Insiders" 144s are filed and good for a 90-day period. Then they expire and must be refiled to cover potential sales for the next 90 days.
NOTE THE PRICE COLUMN!!!!
If no figure appears, there was no sale.
If they waited to file until the stock achieved a price level they wished to sell at, they would be restricted to the window between the acceptance of the filing and 90 days hence. Since stock has been, in most cases, issued to insiders in lieu of salary, perks, in return for investment, etc., they may decide to file so they can sell if their personal finances get tight, whatever the current price.
If this is a concern, examine the difference between teeny weeny BB stocks, their capitalization, start-up costs, renumeration for personnel, and perks, and issues on the Big Board, where established companies are able to offer fortunes in stock and salaries to come work for them.
It's a different ballgame.
Note again that no one has sold anything, yet.
All the best,
M. |
