I checked the references. Most of these trades are not insider trades, but trades by people who owned restricted stock. Many of them were paid for services with restricted stock in the early days of the company. They were required to file a report when the restriction was removed and they sold the stock, but they were not insiders.
The gifts are self explanatory where insiders transferred stock to children or other family members.
Actual trade filings among insiders were only 2, the 30,000 planned sale filing by Bob Hughes. Mr. Hughes has been an unpaid director of the company since it started, and he sold 30,000 shares around April of this year. The second one was a filing in January for a planned sale of 80,000 shares by Mr. Funderburk, the company's CEO. However, Mr. Funderburk did not proceed with the plan and none of his stock was sold.
Thanks for pointing this out, but no insiders are bailing out to my knowledge.
John |
