Quote:
Originally Posted by japhi
I know that you live in this world, is it that common for a CEO to but low sell high like this? Moving around up to 40% of his holding? I would think at minimum it is a tell to the market that a new high is in. Would be interesting to follow his buy and sell patterns to see what the next 180 days looked like.
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Joe Orlando in reality has never owned a ton of stock.
In many cases when someone exercises options they sell enough to pay for the taxes to keep the remaining shares. I can't say for certain but that is what it looks like took place recently.
It also appears he was at the mercy of the market a year ago when their stock was down because of their coin division and he was forced to leave a nice chunk of money on the table with that sale.
If someone wanted to evaluate whether or not insiders were selling they should watch the CFO who has a much larger share position and his sale was just over 1% of his holdings.
These sales were clearly planned with the exact timing of last years sales so I wouldn't read anything into it one way or another. These guys are not Carl Icahn and aren't totally swimming in money so it is natural to see some selling and increase in current share count at the same time.