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Posted On: 12/23/2020 6:35:59 AM
Post# of 148899
executives like the CFO Michael Mullholland are able to sell their shares at fixed prices. Typically share prices are staged above the market price in share amounts and fixed prices. As the executions suggest they are large blocks of shares spaced apart in price and tied to specific warrant exercises. Investors should realize that when this plan was likely approved the stock was about ½ the current prices. Based on the selling it looks like his selling is complete which leaves him with about 248,081 shares. Mulholland has been involved with the company for over a decade and hasn’t disposed of any shares. He did it through a 10B-5 plan which removes any doubt of impropriety.
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