SEC Filing Intelligence: 2026-07-13

Run stock_governance_report_refresh_20260718T211555Z | Generated 2026-07-18T21:16:05.732818+00:00

Stock Governance Risk: 2026-07-13

Run: stock_governance_report_refresh_20260718T211555Z

Research review flags only. Pattern matches are not allegations or findings of misconduct.

Publication

Universe snapshots: 2,408
Symbols with raw filing-text review: 2,405
Symbols explicitly unknown pending controlled enrichment: 3
Raw documents reviewed: 19,740
SEC model family rows: 24,080
Low-confidence directional classifications: 745
Low-confidence neutral review-depth rows: 383

SEC Model Use Policy

This report-only guardrail translates reviewed filing text, metadata-only gaps, classification confidence, filing-text cache coverage, structured XBRL features, and statement-note evidence into how SEC-derived signals may be used by research models.

Policy Area	Status	Observed	Required/Context	Gap/Review Rows	Ratio	Model Usage Policy	Operator Action
filing_text_evidence_coverage	reviewed_text_with_unknown_symbol_gaps	2405	2408	3	0.9988	research_feature_candidate_with_unknowns_excluded	Use reviewed filing-text snapshots as research features; do not treat unknown symbols as low-risk evidence.
sec_signal_family_evidence_gate	exclude_metadata_only_unknown_rows	12768	24080	11312	0.5302	exclude_metadata_only_unknown_from_current_features	Exclude metadata-only and unknown SEC model rows from current features until text or structured review evidence exists.
classification_confidence_gate	low_confidence_directional_review_required	11111	11856	745	0.9372	downweight_low_confidence_directional_rows	Downweight or review low-confidence directional SEC matches before increasing model weight.
neutral_review_depth_gate	neutral_review_depth_required	529	912	383	0.58	neutral_review_is_not_low_risk_evidence	Treat low-confidence neutral rows as filing-depth gaps, not clean or low-risk classifications.
filing_text_cache_gate	filing_text_cache_usable	19710	19710	0	1.0	use_cached_text_targeted_backfill_only	Use cached SEC filing text for research and expand only targeted gaps from the enrichment review queue.
structured_xbrl_feature_gate	structured_xbrl_research_candidate	6822	7224	402	0.9444	structured_features_secondary_confirmation	Use scoped CompanyFacts confirmation and triggered XBRL features alongside eligible accounting, dilution, and distress text signals.
statement_note_signal_gate	statement_note_features_research_candidate	67326824	67326824	0	1.0	secondary_note_features_review_only	Use statement-note features as secondary research inputs until lift, leakage, and sector-stability checks pass.
aggregate_sec_signal_policy	sec_signal_research_only_review_gates	2405	24080	12443	0.5302	research_only_until_promotion_gates_pass	Keep SEC-derived signals in research/ablation until unknown coverage, confidence, lift, leakage, and promotion gates pass.

SEC Text Depth Expansion Priorities

This derived queue ranks the next bounded SEC text-depth work from local evidence. It does not call SEC, queue enrichment, or change model weights.

Priority	Expansion Area	Status	Observed	Required/Target	Gap/Review Rows	Suggested Scope	Operator Action
1	unknown_symbol_cik_resolution	unknown_symbol_cik_review_required	3	0	3	resolve_current_sec_cik_or_explicitly_exclude_symbol	Resolve missing CIKs before treating SEC text absence as neutral model evidence.
2	metadata_unknown_signal_evidence	metadata_unknown_signal_review_required	11312	0	11312	select_cache_text_for_metadata_backed_sec_signal_rows	Convert metadata-only or unknown signal rows to reviewed text/structured evidence before model weighting.
3	low_confidence_classification_review	low_confidence_directional_review_required	11111	11856	745	review_taxonomy_terms_sector_filters_and_thresholds	Review low-confidence directional SEC matches before increasing SEC signal weights.
4	neutral_review_evidence_depth	neutral_review_depth_required	529	912	383	expand_form_eligible_review_depth_without_inferring_low_risk	Expand or calibrate form-eligible review depth; neutral SEC rows are not clean or low-risk findings.
5	filing_text_cache_breadth	filing_text_cache_targeted_gap_review	2398	2405	7	targeted_official_sec_document_cache_for_reviewed_universe	Use targeted SEC document enrichment for reviewed-symbol cache gaps or empty document selections.
8	aggregate_sec_text_depth_priority	sec_text_depth_targeted_expansion_required	1	7	6	targeted_sec_depth_before_model_promotion	Keep SEC features research-only and expand the targeted text/CIK/confidence gaps before promotion.
13	structured_xbrl_confirmation_depth	structured_xbrl_confirmation_depth_ready	6822	7224	402	expand_companyfacts_or_statement_dataset_confirmation_features	Structured SEC confirmation features are broad enough for current research use.
14	statement_note_signal_depth	statement_note_signal_depth_ready	67326824	avg_confidence>=0.55	0	keep_statement_note_features_secondary_until_lift_checks	Statement-note depth is available as secondary research evidence.

Unknown SEC Coverage Diagnostics

Symbol	CIK	CIK Source	SEC Model Coverage	Text Docs	Diagnostic
`FRBA`	`-`	`missing`	no metadata-backed SEC model rows	`0`	No usable CIK is available from the current SEC map or profile source.
`HIFS`	`-`	`missing`	no metadata-backed SEC model rows	`0`	No usable CIK is available from the current SEC map or profile source.
`TOWN`	`-`	`missing`	no metadata-backed SEC model rows	`0`	No usable CIK is available from the current SEC map or profile source.

Unknown Coverage Operator Summary

Diagnostic Reason	Rows	With CIK	Metadata Rows	Document URL Rows	Metadata-Only Models	Unknown Models	Reviewed Models
missing_current_sec_cik	3	0	0	0	0	30	0

Unknown Coverage Examples

Symbol	Company	Sector	Industry	Report Group	Selected CIK	CIK Source	Latest Metadata Filing	Unknown Models	Reason	Operator Action
FRBA	First Bank	Financial Services	Banks - Regional	Banks	-	missing	-	10	missing_current_sec_cik	For `FRBA` (company `First Bank` / group `Banks`), verify the issuer CIK from an official SEC/company source or mark the symbol as alternate-regulator/no-current-SEC-issuer before treating missing filing text as neutral.
HIFS	Hingham Institution for Savings	Financial Services	Banks - Regional	Banks	-	missing	-	10	missing_current_sec_cik	For `HIFS` (company `Hingham Institution for Savings` / group `Banks`), verify the issuer CIK from an official SEC/company source or mark the symbol as alternate-regulator/no-current-SEC-issuer before treating missing filing text as neutral.
TOWN	TowneBank	Financial Services	Banks - Regional	Banks	-	missing	-	10	missing_current_sec_cik	For `TOWN` (company `TowneBank` / group `Banks`), verify the issuer CIK from an official SEC/company source or mark the symbol as alternate-regulator/no-current-SEC-issuer before treating missing filing text as neutral.

SEC Filing Text Enrichment Coverage

This local coverage surface comes from audit.sec_filing_text_enrichment_operator_view. It shows whether the bounded official filing-text cache has usable documents, empty document selections, and symbol coverage before starting more SEC acquisition.

Plan	Coverage Rows	Covered Symbols	Succeeded Documents	Empty Documents	Latest Observed	Operator Action
sec_filing_document_research_pool	19710	2398	19710	0	2026-07-17 16:20:15.741532+00:00	use cached filing text for SEC model review; expand only targeted gaps

SEC Model Family Coverage

SEC Model	Reviewed	Metadata Only	Unknown
`sec_accounting_quality`	`2,388`	`0`	`20`
`sec_capital_structure_dilution`	`578`	`1,648`	`182`
`sec_cyber_legal_regulatory`	`2,345`	`52`	`11`
`sec_disclosure_change_risk`	`2,385`	`0`	`23`
`sec_distress_financing`	`2,237`	`67`	`104`
`sec_governance_related_party`	`2,337`	`0`	`71`
`sec_insider_behavior`	`98`	`2,226`	`84`
`sec_material_event_intelligence`	`194`	`2,203`	`11`
`sec_merger_corporate_action`	`108`	`536`	`1,764`
`sec_ownership_control`	`98`	`1,388`	`922`

SEC Filing Text Classification Review Queue

This queue separates low-confidence directional classifications from neutral rows with shallow review depth. It is a review surface only; do not infer low risk from missing or neutral filing evidence.

SEC Model	Review Gap Rows	Reviewed	Metadata Only	Unknown	Low Confidence Reviewed	Low Confidence Directional	Low Confidence Neutral Depth	Symbols	Metadata Filing Refs	Text Asset Refs	Operator Action
sec_merger_corporate_action	2405	108	536	1764	105	21	84	2408	1282	196	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_insider_behavior	2394	98	2226	84	84	72	12	2408	799289	201	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_ownership_control	2391	98	1388	922	81	69	12	2408	76793	216	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_material_event_intelligence	2386	194	2203	11	172	36	136	2408	258007	465	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_capital_structure_dilution	2385	578	1648	182	555	481	74	2408	259060	2481	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_distress_financing	237	2237	67	104	66	19	47	2408	195532	19666	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_governance_related_party	88	2337	0	71	17	15	2	2408	0	18633	resolve CIK/source coverage before treating missing SEC text as neutral; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_cyber_legal_regulatory	85	2345	52	11	22	8	14	2408	253659	18735	resolve CIK/source coverage before treating missing SEC text as neutral; select/cache filing text or structured review for metadata-only rows; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding
sec_disclosure_change_risk	38	2385	0	23	15	15	0	2408	0	18799	resolve CIK/source coverage before treating missing SEC text as neutral; review directional taxonomy terms, sector filters, and match thresholds
sec_accounting_quality	31	2388	0	20	11	9	2	2408	0	21239	resolve CIK/source coverage before treating missing SEC text as neutral; review directional taxonomy terms, sector filters, and match thresholds; expand form-eligible review depth; neutral evidence is not a low-risk finding

Structured XBRL Feature Coverage

SEC Model	Symbols	Confirmed Rows	Fact Refs	Feature Hits
`sec_accounting_quality`	`2,274`	`2,274`	`221,619`	`3,985`
`sec_capital_structure_dilution`	`2,274`	`2,274`	`221,619`	`546`
`sec_distress_financing`	`2,274`	`2,274`	`221,619`	`2,777`

SEC Statement Note Signal Families

Component	Symbol Rows	Avg Score	Worst Score	Avg Confidence	Fact Rows	Text Facts	Numeric Facts	Latest Updated
sec_notes_debt_liquidity_risk	211535	-0.7728	-1	0.8202	31873275	2679672	29193603	2026-07-18 06:22:40.082743+00:00
sec_notes_dilution_instrument_risk	204514	-0.7458	-1	0.7761	17450842	2159183	15291659	2026-07-18 06:22:40.082743+00:00
sec_notes_concentration_supply_risk	169360	-0.6002	-1	0.6180	6471184	355393	6115791	2026-07-18 06:22:40.082743+00:00
sec_notes_accounting_quality_risk	147752	-0.6868	-1	0.5510	4826901	146176	4680725	2026-07-18 06:22:40.082743+00:00
sec_notes_legal_contingency_risk	211837	-0.6376	-1	0.6371	3774116	537245	3236871	2026-07-18 06:22:40.082743+00:00
sec_notes_related_party_risk	122349	-0.7170	-1	0.5584	1619246	233699	1385547	2026-07-18 06:22:40.082743+00:00
sec_notes_segment_complexity_signal	158423	-0.1192	-0.55	0.5726	1311260	461131	850129	2026-07-18 06:22:40.082743+00:00

Strongest Current Statement Note Signals

Symbol	Component	Display Name	As Of	Facts	Text Facts	Numeric Facts	Tags	Score	Confidence	Source Cutoff
KB	sec_notes_related_party_risk	SEC Notes Related Party Risk	2026-04-28	3627	49	3578	59	-1	0.91	2026-04-28
ARCC	sec_notes_legal_contingency_risk	SEC Notes Legal And Contingency Risk	2026-04-28	3588	3	3585	13	-1	0.91	2026-04-28
SPWRW	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-05-26	2873	80	2793	137	-1	0.91	2026-05-26
KB	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-04-28	2805	57	2748	103	-1	0.91	2026-04-28
CIB	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-04-08	1845	66	1779	132	-1	0.91	2026-04-08
BBVXF	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-02-20	1818	14	1804	68	-1	0.91	2026-02-20
MSDL	sec_notes_legal_contingency_risk	SEC Notes Legal And Contingency Risk	2026-05-07	1786	591	1195	10	-1	0.91	2026-05-07
DZZ	sec_notes_concentration_supply_risk	SEC Notes Concentration And Supply Risk	2026-03-12	1725	11	1714	32	-1	0.91	2026-03-12
UBSI	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-05-08	1689	89	1600	119	-1	0.91	2026-05-08
KEP	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-04-29	1671	696	975	118	-1	0.91	2026-04-29
EC	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-04-30	1593	1081	512	42	-1	0.91	2026-04-30
CCU	sec_notes_related_party_risk	SEC Notes Related Party Risk	2026-04-29	1585	982	603	12	-1	0.91	2026-04-29
HLYK	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-05-29	1557	393	1164	69	-1	0.91	2026-05-29
PBHC	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-05-15	1540	63	1477	142	-1	0.91	2026-05-15
MAIN	sec_notes_debt_liquidity_risk	SEC Notes Debt And Liquidity Risk	2026-05-08	1536	21	1515	38	-1	0.91	2026-05-08

Strongest Current Negative SEC Signals

Symbol	SEC Model	Score	Confidence	Label
`AIP`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`ALOY`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`ARDX`	`sec_accounting_quality`	`-1.00`	`1.00`	High negative evidence
`ATEC`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`BBIO`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`BCRX`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`BHC`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`BNED`	`sec_accounting_quality`	`-1.00`	`1.00`	High negative evidence
`CLMT`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`CODI`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`CRNX`	`sec_accounting_quality`	`-1.00`	`1.00`	High negative evidence
`CYTK`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`EOLS`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`FCEL`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence
`GH`	`sec_distress_financing`	`-1.00`	`1.00`	High negative evidence

Operator Views

SELECT * FROM research.governance_snapshot_latest WHERE evidence_status = 'reviewed' ORDER BY governance_risk_score DESC;
SELECT * FROM research.sec_filing_signal_snapshot_latest WHERE evidence_status = 'reviewed' ORDER BY normalized_score ASC, confidence DESC;
SELECT * FROM research.sec_filing_signal_snapshot_latest WHERE symbol = 'HCI' ORDER BY component_key;
SELECT * FROM research.governance_filing_evidence_latest WHERE symbol = 'HCI' ORDER BY evidence_rank;
SELECT * FROM research.sec_filing_metadata_latest WHERE symbol = 'HCI' ORDER BY filing_date DESC, accepted_at DESC;