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Aaron Dickinson
April 8, 2014 at 12:20 am
5,000 shares worth $55,000 is less than 2 months of her salary. Not an event in and of itself. However if you look at all the transactions by executives, there certainly has been a good amount of selling going on: https://quotes.wsj.com/MOVE/company-people/insider-trading
Lani Rosales
April 8, 2014 at 2:14 am
Aaron, thanks for weighing in – great information!
Jeff Chambers
April 8, 2014 at 12:25 am
You shouldn’t read much into the CFO selling – most people that are classified as insiders are required to file a 10b5-1 plan with the SEC that creates a schedule for buying and selling their position throughout the year. This protects them from any accusations that they used inside knowledge and timing of events to their advantage. You can read more about the plans here:
https://www.investopedia.com/articles/stocks/07/10b5-1.asp
Lani Rosales
April 8, 2014 at 2:15 am
Jeff, great point! It is my sincere hope that Move clarifies; and when they do, we will add it as an update to the story for sure.