Update on insider transactions question I had from
Post# of 32989
(Total Views: 598)
Posted On: 04/22/2020 9:38:22 PM
Update on insider transactions question I had from IR:
******,
Thank you for your email and patience as we tracked down an answer for you.
The “insider stock purchases” you were previously seeing were part of the Company’s 10B5-1 Plan, which allows insiders to set up a plan to sell or buy Company stock in a predetermined manner, enabling them to comply with the relevant insider trading laws.
The Company’s 10B5-1 Plan was set for a three-month span which concluded at the end of the year.
Additionally, a new plan cannot yet be started because we are currently in the middle of a blackout period.
Let me know if you have any more questions.
Regards,
John
******,
Thank you for your email and patience as we tracked down an answer for you.
The “insider stock purchases” you were previously seeing were part of the Company’s 10B5-1 Plan, which allows insiders to set up a plan to sell or buy Company stock in a predetermined manner, enabling them to comply with the relevant insider trading laws.
The Company’s 10B5-1 Plan was set for a three-month span which concluded at the end of the year.
Additionally, a new plan cannot yet be started because we are currently in the middle of a blackout period.
Let me know if you have any more questions.
Regards,
John
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