Chief Executive Officer Lemonis Marcus filed a Form 4 with the SEC on Monday, August 31. The insider bought 3,085 shares of Camping World Holdings Inc (NYSE:CWH) at an average price of $32.55. After the transaction, the executive’s stake in Camping World moved to 517,096 shares. Shares of Camping World fell by 7.9% from the previous closing price.Why Insider Transactions Are Important? Insider transactions shouldn’t be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.Insiders buying stock after a notable sell off can indicate an insider’s long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesn’t feel the stock is overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to “take some profit” and “lock in a gain.”Important Transaction Codes Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes besides P or S aren’t 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 * Insider Buys Camping World’s Shares * Insider Buys Camping World’s Stock * Insider Buys Camping World’s Stock(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.