(Total Views: 406)
Posted On: 10/11/2019 12:51:03 PM
Post# of 32974
Unfortunately there’s always going to be those with ill will who enjoy spreading lies. Just ignore it.
In regards to the form 4, there is some confusion with the transaction code used. They filed with a code A which reads “Grant, award, or other acquisition”. I believe with an open market buy, Code P is used.
I reached out to Tom Colton at IR and he said
“The Code A refers to securities being “Acquired.” This stock was acquired, not granted, and was made in connection with a 10B5-1 plan, which allows insiders to make regular, periodic purchases of company stock.” Which still doesn’t confirm that the shares were purchased on the open market. I tried him again for further clarification. Maybe I’m missing something since someone on this board already confirmed an open market buy. Certainly the shares were not granted or awarded so those rumors are blatant lies.
In regards to the form 4, there is some confusion with the transaction code used. They filed with a code A which reads “Grant, award, or other acquisition”. I believe with an open market buy, Code P is used.
I reached out to Tom Colton at IR and he said
“The Code A refers to securities being “Acquired.” This stock was acquired, not granted, and was made in connection with a 10B5-1 plan, which allows insiders to make regular, periodic purchases of company stock.” Which still doesn’t confirm that the shares were purchased on the open market. I tried him again for further clarification. Maybe I’m missing something since someone on this board already confirmed an open market buy. Certainly the shares were not granted or awarded so those rumors are blatant lies.
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