 Shares of Barnes Noble Education Inc NYSE:BNED moved higher by 18 from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, July 14 showed that Levenick Zachary bought 25,000 shares at an average price of 1.85. The transaction moved the executives stake in Barnes Noble Education Inc. to 127,000 shares.The Importance of Insider Transactions Insider transactions shouldnt be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insiders faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to take some profit and lock in a gain.Important Transaction Codes Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the companys stock moving forward.Transaction codes besides P or S arent relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga Recap: Barnes Noble Education Q4 Earnings Earnings Scheduled For July 14, 2020C 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 