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  4. CytoDyn Inc (CYDY) Message Board

was there an SEC form files that showed an insider

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Post# of 154867
(Total Views: 697)
Posted On: 11/09/2020 2:05:08 AM
Posted By: MarcS
Re: I_luv_cydy #64658
Quote:
was there an SEC form files that showed an insider buying shares that raised $800k?


Look at the last 3 SEC filings on the CytoDyn.com website. 2 of them are for this Director, first for just under $300,000 (3rd to the last) and second for just under $500,000 (last one). There is a 3rd SEC filing (2nd to the last) that shows that CytoDyn's General Counsel purchased 10,000 shares at $2.50 for $25,000 on the open market, which one could argue is even more meaningful, although lessor in amount.

Quote:
You made it seem like it was purchased on the open market


Yes, that's what the 3 SEC filings state with the code P.

Quote:
so how does CYDY get those proceeds?


They don't. It was, as you recall, an open market transaction or transactions, meaning from various sellers to a buyer (the Director), just like you would buy your own shares.


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