Stock Trading Canary
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -1.9% | -1.5% | -3.9% |
| 20D | 5Developing evidence | 100.0% (5/5) | 0.0% (0/5) | -3.1% | -3.6% | -9.9% |
| 60D | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -4.5% | -0.9% | -7.9% |
| 120D | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -9.6% | -7.1% | -15.4% |
COMPANY RESEARCH
Knorr-Bremse Aktiengesellschaft
KBX.DE · Germany · Consumer Cyclical · Auto Parts
Insider Signal
Snapshot: 05 Nov 2026 · 180-day research window
- Insider Signal
- 78.7 / 100 Research score, not a buy recommendation
- Reported buyers
- 5 180-day scoring window
- Net purchases
- 251.1k EUR 180 days · purchases less sales
- Latest disclosure
- 2026-10-30 Publication date
What stands out
- 5 reported buyers participated in qualifying purchases during the last 180 days.
Price vs insider buying
KBX.DE · EUR● Purchase × Sale ◇ Public disclosure ▥ 15-day cluster ·
Circles and crosses mark trade dates; diamonds below the axis mark later public disclosures. The trade became public on its disclosure date. Prices are nearest-session closes, not insider execution prices. Marker sizes are not compared when values or currencies differ.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-11-03, neither column has changed. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (several insiders together, more buyers than usual here, bought in the last two weeks); share price and trading, short sellers, company results were checked and none crosses a bear threshold. No data is held for: company actions.
- The insider purchases themselvesBullseveral insiders together, more buyers than usual here, bought in the last two weeks Bearsmall purchases, buyer's past purchases trailed the benchmark2 checked, under the threshold · 2 missing
- Share price and trading3 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results1 checked, under the threshold · 1 missing
- Company actionsno data held
Bull case · the buying is informative
- 5 insiders bought on the same day (2026-10-30). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,440 earlier disclosures like this, the median 60-session excess return was −3.5%, within 1 percentage point of all comparable disclosures (−3.4%).
- No insider bought in the 180 days before this window; 5 have bought in it. The buying is new for this company, not a habit.Record: after 3,282 earlier disclosures like this, the median 60-session excess return was −2.5%, within 1 percentage point of all comparable disclosures (−2.7%).
- The latest purchase is 6 days old (2026-10-30). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Net purchases of €251k are <0.01% of the company's market value (€14.9bn): a visible sum, a small one against the business.
- The 5 earlier purchases by Bernd Spies trailed DAX by a median 4.5% over the following 60 trading days.
Evidence still missing
- Only one reading of profitability is held (profit margin 7.6%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 10 purchase lines mentions a plan, but a bare “Kauf” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 7
- BearThe largest buyer accounts for 23% of the value bought. Counted for the bear side from 80%.
- BearNo insider sale is recorded in the same 180 days.
- BearThe share price changed −10% over six months (three months −11%, one month −7.1%) and stands 20% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed −11% and the median of 349 Consumer Cyclical companies changed −2.5%: behind by 8 points. Counted for the bear side from 20 points behind.
- BearThe register of Bundesanzeiger shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.
- BearProfit margin on the latest captured figures is 7.6%. Counted for the bear side when negative.
- BearAbout €19.6M of the stock changes hands on an average day. Counted for the bear side below €500k.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Who is trading?
Named filings in 180 days. Purchase values are summed only when complete and in one currency.
| Insider | Transaction activity | Purchase value | Latest trade | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marc LlistosellaManagement board | 3 buy · 0 sell | 57.8k EUR | 2026-10-30 | |||||||||||||||||
| Claudia MayfeldManagement board | 1 buy · 0 sell | 52.6k EUR | 2026-10-30 | View transactions · 1
| ||||||||||||||||
| Bernd SpiesManagement board | 3 buy · 0 sell | 51.3k EUR | 2026-10-30 | |||||||||||||||||
| Frank Markus WeberManagement board | 1 buy · 0 sell | 49.1k EUR | 2026-10-30 | View transactions · 1
| ||||||||||||||||
| Nicolas LangeManagement board | 2 buy · 0 sell | 40.3k EUR | 2026-10-30 |
INSIDER SIGNAL
Score breakdown：78.7 / 100
5 insiders · 8 purchase events · €251k net purchases
Europe #11 · Germany #7
WHY THIS SIGNAL?
Score anatomy
Each bar is that part's points in the score; the five parts add up to the score.
Number of buyers+35.0 / 35
How many different insiders bought within 15 days
Amount bought+20.2 / 25
The value bought, net of any insider sales
Buyers' roles+7.0 / 20
Lower in the company scores higher: in the backtest, purchases by the most senior insiders did worse
How recent+6.6 / 10
How long ago the latest purchase took place
Buying against selling+10.0 / 10
Lower when insiders also sold
What is holding the score back?
- ⚠ Buyers' roles add little · most senior buyer: Board member; the most senior score lowest
- ⚠ The latest purchase was some time ago
- ✓ Many buyers · 4 or more different insiders
Buyers' roles follow the European ranking's order of roles: the most senior insiders score lowest.
Buying concentration
23%
Largest buyer：Marc Llistosella · 58k EUR
Purchases counted, before sales：251k EUR
The amount at the top of the page is purchases minus sales; this one counts purchases only, in the filing currency, so the two can differ. The score counts how many people bought; this shows separately who bought the most.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Marc Llistosella | 88.1 EUR | Oct 30, 2026 |
| Claudia Mayfeld | 87.65 EUR | Oct 30, 2026 |
| Bernd Spies | 88.95 EUR | Oct 30, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 5 distinct reported filers
- Peak time window
- 2026-10-30 to 2026-10-30
- Current breadth input
- 1.000 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Latest purchase counted
Marc Llistosella · 53k EUR · Price 88.1 EUR · Oct 30, 2026 - 🟢 Purchase by a manager or director
Claudia Mayfeld · 53k EUR · Price 87.65 EUR · Oct 30, 2026 - 🟢 Purchase by a manager or director
Bernd Spies · 49k EUR · Price 88.95 EUR · Oct 30, 2026 - 🟡 7 more purchase line(s) counted, from 7 filing(s)
Filing and data quality
These checks are auditable context; they do not change the rank or score.
- Identity match
- PASS · isin
- Ticker / ISIN
- Present
- Filing source links
- 10 / 10
- Median disclosure lag
- 2 days
- Latest disclosure age
- 6 days at snapshot
- Corrections / revisions
- 0
- Score-factor detail
- Saved
Insider timeline
5 insiders bought on the same day, 30 Oct: 5 Management board. The share closed at 90.40 that day and at 94.20 most recently (+4.2%). That week 200 companies across Europe disclosed insider purchases, an ordinary week (7 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount. None of this company's filings in the window states an amount, so every dot is the same size.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 30 Oct, with 5 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, −8.5% over these six months
The closing price of each day, from 103.00 on 2026-05-11 to 94.20 on 2026-11-04. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −4.2%
Taken from the 101 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share −8.5%, the typical one −4.2%, 4.4 points behind. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 200 companies, number 7 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
Dec
Jan
Feb
Mar
Apr
3May
Jun
Jul
Aug
Sep
5Oct
Nov
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Bernd Spies | Management board | 2 | — | — | 2026-05-15 | −7.7% | 5 completed, median −4.5% against peers after 60 sessions |
| Marc Llistosella | Management board | 2 | — | — | 2026-05-15 | −7.7% | fewer than 5 completed |
| Nicolas Lange | Management board | 2 | — | — | 2026-05-15 | −7.7% | fewer than 5 completed |
| Claudia Mayfeld | Management board | 1 | — | — | 2026-10-30 | +4.2% | fewer than 5 completed |
| Frank Markus Weber | Management board | 1 | — | — | 2026-10-30 | +4.2% | fewer than 5 completed |
Insiders' buying price vs the latest close
Insiders paid 89.12 EUR a share on average (10 purchase lines, 5 buyers, 2026-05-15 – 2026-10-30). The close on 2026-11-04 was 5.7% above that price.
The latest purchase (2026-10-30) was at 88.56 EUR; the close was 6.4% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
0.06% · of estimated traded value in the same period
2026-10-08 – 2026-11-04 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 239,896 EUR
- Estimated market traded value
- 391,317,269 EUR
Market-data coverage: 515 verified sessions · Latest session: 2026-11-04 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Oct 30 · Bernd Spies · Vorstand b) Erstmeldung49,456 EUR · 0.34%14,497,135 EUR ADTV
- Oct 30 · Claudia Mayfeld · Vorstand b) Erstmeldung52,590 EUR · 0.36%14,497,135 EUR ADTV
- Oct 30 · Frank Markus Weber · Vorstand b) Erstmeldung49,140 EUR · 0.34%14,497,135 EUR ADTV
- Oct 30 · Marc Llistosella · Vorstand b) Erstmeldung52,860 EUR · 0.36%14,497,135 EUR ADTV
- Oct 30 · Nicolas Lange · Vorstand b) Erstmeldung35,850 EUR · 0.25%14,497,135 EUR ADTV
- May 15 · Bernd Spies · Vorstand b) Berichtigung Aggregierte Informationen angepasst1,876 EUR · <0.01%19,729,753 EUR ADTV
- May 15 · Marc Llistosella · Vorstand b) Berichtigung Aggregierte Informationen angepasst4,897 EUR · 0.02%19,729,753 EUR ADTV
- May 15 · Nicolas Lange · Vorstand b) Berichtigung Aggregierte Informationen vertauscht4,438 EUR · 0.02%19,729,753 EUR ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Sector context
- Buying breadth
- 8.2% (41 / 503 issuers)
- Sector rank
- #7 / 12
- 7D breadth change
- -0.6 pp · vs 2026-10-29 (7d)
- 30D breadth change
- -3.7 pp · vs 2026-10-06 (30d)
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − DAX return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 4Small sample | 100.0% (4/4) | 50.0% (2/4) | -1.6% | -1.5% | -3.9% |
| 20D | 4Small sample | 100.0% (4/4) | 0.0% (0/4) | -1.7% | -2.2% | -5.0% |
| 60D | 4Small sample | 100.0% (4/4) | 50.0% (2/4) | -2.2% | -0.4% | -7.9% |
| 120D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -12.5% | -9.6% | -15.4% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +0.9% | -0.5% | -3.9% |
| 20D | 3Small sample | 100.0% (3/3) | 0.0% (0/3) | -3.1% | -2.5% | -4.1% |
| 60D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +3.5% | +2.7% | -7.9% |
| 120D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -9.6% | -6.8% | -15.4% |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 29.1%
- Beta
- 1.11
- Avg daily volume
- €13.6M
- 20-session drawdown
- -10.1%
- 60-session drawdown
- -16.6%
- Latest volume / prior median
- 2.1×
VALUATION
- Market cap
- €14.9B
- Market cap (EUR ref.)
- €14.9B
- P/E
- 24.1×
FUNDAMENTALS
- Revenue
- —
- Net income
- —
- Operating profit
- —
- Equity
- —
- Cash
- —
- Debt
- —
- Operating cash flow
- —
- Free cash flow
- —
- Profit margin
- 7.6%
- ROE
- 19.8%
- Industry
- Auto Parts
Prices to 04 Nov 2026: price cache (yfinance). From OpenBB/yfinance, captured 03 Nov 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. ECB EUR reference rate dated 2026-11-05; it is not a trade-date conversion. It does not affect the insider score or rank.
Disclosed net short positions
The Bundesanzeiger register, read 06 Nov 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Latest news
No news has been captured for this company.
Regulatory filings
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
Unfold all 10 filings
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-10-30 · trade date 2026-10-30
- Insider filing announcement · published 2026-05-18 · trade date 2026-05-15
- Insider filing announcement · published 2026-05-18 · trade date 2026-05-15
- Insider filing announcement · published 2026-05-18 · trade date 2026-05-15
- Insider filing announcement · published 2026-05-18 · trade date 2026-05-15
- Insider filing announcement · published 2026-05-18 · trade date 2026-05-15
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
10 qualifying purchase disclosure(s) · 10 transaction line(s)
Trade Oct 30, 2026Kauf
Bernd Spies · Vorstand b) Erstmeldung
Published Oct 30, 2026 · Aktie · 556 shares × 88,95 EUR · 49.456,20 EUR
Open filingTrade Oct 30, 2026Kauf
Claudia Mayfeld · Vorstand b) Erstmeldung
Published Oct 30, 2026 · Aktie · 600 shares × 87,65 EUR · 52.590,00 EUR
Open filingTrade Oct 30, 2026Kauf
Nicolas Lange · Vorstand b) Erstmeldung
Published Oct 30, 2026 · Aktie · 399 shares × 89,85 EUR · 35.850,15 EUR
Open filingUnfold all 7 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-10-30 | 2026-10-30 | Frank Markus Weber | Vorstand b) Erstmeldung | Kauf | Aktie | 88,70 EUR | EUR | 554 | 49.139,80 EUR | Open filing |
| 2026-10-30 | 2026-10-30 | Marc Llistosella | Vorstand b) Erstmeldung | Kauf | Aktie | 88,10 EUR | EUR | 600 | 52.860,00 EUR | Open filing |
| 2026-05-15 | 2026-05-18 | Marc Llistosella | Vorstand b) Berichtigung Aggregierte Informationen angepasst | Kauf | Aktie | 103,20 EUR | EUR | 47 | 4.850,40 EUR | Open filing |
| 2026-05-15 | 2026-05-18 | Bernd Spies | Vorstand b) Berichtigung Aggregierte Informationen angepasst | Kauf | Aktie | 103,2 EUR | EUR | 18 | 1.857,60 EUR | Open filing |
| 2026-05-15 | 2026-05-18 | Nicolas Lange | Vorstand b) Berichtigung Aggregierte Informationen vertauscht | Kauf | Aktie | 103,20 EUR | EUR | 43 | 4.437,60 EUR | Open filing |
| 2026-05-15 | 2026-05-18 | Bernd Spies | Vorstand b) Erstmeldung | Kauf | Aktie | 103,2 EUR | EUR | 0.1744 | 18 EUR | Open filing |
| 2026-05-15 | 2026-05-18 | Marc Llistosella | Vorstand b) Erstmeldung | Kauf | Aktie | 103,20 EUR | EUR | 0.4554 | 47 EUR | Open filing |
Showing 10 of 10 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.
Follow new disclosures
Subscribe to new Europe disclosures. These are market-wide RSS feeds, not company-specific alerts.
Model & Sources
Signal history
78.7 / 100
Latest recorded score
↑ +16.8 ptsversus the comparable snapshot on 2026-10-06 (30 calendar days apart)
- Recorded snapshots
- 46
- First snapshot
- 2026-08-26
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Number of buyers+5.3 pts
- Amount bought+5.0 pts
- How recent+6.6 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 61.9
- 61.9
- 61.9
- 61.9
- 78.7
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 61.9 |
| 2026-08-27 | 61.9 |
| 2026-08-28 | 61.9 |
| 2026-08-31 | 61.9 |
| 2026-09-01 | 61.9 |
| 2026-09-02 | 61.9 |
| 2026-09-03 | 61.9 |
| 2026-09-04 | 61.9 |
| 2026-09-07 | 61.9 |
| 2026-09-08 | 61.9 |
| 2026-09-09 | 61.9 |
| 2026-09-10 | 61.9 |
| 2026-09-11 | 61.9 |
| 2026-09-14 | 61.9 |
| 2026-09-23 | 61.9 |
| 2026-09-24 | 61.9 |
| 2026-09-25 | 61.9 |
| 2026-09-28 | 61.9 |
| 2026-09-29 | 61.9 |
| 2026-09-30 | 61.9 |
| 2026-10-01 | 61.9 |
| 2026-10-02 | 61.9 |
| 2026-10-03 | 61.9 |
| 2026-10-04 | 61.9 |
| 2026-10-05 | 61.9 |
| 2026-10-06 | 61.9 |
| 2026-10-07 | 61.9 |
| 2026-10-08 | 61.9 |
| 2026-10-09 | 61.9 |
| 2026-10-12 | 61.9 |
| 2026-10-13 | 61.9 |
| 2026-10-14 | 61.9 |
| 2026-10-15 | 61.9 |
| 2026-10-16 | 61.9 |
| 2026-10-18 | 61.9 |
| 2026-10-19 | 61.9 |
| 2026-10-20 | 61.9 |
| 2026-10-21 | 61.9 |
| 2026-10-22 | 61.9 |
| 2026-10-23 | 61.9 |
| 2026-10-27 | 61.9 |
| 2026-10-28 | 61.9 |
| 2026-10-29 | 61.9 |
| 2026-11-03 | 79.7 |
| 2026-11-04 | 79.2 |
| 2026-11-05 | 78.7 |
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 1.000 | 35.0 |
| Qualified-buy size | 25% | 0.806 | 20.2 |
| Role informativeness (inverted) | 20% | 0.350 | 7.0 |
| Recency | 10% | 0.660 | 6.6 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
Snapshot & identity
- Snapshot date
- 2026-11-05
- Ticker
- KBX.DE
- ISIN
- DE000KBX1006
- Sector
- Consumer Cyclical
- Industry
- Auto Parts
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