What is SEDI insider reporting?

SEDI (System for Electronic Disclosure by Insiders) is the Canadian online filing system where "reporting insiders" — directors, senior officers, and significant shareholders — must disclose their holdings and every trade in their company's securities. Filings are generally due within five calendar days of a trade.

For investors, SEDI is the authoritative record of insider buying and selling for Canadian-listed companies, including the many junior miners on the TSXV and CSE. It captures not just open-market buys and sells but option grants and exercises, so reading the transaction codes matters.

The US equivalent is the SEC's EDGAR system, where insiders file Form 4. Strikepoint News's insider tool pulls from both SEDI and SEC filings on a rolling basis and flags clusters of buying. Note SEDI's five-day window means activity can lag the actual trade by up to a week — useful context when a stock has already moved.