 5.03 | ! Medium | Amendment to Articles or Bylaws | Company changed its charter or governance documents: altering board structure, shareholder rights, or quorum rules. Usually administrative. Watch for anti-takeover amendments such as staggered boards or supermajority vote requirements. |
| 5.04 | ! Medium | Employee Benefit Plan Trading Suspension | A blackout period prevents employees from trading company stock in their 401(k) or benefit plans. Common during plan changes or corporate transactions. Executives face the same restriction — a signal that a significant corporate event may be pending. |
| 5.05 | Low | Code of Ethics Amendment or Waiver | Company amended its code of ethics or granted a waiver from it. A waiver issued to a named executive officer is a governance red flag, suggesting ethical standards are being relaxed for insiders. |
| 5.06 | !! High | Change in Shell Company Status | A company previously classified as a shell has acquired real operations, or vice versa. Most common in SPAC completions when the blank-check company merges with a private target. A significant milestone for SPAC investors tracking deal close. |
| 5.07 | ! Medium | Shareholder Vote Results | Results of a stockholder vote, typically at an annual meeting: director elections, say-on-pay, auditor ratification. Routine unless management loses a key vote — a failed say-on-pay or director election signals strong shareholder discontent. |
| 5.08 | ! Medium | Shareholder Director Nominations | Discloses a shareholder-nominated director candidate under proxy access rules. Usually low-profile on its own; becomes significant if the nominating party has an activist history or holds a meaningful stake. |
| § 6 Asset-Backed Securities (ABS) | |||
| 6.01 | Low | ABS Informational Material | Statistical or computational material relating to asset-backed securities pool performance. Relevant only to structured-product investors; no direct impact on the issuing company equity or general operations. |
| 6.02 | Low | ABS Servicer or Trustee Change | A change in the servicer or trustee for an ABS transaction. Relevant to ABS investors; minimal to no impact on the issuing company stock or broader business. |
| 6.03 | Low | ABS Credit Enhancement Change | Modification to credit enhancement or external support for an ABS transaction (e.g., letter of credit or surety bond replacement). Relevant to ABS and credit analysts; not material to equity holders. |
| 6.04 | Low | ABS Failed Distribution | The ABS trust or issuer failed to make a required payment distribution to certificate holders. A signal of underlying loan pool deterioration; relevant to ABS investors and structured-credit analysts. |
| 6.05 | Low | ABS Securities Act Disclosure | Updated disclosure required under the Securities Act for ABS shelf offerings. Purely administrative compliance filing; no investment signal for equity investors. |
| § 7 Regulation FD | |||
| 7.01 | ! Medium | Regulation FD Disclosure | Material information released publicly per Reg FD — often an earnings preview, investor day slides, or a corrective statement. Content varies widely: read the exhibit attached, not just the cover page. |
| § 8 Other Events | |||
| 8.01 | !! High | Other Material Event (Catch-All) | Catch-all for material events not covered elsewhere: FDA decisions, government contract awards, clinical trial results, product launches, significant litigation outcomes, or natural disasters affecting operations. Impact is highly variable — read the actual filing text. |
| § 9 Financial Statements and Exhibits | |||
| 9.01 | Low | Financial Statements and Exhibits | Lists all financial statements and exhibits appended to the 8-K (press releases, material agreements, officer certifications). Almost always filed alongside another substantive item. Not itself a signal — it is the supporting documentation package. |
Impact Score System
These filings almost always cause a significant stock price move within 1–3 trading days.
Material events that often move stock prices but require reading the details.
Reading Investment Signals
- ▲SC TO-T on small cap — target trades to offer price
- ▲SC 13D by known activist — agitation for value unlock
- ▲Item 1.01: Large + Small cap pair — big company chose this small company
- ▲Item 8.01 with large dollar amount — major contract or FDA approval
- ▼Item 4.01 — Auditor resigned — accounting problems
- ▼NT 10-K / NT 10-Q — can't close books on time
- ▼Item 2.04 — Default — debt covenant breach
- ▼Item 5.02 — Surprise CEO/CFO exit — especially if immediate
How It Works
Queries efts.sec.gov for each form type. Returns filings with pagination. 9 form types tracked.
Downloads the full-submission .txt file (first 150KB). Always contains the main filing body.
Scans for Item X.XX patterns. Picks highest-impact item. Assigns impact score 1/2/3.
Pass 1: exchange tags (NYSE: XYZ). Pass 2: company name matching against 18,420 names in DB.
Saves to news, news_meta, and news_tickers tables. Re-running updates existing records — no duplicates.
FastAPI + Jinja2 frontend with filters. Business Only mode excludes financing/governance noise.