• zerog_bandit@lemmy.world
    link
    fedilink
    arrow-up
    20
    arrow-down
    1
    ·
    7 months ago

    Yes. Insiders with that high a fraction of ownership exercise the ability to sell shares at a predetermined percentage value of a full priced share. Usually pegged to the closing price at the beginning or end of a quarter, whichever is lower.